$NOBH
NOBILITY HOMES INC

2014 Q4 Form 10-K Financial Statement

#000119312516441330 Filed on January 28, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 2013 Q4
Revenue $6.180M $21.15M $5.810M
YoY Change 6.37% 18.91% 32.35%
Cost Of Revenue $4.720M $16.78M $4.470M
YoY Change 5.59% 16.44% 30.7%
Gross Profit $1.460M $4.372M $1.350M
YoY Change 8.15% 29.46% 39.18%
Gross Profit Margin 23.62% 20.67% 23.24%
Selling, General & Admin $830.0K $3.061M $670.0K
YoY Change 23.88% 17.94% -20.24%
% of Gross Profit 56.85% 70.01% 49.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.00K $95.84K $10.00K
YoY Change 100.0% -6.92% -50.0%
% of Gross Profit 1.37% 2.19% 0.74%
Operating Expenses $830.0K $3.061M $660.0K
YoY Change 25.76% 17.94% -21.43%
Operating Profit $630.0K $1.311M $690.0K
YoY Change -8.7% 67.72% 430.77%
Interest Expense -$40.00K -$120.0K -$20.00K
YoY Change 100.0% 0.0% -33.33%
% of Operating Profit -6.35% -9.15% -2.9%
Other Income/Expense, Net $30.00K -$49.10K $0.00
YoY Change 20.03% -100.0%
Pretax Income $620.0K $1.262M $660.0K
YoY Change -6.06% 70.35% 500.0%
Income Tax $0.00 $4.036K -$10.00K
% Of Pretax Income 0.0% 0.32% -1.52%
Net Earnings $620.0K $1.258M $670.0K
YoY Change -7.46% 68.37% 509.09%
Net Earnings / Revenue 10.03% 5.95% 11.53%
Basic Earnings Per Share $0.31
Diluted Earnings Per Share $152.7K $0.31 $165.0K
COMMON SHARES
Basic Shares Outstanding 4.060M shares
Diluted Shares Outstanding 4.061M shares

Balance Sheet

Concept 2014 Q4 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.61M $14.61M $10.92M
YoY Change 33.79% 33.79% 42.37%
Cash & Equivalents $14.12M $14.12M $10.47M
Short-Term Investments $500.0K $500.0K $460.0K
Other Short-Term Assets $3.640M $3.640M $3.160M
YoY Change 15.19% 15.19% -13.66%
Inventory $5.517M $5.520M $5.044M
Prepaid Expenses
Receivables $2.141M $2.140M $2.701M
Other Receivables $10.00K $10.00K $10.00K
Total Short-Term Assets $25.92M $25.92M $21.84M
YoY Change 18.69% 18.68% 9.34%
LONG-TERM ASSETS
Property, Plant & Equipment $3.957M $3.960M $3.731M
YoY Change 6.05% 6.17% -1.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.750M $2.750M $2.940M
YoY Change -6.46% -6.46% -978.19%
Other Assets $156.3K $6.120M $2.804M
YoY Change -94.43% -27.66% 4.35%
Total Long-Term Assets $13.01M $13.01M $15.31M
YoY Change -15.05% -15.02% -2.45%
TOTAL ASSETS
Total Short-Term Assets $25.92M $25.92M $21.84M
Total Long-Term Assets $13.01M $13.01M $15.31M
Total Assets $38.93M $38.93M $37.15M
YoY Change 4.78% 4.79% 4.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $502.3K $500.0K $645.5K
YoY Change -22.19% -23.08% 59.57%
Accrued Expenses $850.0K $850.0K $780.0K
YoY Change 8.97% 8.97% 23.81%
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 $2.378M $2.380M $1.967M
YoY Change 20.9% 20.81% 42.32%
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 $2.378M $2.380M $1.967M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.380M $2.380M $1.970M
YoY Change 20.81% 20.81% 42.75%
SHAREHOLDERS EQUITY
Retained Earnings $34.58M $33.32M
YoY Change 3.78% 2.29%
Common Stock $11.18M $536.5K
YoY Change 1983.98% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.490M $9.545M
YoY Change -0.58% 0.0%
Treasury Stock Shares 1.301M shares 1.308M shares
Shareholders Equity $36.55M $36.55M $35.18M
YoY Change
Total Liabilities & Shareholders Equity $38.93M $38.93M $37.15M
YoY Change 4.78% 4.79% 4.15%

