$NOBH
NOBILITY HOMES INC

2013 Form 10-K Financial Statement

#000119312514023695 Filed on January 28, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012
Revenue $17.79M $4.390M $15.83M
YoY Change 12.34% 7.33% 17.92%
Cost Of Revenue $14.41M $3.420M $12.98M
YoY Change 11.07% 85.87% 0.1%
Gross Profit $3.377M $970.0K $2.859M
YoY Change 18.09% -56.89% 513.0%
Gross Profit Margin 18.98% 22.1% 18.06%
Selling, General & Admin $2.595M $840.0K $2.709M
YoY Change -4.23% -5.62% -30.95%
% of Gross Profit 76.85% 86.6% 94.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $103.0K $20.00K $116.2K
YoY Change -11.42% 100.0% -13.88%
% of Gross Profit 3.05% 2.06% 4.07%
Operating Expenses $2.595M $840.0K $2.709M
YoY Change -4.23% -5.62% -30.95%
Operating Profit $781.7K $130.0K $150.0K
YoY Change 421.09% -90.44% -104.34%
Interest Expense -$120.0K -$30.00K -$180.0K
YoY Change -33.33% -400.0% -91.55%
% of Operating Profit -15.35% -23.08% -119.99%
Other Income/Expense, Net -$40.90K $10.00K -$100.3K
YoY Change -59.2% -50.0% -95.12%
Pretax Income $740.8K $110.0K $49.76K
YoY Change 1388.75% -105.09% -100.9%
Income Tax -$6.318K $0.00
% Of Pretax Income -0.85% 0.0%
Net Earnings $747.1K $110.0K $49.76K
YoY Change 1401.45% -105.09% -100.9%
Net Earnings / Revenue 4.2% 2.51% 0.31%
Basic Earnings Per Share $0.18 $0.01
Diluted Earnings Per Share $0.18 $27.09K $0.01
COMMON SHARES
Basic Shares Outstanding 4.057M shares 4.057M shares
Diluted Shares Outstanding 4.057M shares 4.057M shares

Balance Sheet

Concept 2013 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.92M $7.670M $7.670M
YoY Change 42.37% 9.33% 9.42%
Cash & Equivalents $10.47M $7.352M $7.350M
Short-Term Investments $460.0K $320.0K $320.0K
Other Short-Term Assets $3.160M $3.660M $3.660M
YoY Change -13.66% 4.27% 4.27%
Inventory $5.040M $5.782M $5.780M
Prepaid Expenses
Receivables $2.700M $2.850M $2.850M
Other Receivables $10.00K $0.00 $0.00
Total Short-Term Assets $21.84M $19.97M $19.97M
YoY Change 9.36% 9.78% 9.79%
LONG-TERM ASSETS
Property, Plant & Equipment $3.730M $3.802M $3.800M
YoY Change -1.84% -1.51% -1.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.940M -$334.8K $3.110M
YoY Change -5.47% -85.68% -7.16%
Other Assets $8.460M $2.688M $8.360M
YoY Change 1.2% 4.37% -17.72%
Total Long-Term Assets $15.31M $15.70M $15.70M
YoY Change -2.48% -11.8% -11.8%
TOTAL ASSETS
Total Short-Term Assets $21.84M $19.97M $19.97M
Total Long-Term Assets $15.31M $15.70M $15.70M
Total Assets $37.15M $35.67M $35.67M
YoY Change 4.15% -0.9% -0.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $650.0K $404.5K $400.0K
YoY Change 62.5% 4.15% 2.56%
Accrued Expenses $780.0K $630.0K $630.0K
YoY Change 23.81% -35.71% -35.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.970M $1.382M $1.380M
YoY Change 42.75% -24.32% -24.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.970M $1.382M $1.380M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.970M $1.380M $1.380M
YoY Change 42.75% -24.59% -24.59%
SHAREHOLDERS EQUITY
Retained Earnings $32.57M
YoY Change 0.15%
Common Stock $536.5K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.545M
YoY Change -0.07%
Treasury Stock Shares 1.308M shares
Shareholders Equity $35.18M $34.29M $34.29M
YoY Change
Total Liabilities & Shareholders Equity $37.15M $35.67M $35.67M
YoY Change 4.15% -0.9% -0.89%

