2021 Q2 Form 10-Q Financial Statement

#000143774921014176 Filed on June 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $703.2M $538.4M
YoY Change 30.61% 22.16%
Cost Of Revenue $1.017B $447.6M
YoY Change 127.22% 20.71%
Gross Profit $260.8M $90.70M
YoY Change 187.55% 29.76%
Gross Profit Margin 37.09% 16.85%
Selling, General & Admin $146.3M $55.90M
YoY Change 161.71% -7.3%
% of Gross Profit 56.09% 61.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.522M $1.200M
YoY Change 26.83% 33.33%
% of Gross Profit 0.58% 1.32%
Operating Expenses $147.0M $56.10M
YoY Change 162.07% -7.58%
Operating Profit $113.8M $34.60M
YoY Change 228.85% 276.09%
Interest Expense -$63.17M -$30.30M
YoY Change 108.47% 25.73%
% of Operating Profit -55.51% -87.57%
Other Income/Expense, Net
YoY Change
Pretax Income $31.03M $4.179M
YoY Change 642.57% -128.02%
Income Tax -$457.6M $100.0K
% Of Pretax Income -1474.61% 2.39%
Net Earnings $488.7M $4.079M
YoY Change 11880.29% -126.74%
Net Earnings / Revenue 69.5% 0.76%
Basic Earnings Per Share $71.11 $0.63
Diluted Earnings Per Share $69.65 $0.60
COMMON SHARES
Basic Shares Outstanding 6.248M 6.172M
Diluted Shares Outstanding 6.368M 6.432M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $218.3M $232.8M
YoY Change -6.22% 87.74%
Cash & Equivalents $271.6M $283.4M
Short-Term Investments
Other Short-Term Assets $37.75M $65.40M
YoY Change -42.27% 59.12%
Inventory $1.257B $1.289B
Prepaid Expenses
Receivables $34.10M $32.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.547B $1.619B
YoY Change -4.47% 10.74%
LONG-TERM ASSETS
Property, Plant & Equipment $36.79M $19.50M
YoY Change 88.65% -3.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $112.5M $139.3M
YoY Change -19.24% 2.73%
Other Assets $471.9M $16.10M
YoY Change 2831.3% -6.4%
Total Long-Term Assets $790.9M $286.2M
YoY Change 176.39% -2.29%
TOTAL ASSETS
Total Short-Term Assets $1.547B $1.619B
Total Long-Term Assets $790.9M $286.2M
Total Assets $2.338B $1.906B
YoY Change 22.69% 8.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $156.5M $123.9M
YoY Change 26.31% -5.92%
Accrued Expenses $139.5M $106.4M
YoY Change 31.1% 142.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $364.5M $268.3M
YoY Change 35.86% 24.5%
LONG-TERM LIABILITIES
Long-Term Debt $1.543B $1.795B
YoY Change -14.04% 6.17%
Other Long-Term Liabilities $357.6M $337.1M
YoY Change 6.08% 1.17%
Total Long-Term Liabilities $1.901B $2.132B
YoY Change -10.86% 5.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $364.5M $268.3M
Total Long-Term Liabilities $1.901B $2.132B
Total Liabilities $2.265B $2.401B
YoY Change -5.64% 7.18%
SHAREHOLDERS EQUITY
Retained Earnings -$667.4M -$1.231B
YoY Change -45.78% 1.19%
Common Stock $719.3M $715.2M
YoY Change 0.57% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $115.4M $115.4M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $71.94M -$495.8M
YoY Change
Total Liabilities & Shareholders Equity $2.338B $1.906B
YoY Change 22.69% 8.56%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $488.7M $4.079M
YoY Change 11880.29% -126.74%
Depreciation, Depletion And Amortization $1.522M $1.200M
YoY Change 26.83% 33.33%
Cash From Operating Activities $109.6M $52.10M
YoY Change 110.29% -167.93%
INVESTING ACTIVITIES
Capital Expenditures -$1.461M -$1.100M
YoY Change 32.82% 10.0%
Acquisitions
YoY Change
Other Investing Activities -$18.77M -$3.500M
YoY Change 436.2% -45.31%
Cash From Investing Activities -$20.33M -$4.500M
YoY Change 351.73% -38.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -44.25M 107.9M
YoY Change -141.01% 8.55%
NET CHANGE
Cash From Operating Activities 109.6M 52.10M
Cash From Investing Activities -20.33M -4.500M
Cash From Financing Activities -44.25M 107.9M
Net Change In Cash 44.98M 155.5M
YoY Change -71.07% 909.74%
FREE CASH FLOW
Cash From Operating Activities $109.6M $52.10M
Capital Expenditures -$1.461M -$1.100M
Free Cash Flow $111.0M $53.20M
YoY Change 108.69% -170.28%

Facts In Submission

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PaymentsToAcquireInterestInJointVenture
29578000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
19924000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
19596000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
441000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12428000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
121340000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
139861000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
143115000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
132352000 USD
hov Proceeds From Model Sale Leaseback Financing Programs
ProceedsFromModelSaleLeasebackFinancingPrograms
2738000 USD
hov Proceeds From Model Sale Leaseback Financing Programs
ProceedsFromModelSaleLeasebackFinancingPrograms
3307000 USD
hov Payments For Model Sale Leaseback Financing Programs
PaymentsForModelSaleLeasebackFinancingPrograms
9879000 USD
hov Payments For Model Sale Leaseback Financing Programs
PaymentsForModelSaleLeasebackFinancingPrograms
11606000 USD
hov Proceeds From Land Bank Financing Program
ProceedsFromLandBankFinancingProgram
16494000 USD
hov Proceeds From Land Bank Financing Program
ProceedsFromLandBankFinancingProgram
48260000 USD
hov Payments For Land Bank Financing Program
PaymentsForLandBankFinancingProgram
50606000 USD
hov Payments For Land Bank Financing Program
PaymentsForLandBankFinancingProgram
36839000 USD
hov Payments For Partner Distributions To Consolidated Joint Venture
PaymentsForPartnerDistributionsToConsolidatedJointVenture
254000 USD
hov Payments For Partner Distributions To Consolidated Joint Venture
PaymentsForPartnerDistributionsToConsolidatedJointVenture
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
23274000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-80813000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
125000000 USD
hov Payment Of Financing Costs For Debt Issuance And Land Bank Financing
PaymentOfFinancingCostsForDebtIssuanceAndLandBankFinancing
844000 USD
hov Payment Of Financing Costs For Debt Issuance And Land Bank Financing
PaymentOfFinancingCostsForDebtIssuanceAndLandBankFinancing
12117000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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42701000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
309460000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
271640000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
283367000 USD
us-gaap Interest Paid Net
InterestPaidNet
47202000 USD
us-gaap Interest Paid Net
InterestPaidNet
35780000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3412000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1266000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
