Nobility Homes (NOBH) 10-Q 3 Jul 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	May 04, 2024	Jul. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Transition Report	false
Document Quarterly Report	true
Amendment Flag	false
Document Period End Date	May 04, 2024
Entity Registrant Name	NOBILITY HOMES, INC.
Entity Central Index Key	0000072205
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Trading Symbol	NOBH
Current Fiscal Year End Date	--11-05
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,268,829
Securities Act File Number	000-06506
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	3741 S.W. 7th Street
Entity Address, City or Town	Ocala
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34474
City Area Code	352
Local Phone Number	732-5157
Title of 12(b) Security	Common Stock
Entity Interactive Data Current	Yes
Entity Tax Identification Number	59-1166102

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	May 04, 2024	Nov. 04, 2023
Current assets:
Cash and cash equivalents	$ 10,659,825	$ 13,879,358
Certificates of deposit	12,239,189	10,204,287
Short-term investments at fair value	629,442	527,899
Accounts receivable - trade	2,080,220	2,864,808
Mortgage notes receivable	4,008	4,391
Inventories	21,205,417	21,518,098
Prepaid expenses and other current assets	1,689,041	1,733,179
Total current assets	48,507,142	50,732,020
Property, plant and equipment, net	8,334,042	8,268,976
Mortgage notes receivable, less current portion	142,971	142,761
Other investments	395,019	1,953,199
Property held for resale	26,590	26,590
Deferred income taxes	113,512	90,274
Cash surrender value of life insurance	4,419,709	4,331,659
Other assets	156,287	156,287
Total assets	62,095,272	65,701,766
Current liabilities:
Accounts payable	1,049,103	819,143
Accrued compensation	901,237	992,622
Accrued expenses and other current liabilities	1,219,843	1,809,335
Income taxes payable	696,188	661,261
Customer deposits	5,969,271	8,703,107
Total current liabilities	9,835,642	12,985,468
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.10 par value, 500,000 shares authorized; none issued and outstanding	0	0
Common stock, $.10 par value, 10,000,000 shares authorized; 5,364,907 shares issued; 3,268,829 and 3,269,075 shares outstanding, respectively	536,491	536,491
Additional paid in capital	11,050,660	10,964,985
Retained earnings	70,430,917	70,969,764
Less treasury stock at cost, 2,096,078 and 2,095,832 shares, respectively	(29,758,438)	(29,754,942)
Total stockholders' equity	52,259,630	52,716,298
Total liabilities and stockholders' equity	$ 62,095,272	$ 65,701,766

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	May 04, 2024	Nov. 04, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.1	$ 0.1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.1	$ 0.1
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	5,364,907	5,364,907
Common Stock, shares outstanding	3,268,829	3,269,075
Treasury Stock, Shares	2,096,078	2,095,832

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($)	3 Months Ended		6 Months Ended
	May 04, 2024	May 06, 2023	May 04, 2024	May 06, 2023
Income Statement [Abstract]
Net sales	$ 11,527,978	$ 16,779,597	$ 26,295,976	$ 33,944,350
Cost of sales	(7,359,584)	(10,826,286)	(17,393,236)	(22,119,443)
Gross profit	4,168,394	5,953,311	8,902,740	11,824,907
Selling, general and administrative expenses	(1,911,380)	(2,215,198)	(3,943,710)	(4,250,675)
Operating income	2,257,014	3,738,113	4,959,030	7,574,232
Other income (expense):
Interest income	219,861	169,982	517,860	310,015
Undistributed earnings in joint venture - Majestic 21	20,535	25,622	42,709	48,448
Proceeds received under escrow arrangement	99,816	94,165	99,816	94,165
Increase (decrease) in fair value of equity investment	50,744	(111,075)	101,543	(129,017)
Miscellaneous	74,587	18,590	125,128	26,362
Total other income	465,543	197,284	887,056	349,973
Income before provision for income taxes	2,722,557	3,935,397	5,846,086	7,924,205
Income tax expense	(696,598)	(1,076,548)	(1,481,690)	(2,008,389)
Net income	$ 2,025,959	$ 2,858,849	$ 4,364,396	$ 5,915,816
Net income per share:
Basic	3,268,829	3,370,157	3,268,829	3,370,534
Diluted	3,277,920	3,373,036	3,279,719	3,372,417
Basic	$ 0.62	$ 0.85	$ 1.34	$ 1.76
Diluted	$ 0.62	$ 0.85	$ 1.33	$ 1.75