Cashflow Statement

Concept 2013 2012 Q4 2012
OPERATING ACTIVITIES
Net Income $747.1K $110.0K $49.76K
YoY Change 1401.45% -105.09% -100.9%
Depreciation, Depletion And Amortization $103.0K $20.00K $116.2K
YoY Change -11.42% 100.0% -13.88%
Cash From Operating Activities $3.298M -$820.0K $810.8K
YoY Change 306.73% -13.68% -122.76%
INVESTING ACTIVITIES
Capital Expenditures $68.86K $0.00 $57.98K
YoY Change 18.76% 432.97%
Acquisitions
YoY Change
Other Investing Activities -$110.0K -$120.0K $390.0K
YoY Change -128.21% -111.54% -74.84%
Cash From Investing Activities -$181.8K -$110.0K $335.5K
YoY Change -154.2% -110.58% -78.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities 3.298M -820.0K 810.8K
Cash From Investing Activities -181.8K -110.0K 335.5K
Cash From Financing Activities
Net Change In Cash 3.116M -930.0K 1.146M
YoY Change 171.84% -1133.33% -156.77%
FREE CASH FLOW
Cash From Operating Activities $3.298M -$820.0K $810.8K
Capital Expenditures $68.86K $0.00 $57.98K
Free Cash Flow $3.229M -$820.0K $752.8K
YoY Change 328.91% -13.68% -121.07%

