Information on Segments (Tables)

12 Months Ended

Oct. 31, 2020

Revenue and income (loss) before income taxes and total assets [Table Text Block]

The table below summarizes revenue and income (loss) before income taxes for our segments for each of the fiscal years ended October 31, 2020, 2019, and 2018 (amounts in thousands). In the first quarter of fiscal 2020, we made certain changes to our Traditional Home Building regional management structure and realigned certain of the states falling among our five geographic segments. See Note 1. Amounts for fiscal 2019 and 2018 have been restated to reflect this change.


	Revenue						Income (loss) before income taxes
	2020		2019		2018		2020		2019		2018
			(Restated)		(Restated)				(Restated)		(Restated)
Traditional Home Building:
North	$	1,364,750	$	1,484,430	$	1,517,917	$	57,826	$	81,350	$	98,233
Mid-Atlantic	845,597		804,342		775,676		50,621		50,737		59,254
South	1,041,204		991,915		868,580		108,399		106,082		99,920
Mountain	1,535,757		1,130,874		1,126,580		167,687		112,979		136,163
Pacific	2,029,851		2,416,629		2,533,506		352,831		509,760		571,353
Traditional Home Building	6,817,159		6,828,190		6,822,259		737,364		860,908		964,923
City Living	120,946		253,188		320,999		29,679		70,133		78,149
Corporate and other	(748)		(999)				(180,142)		(143,871)		(109,156)
	6,937,357		7,080,379		7,143,258		586,901		787,170		933,916
Land sales and other revenue	140,302		143,587		—
Total	$	7,077,659	$	7,223,966	$	7,143,258	$	586,901	$	787,170	$	933,916

“Corporate and other” is comprised principally of general corporate expenses such as the offices of our executive officers; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including Gibraltar; and income from our Rental Property Joint Ventures and Gibraltar Joint Ventures.

Total assets for each of our segments at October 31, 2020 and 2019, are shown in the table below (amounts in thousands):


	2020		2019
			(Restated)
Traditional Home Building:
North	$	1,427,523	$	1,487,012
Mid-Atlantic	918,641		854,470
South	1,176,962		1,165,974
Mountain	1,961,348		1,769,649
Pacific	2,226,685		2,627,417
Traditional Home Building	7,711,159		7,904,522
City Living	539,750		529,507
Corporate and other	2,814,824		2,394,109
	$	11,065,733	$	10,828,138

“Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, income tax receivable, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, our Gibraltar investments and operations, manufacturing facilities, and our mortgage and title subsidiaries.

Schedule of inventory, by segment [Table Text Block]

Inventory for each of our segments, as of the dates indicated, is shown in the table below (amounts in thousands):


	Land controlled for future communities		Land owned for future communities		Operating communities		Total
Balances at October 31, 2020
Traditional Home Building:
North	$	40,753	$	155,737	$	1,140,833	$	1,337,323
Mid-Atlantic	31,572		142,196		647,481		821,249
South	13,964		122,671		847,360		983,995
Mountain	8,811		38,370		1,840,830		1,888,011
Pacific	128,425		379,916		1,656,682		2,165,023
Traditional Home Building	223,525		838,890		6,133,186		7,195,601
City Living	—		197,953		265,352		463,305
	$	223,525	$	1,036,843	$	6,398,538	$	7,658,906

Balances at October 31, 2019 (Restated)
Traditional Home Building:
North	$	32,712	$	99,947	$	1,233,234	$	1,365,893
Mid-Atlantic	50,534		76,682		705,763		832,979
South	10,326		118,830		845,590		974,746
Mountain	18,973		34,165		1,651,792		1,704,930
Pacific	70,384		353,186		2,115,531		2,539,101
Traditional Home Building	182,929		682,810		6,551,910		7,417,649
City Living	—		185,391		270,008		455,399
	$	182,929	$	868,201	$	6,821,918	$	7,873,048

Schedule of inventory impairments, by segment [Table Text Block]

The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable for each of our segments, for the years ended October 31, 2020, 2019, and 2018, are shown in the table below (amounts in thousands):


	2020		2019		2018
			(Restated)		(Restated)
Traditional Home Building:
North	$	28,352	$	25,472	$	20,675
Mid-Atlantic	17,905		1,535		11,839
South	2,869		8,452		720
Mountain	790		984		176
Pacific	5,967		1,117		879
Traditional Home Building	55,883		37,560		34,289
City Living	—		4,800		98
Corporate and other	—		—		769
	$	55,883	$	42,360	$	35,156

Schedule of investments in unconsolidated entities and equity in earnings (losses) from unconsolidated entities, by segment [Table Text Block]

The net carrying value of our investments in unconsolidated entities and our equity in earnings (losses) from such investments, for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands):


	Investments in unconsolidated entities				Equity in earnings (losses) from unconsolidated entities
	At October 31,				Year ended October 31,
	2020		2019		2020		2019		2018
			(Restated)				(Restated)		(Restated)
Traditional Home Building:

Mid-Atlantic	$	33,523	$	8,525	$	(11)	$	—	$	(4,000)
South	93,734		91,956		14,012		19,098		12,263
Mountain	—		—		381		—		(63)
Pacific	433		9,825		1,280		(37)		2,404
Traditional Home Building	127,690		110,306		15,662		19,061		10,604
City Living	33,819		60,512		(7,674)		4,103		6,857
Corporate and other	269,192		195,434		(7,040)		1,704		67,779
	$	430,701	$	366,252	$	948	$	24,868	$	85,240

“Corporate and other” is comprised of our investments in the Rental Property Joint Ventures and the Gibraltar Joint Ventures.