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]
Balance at Nov. 05, 2022	$ 47,923,533	$ 536,491	$ 10,849,687	$ 63,441,812	$ (26,904,457)
Balance, shares at Nov. 05, 2022		3,370,912
Stock-based compensation	34,989		34,989
Net Income (Loss)	3,056,967			3,056,967
Balance at Feb. 04, 2023	51,015,489	$ 536,491	10,884,676	66,498,779	(26,904,457)
Balance, shares at Feb. 04, 2023		3,370,912
Balance at Nov. 05, 2022	47,923,533	$ 536,491	10,849,687	63,441,812	(26,904,457)
Balance, shares at Nov. 05, 2022		3,370,912
Net Income (Loss)	5,915,816
Balance at May. 06, 2023	50,468,822	$ 536,491	10,906,313	65,986,716	(26,960,698)
Balance, shares at May. 06, 2023		3,368,829
Balance at Feb. 04, 2023	51,015,489	$ 536,491	10,884,676	66,498,779	(26,904,457)
Balance, shares at Feb. 04, 2023		3,370,912
Cash dividend	(3,370,912)			(3,370,912)
Treasury stock purchase	(56,241)				(56,241)
Treasury stock purchase, shares		(2,083)
Stock-based compensation	21,637		21,637
Net Income (Loss)	2,858,849			2,858,849
Balance at May. 06, 2023	50,468,822	$ 536,491	10,906,313	65,986,716	(26,960,698)
Balance, shares at May. 06, 2023		3,368,829
Balance at Nov. 04, 2023	52,716,298	$ 536,491	10,964,985	70,969,764	(29,754,942)
Balance, shares at Nov. 04, 2023		3,269,075
Stock-based compensation	33,220		36,716		(3,496)
Stock-based compensation, shares		(246)
Net Income (Loss)	2,338,437			2,338,437
Balance at Feb. 03, 2024	55,087,955	$ 536,491	11,001,701	73,308,201	(29,758,438)
Balance, shares at Feb. 03, 2024		3,268,829
Balance at Nov. 04, 2023	52,716,298	$ 536,491	10,964,985	70,969,764	(29,754,942)
Balance, shares at Nov. 04, 2023		3,269,075
Net Income (Loss)	4,364,396
Balance at May. 04, 2024	52,259,630	$ 536,491	11,050,660	70,430,917	(29,758,438)
Balance, shares at May. 04, 2024		3,268,829
Balance at Feb. 03, 2024	55,087,955	$ 536,491	11,001,701	73,308,201	(29,758,438)
Balance, shares at Feb. 03, 2024		3,268,829
Cash dividend	(4,903,243)			(4,903,243)
Stock-based compensation	48,959		48,959
Net Income (Loss)	2,025,959			2,025,959
Balance at May. 04, 2024	$ 52,259,630	$ 536,491	$ 11,050,660	$ 70,430,917	$ (29,758,438)
Balance, shares at May. 04, 2024		3,268,829

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	May 04, 2024	May 06, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividend per common share	$ 1.5	$ 1

