2020 Q3 Form 10-Q Financial Statement

#000143774920019350 Filed on September 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $628.1M $482.0M
YoY Change 30.31% 5.55%
Cost Of Revenue $523.9M $402.4M
YoY Change 30.19% 7.36%
Gross Profit $104.3M $79.60M
YoY Change 31.03% -2.81%
Gross Profit Margin 16.6% 16.51%
Selling, General & Admin $59.90M $58.50M
YoY Change 2.39% 8.53%
% of Gross Profit 57.43% 73.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.400M $1.000M
YoY Change 40.0% 25.0%
% of Gross Profit 1.34% 1.26%
Operating Expenses $60.20M $59.10M
YoY Change 1.86% 8.64%
Operating Profit $44.10M $20.50M
YoY Change 115.12% -25.45%
Interest Expense -$31.90M -$27.60M
YoY Change 15.58% 19.48%
% of Operating Profit -72.34% -134.63%
Other Income/Expense, Net
YoY Change
Pretax Income $16.22M -$7.064M
YoY Change -329.56% -9156.41%
Income Tax $900.0K $537.0K
% Of Pretax Income 5.55%
Net Earnings $15.36M -$7.601M
YoY Change -302.12% 640.84%
Net Earnings / Revenue 2.45% -1.58%
Basic Earnings Per Share $2.27 -$1.27
Diluted Earnings Per Share $2.16 -$1.27
COMMON SHARES
Basic Shares Outstanding 6.201M 5.971M
Diluted Shares Outstanding 6.518M 5.971M

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.1M $83.60M
YoY Change 136.96% -62.33%
Cash & Equivalents $246.3M $124.8M
Short-Term Investments
Other Short-Term Assets $63.50M $43.50M
YoY Change 45.98% 4.82%
Inventory $1.214B $1.355B
Prepaid Expenses
Receivables $37.30M $32.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.512B $1.515B
YoY Change -0.14% 7.39%
LONG-TERM ASSETS
Property, Plant & Equipment $18.90M $20.50M
YoY Change -7.8% 1.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $125.7M $134.1M
YoY Change -6.26% 27.96%
Other Assets $13.40M $16.90M
YoY Change -20.71% -33.2%
Total Long-Term Assets $293.3M $280.8M
YoY Change 4.48% 8.74%
TOTAL ASSETS
Total Short-Term Assets $1.512B $1.515B
Total Long-Term Assets $293.3M $280.8M
Total Assets $1.806B $1.795B
YoY Change 0.58% 7.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $131.7M $159.3M
YoY Change -17.33% 21.6%
Accrued Expenses $184.1M $55.50M
YoY Change 231.71% 7.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $359.3M $256.7M
YoY Change 39.97% 15.06%
LONG-TERM LIABILITIES
Long-Term Debt $1.612B $1.693B
YoY Change -4.81% 2.5%
Other Long-Term Liabilities $314.2M $338.4M
YoY Change -7.15% 15.1%
Total Long-Term Liabilities $1.926B $2.032B
YoY Change -5.2% 4.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $359.3M $256.7M
Total Long-Term Liabilities $1.926B $2.032B
Total Liabilities $2.285B $2.288B
YoY Change -0.13% 5.5%
SHAREHOLDERS EQUITY
Retained Earnings -$1.216B -$1.224B
YoY Change -0.69% -0.48%
Common Stock $715.4M $710.5M
YoY Change 0.69% 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $115.4M $115.4M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity -$480.3M -$493.6M
YoY Change
Total Liabilities & Shareholders Equity $1.806B $1.795B
YoY Change 0.58% 7.6%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $15.36M -$7.601M
YoY Change -302.12% 640.84%
Depreciation, Depletion And Amortization $1.400M $1.000M
YoY Change 40.0% 25.0%
Cash From Operating Activities $113.1M -$59.20M
YoY Change -291.05% 122.56%
INVESTING ACTIVITIES
Capital Expenditures -$700.0K -$1.100M
YoY Change -36.36% 10.0%
Acquisitions
YoY Change
Other Investing Activities $3.800M -$4.400M
YoY Change -186.36% -21.43%
Cash From Investing Activities $3.000M -$5.600M
YoY Change -153.57% -15.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -153.2M 21.00M
YoY Change -829.52% 89.19%
NET CHANGE
Cash From Operating Activities 113.1M -59.20M
Cash From Investing Activities 3.000M -5.600M
Cash From Financing Activities -153.2M 21.00M
Net Change In Cash -37.10M -43.80M
YoY Change -15.3% 98.19%
FREE CASH FLOW
Cash From Operating Activities $113.1M -$59.20M
Capital Expenditures -$700.0K -$1.100M
Free Cash Flow $113.8M -$58.10M
YoY Change -295.87% 126.95%

Facts In Submission

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-473000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
192834000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-258058000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
104000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
23000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2648000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3138000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
19924000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
13159000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
4161000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
6766000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18307000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
235645000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9508000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
235498000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
123148000 USD
hov Proceeds From Model Sale Leaseback Financing Programs
ProceedsFromModelSaleLeasebackFinancingPrograms
18355000 USD
hov Proceeds From Model Sale Leaseback Financing Programs
ProceedsFromModelSaleLeasebackFinancingPrograms
21276000 USD
hov Payments For Model Sale Leaseback Financing Programs
PaymentsForModelSaleLeasebackFinancingPrograms
16764000 USD
hov Payments For Model Sale Leaseback Financing Programs
PaymentsForModelSaleLeasebackFinancingPrograms
14477000 USD
hov Proceeds From Land Bank Financing Program
ProceedsFromLandBankFinancingProgram
57120000 USD
hov Proceeds From Land Bank Financing Program
ProceedsFromLandBankFinancingProgram
87734000 USD
hov Payments For Land Bank Financing Program
PaymentsForLandBankFinancingProgram
55173000 USD
hov Payments For Land Bank Financing Program
PaymentsForLandBankFinancingProgram
18740000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
604000 USD
hov Payment Of Financing Costs For Debt Issuance And Land Bank Financing
PaymentOfFinancingCostsForDebtIssuanceAndLandBankFinancing
12801000 USD
hov Payment Of Financing Costs For Debt Issuance And Land Bank Financing
PaymentOfFinancingCostsForDebtIssuanceAndLandBankFinancing
4586000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-110533000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
159372000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
63994000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-108194000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
