$NOBH
NOBILITY HOMES INC

2015 Q4 Form 10-K Financial Statement

#000119312517021492 Filed on January 27, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $8.490M $27.84M $6.180M
YoY Change 37.38% 31.6% 6.37%
Cost Of Revenue $6.630M $21.70M $4.720M
YoY Change 40.47% 29.32% 5.59%
Gross Profit $1.860M $6.135M $1.460M
YoY Change 27.4% 40.35% 8.15%
Gross Profit Margin 21.91% 22.04% 23.62%
Selling, General & Admin $790.0K $3.194M $830.0K
YoY Change -4.82% 4.36% 23.88%
% of Gross Profit 42.47% 52.06% 56.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.00K $110.2K $20.00K
YoY Change 100.0% 14.95% 100.0%
% of Gross Profit 2.15% 1.8% 1.37%
Operating Expenses $800.0K $3.194M $830.0K
YoY Change -3.61% 4.36% 25.76%
Operating Profit $1.060M $2.941M $630.0K
YoY Change 68.25% 124.36% -8.7%
Interest Expense $50.00K $52.05K -$40.00K
YoY Change -225.0% -143.38% 100.0%
% of Operating Profit 4.72% 1.77% -6.35%
Other Income/Expense, Net $20.00K $109.7K $30.00K
YoY Change -33.33% -323.54%
Pretax Income $1.140M $3.051M $620.0K
YoY Change 83.87% 141.79% -6.06%
Income Tax $130.0K $135.8K $0.00
% Of Pretax Income 11.4% 4.45% 0.0%
Net Earnings $1.010M $2.915M $620.0K
YoY Change 62.9% 131.77% -7.46%
Net Earnings / Revenue 11.9% 10.47% 10.03%
Basic Earnings Per Share $0.72
Diluted Earnings Per Share $250.0K $0.72 $152.7K
COMMON SHARES
Basic Shares Outstanding 4.053M shares
Diluted Shares Outstanding 4.053M shares

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.23M $17.23M $14.61M
YoY Change 17.93% 17.95% 33.79%
Cash & Equivalents $16.77M $16.77M $14.12M
Short-Term Investments $460.0K $462.6K $500.0K
Other Short-Term Assets $2.850M $2.848M $3.640M
YoY Change -21.7% -21.75% 15.19%
Inventory $6.020M $6.020M $5.517M
Prepaid Expenses
Receivables $2.938M $2.938M $2.141M
Other Receivables $10.00K $10.19K $10.00K
Total Short-Term Assets $29.05M $29.05M $25.92M
YoY Change 12.07% 12.07% 18.69%
LONG-TERM ASSETS
Property, Plant & Equipment $3.965M $3.965M $3.957M
YoY Change 0.2% 0.12% 6.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.240M $2.244M $2.750M
YoY Change -18.55% -18.41% -6.46%
Other Assets $156.3K $7.007M $156.3K
YoY Change 0.0% 14.49% -94.43%
Total Long-Term Assets $13.39M $13.39M $13.01M
YoY Change 2.95% 2.94% -15.05%
TOTAL ASSETS
Total Short-Term Assets $29.05M $29.05M $25.92M
Total Long-Term Assets $13.39M $13.39M $13.01M
Total Assets $42.44M $42.44M $38.93M
YoY Change 9.02% 9.02% 4.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $704.5K $704.5K $502.3K
YoY Change 40.26% 40.89% -22.19%
Accrued Expenses $1.320M $1.317M $850.0K
YoY Change 55.29% 54.92% 8.97%
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 $3.345M $3.345M $2.378M
YoY Change 40.66% 40.55% 20.9%
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 $3.345M $3.345M $2.378M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.345M $3.345M $2.380M
YoY Change 40.55% 40.55% 20.81%
SHAREHOLDERS EQUITY
Retained Earnings $37.49M $34.58M
YoY Change 8.43% 3.78%
Common Stock $11.19M $11.18M
YoY Change 0.06% 1983.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.832M $9.490M
YoY Change 3.61% -0.58%
Treasury Stock Shares 1.333M shares 1.301M shares
Shareholders Equity $39.10M $39.10M $36.55M
YoY Change
Total Liabilities & Shareholders Equity $42.44M $42.44M $38.93M
YoY Change 9.02% 9.02% 4.78%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income $1.010M $2.915M $620.0K
YoY Change 62.9% 131.77% -7.46%
Depreciation, Depletion And Amortization $40.00K $110.2K $20.00K
YoY Change 100.0% 14.95% 100.0%
Cash From Operating Activities $2.410M $2.766M $1.650M
YoY Change 46.06% -31.54% 132.39%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K $118.0K $20.00K
YoY Change -500.0% -63.3% -128.57%
Acquisitions
YoY Change
Other Investing Activities -$60.00K $350.1K -$20.00K
YoY Change 200.0% -418.27% -33.33%
Cash From Investing Activities -$130.0K $232.1K -$10.00K
YoY Change 1200.0% -153.98% -88.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $360.8K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -140.0K -345.0K 20.00K
YoY Change -800.0% -790.04%
NET CHANGE
Cash From Operating Activities 2.410M 2.766M 1.650M
Cash From Investing Activities -130.0K 232.1K -10.00K
Cash From Financing Activities -140.0K -345.0K 20.00K
Net Change In Cash 2.140M 2.653M 1.660M
YoY Change 28.92% -27.52% 167.74%
FREE CASH FLOW
Cash From Operating Activities $2.410M $2.766M $1.650M
Capital Expenditures -$80.00K $118.0K $20.00K
Free Cash Flow $2.490M $2.648M $1.630M
YoY Change 52.76% -28.79% 108.97%

Facts In Submission

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PercentageOfRetailContractPriceWithholdUnderCondition
0.20 pure
CY2016Q4 nobh Pre Owned Homes Current
PreOwnedHomesCurrent
1295694
CY2016Q4 nobh Mortgage Notes Receivable Long Term
MortgageNotesReceivableLongTerm
174270
CY2016Q4 nobh Percentage Of Retail Contract Price To Determine Down Payment By Customer
