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Inventory (Tables)
6 Months Ended
Apr. 30, 2012
Inventory Disclosure [Abstract]  
Inventory
Inventory at April 30, 2012 and October 31, 2011 consisted of the following (amounts in thousands):
 
April 30,
2012
 
October 31,
2011
Land controlled for future communities
$
41,442

 
$
46,581

Land owned for future communities
1,046,240

 
979,145

Operating communities
2,680,195

 
2,390,997

 
$
3,767,877

 
$
3,416,723

Temporarily Closed communities
Information regarding the classification, number and carrying value of these temporarily closed communities, as of the date indicated, is provided in the table below.
 
April 30,
2012
 
October 31,
2011
Land owned for future communities:
 
 
 
Number of communities
33

 
43

Carrying value (in thousands)
$
194,678

 
$
256,468

Operating communities:
 
 
 
Number of communities
13

 
2

Carrying value (in thousands)
$
67,222

 
$
11,076

Inventory impairment charges and expensing of costs that it is believed not to be recoverable
The Company provided for inventory impairment charges and the expensing of costs that it believed not to be recoverable, for the periods indicated; these are shown in the table below (amounts in thousands).
 
Six months ended April 30,
 
Three months ended April 30,
 
2012
 
2011
 
2012
 
2011
Charge (recovery):
 
 
 
 
 
 
 
Land controlled for future communities
$
225

 
$
1,848

 
$
(552
)
 
$
2,197

Land owned for future communities
918

 

 

 

Operating communities
8,985

 
16,200

 
2,560

 
10,725

 
$
10,128

 
$
18,048

 
$
2,008

 
$
12,922

Interest incurred, capitalized and expensed
Interest incurred, capitalized and expensed, for the periods indicated, was as follows (amounts in thousands): 
 
Six months ended April 30,
 
Three months ended April 30,
 
2012
 
2011
 
2012
 
2011
Interest capitalized, beginning of period
$
298,757

 
$
267,278

 
$
311,335

 
$
274,730

Interest incurred
60,467

 
58,434

 
31,568

 
28,718

Interest expensed to cost of revenues
(33,989
)
 
(35,382
)
 
(17,668
)
 
(17,300
)
Interest directly expensed to operations

 
(1,504
)
 

 
(392
)
Write-off against other income
(1,582
)
 
(318
)
 
(1,582
)
 
(248
)
Interest reclassified to property, construction and office equipment

 
(3,000
)
 

 

Interest capitalized on investments in unconsolidated entities
(1,137
)
 

 
(1,137
)
 

Interest capitalized, end of period
$
322,516

 
$
285,508

 
$
322,516

 
$
285,508

Periods Indicated Number Of Operating Communities Impairment Charges And Fair Value Of Communities Net Of Impairment Charges [Table Text Block]
The table below provides, for the periods indicated, the number of operating communities that the Company tested for potential impairment, the number of operating communities in which it recognized impairment charges, the amount of impairment charges recognized, and, as of the end of the period indicated, the fair value of those communities, net of impairment charges ($ amounts in thousands).
 
 
 
Impaired operating communities
Three months ended:
Number of
communities tested
 
Number of
communities
 
Fair value of
communities,
net of
impairment charges
 
Impairment charges
Fiscal 2012:
 
 
 
 
 
 
 
January 31
113
 
8
 
$
49,758

 
$
6,425

April 30
115
 
2
 
$
22,962

 
2,560

 
 
 
 
 
 
 
$
8,985

Fiscal 2011:
 
 
 
 
 
 
 
January 31
143
 
6
 
$
56,105

 
$
5,475

April 30
142
 
9
 
$
40,765

 
10,725

July 31
129
 
2
 
$
867

 
175

October 31
114
 
3
 
$
3,367

 
710

 
 
 
 
 
 
 
$
17,085