Inventories (Tables)

9 Months Ended

Aug. 03, 2013

Inventories were as follows:


	August 3, 2013			November 3, 2012

Raw materials	$	523,286		$	505,122
Work-in-process		99,589			90,444
Finished homes		4,594,507			5,140,200
Model home furniture and others		25,201			46,114

Inventories, net	$	5,242,583		$	5,781,880


Pre-owned homes	$	9,740,463		$	10,335,524
Inventory impairment reserve		(2,833,222	)		(3,401,527	)

		6,907,241			6,933,997
Less homes expected to sell in 12 months		(2,037,428	)		(2,503,164	)

Pre-owned homes, long-term	$	4,869,813		$	4,430,833

Summary of repurchased homes and subsequent sale of those homes under the Finance Revenue Sharing Agreement

The following table summarizes certain key statistics regarding repurchased homes and subsequent sale of those homes under the FRSA. These homes and land are reflected as pre-owned homes in the consolidated balance sheets.


	Three Months Ended				Nine Months Ended
	August 3, 2013		August 4, 2012		August 3, 2013		August 4, 2012

Homes repurchased		0		0		0		3
Cost of repurchased homes	$	0	$	0	$	0	$	192,417

Number of repurchased homes sold		8		9		17		25
Cost of repurchased homes sold	$	541,682	$	748,175	$	1,101,407	$	1,756,087

Liquidation costs of repurchased homes sold	$	263,558	$	116,965	$	424,972	$	196,330

Impact upon results of operations*	$	0	$	0	$	0	$	0