2021 Q3 Form 10-Q Financial Statement

#000143774921021800 Filed on September 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $690.7M $628.1M
YoY Change 9.96% 30.31%
Cost Of Revenue $542.4M $523.9M
YoY Change 3.53% 30.19%
Gross Profit $148.3M $104.3M
YoY Change 42.15% 31.03%
Gross Profit Margin 21.47% 16.6%
Selling, General & Admin $60.27M $59.90M
YoY Change 0.62% 2.39%
% of Gross Profit 40.65% 57.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.269M $1.400M
YoY Change -9.36% 40.0%
% of Gross Profit 0.86% 1.34%
Operating Expenses $60.78M $60.20M
YoY Change 0.96% 1.86%
Operating Profit $87.49M $44.10M
YoY Change 98.39% 115.12%
Interest Expense -$25.39M -$31.90M
YoY Change -20.42% 15.58%
% of Operating Profit -29.01% -72.34%
Other Income/Expense, Net
YoY Change
Pretax Income $61.80M $16.22M
YoY Change 281.1% -329.56%
Income Tax $14.10M $900.0K
% Of Pretax Income 22.82% 5.55%
Net Earnings $47.70M $15.36M
YoY Change 210.5% -302.12%
Net Earnings / Revenue 6.91% 2.45%
Basic Earnings Per Share $6.85 $2.27
Diluted Earnings Per Share $6.72 $2.16
COMMON SHARES
Basic Shares Outstanding 6.315M 6.201M
Diluted Shares Outstanding 6.434M 6.518M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $172.7M $198.1M
YoY Change -12.8% 136.96%
Cash & Equivalents $235.1M $246.3M
Short-Term Investments
Other Short-Term Assets $40.46M $63.50M
YoY Change -36.28% 45.98%
Inventory $1.313B $1.214B
Prepaid Expenses
Receivables $37.74M $37.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.564B $1.512B
YoY Change 3.43% -0.14%
LONG-TERM ASSETS
Property, Plant & Equipment $36.08M $18.90M
YoY Change 90.91% -7.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $68.90M $125.7M
YoY Change -45.19% -6.26%
Other Assets $462.6M $13.40M
YoY Change 3351.89% -20.71%
Total Long-Term Assets $747.8M $293.3M
YoY Change 154.91% 4.48%
TOTAL ASSETS
Total Short-Term Assets $1.564B $1.512B
Total Long-Term Assets $747.8M $293.3M
Total Assets $2.312B $1.806B
YoY Change 28.04% 0.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $166.1M $131.7M
YoY Change 26.15% -17.33%
Accrued Expenses $162.2M $184.1M
YoY Change -11.88% 231.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $407.6M $359.3M
YoY Change 13.44% 39.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.436B $1.612B
YoY Change -10.94% -4.81%
Other Long-Term Liabilities $348.2M $314.2M
YoY Change 10.83% -7.15%
Total Long-Term Liabilities $1.784B $1.926B
YoY Change -7.38% -5.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $407.6M $359.3M
Total Long-Term Liabilities $1.784B $1.926B
Total Liabilities $2.191B $2.285B
YoY Change -4.11% -0.13%
SHAREHOLDERS EQUITY
Retained Earnings -$619.7M -$1.216B
YoY Change -49.02% -0.69%
Common Stock $719.8M $715.4M
YoY Change 0.61% 0.69%
Preferred Stock
YoY Change
Treasury Stock (at cost) $115.4M $115.4M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $120.1M -$480.3M
YoY Change
Total Liabilities & Shareholders Equity $2.312B $1.806B
YoY Change 28.04% 0.58%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $47.70M $15.36M
YoY Change 210.5% -302.12%
Depreciation, Depletion And Amortization $1.269M $1.400M
YoY Change -9.36% 40.0%
Cash From Operating Activities $66.81M $113.1M
YoY Change -40.93% -291.05%
INVESTING ACTIVITIES
Capital Expenditures -$1.428M -$700.0K
YoY Change 104.0% -36.36%
Acquisitions
YoY Change
Other Investing Activities $20.84M $3.800M
YoY Change 448.29% -186.36%
Cash From Investing Activities $19.41M $3.000M
YoY Change 546.9% -153.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -122.8M -153.2M
YoY Change -19.85% -829.52%
NET CHANGE
Cash From Operating Activities 66.81M 113.1M
Cash From Investing Activities 19.41M 3.000M
Cash From Financing Activities -122.8M -153.2M
Net Change In Cash -36.57M -37.10M
YoY Change -1.42% -15.3%
FREE CASH FLOW
Cash From Operating Activities $66.81M $113.1M
Capital Expenditures -$1.428M -$700.0K
Free Cash Flow $68.24M $113.8M
YoY Change -40.04% -295.87%

Facts In Submission

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96576000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-72780000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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447453000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-0 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1348000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
256000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
28443000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5120000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
60022000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7181000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
82272000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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192834000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
104000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
3889000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2648000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
16337000 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
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27175000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
4161000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
6979000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18307000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
160604000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
210498000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
178251000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
235498000 USD
hov Proceeds From Model Sale Leaseback Financing Programs
ProceedsFromModelSaleLeasebackFinancingPrograms
5638000 USD
hov Proceeds From Model Sale Leaseback Financing Programs
ProceedsFromModelSaleLeasebackFinancingPrograms
18355000 USD
hov Payments For Model Sale Leaseback Financing Programs