PercentageOfRetailContractPriceToDetermineDownPaymentByCustomer
0.35 pure
CY2016Q4 nobh Pre Owned Homes
PreOwnedHomes
4014119
CY2016Q4 nobh Pre Owned Homes Inventory Net Of Impairment Reserve
PreOwnedHomesInventoryNetOfImpairmentReserve
3029304
CY2016Q4 nobh Guarantee Obligations Note Payable Principal Amount
GuaranteeObligationsNotePayablePrincipalAmount
5000000
CY2016Q4 nobh Guarantee Obligations Maximum Limit Of Note Payable Principal Amount For Maturity
GuaranteeObligationsMaximumLimitOfNotePayablePrincipalAmountForMaturity
750000
CY2016Q4 nobh Collateral Value For Pool Of Loan Securing Note Payable By Joint Venture
CollateralValueForPoolOfLoanSecuringNotePayableByJointVenture
1762128
CY2016Q4 nobh Deferred Tax Liabilities Amortization
DeferredTaxLiabilitiesAmortization
58810
CY2016Q4 nobh Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
38050
CY2016Q4 nobh Number Of Sales And Distribution Centers Operated By Company
NumberOfSalesAndDistributionCentersOperatedByCompany
10 Retailer
CY2016Q4 nobh Minimum Down Payment By Retail Customer
MinimumDownPaymentByRetailCustomer
500
CY2016Q4 nobh Loan Loss Reserve
LoanLossReserve
210314
CY2016Q4 nobh Deferred Tax Liabilities Installment Sales Of Limited Partnerships
DeferredTaxLiabilitiesInstallmentSalesOfLimitedPartnerships
871277
CY2015 us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
20000
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 Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2652880
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1105489
CY2015 us-gaap Gain Loss On Sale Of Interest In Projects
GainLossOnSaleOfInterestInProjects
-146403
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
75000
CY2015 us-gaap Depreciation
Depreciation
110169
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2881529
CY2015 us-gaap Cost Of Goods Sold
CostOfGoodsSold
21701429
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
130177
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
27836804
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-43094
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
189333
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
109749
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
57698
CY2015 us-gaap Gross Profit
GrossProfit
6135375
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1037408
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-975312
CY2015 us-gaap Net Income Loss
NetIncomeLoss
2915395
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3051201
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
232123
CY2015 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-33866
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
6045
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
796454
CY2015 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
399908
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
500000
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
360844
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
202208
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
539190
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
503165
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
2941452
CY2015 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-5629
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-345024
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
59985
CY2015 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
351988
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
975312
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
135806
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2765781
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
110759
CY2015 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
294773
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
117976
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2000 shares
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
360844
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 Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15820
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
9287
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4053362 shares
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3193923
CY2015 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
431
CY2015 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
326988
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
34800 shares
CY2015 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
70071
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15820
CY2015 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodExercisePrice
0
CY2015 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice
7.91
CY2015 nobh Increase Decrease In Pre Owned Homes
IncreaseDecreaseInPreOwnedHomes
-384039
CY2015 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
138469
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 Increase Decrease In Inventory Impairment Reserve
