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Investments in Unconsolidated Entities (Tables)
9 Months Ended
Jul. 31, 2020
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Summary of Joint Venture Information [Table Text Block]
The table below provides information as of July 31, 2020, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands):
 Land
Development
Joint Ventures
Home Building
Joint Ventures
Rental Property
Joint Ventures
Gibraltar
Joint Ventures
Total
Number of unconsolidated entities
9425745
Investment in unconsolidated entities$129,019 $37,608 $225,294 $20,845 $412,766 
Number of unconsolidated entities with funding commitments by the Company
391 13
Company’s remaining funding commitment to unconsolidated entities
$30,300 $ $24,251 $3,675 $58,226 
Summary of Joint Ventures Borrowing information [Table Text Block]
Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at July 31, 2020, regarding the debt financing obtained by category ($ amounts in thousands):
 Land
Development
Joint Ventures
Home Building
Joint Ventures
Rental Property
Joint Ventures
Total
Number of joint ventures with debt financing
412227
Aggregate loan commitments$158,823 $43,054 $1,607,742 $1,809,619 
Amounts borrowed under loan commitments
$133,654 $43,054 $1,150,967 $1,327,675 
Condensed balance sheet
Condensed Balance Sheets:
 July 31,
2020
October 31,
2019
Cash and cash equivalents$98,313 $85,819 
Inventory542,824 579,226 
Loans receivable, net66,779 56,545 
Rental properties1,049,035 1,021,848 
Rental properties under development768,686 535,197 
Real estate owned6,752 12,267 
Other assets167,279 212,761 
Total assets$2,699,668 $2,503,663 
Debt, net of deferred financing costs$1,328,035 $1,226,857 
Other liabilities169,440 175,827 
Members’ equity1,201,846 1,100,563 
Noncontrolling interest347 416 
Total liabilities and equity$2,699,668 $2,503,663 
Company’s net investment in unconsolidated entities (1)
$412,766 $366,252 
(1) Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of other than temporary impairments related to our investments in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; unrealized gains on our retained joint venture interests; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations and comprehensive income
Condensed Statements of Operations:
 Nine months ended July 31,Three months ended July 31,
 2020201920202019
Revenues$291,179 $511,226 $78,897 $179,608 
Cost of revenues203,127 443,740 57,778 154,787 
Other expenses100,419 64,027 27,237 22,674 
Total expenses303,546 507,767 85,015 177,461 
Gain on disposition of loans and real estate owned1,053 4,383 1,053 689 
(Loss) income from operations(11,314)7,842 (5,065)2,836 
Other income977 31,584 448 29,846 
(Loss) income before income taxes
(10,337)39,426 (4,617)32,682 
Income tax (benefit) provision(111)596 37 201 
Net (loss) income including earnings from noncontrolling interests
(10,226)38,830 (4,654)32,481 
Less: income (loss) attributable to noncontrolling interest
34 (9,600)34 (7,521)
Net (loss) income attributable to controlling interest
$(10,192)$29,230 $(4,620)$24,960 
Company’s equity (deficit) in earnings of unconsolidated entities (1)
$5,304 $17,759 $(2,566)$7,200 
(1) Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are primarily a result of distributions from entities in excess of the carrying amount of our net investment; other than temporary impairments related to our investments in unconsolidated entities; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; gains recognized from the sale of our investment to our joint venture partner; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.