182266000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
232992000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
246260000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124798000 USD
us-gaap Interest Paid Net
InterestPaidNet
49395000 USD
us-gaap Interest Paid Net
InterestPaidNet
82294000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2478000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3042000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
246260000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124798000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
30000 USD
CY2019Q3 hov Allocated Share Based Compensation Income
AllocatedShareBasedCompensationIncome
1000000.0 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
67744000 USD
CY2019Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
79277000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
71264000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
68117000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
45140000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
42104000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
134797000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
122340000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
21814000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
19029000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
58539000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
43169000 USD
CY2020Q3 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
27072000 USD
CY2019Q3 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
22377000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
78944000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
67313000 USD
CY2020Q3 hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
0 USD
CY2019Q3 hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
1978000 USD
hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
4580000 USD
hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
1978000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
63998000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
77997000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
63998000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
77997000 USD
CY2020Q3 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
27072000 USD
CY2019Q3 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
22377000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
78944000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
67313000 USD
CY2020Q3 us-gaap Interest Paid
InterestPaid
419000 USD
CY2019Q3 us-gaap Interest Paid
InterestPaid
673000 USD
us-gaap Interest Paid
InterestPaid
1698000 USD
us-gaap Interest Paid
InterestPaid
1876000 USD
CY2020Q3 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
13876000 USD
CY2019Q3 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-15404000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
31247000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-13105000 USD
CY2020Q3 us-gaap Interest Paid Net
InterestPaidNet
13615000 USD
CY2019Q3 us-gaap Interest Paid Net
InterestPaidNet
38454000 USD
us-gaap Interest Paid Net
InterestPaidNet
49395000 USD
us-gaap Interest Paid Net
InterestPaidNet
82294000 USD
hov Number Of Communities Evaluated For Impairment
NumberOfCommunitiesEvaluatedForImpairment
354 pure
hov Number Of Communities Evaluated For Impairment
NumberOfCommunitiesEvaluatedForImpairment
398 pure
hov Carrying Value Of Communities Tested For Impairment
CarryingValueOfCommunitiesTestedForImpairment
600000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
hov Number Of Communities Performed Detailed Impairment Calculations
NumberOfCommunitiesPerformedDetailedImpairmentCalculations
7 pure
hov Carrying Value Of Communities Tested For Impairment
CarryingValueOfCommunitiesTestedForImpairment
52800000 USD
CY2020Q3 hov Deposits Associated With Land And Lot Options Of Unconsolidated Variable Interest Entities
DepositsAssociatedWithLandAndLotOptionsOfUnconsolidatedVariableInterestEntities
79700000 USD
CY2020Q3 hov Purchase Price Associated With Land And Lot Options Of Unconsolidated Variable Interest Entities
PurchasePriceAssociatedWithLandAndLotOptionsOfUnconsolidatedVariableInterestEntities
1200000000 USD
CY2020Q3 hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
800000 USD
CY2019Q3 hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
1200000 USD
hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
3300000 USD
hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
3400000 USD
CY2020Q3 hov General Liability Insurance Deductible
GeneralLiabilityInsuranceDeductible
20000000 USD
CY2020Q3 hov Bodily Injury Insurance Deductible
BodilyInjuryInsuranceDeductible
250000 USD
CY2020Q3 hov Bodily Injury Insurance Limit
BodilyInjuryInsuranceLimit
5000000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
87139000 USD
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
92849000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
89371000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
95064000 USD
CY2020Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1821000 USD
CY2019Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3657000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
13037000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
13768000 USD
CY2020Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-302000 USD
CY2019Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
900000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
768000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1343000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
90396000 USD
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
93905000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
90396000 USD
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
93905000 USD
hov Payments By Insurance Companies For Claims
PaymentsByInsuranceCompaniesForClaims
100000 USD
CY2020Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
13200000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
143100000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2621000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
7837000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
2266000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