Facts In Submission

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54150 shares
CY2013Q4 nobh Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
32784
CY2013Q4 nobh Deferred Tax Liabilities Income Taxes Recoverable
DeferredTaxLiabilitiesIncomeTaxesRecoverable
29598
CY2013Q4 nobh Collateral Value For Pool Of Loan Securing Note Payable By Joint Venture
CollateralValueForPoolOfLoanSecuringNotePayableByJointVenture
2791316
CY2013Q4 nobh Guarantee Obligations Maximum Limit Of Note Payable Principal Amount For Maturity
GuaranteeObligationsMaximumLimitOfNotePayablePrincipalAmountForMaturity
750000
CY2013Q4 nobh Guarantee Obligations Outstanding Note Payable Principal Amount
GuaranteeObligationsOutstandingNotePayablePrincipalAmount
2034100
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2013Q4 nobh Loan Loss Reserve
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171385
CY2013Q4 nobh Pre Owned Homes
PreOwnedHomes
9215590
CY2013Q4 nobh Preowned Homes Inventory Net Of Impairment Reserve
PreownedHomesInventoryNetOfImpairmentReserve
6503995
CY2013Q4 nobh Minimum Down Payment By Retail Customer
MinimumDownPaymentByRetailCustomer
500
CY2013Q4 us-gaap Inventory Finished Goods
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4344117
CY2013Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1164353
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3731463
CY2013Q4 nobh Pre Owned Homes Current
PreOwnedHomesCurrent
2187598
CY2013Q4 nobh Deferred Tax Liabilities Amortization
DeferredTaxLiabilitiesAmortization
58810
CY2013Q4 nobh Mortgage Notes Receivable Current
MortgageNotesReceivableCurrent
4549
CY2013Q4 nobh Percentage Of Retail Contract Price To Determine Down Payment By Customer
PercentageOfRetailContractPriceToDetermineDownPaymentByCustomer
0.35 pure
CY2013Q4 nobh Percentage Of Retail Contract Price Withhold Under Condition
PercentageOfRetailContractPriceWithholdUnderCondition
0.20 pure
CY2013Q4 nobh Pre Owned Homes Ending Balance
PreOwnedHomesEndingBalance
9215590
CY2009Q2 nobh Percentage Of Joint Venture Loan Guaranteed By Company
PercentageOfJointVentureLoanGuaranteedByCompany
0.50 pure
CY2012 nobh Pre Owned Homes Beginning Balance
PreOwnedHomesBeginningBalance
12857146
CY2012 nobh Pre Owned Homes Purchased
PreOwnedHomesPurchased
442853
CY2012 nobh Pre Owned Homes Sold
PreOwnedHomesSold
2964475
CY2013Q4 us-gaap Deferred Tax Assets Net
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2136100
CY2013Q4 us-gaap Property Plant And Equipment Gross
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7226440
CY2013Q4 us-gaap Inventory Noncurrent
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CY2013Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1200000
CY2013Q4 us-gaap Deferred Tax Assets Investments
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1834434
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
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319546
CY2013Q4 us-gaap Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
1295882
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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8310
CY2013Q4 us-gaap Deferred Tax Assets Net Current
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656461
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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CY2013Q4 us-gaap Other Assets Miscellaneous
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156287
CY2013Q4 us-gaap Treasury Stock Value
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CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
87261
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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4056843 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
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CY2012 us-gaap Comprehensive Income Net Of Tax
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78076
CY2012 us-gaap Gross Profit
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2859493
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
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1317
CY2012 us-gaap Other Nonoperating Income Expense
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79657
CY2012 us-gaap Unrealized Gain Loss On Investments
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28317
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
59834
CY2012 us-gaap Operating Income Loss
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150012
CY2012 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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190072
CY2012 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
176074
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10034
CY2012 us-gaap Increase Decrease In Accounts Receivable
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1673778
CY2012 us-gaap Nonoperating Income Expense
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CY2012 us-gaap Net Income Loss
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CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-713690
CY2012 us-gaap Gain Loss On Sale Of Interest In Projects
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-334779
CY2012 us-gaap Sales Revenue Net
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15834971
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57982
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
28317
CY2012 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-10034
CY2012 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
12975478
CY2012 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
176074
CY2012 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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-351367
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2012 us-gaap Proceeds From Sale Maturity And Collection Of Longterm Investments
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505000
CY2012 us-gaap Share Based Compensation
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43802
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1146262
CY2012 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-1441
CY2012 us-gaap Current State And Local Tax Expense Benefit
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CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1947
CY2012 us-gaap Increase Decrease In Accounts Payable
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16117
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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16918
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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335453
CY2012 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-107380
CY2012 us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
0
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10034
CY2012 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
924
CY2012 us-gaap Depreciation
Depreciation
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CY2012 us-gaap Allocated Share Based Compensation Expense
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CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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CY2012 us-gaap Advertising Expense
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CY2013 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P1Y9M18D
CY2013 us-gaap Earnings Per Share Basic
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0.18
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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0.06 pure
CY2013 us-gaap Variable Interest Entity Ownership Percentage
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0.50 pure
CY2012 us-gaap Amortization Of Debt Discount Premium
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1668
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
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CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2012 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageExercisePrice
23.66
CY2012 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
95035
CY2012 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodAggregateIntrinsicValue
CY2012 nobh Stock Issued During Period Value Share Based Compensation And Adjustments To Additional Paid In Capital Share Based Compensation Requisite Service Period Recognition Value
StockIssuedDuringPeriodValueShareBasedCompensationAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRequisiteServicePeriodRecognitionValue
43802
CY2012 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice
CY2012 nobh Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
112489
CY2012 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledInPeriod
41250 shares
CY2012 nobh Audit Fees
AuditFees
279891
CY2012 nobh Increase Decrease In Pre Owned Homes
IncreaseDecreaseInPreOwnedHomes
-1824325
CY2012 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Exercise Price
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475031
CY2012 nobh Increase Decrease In Inventory Holding Costs
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251067
CY2012 nobh Increase Decrease In Impairment Reserve
IncreaseDecreaseInImpairmentReserve
28801
CY2013 dei Entity Registrant Name
EntityRegistrantName
NOBILITY HOMES INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-11-02
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000072205
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--11-02
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
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EarningsPerShareDiluted
0.18
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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4057053 shares
CY2013 us-gaap Revenue Recognition Sales Of Services