PaymentsForModelSaleLeasebackFinancingPrograms
18233000 USD
hov Payments For Model Sale Leaseback Financing Programs
PaymentsForModelSaleLeasebackFinancingPrograms
16764000 USD
hov Proceeds From Land Bank Financing Program
ProceedsFromLandBankFinancingProgram
27636000 USD
hov Proceeds From Land Bank Financing Program
ProceedsFromLandBankFinancingProgram
57120000 USD
hov Payments For Land Bank Financing Program
PaymentsForLandBankFinancingProgram
77313000 USD
hov Payments For Land Bank Financing Program
PaymentsForLandBankFinancingProgram
55173000 USD
hov Proceeds From Partner Distributions To Consolidated Joint Venture
ProceedsFromPartnerDistributionsToConsolidatedJointVenture
40000 USD
hov Proceeds From Partner Distributions To Consolidated Joint Venture
ProceedsFromPartnerDistributionsToConsolidatedJointVenture
0 USD
hov Payments For Partner Distributions To Consolidated Joint Venture
PaymentsForPartnerDistributionsToConsolidatedJointVenture
563000 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
29216000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-55030000 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
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
-0 USD
hov Payment Of Financing Costs For Debt Issuance And Land Bank Financing
PaymentOfFinancingCostsForDebtIssuanceAndLandBankFinancing
1205000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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125000000 USD
us-gaap Repayments Of Senior Debt
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111214000 USD
us-gaap Repayments Of Senior Debt
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21240000 USD
hov Payment Of Financing Costs For Debt Issuance And Land Bank Financing
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12801000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-163645000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-74394000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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63994000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
309460000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
182266000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
235066000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
246260000 USD
us-gaap Interest Paid Net
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54823000 USD
us-gaap Interest Paid Net
InterestPaidNet
49395000 USD
us-gaap Income Taxes Paid Net
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5847000 USD
us-gaap Income Taxes Paid Net
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2478000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
235066000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
246260000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3600000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
2700000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5300000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4100000 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
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
59772000 USD
CY2020Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
67744000 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
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
39181000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
45140000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
122508000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
134797000 USD
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
19240000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
21814000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
58130000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
58539000 USD
CY2021Q3 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
19158000 USD
CY2020Q3 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
27072000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
65166000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
78944000 USD
CY2021Q3 hov Real Estate Inventory Capitalized Interest Costs Interest Contributed To Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestContributedToJointVenture
0 USD
CY2020Q3 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
CY2021Q3 hov Real Estate Inventory Capitalized Interest Costs Interest Acquired From Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestAcquiredFromJointVenture
3118000 USD
CY2020Q3 hov Real Estate Inventory Capitalized Interest Costs Interest Acquired From Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestAcquiredFromJointVenture
0 USD
hov Real Estate Inventory Capitalized Interest Costs Interest Acquired From Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestAcquiredFromJointVenture
3118000 USD
hov Real Estate Inventory Capitalized Interest Costs Interest Acquired From Joint Venture
RealEstateInventoryCapitalizedInterestCostsInterestAcquiredFromJointVenture
0 USD
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
63673000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
63998000 USD
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
63673000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
63998000 USD
CY2021Q3 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
19158000 USD
CY2020Q3 hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
27072000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
65166000 USD
hov Real Estate Inventory Expense Not Eligible For Capitalization
RealEstateInventoryExpenseNotEligibleForCapitalization
78944000 USD
CY2021Q3 us-gaap Interest Paid
InterestPaid
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CY2020Q3 us-gaap Interest Paid
InterestPaid
419000 USD
us-gaap Interest Paid
InterestPaid
1554000 USD
us-gaap Interest Paid
InterestPaid
1698000 USD
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IncreaseDecreaseInInterestPayableNet
