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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Homebuilding [Member]        
Sale of homes $ 626,157 $ 455,172 $ 1,182,932 $ 888,643
Land sales and other revenues 11,563 1,320 12,167 2,441
Total homebuilding 637,720 456,492 1,195,099 891,084
Total revenues 637,792 456,531 1,195,191 891,159
Cost of sales, excluding interest 536,050 382,139 1,000,196 736,951
Cost of sales interest 21,444 12,013 38,287 23,331
Inventory impairment loss and land option write-offs 9,669 4,311 21,350 6,541
Total cost of sales 567,163 398,463 1,059,833 766,823
Selling, general and administrative 56,371 52,614 103,875 100,260
Total homebuilding expenses 623,534 451,077 1,163,708 867,083
Total expenses 661,363 492,388 1,240,467 951,917
Loss before income taxes 1,283 1,077 9,647 14,608
Financial Services [Member]        
Financial services revenue 17,003 12,457 35,229 23,579
Total revenues 17,003 12,457 35,229 23,579
Financial services 9,618 7,508 17,833 14,825
Total expenses 9,618 7,508 17,833 14,825
Loss before income taxes 7,385 4,949 17,396 8,754
State and Local Jurisdiction [Member]        
Income Tax Expense (Benefit) (758) (414) 3,561 2,718
Domestic Tax Authority [Member]        
Income Tax Expense (Benefit) (8,385) (9,508) (9,725) (17,944)
Total revenues 654,723 468,949 1,230,328 914,663
Inventory impairment loss and land option write-offs     21,350 6,541
Corporate general and administrative 12,598 16,493 28,919 33,401
Other interest [1],[2] 24,084 23,030 45,309 48,101
Other operations 1,147 1,788 2,531 3,332
Total expenses 670,981 499,896 1,258,300 966,742
(Loss) income from unconsolidated joint ventures (1,346) 1,466 (2,826) 2,918
Loss before income taxes (17,604) (29,481) (30,798) (49,161)
Income Tax Expense (Benefit) (9,143) (9,922) (6,164) (15,226)
Net loss $ (8,461) $ (19,559) $ (24,634) $ (33,935)
Loss per common share (in dollars per share) $ (0.06) $ (0.13) $ (0.17) $ (0.23)
Weighted-average number of common shares outstanding (in shares) 147,334 146,946 147,301 146,762
Loss per common share (in dollars per share) $ (0.06) $ (0.13) $ (0.17) $ (0.23)
Weighted-average number of common shares outstanding (in shares) 147,334 146,946 147,301 146,762
[1] 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 on notes payable, which is calculated as follows:
[2] Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt. Also includes interest on completed homes and land in planning, which does not qualify for capitalization, and therefore is expensed.