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Revenues by Products and Services</i></b> &#x2013; Revenues by net sales from manufactured housing, insurance agent commissions, and construction lending operations for the years ended November&#xA0;2, 2013 and November&#xA0;3, 2012 are as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="72%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center">2013</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center">2012</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Manufactured housing</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,495,710</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">12,815,516</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Pre-owned homes-FRSA</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,706,056</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,310,588</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Trade-in and other pre-owned homes</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,089,536</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">465,884</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Insurance agent commissions</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">204,960</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">211,076</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Construction lending operations</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">29,688</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">31,907</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; TEXT-INDENT: -1em"> Total net sales</p> </td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">18,525,950</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;&#xA0;</font></td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,834,971</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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3297779
CY2013 us-gaap Fiscal Period
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Fiscal Year</i></b> <i>&#x2013;</i> The Company&#x2019;s fiscal year ends on the first Saturday on or after October&#xA0;31. The years ended November&#xA0;2,&#xA0;2013 and November&#xA0;3, 2012 each consisted of fifty-two week periods.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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shares
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y5M27D
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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4057053 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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shares
CY2013 us-gaap Concentration Risk Credit Risk
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Concentration of Credit Risk &#x2013;</i></b> The Company&#x2019;s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, short-term and long-term investments and accounts receivable. At times, the Company&#x2019;s deposits may exceed federally insured limits. However, the Company has not experienced any losses in such accounts and management believes the Company is not exposed to any significant credit risk on these accounts. The majority of the Company&#x2019;s sales are credit sales which are made primarily to customers whose ability to pay is dependent upon the industry economics prevailing in the areas where they operate; however, concentrations of credit risk with respect to accounts receivables is limited due to generally short payment terms. The Company also performs ongoing credit evaluations of its customers to help further reduce credit risk. The Company maintains reserves for potential credit losses when deemed necessary and such losses have historically been within management&#x2019;s expectations.</p> </div>
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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30400 shares
CY2013 us-gaap Comprehensive Income Net Of Tax
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881394
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-33682
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
74447
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
740788
CY2013 us-gaap Use Of Estimates
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<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Use of Estimates</i></b> <i>&#x2013;</i> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates and assumptions are based upon management&#x2019;s best knowledge of current events and actions that the Company may take in the future. The Company is subject to uncertainties such as the impact of future events, economic, environmental and political factors and changes in the Company&#x2019;s business environment; therefore, actual results could differ from these estimates. Accordingly, the accounting estimates used in the preparation of the Company&#x2019;s consolidated financial statements will change as new events occur, as more experience is acquired, as additional information is obtained and as the Company&#x2019;s operating environment changes. Changes in estimates are made when circumstances warrant. Such changes in estimates and refinements in estimation methodologies are reflected in the reported financial condition and results of operations; if material, the effects of changes in estimates are disclosed in the notes to the consolidated financial statements. Significant estimates and assumptions by management affect: valuation of pre-owned homes, the allowance for doubtful accounts, the carrying value of long-lived assets, the provision for income taxes and related deferred tax accounts, certain accrued expenses and contingencies, warranty reserve and stock-based compensation.</p> </div>
CY2013 us-gaap Standard Product Warranty Accrual Payments
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165627
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99848
CY2013 us-gaap Gross Profit
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3376673
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-160509
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
CY2013 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
134288
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
53346
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-248164
CY2013 us-gaap Operating Income Loss
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781692
CY2013 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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242583
CY2013 us-gaap Standard Product Warranty Accrual Warranties Issued
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165627
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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652902
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-149219
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-40904
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747106
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IncreaseDecreaseInInventories
-738064
CY2013 us-gaap Gain Loss On Sale Of Interest In Projects
GainLossOnSaleOfInterestInProjects
-289990
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
18525950
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68859
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
134288
CY2013 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-652902
CY2013 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
15149277
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-79000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
13518
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3115973
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
225860
CY2013 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
57654
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
26891
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
240973
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
251868
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2300
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-181806
CY2013 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
186375
CY2013 us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
0
CY2013 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
169164
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
652902
CY2013 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
1697
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-6318
CY2013 us-gaap Depreciation
Depreciation
102968
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13500
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
102833
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-6318
CY2013 us-gaap Advertising Expense
AdvertisingExpense
223100
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
141965
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2594981
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6318
CY2013 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageExercisePrice
26.38
CY2013 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
121293
CY2013 nobh Minimum Percentage Of Likelihood Of Tax Benefit Being Realized Upon Settlement
MinimumPercentageOfLikelihoodOfTaxBenefitBeingRealizedUponSettlement
0.50 pure
CY2013 nobh Standard Product Warranty Period
StandardProductWarrantyPeriod
P12M
CY2013 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodAggregateIntrinsicValue
CY2013 nobh Stock Issued During Period Value Share Based Compensation And Adjustments To Additional Paid In Capital Share Based Compensation Requisite Service Period Recognition Value
StockIssuedDuringPeriodValueShareBasedCompensationAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRequisiteServicePeriodRecognitionValue
13518
CY2013 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice
CY2013 nobh Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
116944
CY2013 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledInPeriod
23750 shares
CY2013 nobh Audit Fees
AuditFees
83891
CY2013 nobh Increase Decrease In Pre Owned Homes
IncreaseDecreaseInPreOwnedHomes
-430002
CY2013 nobh Income Tax Expense Benefit For Tax Positions More Likely Than Not
IncomeTaxExpenseBenefitForTaxPositionsMoreLikelyThanNot
0
CY2013 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice
CY2013 nobh Guarantee Obligations Principal Balance Of Pool Of Loans Percentage
GuaranteeObligationsPrincipalBalanceOfPoolOfLoansPercentage
0.80 pure
CY2013 nobh Loan Loss Reserve As Percentage Of Portfolio
LoanLossReserveAsPercentageOfPortfolio
0.0089 pure
CY2013 nobh Percentage Of Collateral Value For Pool Of Loan Securing Note
PercentageOfCollateralValueForPoolOfLoanSecuringNote
1.00 pure
CY2013 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodExercisePrice
26.38
CY2013 nobh Pre Owned Homes Purchased
PreOwnedHomesPurchased
1399205
CY2013 nobh Pre Owned Homes Sold
PreOwnedHomesSold
2519139
CY2013 nobh Increase Decrease In Inventory Impairment Reserve
IncreaseDecreaseInInventoryImpairmentReserve
393138
CY2013 nobh Increase Decrease In Inventory Holding Costs
IncreaseDecreaseInInventoryHoldingCosts
302497
CY2013 nobh Increase Decrease In Impairment Reserve
IncreaseDecreaseInImpairmentReserve
5703
CY2013 nobh Maximum Period For Sale Of Repossessed Inventory
MaximumPeriodForSaleOfRepossessedInventory
P3Y
CY2004 nobh Amount Transferred From Joint Venture To Participate In Agreement
AmountTransferredFromJointVentureToParticipateInAgreement
250000

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