12139000 USD
CY2020Q3 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
13876000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
11897000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
31247000 USD
CY2020Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2675000 USD
CY2021Q3 us-gaap Interest Paid Net
InterestPaidNet
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CY2020Q3 us-gaap Interest Paid Net
InterestPaidNet
13615000 USD
us-gaap Interest Paid Net
InterestPaidNet
54823000 USD
us-gaap Interest Paid Net
InterestPaidNet
49395000 USD
hov Number Of Communities Evaluated For Impairment
NumberOfCommunitiesEvaluatedForImpairment
374 pure
hov Number Of Communities Evaluated For Impairment
NumberOfCommunitiesEvaluatedForImpairment
354 pure
CY2021Q3 hov Number Of Walk Away Lots
NumberOfWalkAwayLots
851 pure
CY2020Q3 hov Number Of Walk Away Lots
NumberOfWalkAwayLots
1131 pure
hov Number Of Walk Away Lots
NumberOfWalkAwayLots
1420 pure
hov Number Of Walk Away Lots
NumberOfWalkAwayLots
3495 pure
CY2021Q3 hov Deposits Associated With Land And Lot Options Of Unconsolidated Variable Interest Entities
DepositsAssociatedWithLandAndLotOptionsOfUnconsolidatedVariableInterestEntities
89500000 USD
CY2021Q3 hov Purchase Price Associated With Land And Lot Options Of Unconsolidated Variable Interest Entities
PurchasePriceAssociatedWithLandAndLotOptionsOfUnconsolidatedVariableInterestEntities
1500000000 USD
CY2021Q3 hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
1400000 USD
hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
800000 USD
CY2020Q3 hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
4500000 USD
hov Cash Received From Subcontractors For Owner Controlled Insurance Program
CashReceivedFromSubcontractorsForOwnerControlledInsuranceProgram
3300000 USD
CY2021Q3 hov General Liability Insurance Deductible
GeneralLiabilityInsuranceDeductible
20000000 USD
CY2021Q3 hov Bodily Injury Insurance Deductible
BodilyInjuryInsuranceDeductible
250000 USD
CY2021Q3 hov Bodily Injury Insurance Limit
BodilyInjuryInsuranceLimit
5000000 USD
CY2021Q3 hov Aggregate Retention For Construction Defects Warranty And Bodily Injury Claims
AggregateRetentionForConstructionDefectsWarrantyAndBodilyInjuryClaims
20000000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
90025000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
87139000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
86417000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
89371000 USD
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ProductWarrantyAccrualPayments
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CY2020Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1821000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
10249000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
13037000 USD
CY2021Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
789000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
768000 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
95406000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
90396000 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
95406000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
90396000 USD
hov Payments By Insurance Companies For Claims
PaymentsByInsuranceCompaniesForClaims
100000 USD
hov Payments By Insurance Companies For Claims
PaymentsByInsuranceCompaniesForClaims
100000 USD
CY2021Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
17900000 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
15500000 USD
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2760000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2621000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
7970000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
7837000 USD
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
2483000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
2266000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
7171000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
6890000 USD
CY2021Q3 hov Increase Decrease In Operating Lease Rightofuse Asset
IncreaseDecreaseInOperatingLeaseRightofuseAsset
600000 USD
hov Increase Decrease In Operating Lease Rightofuse Asset
IncreaseDecreaseInOperatingLeaseRightofuseAsset
4600000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y1M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y6M
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.094 pure
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.096 pure
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2380000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8587000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5341000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2627000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2126000 USD
CY2021Q3 hov Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1162000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
22223000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3088000 USD
CY2021Q3 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
119100000 USD
CY2020Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
87900000 USD
CY2021Q3 hov Number Of Loans Reserved For
NumberOfLoansReservedFor
16 pure
CY2020Q3 hov Number Of Loans Reserved For
NumberOfLoansReservedFor
21 pure
CY2021Q2 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1524000 USD
CY2020Q2 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1358000 USD
CY2020Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1458000 USD
CY2019Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1268000 USD
CY2021Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
58000 USD
CY2020Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
56000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
167000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