Cashflow Statement

Concept 2014 Q4 2014 2013 Q4
OPERATING ACTIVITIES
Net Income $620.0K $1.258M $670.0K
YoY Change -7.46% 68.37% 509.09%
Depreciation, Depletion And Amortization $20.00K $95.84K $10.00K
YoY Change 100.0% -6.92% -50.0%
Cash From Operating Activities $1.650M $4.040M $710.0K
YoY Change 132.39% 22.51% -186.59%
INVESTING ACTIVITIES
Capital Expenditures $20.00K $321.5K -$70.00K
YoY Change -128.57% 366.82%
Acquisitions
YoY Change
Other Investing Activities -$20.00K -$110.0K -$30.00K
YoY Change -33.33% 0.0% -75.0%
Cash From Investing Activities -$10.00K -$430.0K -$90.00K
YoY Change -88.89% 136.52% -18.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.00K 50.00K
YoY Change
NET CHANGE
Cash From Operating Activities 1.650M 4.040M 710.0K
Cash From Investing Activities -10.00K -430.0K -90.00K
Cash From Financing Activities 20.00K 50.00K
Net Change In Cash 1.660M 3.660M 620.0K
YoY Change 167.74% 17.46% -166.67%
FREE CASH FLOW
Cash From Operating Activities $1.650M $4.040M $710.0K
Capital Expenditures $20.00K $321.5K -$70.00K
Free Cash Flow $1.630M $3.719M $780.0K
YoY Change 108.97% 15.16% -195.12%