271640000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
283367000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1800000 USD
CY2020Q2 hov Allocated Share Based Compensation Income
AllocatedShareBasedCompensationIncome
100000 USD
hov Allocated Share Based Compensation Income
AllocatedShareBasedCompensationIncome
200000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
65327000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
67879000 USD
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
65010000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
71264000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
41870000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
45323000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
83327000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
89657000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
21725000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
18589000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
38890000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
36725000 USD
CY2021Q2 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
22033000 USD
CY2020Q2 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
26869000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
46008000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
51872000 USD
CY2021Q2 hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
3667000 USD
CY2020Q2 hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
0 USD
hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
3667000 USD
hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
4580000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
59772000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
67744000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
59772000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
67744000 USD
CY2021Q2 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
22033000 USD
CY2020Q2 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
26869000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
46008000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
51872000 USD
CY2021Q2 us-gaap Interest Paid
InterestPaid
527000 USD
CY2020Q2 us-gaap Interest Paid
InterestPaid
509000 USD
us-gaap Interest Paid
InterestPaid
952000 USD
us-gaap Interest Paid
InterestPaid
1279000 USD
CY2021Q2 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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CY2020Q2 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
5553000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
17371000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
37280000 USD
CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
21825000 USD
us-gaap Interest Paid Net
InterestPaidNet
47202000 USD
us-gaap Interest Paid Net
InterestPaidNet
35780000 USD
hov Number Of Communities Evaluated For Impairment
NumberOfCommunitiesEvaluatedForImpairment
362 pure
hov Number Of Communities Evaluated For Impairment
NumberOfCommunitiesEvaluatedForImpairment
374 pure
CY2021Q2 hov Deposits Associated With Land And Lot Options Of Unconsolidated Variable Interest Entities
DepositsAssociatedWithLandAndLotOptionsOfUnconsolidatedVariableInterestEntities
79800000 USD
CY2021Q2 hov Purchase Price Associated With Land And Lot Options Of Unconsolidated Variable Interest Entities
PurchasePriceAssociatedWithLandAndLotOptionsOfUnconsolidatedVariableInterestEntities
1300000000 USD
CY2021Q2 hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
1600000 USD
hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
3000000.0 USD
CY2020Q2 hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
1100000 USD
hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
2400000 USD
CY2021Q2 hov General Liability Insurance Deductible
GeneralLiabilityInsuranceDeductible
20000000 USD
CY2021Q2 hov Bodily Injury Insurance Deductible
BodilyInjuryInsuranceDeductible
250000 USD
CY2021Q2 hov Bodily Injury Insurance Limit
BodilyInjuryInsuranceLimit
5000000 USD
CY2021Q2 hov Aggregate Retention For Construction Defects Warranty And Bodily Injury Claims
AggregateRetentionForConstructionDefectsWarrantyAndBodilyInjuryClaims
20000000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
88861000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
89905000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
86417000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4760000 USD
CY2020Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
6736000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
11216000 USD
CY2021Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1412000 USD
CY2020Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
715000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1886000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1070000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
90025000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
90025000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2021Q2 us-gaap Cash Equivalents At Carrying Value
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CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
5210000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
5216000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
2390000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
2308000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
4688000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
4624000 USD
CY2021Q2 hov Increase Decrease In Operating Lease Rightofuse Asset
IncreaseDecreaseInOperatingLeaseRightofuseAsset
2300000 USD
hov Increase Decrease In Operating Lease Rightofuse Asset
IncreaseDecreaseInOperatingLeaseRightofuseAsset
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CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.095 pure
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.096 pure
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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4817000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5173000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2455000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2083000 USD
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1162000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
24112000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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4142000 USD
CY2021Q2 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
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CY2020Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