IncreaseDecreaseInInventoryImpairmentReserve
258001
CY2015 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledInPeriod
0 shares
CY2015 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageExercisePrice
0
CY2015 nobh Increase Decrease In Impairment Reserve
IncreaseDecreaseInImpairmentReserve
-52297
CY2015 nobh Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
150332
CY2015 nobh Increase Decrease In Inventory Holding Costs
IncreaseDecreaseInInventoryHoldingCosts
141468
CY2015 nobh Pre Owned Homes Additions
PreOwnedHomesAdditions
932197
CY2015 nobh Pre Owned Homes Sales
PreOwnedHomesSales
1738408
CY2016 us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
20000
CY2016 dei Entity Registrant Name
EntityRegistrantName
NOBILITY HOMES INC
CY2016 us-gaap Advertising Expense
AdvertisingExpense
211000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
769463
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
769463
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0000072205
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-11-05
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
7793346
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1500
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2449579
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--11-05
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
CY2016 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>
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
271583
CY2016 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06 pure
CY2016 us-gaap Depreciation
Depreciation
98616
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.48
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5983641
CY2016 us-gaap Cost Of Goods Sold
CostOfGoodsSold
26117155
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0
CY2016 us-gaap Fiscal Period
FiscalPeriod
<p><strong><em><font size="2">Fiscal Year</font></em></strong><i style="FONT-SIZE: 13px; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); WIDOWS: 1; LETTER-SPACING: normal; LINE-HEIGHT: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">&#xA0;&#x2013;&#xA0;</i>The Company&#x2019;s fiscal year ends on the first Saturday on or after October&#xA0;31. The year ended November&#xA0;5, 2016 (fiscal year 2016) consisted of a fifty-three week period and the year ended October&#xA0;31, 2015 (fiscal year 2015) consisted of a&#xA0;<font style="WHITE-SPACE: nowrap; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(0,0,0); FONT: 13px 'Times New Roman'; WIDOWS: 1; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">fifty-two</font>week period.</p>
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2449579
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
34053290
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
759128
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-82489
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
188416
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5030437
CY2016 us-gaap Gross Profit
GrossProfit
7936135
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
829002
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4000 shares
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3122640
CY2016 us-gaap Net Income Loss
NetIncomeLoss
5965194
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9184236
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15297
CY2016 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3990000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
1464064
CY2016 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
18447
CY2016 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
500000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-296159
CY2016 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
197494
CY2016 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1000005
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
458276
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.10
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-419416
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-32098
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10000
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
112802
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
130812
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-187241
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
949376
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
4153799
CY2016 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-335
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
501039
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3219042
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6748698
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
253435
CY2016 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
48376
CY2016 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