Facts In Submission

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PrepaidExpenseAndOtherAssetsCurrent
286990
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14116412
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
1487366
CY2014Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
2751663
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7502889
CY2014Q4 us-gaap Short Term Investments
ShortTermInvestments
496444
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
508634
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
167930
CY2014Q4 nobh Pre Owned Homes
PreOwnedHomes
6322483
CY2014Q4 nobh Deferred Tax Liabilities Income Taxes Recoverable
DeferredTaxLiabilitiesIncomeTaxesRecoverable
29598
CY2014Q4 nobh Pre Owned Homes Current
PreOwnedHomesCurrent
2839203
CY2014Q4 nobh Pre Owned Homes Inventory Net Of Impairment Reserve
PreOwnedHomesInventoryNetOfImpairmentReserve
4550203
CY2014Q4 nobh Deferred Tax Liabilities Amortization
DeferredTaxLiabilitiesAmortization
58810
CY2014Q4 nobh Mortgage Notes Receivable Current
MortgageNotesReceivableCurrent
7126
CY2014Q4 nobh Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
33288
CY2014Q4 nobh Mortgage Notes Receivable Long Term
MortgageNotesReceivableLongTerm
180800
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2765781
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
34800 shares
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P1Y
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0000072205
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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>
CY2015 dei Entity Registrant Name
EntityRegistrantName
NOBILITY HOMES INC
CY2015 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015 us-gaap Fiscal Period
FiscalPeriod
<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 October&#xA0;31, 2015 and November&#xA0;1, 2014 each consisted of fifty-two week periods.</p> </div>
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
360844
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4053362 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.91
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4052865 shares
CY2015 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-5629
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
539190
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
2941452
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
503165
CY2015 us-gaap Gross Profit
GrossProfit
6135375
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
57698
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-10-31
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <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>
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2000 shares
CY2015 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06 pure
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
109749
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
975312
CY2015 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
351988
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
796454
CY2015 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-33866
CY2015 dei Trading Symbol
TradingSymbol
NOBH
CY2015 us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b><i>Revenues by Products and Services</i></b> &#x2013; Revenues by net sales from manufactured housing, pre-owned homes, and insurance agent commissions for the years ended October&#xA0;31, 2015 and November&#xA0;1, 2014 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">2015</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">2014</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">$</td> <td valign="bottom" align="right">25,904,715</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">17,814,751</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="8"></td> <td height="8" colspan="4"></td> <td height="8" colspan="4"></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</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,721,072</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">3,133,153</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"> Insurance agent commissions</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">211,017</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">204,355</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">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">27,836,804</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">21,152,259</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 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2015 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1M21D
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
117976
CY2015 us-gaap Net Income Loss
NetIncomeLoss
2915395
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15820
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
27836804
CY2015 us-gaap Gain Loss On Sale Of Interest In Projects
GainLossOnSaleOfInterestInProjects
-146403
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2881529
CY2015 us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
20000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3051201
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
59985
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
135806
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
9287
CY2015 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
326988
CY2015 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
70071
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1105489
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-43094
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
189333
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
360844
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2652880
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-975312
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
232123
CY2015 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
431
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-345024
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
500000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
130177
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15820
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9000
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
6045
CY2015 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
399908
CY2015 us-gaap Advertising Expense
AdvertisingExpense
243000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5629
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5629
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1037408
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3193923
CY2015 us-gaap Cost Of Goods Sold
CostOfGoodsSold
21701429
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
202208
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
75000
CY2015 us-gaap Depreciation
Depreciation
110169
CY2015 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
294773
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
110759
CY2015 nobh Percentage Of Collateral Value For Pool Of Loan Securing Note
PercentageOfCollateralValueForPoolOfLoanSecuringNote
1.00 pure
CY2015 nobh Increase Decrease In Inventory Holding Costs
IncreaseDecreaseInInventoryHoldingCosts
141468
CY2015 nobh Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
150332
CY2015 nobh Income Tax Expense Benefit For Tax Positions More Likely Than Not
IncomeTaxExpenseBenefitForTaxPositionsMoreLikelyThanNot
0
CY2015 nobh Pre Owned Homes Sold
PreOwnedHomesSold
1738408
CY2015 nobh Guarantee Obligations Principal Balance Of Pool Of Loans Percentage
GuaranteeObligationsPrincipalBalanceOfPoolOfLoansPercentage
0.80 pure
CY2015 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
9287
CY2015 nobh Pre Owned Homes Purchased
PreOwnedHomesPurchased
932197
CY2015 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
138469
CY2015 nobh Percentage Of Joint Venture Loan Guaranteed By Company
PercentageOfJointVentureLoanGuaranteedByCompany
0.50 pure
CY2015 nobh Increase Decrease In Pre Owned Homes
IncreaseDecreaseInPreOwnedHomes
-384039
CY2015 nobh Standard Product Warranty Period
StandardProductWarrantyPeriod
P12M
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258001
CY2015 nobh Increase Decrease In Impairment Reserve
IncreaseDecreaseInImpairmentReserve
-52297
CY2015 nobh Minimum Percentage Of Likelihood Of Tax Benefit Being Realized Upon Settlement
MinimumPercentageOfLikelihoodOfTaxBenefitBeingRealizedUponSettlement
0.50 pure
CY2015 nobh Loan Loss Reserve As Percentage Of Portfolio
LoanLossReserveAsPercentageOfPortfolio
0.0119 pure
CY2015 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice
0
CY2015 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice
7.91
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
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4035721
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4060654 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.93
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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4059668 shares
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5875 shares
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
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321451
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1257898
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46603
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21152259
CY2014 us-gaap Increase Decrease In Income Taxes Receivable
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5964
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CY2014 us-gaap Operating Income Loss
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1311030
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472724
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4371546
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74377
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-49096
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489921
CY2014 us-gaap Standard Product Warranty Accrual Warranties Issued
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195819
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3650
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1299110
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OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
41212
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1261934
CY2014 us-gaap Investment Income Interest
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63137
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10000
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4036
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8091
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StandardProductWarrantyAccrualPayments
195819
CY2014 us-gaap Increase Decrease In Workers Compensation Liabilities
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150476
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489921
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-1681
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183631
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3647959
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376
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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46603
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0
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12500
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3650
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0
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46603
CY2014 us-gaap Allocated Share Based Compensation Expense
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8000
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
20773
CY2014 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-88072
CY2014 us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
0
CY2014 us-gaap Advertising Expense
AdvertisingExpense
262500
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4036
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4036
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
429057
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3060516
CY2014 us-gaap Cost Of Goods Sold
CostOfGoodsSold
16780713
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-143260
CY2014 us-gaap Stockholders Equity Other
StockholdersEquityOther
-12500
CY2014 us-gaap Depreciation
Depreciation
95843
CY2014 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
492036
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
45808
CY2014 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledInPeriod
17525 shares
CY2014 nobh Increase Decrease In Inventory Holding Costs
IncreaseDecreaseInInventoryHoldingCosts
211334
CY2014 nobh Pre Owned Homes Sold
PreOwnedHomesSold
3418543
CY2014 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageExercisePrice
17.30
CY2014 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
8091
CY2014 nobh Pre Owned Homes Purchased
PreOwnedHomesPurchased
525436
CY2014 nobh Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
116940
CY2014 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
134921
CY2014 nobh Increase Decrease In Pre Owned Homes
IncreaseDecreaseInPreOwnedHomes
-1953792
CY2014 nobh Increase Decrease In Inventory Impairment Reserve
IncreaseDecreaseInInventoryImpairmentReserve
691094
CY2014 nobh Increase Decrease In Impairment Reserve
IncreaseDecreaseInImpairmentReserve
36887
CY2014 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice
0

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