Inventories (Tables)

12 Months Ended

Oct. 31, 2015

Inventory Disclosure [Abstract]

Summary of Breakdown of Elements of Inventory

A breakdown of the elements of inventory at October 31, 2015 and November 1, 2014 is as follows:

	October 31, 2015			November 1, 2014
Raw materials	$	721,751		$	622,831
Work-in-process		113,891			114,368
Finished homes		5,114,568			4,722,923
Model home furniture and others		69,495			56,418
Inventories, net	$	6,019,705		$	5,516,540
Pre-owned homes *	$	5,516,272		$	6,322,483
Inventory impairment reserve		(1,425,108	)		(1,772,280	)
		4,091,164			4,550,203
Less homes expected to sell in 12 months		(1,366,974	)		(2,839,203	)
Pre-owned homes, long-term	$	2,724,190		$	1,711,000

* The following table summarizes a breakdown of pre-owned homes inventory for fiscal year 2015 and 2014:

	Total pre-owned homes
Balance at November 2, 2013	$	9,215,590
Purchased		525,436
Sold		(3,418,543	)
Balance at November 1, 2014		6,322,483
Purchased		932,197
Sold		(1,738,408	)
Balance at October 31, 2015	$	5,516,272

Analysis of Inventory Impairment Reserve

An analysis of the inventory impairment reserve at October 31, 2015 and November 1, 2014 is as follows:

	October 31, 2015			November 1, 2014
Beginning inventory impairment reserve	$	1,772,280		$	2,711,595
Less: Reductions for homes sold		(258,001	)		(691,094	)
Inventory holding costs		(141,468	)		(211,334	)
Plus: Additions (subtractions) to impairment reserve		52,297			(36,887	)
Ending inventory impairment reserve	$	1,425,108		$	1,772,280