Information on Segments (Tables)

3 Months Ended

Jan. 31, 2022

Revenue and income (loss) before income taxes and total assets

Revenues and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands):


	Three months ended January 31,
		2022		2021
Revenues:
Traditional Home Building:
North		$	315,362	$	312,639
Mid-Atlantic		242,877		163,984
South		243,519		216,884
Mountain		462,300		377,977
Pacific		384,949		331,158
Traditional Home Building		1,649,007		1,402,642
City Living		39,772		7,793
Corporate and other		(1,427)		269
Total home sales revenues		1,687,352		1,410,704
Land sales and other revenues		103,729		152,672
Total revenues		$	1,791,081	$	1,563,376

Income (loss) before income taxes:
Traditional Home Building:
North		$	31,539	$	18,882
Mid-Atlantic		33,425		18,813
South		22,532		21,483
Mountain		71,011		36,013
Pacific		64,534		47,554
Traditional Home Building		223,041		142,745
City Living (1)		12,717		32,692
Corporate and other		(34,942)		(48,032)
Total		$	200,816	$	127,405

(1) In the first quarter of fiscal 2021, we sold certain commercial assets associated with our Hoboken, New Jersey condominium projects for $82.4 million which is included in Land sales and other revenues above. City Living recognized net gains of $38.3 million from these sales.

“Corporate and other” is comprised principally of general corporate expenses such as our executive offices; 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 our apartment rental development business; and income from our Rental Property Joint Ventures and Gibraltar Joint Ventures.

Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands):


	January 31, 2022		October 31, 2021
Traditional Home Building:
North	$	1,407,992	$	1,357,168
Mid-Atlantic	1,052,923		976,887
South	1,662,383		1,421,612
Mountain	2,624,647		2,397,484
Pacific	2,254,252		2,174,997
Traditional Home Building	9,002,197		8,328,148
City Living	314,092		332,972
Corporate and other	1,967,590		2,876,730
Total	$	11,283,879	$	11,537,850

“Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, deferred tax assets, 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 impairments by segment

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 periods indicated, were as follows (amounts in thousands):


	Three months ended January 31,
		2022		2021
Traditional Home Building:
North		$	325	$	35
Mid-Atlantic		441		32
South		143		25
Mountain		102		9
Pacific		22		66
Total		1,033		167
City Living		1,200		1,100

		$	2,233	$	1,267