Inventory (Tables)

6 Months Ended

Apr. 30, 2021

Inventory at April 30, 2021 and October 31, 2020 consisted of the following (amounts in thousands):


	April 30, 2021		October 31, 2020
Land controlled for future communities	$	132,449	$	223,525
Land owned for future communities	605,619		1,036,843
Operating communities	7,522,596		6,398,538
	$	8,260,664	$	7,658,906

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, 2021		October 31, 2020
Land owned for future communities:
Number of communities	7		10
Carrying value (in thousands)	$	53,230	$	68,064
Operating communities:
Number of communities	1		4
Carrying value (in thousands)	$	7,277	$	32,112

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):


	Three months ended April 30,				Six months ended April 30,
	2021		2020		2021		2020
Land controlled for future communities	$	1,581	$	11,809	$	1,747	$	12,840
Land owned for future communities	—		2,105		1,100		2,105
Operating communities	—		300		—		300
	$	1,581	$	14,214	$	2,847	$	15,245

Interest incurred, capitalized and expensed

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


	Three months ended April 30,				Six months ended April 30,
	2021		2020		2021		2020
Interest capitalized, beginning of period	$	302,961	$	320,751	$	297,975	$	311,323
Interest incurred	38,047		46,104		79,315		89,754
Interest expensed to home sales cost of revenues	(44,092)		(38,037)		(77,417)		(70,811)
Interest expensed to land sales and other cost of revenues	(579)		(737)		(2,417)		(1,304)
Interest expensed in other income – net	—		(2,440)		—		(2,440)

Interest capitalized on investments in unconsolidated entities	(1,192)		(897)		(2,326)		(1,778)

Previously capitalized interest on investments in unconsolidated entities transferred to inventory	—		120		15		120
Interest capitalized, end of period	$	295,145	$	324,864	$	295,145	$	324,864