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Inventory (Tables)
6 Months Ended
Apr. 30, 2017
Inventory Disclosure [Abstract]  
Inventory
Inventory at April 30, 2017 and October 31, 2016 consisted of the following (amounts in thousands):
 
April 30,
2017
 
October 31,
2016
Land controlled for future communities
$
76,604

 
$
71,729

Land owned for future communities
1,457,975

 
1,884,146

Operating communities
6,068,116

 
5,398,092

 
$
7,602,695

 
$
7,353,967

Temporarily Closed communities
Information regarding the classification, number, and carrying value of these temporarily closed communities, as of the dates indicated, is provided in the table below:
 
April 30,
2017
 
October 31,
2016
Land owned for future communities:
 
 
 
Number of communities
15

 
18

Carrying value (in thousands)
$
124,691

 
$
123,936

Operating communities:
 
 
 
Number of communities
5

 
3

Carrying value (in thousands)
$
24,713

 
$
8,523

Inventory impairment charges and expensing of costs that it is believed not to be recoverable
The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands):
 
Six months ended April 30,
 
Three months ended April 30,
 
2017
 
2016
 
2017
 
2016
Land controlled for future communities
$
782

 
$
634

 
$
121

 
$
253

Land owned for future communities
1,200

 
300

 
1,200

 

Operating communities
6,935

 
6,700

 
2,935

 
6,100

 
$
8,917

 
$
7,634

 
$
4,256

 
$
6,353

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,
 
2017
 
2016
 
2017
 
2016
Interest capitalized, beginning of period
$
369,419

 
$
373,128

 
$
376,880

 
$
379,930

Interest incurred
85,310

 
80,412

 
43,536

 
40,305

Interest expensed to cost of revenues
(68,486
)
 
(67,745
)
 
(40,558
)
 
(35,722
)
Interest expensed in other income
(1,995
)
 
(309
)
 
(1,953
)
 
(34
)
Interest capitalized on investments in unconsolidated entities
(4,214
)
 
(2,243
)
 
(1,820
)
 
(1,236
)
Previously capitalized interest transferred to investments in unconsolidated entities
(4,030
)
 


 

 

Previously capitalized interest on investments in unconsolidated entities transferred to inventory
209

 
239

 
128

 
239

Interest capitalized, end of period
$
376,213

 
$
383,482

 
$
376,213

 
$
383,482