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	May 04, 2024	May 06, 2023
Cash flows from operating activities:
Net income	$ 4,364,396	$ 5,915,816
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	78,510	78,558
Deferred income taxes	(23,238)	(82,697)
Undistributed earnings in joint venture - Majestic 21	(42,709)	(48,448)
Return on investment in joint venture-Majestic 21	1,600,889	0
(Increase) decrease in fair market value of equity investments	(101,543)	129,017
Stock-based compensation	82,179	56,626
Decrease (increase) in:
Accounts receivable - trade	784,588	300,075
Inventories	312,681	127,829
Prepaid expenses and other current assets	44,138	448,989
Interest receivable	(261,300)	(95,399)
(Decrease) increase in:
Accounts payable	229,960	114,845
Accrued compensation	(91,385)	103,268
Accrued expenses and other current liabilities	(589,492)	(68,644)
Income taxes payable	34,927	766,086
Customer deposits	(2,733,836)	(1,440,267)
Net cash provided by operating activities	3,688,765	6,305,654
Cash flows from investing activities:
Purchase of property, plant and equipment	(143,576)	(399,668)
Purchase certificates of deposit	(5,304,000)	(4,360,000)
Purchase of property held for resale	0	(26,590)
Proceeds from certificates of deposit	3,392,000	486,000
Collections on interest receivable	138,398	11,932
Collections on mortgage notes receivable	173	277
Collections on equipment and other notes receivable	0	11,418
Increase in cash surrender value of life insurance	(88,050)	(88,050)
Net cash used in investing activities	(2,005,055)	(4,364,681)
Cash flows from financing activities:
Payment of cash dividend	(4,903,243)	(3,370,912)
Purchase of treasury stock	0	(56,241)
Net cash used in financing activities	(4,903,243)	(3,427,153)
Decrease in cash and cash equivalents	(3,219,533)	(1,486,180)
Cash and cash equivalents at beginning of period	13,879,358	16,653,449
Cash and cash equivalents at end of period	10,659,825	15,167,269
Supplemental financing activity:
Income taxes paid	$ 1,470,000	$ 1,325,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
	May 04, 2024	Feb. 03, 2024	May 06, 2023	Feb. 04, 2023	May 04, 2024	May 06, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 2,025,959	$ 2,338,437	$ 2,858,849	$ 3,056,967	$ 4,364,396	$ 5,915,816

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	May 04, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Accou

Basis of Presentation and Accounting Policies	6 Months Ended
	May 04, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Accounting Policies	Note 1 Basis of Presentation and Accounting Policies The accompanying unaudited condensed consolidated financial statements for the three and six months ended May 4, 2024 and May 6, 2023 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. The unaudited financial information included in this report includes all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods. The results of operations for the three and six months ended May 4, 2024, are not necessarily indicative of the results of the full fiscal year. The condensed consolidated financial statements included in this report should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended November 4, 2023.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	May 04, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Issued Accounting Standards	Note 2 Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016 - 13, "Financial Instruments - Credit Losses," which introduced new guidance for an approach based on expected losses to estimate credit losses on certain types of financial instruments. This standard was effective for the Company as of November 5, 2023. There was no impact on our financial statements at adoption.

Inventories

Inventories	6 Months Ended
	May 04, 2024
Inventory Disclosure [Abstract]
Inventories	Note 3 Inventories New home inventory is carried at a lower of cost or net realizable value. The cost of finished home inventories determined on the specific identification method is removed from inventories and recorded as a component of cost of sales at the time revenue is recognized. In addition, an allocation of depreciation and amortization is included in the cost of goods sold. Under the specific identification method, if finished home inventory can be sold for a profit there is no basis to write down the inventory below the lower of cost or net realizable value. Other pre-owned homes are acquired (Repossessions Inventory) as a convenience to the Company’s joint venture partner, 21st Mortgage Corporation. This inventory has been repossessed by 21st Mortgage Corporation. The Company acquired this inventory at the amount of the uncollected balance of the financing at the time of the repossessions by 21st Mortgage Corporation. The Company records this inventory at a cost determined by the specific identification method. All of the refurbishment costs are paid by 21st Mortgage Corporation. This arrangement assists 21st Mortgage Corporation with liquidation of their repossessed inventory. The timing of these repurchases by the Company is unpredictable as it is based on the repossessions 21st Mortgage Corporation incurs in the portfolio. When the home is sold, the Company retains the cost of the home, an interest factor on the cost of the home and a sales commission, from the sales proceeds. Any additional proceeds are paid to 21st Mortgage. Any shortfall from the proceeds to cover these amounts is paid by 21st Mortgage to the Company. As the Company has no risk of loss on the sale, there is no valuation allowance necessary for Repossessions Inventory. Inventory held at consignment locations by affiliated entities is included in the Company’s inventory on the Company’s condensed consolidated balance sheets. Pre-owned homes are also taken as trade-ins on new home sales (Trade-in Inventory). This inventory is recorded at estimated actual wholesale value, which is generally lower than market value, determined on the specific identification method, plus refurbishment costs incurred to date to bring the inventory to a more saleable state. The Trade-in Inventory amount is reduced where necessary on a unit specific basis by a valuation reserve, which management believes results in inventory being valued at net realizable value. Other inventory costs are determined on a first-in, first-out basis. A breakdown of the elements of inventory at May 4, 2024 and November 4, 2023 is as follows: May 4, November 4, 2024 2023 (Unaudited) Raw materials $ 1,278,423 $ 1,203,672 Work-in-process 145,192 146,969 Finished homes - Nobility 11,479,869 10,144,045 Finished homes - Other 7,114,073 8,817,086 Pre-owned homes 873,113 947,457 Model home furniture 314,747 258,869 Inventories $ 21,205,417 $ 21,518,098

