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Investments in Unconsolidated Entities (Tables)
 6 Months Ended
Apr. 30, 2018
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Summary of Joint Venture Information [Table Text Block]
The table below provides information as of April 30, 2018, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands):
 
Land
Development
Joint Ventures
 
Home Building
Joint Ventures
 
Rental Property
Joint Ventures
 
Gibraltar
Joint Ventures
 
Total
Number of unconsolidated entities
7
 
4
 
14
 
5
 
30
Investment in unconsolidated entities
$
222,099

 
$
86,220

 
$
134,252

 
$
14,191

 
$
456,762

Number of unconsolidated entities with funding commitments by the Company
4
 
1
 
1
 
1

 
7
Company’s remaining funding commitment to unconsolidated entities
$
22,081

 
$
8,300

 
$
530

 
$
9,621

 
$
40,532
Summary of Joint Ventures Borrowing information [Table Text Block]
Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at April 30, 2018, regarding the debt financing obtained by category ($ amounts in thousands):
 
Land
Development
Joint Ventures
 
Home Building
Joint Ventures
 
Rental Property
Joint Ventures
 
Total
Number of joint ventures with debt financing
4
 
3
 
13
 
20
Aggregate loan commitments
$
198,500

 
$
381,441

 
$
1,062,138

 
$
1,642,079

Amounts borrowed under loan commitments
$
184,834

 
$
217,273

 
$
768,254

 
$
1,170,361
Condensed balance sheet
Condensed Balance Sheets:
 
April 30,
2018
 
October 31,
2017
Cash and cash equivalents
$
117,419

 
$
153,828

Inventory
1,064,578

 
1,148,209

Loans receivable, net
13,605

 
22,495

Rental properties
837,381

 
970,497

Rental properties under development
322,958

 
190,541

Real estate owned
34,329

 
53,902

Other assets
156,690

 
156,618

Total assets
$
2,546,960

 
$
2,696,090

Debt, net of deferred financing costs
$
1,156,927

 
$
1,199,583

Other liabilities
156,538

 
135,292

Members’ equity
1,201,558

 
1,332,285

Noncontrolling interest
31,937

 
28,930

Total liabilities and equity
$
2,546,960

 
$
2,696,090

Company’s net investment in unconsolidated entities (1)
$
456,762

 
$
481,758

 
(1)
Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of the acquisition price of an investment in a Land Development Joint Venture in fiscal 2012 that was in excess of our pro rata share of the underlying equity; impairments related to our investments in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations and comprehensive income
Condensed Statements of Operations:
 
Six months ended April 30,
 
Three months ended April 30,
 
2018
 
2017
 
2018
 
2017
Revenues
$
276,284

 
$
500,727

 
$
82,663

 
$
205,024

Cost of revenues
209,410

 
290,894

 
60,660

 
125,188

Other expenses
44,584

 
39,722

 
20,297

 
18,588

Total expenses
253,994

 
330,616

 
80,957

 
143,776

Gain on disposition of loans and real estate owned
26,480

 
31,639

 
11,809

 
22,753

Income from operations
48,770

 
201,750

 
13,515

 
84,001

Other income
80,866

 
9,497

 
1,502

 
6,912

Income before income taxes
129,636

 
211,247

 
15,017

 
90,913

Income tax provision
349

 
6,314

 
151

 
2,487

Net income including earnings from noncontrolling interests
129,287

 
204,933

 
14,866

 
88,426

Less: income attributable to noncontrolling interest
(11,937
)
 
(13,089
)
 
(5,855
)
 
(11,009
)
Net income attributable to controlling interest
$
117,350

 
$
191,844

 
$
9,011

 
$
77,417

Company’s equity in earnings of unconsolidated entities (2)
$
41,444

 
$
92,349

 
$
2,564

 
$
45,904

(2)
Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are primarily a result of a basis difference of an acquired joint venture interest; distributions from entities in excess of the carrying amount of our net investment; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.