6890000 USD
hov Increase Decrease In Operating Lease Rightofuse Asset
IncreaseDecreaseInOperatingLeaseRightofuseAsset
1000000.0 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.096 pure
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2204000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8250000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7050000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3756000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1479000 USD
CY2020Q3 hov Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
2431000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
25170000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2982000 USD
CY2020Q3 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
83100000 USD
CY2019Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
143200000 USD
CY2020Q3 hov Number Of Loans Reserved For
NumberOfLoansReservedFor
21 pure
CY2020Q3 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
0 USD
CY2019Q3 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
0 USD
us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
6000 USD
us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
-22000 USD
CY2020Q3 hov Payments Settlements
PaymentsSettlements
0 USD
CY2019Q3 hov Payments Settlements
PaymentsSettlements
0 USD
CY2020Q2 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1358000 USD
CY2019Q2 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1269000 USD
CY2019Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1268000 USD
CY2018Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
2563000 USD
CY2020Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
56000 USD
CY2019Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
61000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
140000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
139000 USD
hov Payments Settlements
PaymentsSettlements
0 USD
hov Payments Settlements
PaymentsSettlements
-1350000 USD
CY2020Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1414000 USD
CY2019Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1330000 USD
CY2020Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1414000 USD
CY2019Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1330000 USD
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
19476000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-49145000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
23150000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19970000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
1432075000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1479990000 USD
CY2020Q3 hov Debt Covenant Fixed Charge Coverage Ratio Minimum
DebtCovenantFixedChargeCoverageRatioMinimum
2.0 pure
CY2020Q3 hov Secured Debt Leverage Ratio
SecuredDebtLeverageRatio
4.0 pure
CY2020Q3 us-gaap Profit Loss
ProfitLoss
15363000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-7601000 USD
us-gaap Profit Loss
ProfitLoss
10294000 USD
us-gaap Profit Loss
ProfitLoss
-40310000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1294000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
902000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-0 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14069000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7601000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9392000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-40310000 USD
CY2020Q3 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
1294000 USD
CY2019Q3 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
902000 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1294000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
902000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-0 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14069000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7601000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
9392000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-40310000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6201000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5971000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6178000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5964000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
317000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
324000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6518000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5971000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6502000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5964000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.27
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.76
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.16
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.76
CY2020Q3 hov Common Stock Dividends Percent Of Increase From Class A To Class B
CommonStockDividendsPercentOfIncreaseFromClassAToClassB
1.10 pure
CY2018Q1 hov Shareholder Ownership Percentage Of Increase
ShareholderOwnershipPercentageOfIncrease
0.50 pure
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2700000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1200000 USD
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
592900000 USD
CY2020Q3 us-gaap Revenues
Revenues
628136000 USD
CY2019Q3 us-gaap Revenues
Revenues
482041000 USD
us-gaap Revenues
Revenues
1660543000 USD
us-gaap Revenues
Revenues
1303326000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16216000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7064000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12959000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-39082000 USD
CY2020Q3 us-gaap Assets
Assets
1805744000 USD
CY2019Q4 us-gaap Assets
Assets
1881424000 USD
CY2020Q1 hov Proceeds From Transfer Of Land To Joint Venture
ProceedsFromTransferOfLandToJointVenture
29800000 USD
CY2020Q3 hov Joint Venture Total Debt To Capitalization Ratio
JointVentureTotalDebtToCapitalizationRatio
0.25 pure