Short-term Investments

Short-term Investments	6 Months Ended
	May 04, 2024
Investments, Debt and Equity Securities [Abstract]
Short-term Investments	Note 4 Short-term Investments The following is a summary of short-term investments (available for sale): May 4, 2024 (Unaudited) Cost Gross Gross Estimated Equity securities in a public company $ 167,930 $ 461,512 $ — $ 629,442 November 4, 2023 Cost Gross Gross Estimated Equity securities in a public company $ 167,930 $ 359,969 $ — $ 527,899 The fair values were estimated based on quoted market prices in active markets at each respective period end.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	May 04, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 5 Fair Value of Financial Instruments The carrying amount of cash and cash equivalents, accounts and notes receivable, accounts payable, customer deposits and accrued expenses approximate fair value because of the short maturity of those instruments. The Company accounts for the fair value of financial investments in accordance with FASB Accounting Standards Codification (ASC) No. 820 “Fair Value Measurements” (ASC 820). ASC 820 defines fair value as the price that would be received upon the sale of an asset or paid to transfer a liability (i.e. exit price) in an orderly transaction between market participants at the measurement date. ASC 820 requires disclosures that categorize assets and liabilities measured at fair value into one of three different levels depending on the assumptions (i.e. inputs) used in the valuation. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. The ASC 820 fair value hierarchy is defined as follows: • Level 1 - Valuations are based on unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2 - Valuations are based on quoted prices for similar assets or liabilities in active markets, or quoted prices in markets that are not active for which significant inputs are observable, either directly or indirectly. • Level 3 - Valuations are based on prices or valuation techniques that require inputs that are both observable and significant to the overall fair value measurement. Inputs reflect management’s best estimate of what market participants would use in valuing the asset or liability at the measurement date. The following tables represent the Company’s financial assets and liabilities which are carried at fair value. May 4, 2024 (Unaudited) Level 1 Level 2 Level 3 Equity securities in a public company $ 629,442 $ — $ — November 4, 2023 Level 1 Level 2 Level 3 Equity securities in a public company $ 527,899 $ — $ —

Net Income per Share

Net Income per Share	6 Months Ended
	May 04, 2024
Earnings Per Share [Abstract]
Net Income per Share	Note 6 Net Income per Share These condensed consolidated financial statements include “basic” and “diluted” net income per share information for all periods presented. The basic net income per share is calculated by dividing net income by the weighted-average number of shares outstanding. The diluted net income per share is calculated by dividing net income by the weighted-average number of shares outstanding, adjusted for dilutive common shares, which are the result of outstanding stock options.

Revenues by Products and Servic

Revenues by Products and Services	6 Months Ended
	May 04, 2024
Segment Reporting [Abstract]
Revenues by Products and Services	Note 7 Revenues by Products and Services The Company operates in one business segment, which is manufactured housing and ancillary services. Revenues by net sales from manufactured housing homes and insurance agent commissions are as follows: (Unaudited) (Unaudited) Three Months Ended Six Months Ended May 4, May 6, May 4, May 6, 2024 2023 2024 2023 Manufactured housing Homes sold through Company owned sales $ 10,475,686 $ 15,560,679 $ 23,108,819 $ 30,839,888 Homes sold to independent dealers and 958,396 1,125,730 3,015,977 2,935,665 11,434,082 16,686,409 26,124,796 33,775,553 Insurance agent commissions 93,896 93,188 171,180 168,797 Total net sales $ 11,527,978 $ 16,779,597 $ 26,295,976 $ 33,944,350