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CY2021Q2 hov Number Of Loans Reserved For
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15 pure
CY2020Q2 hov Number Of Loans Reserved For
NumberOfLoansReservedFor
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CY2021Q1 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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CY2020Q1 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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CY2020Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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CY2019Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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CY2021Q2 us-gaap Provision For Loan And Lease Losses
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CY2020Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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us-gaap Provision For Loan And Lease Losses
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us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
84000 USD
CY2021Q2 us-gaap Allowance For Loan And Lease Losses Adjustments Net
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CY2020Q2 us-gaap Allowance For Loan And Lease Losses Adjustments Net
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6000 USD
us-gaap Allowance For Loan And Lease Losses Adjustments Net
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us-gaap Allowance For Loan And Lease Losses Adjustments Net
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6000 USD
CY2021Q2 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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1524000 USD
CY2020Q2 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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1358000 USD
CY2020Q2 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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1358000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
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CY2020Q4 us-gaap Debt Instrument Carrying Amount
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CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
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13614000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
17521000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
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20039000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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22160000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
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CY2020Q4 us-gaap Long Term Debt
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CY2021Q2 hov Debt Covenant Fixed Charge Coverage Ratio Minimum
DebtCovenantFixedChargeCoverageRatioMinimum
2.0 pure
CY2021Q2 hov Secured Debt Leverage Ratio
SecuredDebtLeverageRatio
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2020Q2 us-gaap Profit Loss
ProfitLoss
4079000 USD
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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44383000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
216000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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216000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3863000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
461488000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
44383000 USD
CY2020Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
216000 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
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us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
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CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
47338000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3863000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
460297000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6172000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6236000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6166000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
120000
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
260000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
95000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6331000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6166000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
71.11
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
69.65
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
72.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
CY2021Q2 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
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CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
114500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50600000 USD
CY2021Q2 us-gaap Revenues
Revenues
703162000 USD
CY2020Q2 us-gaap Revenues
Revenues
538351000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
55400000 USD
us-gaap Revenues
Revenues
1277826000 USD
us-gaap Revenues
Revenues
1032407000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31032000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4179000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50617000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3257000 USD
CY2021Q2 us-gaap Assets
Assets
2337988000 USD
CY2020Q4 us-gaap Assets
Assets
1827342000 USD
CY2021Q2 hov Number Of Owned Communities Transferred To The Joint Venture
NumberOfOwnedCommunitiesTransferredToTheJointVenture
6 pure
CY2021Q2 hov Number Of Owned Active Communities Transferred To The Joint Venture
NumberOfOwnedActiveCommunitiesTransferredToTheJointVenture
3 pure
CY2021Q2 hov Number Of New Joint Ventures
NumberOfNewJointVentures
2 pure
CY2021Q2 hov Proceeds From Transfer Of Land To Joint Venture
ProceedsFromTransferOfLandToJointVenture
21200000 USD
CY2020Q1 hov Proceeds From Transfer Of Land To Joint Venture
ProceedsFromTransferOfLandToJointVenture
29800000 USD
CY2021Q2 hov Joint Venture Total Debt To Capitalization Ratio
JointVentureTotalDebtToCapitalizationRatio
0.27 pure
CY2021Q2 hov Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
122300000 USD
CY2020Q4 hov Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
100400000 USD
CY2021Q2 us-gaap Other Commitment
OtherCommitment
24000000.0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
800000 USD
CY2021Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1409595000 USD
CY2020Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1241570000 USD

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