Inventory (Tables)

9 Months Ended

Jul. 31, 2020

Inventory at July 31, 2020 and October 31, 2019 consisted of the following (amounts in thousands):


	July 31, 2020		October 31, 2019
Land controlled for future communities	$	167,694	$	182,929
Land owned for future communities	963,399		868,202
Operating communities	6,903,422		6,821,917
	$	8,034,515	$	7,873,048

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:


	July 31, 2020		October 31, 2019
Land owned for future communities:
Number of communities	15		16
Carrying value (in thousands)	$	112,133	$	120,857
Operating communities:
Number of communities	1		1
Carrying value (in thousands)	$	5,840	$	2,871

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 believe not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands):


	Nine months ended July 31,						Three months ended July 31,
	2020		2019		2020		2019
Land controlled for future communities	$	16,765	$	7,256	$	3,926	$	3,579
Land owned for future communities	4,869				2,764
Operating communities	300		24,380				1,100
	$	21,934	$	31,636	$	6,690	$	4,679

Interest incurred, capitalized and expensed

Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands):


	Nine months ended July 31,						Three months ended July 31,
	2020		2019		2020		2019
Interest capitalized, beginning of period	$	311,323	$	319,364	$	324,864	$	328,583
Interest incurred	131,547		131,830		41,794		43,968
Interest expensed to home sales cost of revenues	(111,278)		(125,862)		(40,467)		(46,635)
Interest expensed to land sales cost of revenues	(4,124)		(945)		(2,820)		(310)
Interest expensed in other income	(2,440)

Interest capitalized on investments in unconsolidated entities	(2,790)		(3,936)		(1,013)		(852)

Previously capitalized interest on investments in unconsolidated entities transferred to inventory	208		4,802		88		499
Interest capitalized, end of period	$	322,446	$	325,253	$	322,446	$	325,253