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 18pt;"> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b><em style="font: inherit;">19.</em></b></p> </td><td> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>Recent Accounting Pronouncements</b></p> </td></tr> </tbody></table> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p> <p style="margin: 0pt; text-align: left; text-indent: 45pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">In <em style="font: inherit;"> February 2016, </em>the FASB issued ASU <em style="font: inherit;">No.</em> <em style="font: inherit;">2016</em>-<em style="font: inherit;">02,</em> “Leases (Topic <em style="font: inherit;">842</em>)” (“ASU <em style="font: inherit;">2016</em>-<em style="font: inherit;">02”</em>), which provides guidance for accounting for leases. ASU <em style="font: inherit;">2016</em>-<em style="font: inherit;">02</em> requires lessees to classify leases as either finance or operating leases and to record a right-of-use asset and a lease liability for all leases with a term greater than <em style="font: inherit;">12</em> months regardless of the lease classification. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or on a straight-line basis over the term of the lease. Accounting for lessors remains largely unchanged from current GAAP. ASU <em style="font: inherit;">2016</em>-<em style="font: inherit;">02</em> was effective for the Company on <em style="font: inherit;"> November 1, 2019, </em>and we applied the modified retrospective method of adoption, resulting in <em style="font: inherit;">no</em> restatement of prior period financial statements. We elected the practical expedient package which allows us to carry forward our original assessment of whether contracts contained leases, lease classification and the initial direct costs. We also elected the practical expedient that allows lessees the option to account for lease and non-lease components together as a single component for all classes of underlying assets. The adoption of ASU <em style="font: inherit;">2016</em>-<em style="font: inherit;">02</em> resulted in a gross up on our Condensed Consolidated Balance Sheets for ROU assets and lease liabilities of $23.3 million and $24.4 million, respectively, as of <em style="font: inherit;"> November 1, 2019. </em>Existing prepaid rent and accrued rent were recorded as an offset to the gross operating ROU assets. Our ROU assets are included in “Prepaid expenses and other assets” and the corresponding lease liabilities are included in “Accounts payable and other liabilities” line items on our Condensed Consolidated Balance Sheets. The adoption of ASU <em style="font: inherit;">2016</em>-<em style="font: inherit;">02</em> had <em style="font: inherit;">no</em> impact on our condensed consolidated statements of operations or cash flows, nor did it have a significant impact on our business processes, systems or internal controls.</p> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p> <p style="margin: 0pt; text-align: left; text-indent: 45pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">In <em style="font: inherit;"> August 2018, </em>the FASB issued ASU <em style="font: inherit;">No.</em> <em style="font: inherit;">2018</em>-<em style="font: inherit;">13,</em> “Fair Value Measurement (Topic <em style="font: inherit;">820</em>) - Disclosure Framework” (“ASU <em style="font: inherit;">2018</em>-<em style="font: inherit;">13”</em>), which improves the disclosure requirements for fair value measurements. ASU <em style="font: inherit;">2018</em>-<em style="font: inherit;">13</em> is effective for us beginning <em style="font: inherit;"> November </em><em style="font: inherit;">1,</em> <em style="font: inherit;">2020.</em> Early adoption is permitted for any removed or modified disclosures. We are currently evaluating the potential impact of adopting this guidance on our Condensed Consolidated Financial Statements.</p> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p> <p style="margin: 0pt; text-align: left; text-indent: 45pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">In <em style="font: inherit;"> August 2018, </em>the FASB issued ASU <em style="font: inherit;">No.</em> <em style="font: inherit;">2018</em>-<em style="font: inherit;">15,</em> “Intangibles-Goodwill and Other-Internal-Use Software (Subtopic <em style="font: inherit;">350</em>-<em style="font: inherit;">40</em>): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract” (“ASU <em style="font: inherit;">2018</em>-<em style="font: inherit;">15”</em>). ASU <em style="font: inherit;">2018</em>-<em style="font: inherit;">15</em> aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU <em style="font: inherit;">2018</em>-<em style="font: inherit;">15</em> is effective for us beginning <em style="font: inherit;"> November 1, 2020. </em>Early adoption is permitted. We are currently evaluating the potential impact of adopting this guidance on our Condensed Consolidated Financial Statements.</p> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p> <p style="margin: 0pt; text-align: left; text-indent: 45pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">In <em style="font: inherit;"> March 2020, </em>the FASB issued ASU <em style="font: inherit;">2020</em>-<em style="font: inherit;">04,</em> “Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU <em style="font: inherit;">2020</em>-<em style="font: inherit;">04”</em>). ASU <em style="font: inherit;">2020</em>-<em style="font: inherit;">04</em> provides companies with optional guidance to ease the potential accounting burden associated with reference rate reform on financial reporting. This guidance is effective for the Company beginning on <em style="font: inherit;"> March 12, 2020, </em>and we <em style="font: inherit;"> may </em>elect to apply the amendments prospectively from now through <em style="font: inherit;"> December 31, 2022. </em>The Company has <em style="font: inherit;">not</em> yet adopted this guidance and is currently evaluating the potential impact of adoption on our Condensed Consolidated Financial Statements.</p> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p>
CY2020Q3 hov Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
95100000 USD
CY2019Q4 hov Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
161100000 USD
CY2020Q3 us-gaap Other Commitment
OtherCommitment
29500000 USD
CY2019Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
100000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1100000 USD
CY2020Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1069694000 USD
CY2019Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1310638000 USD

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