140000 USD
CY2021Q3 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
0 USD
CY2020Q3 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
0 USD
us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
-43000 USD
us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
6000 USD
CY2021Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1582000 USD
CY2020Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1414000 USD
CY2021Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1582000 USD
CY2020Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
1414000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1324535000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1435749000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
11661000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
17521000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18672000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
22160000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
1317524000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1431110000 USD
CY2021Q3 hov Debt Covenant Fixed Charge Coverage Ratio Minimum
DebtCovenantFixedChargeCoverageRatioMinimum
2.0 pure
CY2021Q3 hov Secured Debt Leverage Ratio
SecuredDebtLeverageRatio
4.0 pure
CY2021Q3 us-gaap Profit Loss
ProfitLoss
47702000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
15363000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
9392000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6315000
us-gaap Profit Loss
ProfitLoss
555337000 USD
us-gaap Profit Loss
ProfitLoss
10294000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
4426000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1294000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6201000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6263000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
54165000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
902000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43276000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14069000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
501172000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9392000 USD
CY2021Q3 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
4426000 USD
CY2020Q3 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
1294000 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
54165000 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
902000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
4436000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1294000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
55259000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
902000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
43266000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14069000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
500078000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6178000
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
119000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
317000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
107000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
324000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6434000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6518000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6370000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6502000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.85
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
80.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.72
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
78.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2021Q3 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
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-442900000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2700000 USD
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
102900000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
176300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
112400000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
55400000 USD
CY2021Q3 hov Contract Backlog
ContractBacklog
1800000000 USD
CY2021Q3 us-gaap Revenues
Revenues
690683000 USD
CY2020Q3 us-gaap Revenues
Revenues
628136000 USD
us-gaap Revenues
Revenues
1968509000 USD
us-gaap Revenues
Revenues
1660543000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61799000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16216000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
112416000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12959000 USD
CY2021Q3 us-gaap Assets
Assets
2312044000 USD
CY2020Q4 us-gaap Assets
Assets
1827342000 USD
CY2021Q3 hov Payments To Acquire Remaining Equity Interest In Unconsolidated Joint Venture
PaymentsToAcquireRemainingEquityInterestInUnconsolidatedJointVenture
6300000 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 Proceeds From Transfer Of Land To Joint Venture
ProceedsFromTransferOfLandToJointVenture
21200000 USD
CY2020Q1 hov Proceeds From Transfer Of Land To Joint Venture
ProceedsFromTransferOfLandToJointVenture
29800000 USD
CY2021Q3 hov Joint Venture Total Debt To Capitalization Ratio
JointVentureTotalDebtToCapitalizationRatio
0.32 pure
CY2021Q3 hov Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
126900000 USD
CY2020Q4 hov Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
100400000 USD
CY2021Q3 us-gaap Other Commitment
OtherCommitment
24000000.0 USD
CY2021Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1200000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2000000.0 USD
CY2021Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1336652000 USD
CY2020Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1241570000 USD

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