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Note 3 - Summary of Significant Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2014
Accounting Policies [Abstract]  
Schedule Of Real Estate Inventory Capitalized Interest Costs [Table Text Block]
   

Year Ended

 

(Dollars in thousands)

 

October 31, 2014

   

October 31, 2013

   

October 31, 2012

 

Interest capitalized at beginning of year

  $105,093     $116,056     $121,441  

Plus interest incurred(1)

  145,409     132,611     147,048  

Less cost of sales interest expensed

  53,966     52,230     54,538  

Less other interest expensed(2)(3)

  87,378     91,344     97,895  

Interest capitalized at end of year(4)

  $109,158     $105,093     $116,056  

(1)

Data does not include interest incurred by our mortgage and finance subsidiaries.

(2)

Other interest expensed is comprised of interest that does not qualify for capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt. Interest on completed homes and land in planning which does not qualify for capitalization is expensed.

(3)

Cash paid for interest, net of capitalized interest is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest, which is calculated as follows:

(4)

Capitalized interest amounts are shown gross before allocating any portion of inventory impairments to capitalized interest.

Cash Paid for Interest, Net of Capitalized Interest [Table Text Block]
   

Year Ended

 

(Dollars in thousands)

 

October 31, 2014

   

October 31, 2013

   

October 31, 2012

 

Other interest expensed

  $87,378     $91,344     $97,895  

Interest paid by our mortgage and finance subsidiaries

  1,969     2,975     2,433  

(Increase) decrease in accrued interest

  (3,961 )   (8,062 )   1,132  

Cash paid for interest, net of capitalized interest

  $85,386     $86,257     $101,460