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Note 21 - Fair Value of Financial Instruments (Tables)
12 Months Ended
Oct. 31, 2025
Fair Value of Financial Instruments  
Schedule of financial instruments measured at fair value on a recurring basis

Fair Value at

Fair Value at

Fair Value

October 31,

October 31,

(In thousands)

Hierarchy

2025

2024

Mortgage loans held for sale (1)

Level 2

$ 111,631 $ 148,925

 

(1) The aggregate unpaid principal balance was $112.1 million and $149.4 million at October 31, 2025 and 2024, respectively.

Schedule of change in fair value included in financial services revenue

Year Ended October 31, 2025

Mortgage

Interest Rate

Loans Held

Lock

Forward

(In thousands)

for Sale

Commitments

Contracts

Change in fair value included in financial services revenue

$ (686 ) $ - $ -

 

Year Ended October 31, 2024

Mortgage

Interest Rate

Loans Held

Lock

Forward

(In thousands)

for Sale

Commitments

Contracts

Change in fair value included in financial services revenue

$ (497 ) $ - $ -

 

Year Ended October 31, 2023

Mortgage

Interest Rate

Loans Held

Lock

Forward

(In thousands)

for Sale

Commitments

Contracts

Change in fair value included in financial services revenue

$ (177 ) $ - $ -
Schedule of assets measured at fair value on a nonrecurring basis

Year Ended

October 31, 2025

(In thousands)

Fair

Pre-

Value

Impairment

Hierarchy

Amount

Total Losses

Fair Value

Land and land options held for future development or sale

Level 3

$ 75,411 $ (21,413 ) $ 53,998

 

Year Ended

October 31, 2024

(In thousands)

Fair

Pre-

Value

Impairment

Hierarchy

Amount

Total Losses

Fair Value

Land and land options held for future development or sale

Level 3

$ 41,061 $ (9,992 ) $ 31,069
Schedule of fair value of each series of Notes and Credit Facilities
Fair Value as of October 31, 2025

(In thousands)

Level 1

Level 2

Level 3

Total

Senior Notes:


8.0% Senior Notes due April 1, 2031

- 459,972 - 459,972
    8.375% Senior Notes due October 1, 2033

-


461,192


-


461,192

5.0% Senior Notes due February 1, 2040

- 16,492 - 16,492

Total fair value

$ - $ 937,656 $ - $ 937,656

 

Fair Value as of October 31, 2024

(In thousands)

Level 1

Level 2

Level 3

Total

Senior Secured Notes:

8.0% Senior Secured 1.125 Lien Notes due September 30, 2028

- 231,068 - 231,068

11.75% Senior Secured 1.25 Lien Notes due September 30, 2029

- 474,561 - 474,561

Senior Notes:

13.5% Senior Notes due February 1, 2026

- - 27,020 27,020

5.0% Senior Notes due February 1, 2040

- 11,485 - 11,485

Senior Credit Facilities:

Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028

- - 190,041 190,041

Total fair value

$ - $ 717,114 $ 217,061 $ 934,175