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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2014
Cash flow provided by operating activities:      
Net income $ 382,095 $ 363,167 $ 340,032
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 23,121 23,557 22,999
Stock-based compensation 26,679 22,903 21,656
Excess tax benefits from stock-based compensation (2,114) (1,628) (7,593)
Income from unconsolidated entities (40,748) (21,119) (41,141)
Distributions of earnings from unconsolidated entities 15,287 19,459 43,973
Income from distressed loans and foreclosed real estate (8,390) (13,269) (15,833)
Deferred tax provision 19,252 62,084 47,431
Change in deferred tax valuation allowances 1,018 (12,642) (11,929)
Inventory impairments and write-offs 13,807 35,709 20,678
Other (1,739) (316) (22)
Changes in operating assets and liabilities      
Increase in inventory (391,178) (351,983) (271,982)
Origination of mortgage loans (1,275,047) (1,029,112) (818,515)
Sale of mortgage loans 1,150,156 1,007,671 829,948
(Increase) decrease in restricted cash and investments (14,496) 1,547 13,694
Increase in receivables, prepaid expenses and other assets (307,351) (55,553) (5,214)
Increase in customer deposits 27,838 46,478 10,516
Increase in accounts payable and accrued expenses 524,553 28,729 82,101
(Decrease)/Increase in income taxes payable 6,028 (65,500) 52,401
Net cash provided by (used in) operating activities 148,771 60,182 313,200
Cash flow provided by (used in) investing activities:      
Purchase of property and equipment - net (28,426) (9,447) (15,074)
Sale and redemption of marketable securities 10,000 2,000 40,242
Investment in unconsolidated entities (69,655) (123,940) (113,029)
Return of investments in unconsolidated entities 47,806 39,766 73,845
Investment in foreclosed real estate and distressed loans (1,133) (2,624) (2,089)
Return of investments in foreclosed real estate and distressed loans 49,619 37,625 53,130
Net increase in cash from purchase of joint venture interest 3,848
Acquisition of a business, net of cash acquired (1,489,116)
Net cash (used in) provided by investing activities 8,211 (52,772) (1,452,091)
Cash flow (used in) provided by financing activities:      
Proceeds from issuance of senior notes 350,000 600,000
Debt issuance costs for senior notes (35) (3,175) (4,739)
Proceeds from loans payable 2,443,496 1,954,432 2,229,371
Debt issuance costs for loans payable (4,868) (3,063)
Principal payments of loans payable (2,497,585) (1,659,458) (1,767,115)
Repayments of senior notes (300,000) (267,960)
Net proceeds from issuance of common stock 220,365
Proceeds from stock-based benefit plans 6,986 39,514 28,364
Excess tax benefits from stock-based compensation 2,114 1,628 7,593
Purchase of treasury stock (392,772) (56,888) (90,754)
Receipts (payments) related to noncontrolling interest, net 404 (785) 172
Net cash provided by (used in) financing activities (442,260) 325,268 952,234
Net increase (decrease) in cash and cash equivalents (285,278) 332,678 (186,657)
Cash and cash equivalents, beginning of period 918,993 586,315 772,972
Cash and cash equivalents, end of period $ 633,715 $ 918,993 $ 586,315