382934
CY2016 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 <font style="WHITE-SPACE: nowrap">pre-owned</font> 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>
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
458276
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4022083 shares
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3782336
CY2016 dei Trading Symbol
TradingSymbol
NOBH
CY2016 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
3508
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
476039
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
32375 shares
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.72
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4021019 shares
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
38860
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
38860
CY2016 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
960000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
5000 shares
CY2016 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
6530
CY2016 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, <font style="WHITE-SPACE: nowrap">pre-owned</font> homes, and insurance agent commissions for the years ended November&#xA0;5, 2016 and October&#xA0;31, 2015 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">2016</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">2015</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Manufactured housing</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">32,189,695</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">25,904,715</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <font style="WHITE-SPACE: nowrap">Pre-owned</font> homes</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,628,336</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">1,721,072</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Insurance agent commissions</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">235,259</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">211,017</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="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total net sales</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">34,053,290</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">27,836,804</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
CY2016 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
292242
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2016 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodExercisePrice
0
CY2016 nobh Increase Decrease In Pre Owned Homes
IncreaseDecreaseInPreOwnedHomes
-790277
CY2016 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
123772
CY2016 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
6530
CY2016 nobh Percentage Of Collateral Value For Pool Of Loan Securing Note
PercentageOfCollateralValueForPoolOfLoanSecuringNote
1.00 pure
CY2016 nobh Guarantee Obligations Principal Balance Of Pool Of Loans Percentage
GuaranteeObligationsPrincipalBalanceOfPoolOfLoansPercentage
0.80 pure
CY2016 nobh Income Tax Expense Benefit For Tax Positions More Likely Than Not
IncomeTaxExpenseBenefitForTaxPositionsMoreLikelyThanNot
0
CY2016 nobh Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice
12.10
CY2016 nobh Percentage Of Joint Venture Loan Guaranteed By Company
PercentageOfJointVentureLoanGuaranteedByCompany
0.50 pure
CY2016 nobh Increase Decrease In Inventory Impairment Reserve
IncreaseDecreaseInInventoryImpairmentReserve
568797
CY2016 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledInPeriod
0 shares
CY2016 nobh Standard Product Warranty Period
StandardProductWarrantyPeriod
P12M
CY2016 nobh Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageExercisePrice
0
CY2016 nobh Minimum Percentage Of Likelihood Of Tax Benefit Being Realized Upon Settlement
MinimumPercentageOfLikelihoodOfTaxBenefitBeingRealizedUponSettlement
0.50 pure
CY2016 nobh Pre Owned Homes Additions
PreOwnedHomesAdditions
407221
CY2016 nobh Pre Owned Homes Sales
PreOwnedHomesSales
1909374
CY2016 nobh Increase Decrease In Impairment Reserve
IncreaseDecreaseInImpairmentReserve
-271583
CY2016 nobh Loan Loss Reserve As Percentage Of Portfolio
LoanLossReserveAsPercentageOfPortfolio
0.0177 pure
CY2016 nobh Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
170447
CY2016 nobh Increase Decrease In Inventory Holding Costs
IncreaseDecreaseInInventoryHoldingCosts
143079
CY2016 nobh Earnings From Finance Revenue Sharing Escrow Agreement
EarningsFromFinanceRevenueSharingEscrowAgreement
788566
CY2016 nobh Note Receivable Acquired From Sale Of Investment In Retirement Community
NoteReceivableAcquiredFromSaleOfInvestmentInRetirementCommunity
3030000
CY2016 nobh Income Tax Reconciliation Manufacturing And Other Deduction
IncomeTaxReconciliationManufacturingAndOtherDeduction
-74544

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