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	May 04, 2024
Inventory Disclosure [Abstract]
Summary of Breakdown of Elements of Inventory	A breakdown of the elements of inventory at May 4, 2024 and November 4, 2023 is as follows: May 4, November 4, 2024 2023 (Unaudited) Raw materials $ 1,278,423 $ 1,203,672 Work-in-process 145,192 146,969 Finished homes - Nobility 11,479,869 10,144,045 Finished homes - Other 7,114,073 8,817,086 Pre-owned homes 873,113 947,457 Model home furniture 314,747 258,869 Inventories $ 21,205,417 $ 21,518,098

Short-term Investments (Tables)

Short-term Investments (Tables)	6 Months Ended
	May 04, 2024
Investments, Debt and Equity Securities [Abstract]
Summary of Short-term Investments	The following is a summary of short-term investments (available for sale): May 4, 2024 (Unaudited) Cost Gross Gross Estimated Equity securities in a public company $ 167,930 $ 461,512 $ — $ 629,442 November 4, 2023 Cost Gross Gross Estimated Equity securities in a public company $ 167,930 $ 359,969 $ — $ 527,899

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	May 04, 2024
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	The following tables represent the Company’s financial assets and liabilities which are carried at fair value. May 4, 2024 (Unaudited) Level 1 Level 2 Level 3 Equity securities in a public company $ 629,442 $ — $ — November 4, 2023 Level 1 Level 2 Level 3 Equity securities in a public company $ 527,899 $ — $ —

Revenues by Products and Serv_2

Revenues by Products and Services (Tables)	6 Months Ended
	May 04, 2024
Segment Reporting [Abstract]
Revenues by Net Sales	Revenues by net sales from manufactured housing homes and insurance agent commissions are as follows: (Unaudited) (Unaudited) Three Months Ended Six Months Ended May 4, May 6, May 4, May 6, 2024 2023 2024 2023 Manufactured housing Homes sold through Company owned sales $ 10,475,686 $ 15,560,679 $ 23,108,819 $ 30,839,888 Homes sold to independent dealers and 958,396 1,125,730 3,015,977 2,935,665 11,434,082 16,686,409 26,124,796 33,775,553 Insurance agent commissions 93,896 93,188 171,180 168,797 Total net sales $ 11,527,978 $ 16,779,597 $ 26,295,976 $ 33,944,350

Inventories - Summary of Breakd

Inventories - Summary of Breakdown of Elements of Inventory (Detail) - USD ($)	May 04, 2024	Nov. 04, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 1,278,423	$ 1,203,672
Work-in-process	145,192	146,969
Finished homes – Nobility	11,479,869	10,144,045
Finished homes – Other	7,114,073	8,817,086
Pre-owned homes	873,113	947,457
Model home furniture	314,747	258,869
Inventories	$ 21,205,417	$ 21,518,098

Short-term Investments - Summar

Short-term Investments - Summary of Short-term Investments (Detail) - USD ($)	May 04, 2024	Nov. 04, 2023
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities, Amortized Cost	$ 167,930	$ 167,930
Available-for-sale Securities, Gross Unrealized Gains	461,512	359,969
Available-for-sale Securities, Gross Unrealized Losses	0	0
Short-term investments	$ 629,442	$ 527,899

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - USD ($)	May 04, 2024	Nov. 04, 2023
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Equity securities in a public company	$ 629,442	$ 527,899
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Equity securities in a public company	629,442	527,899
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Equity securities in a public company	0	0
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Equity securities in a public company	$ 0	$ 0

Revenues by Products and Serv_3

Revenues by Products and Services - Revenues by Net Sales (Detail) - USD ($)	3 Months Ended		6 Months Ended
	May 04, 2024	May 06, 2023	May 04, 2024	May 06, 2023
Sales Information [Line Items]
Total net sales	$ 11,527,978	$ 16,779,597	$ 26,295,976	$ 33,944,350
Manufactured Housing [Member]
Sales Information [Line Items]
Total net sales	11,434,082	16,686,409	26,124,796	33,775,553
Manufactured Housing [Member] | Homes sold through Company owned sales centers [Member]
Sales Information [Line Items]
Total net sales	10,475,686	15,560,679	23,108,819	30,839,888
Manufactured Housing [Member] | Homes sold to independent dealers and through manufactured home parks, net [Member]
Sales Information [Line Items]
Total net sales	958,396	1,125,730	3,015,977	2,935,665
Insurance Agent Commissions [Member]
Sales Information [Line Items]
Total net sales	$ 93,896	$ 93,188	$ 171,180	$ 168,797