Inventory (Tables)

9 Months Ended

Jul. 31, 2022

Inventory at July 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands):


	July 31, 2022		October 31, 2021
Land controlled for future communities	$	250,313	$	185,656
Land owned for future communities	884,815		564,737
Operating communities	8,273,397		7,165,491
	$	9,408,525	$	7,915,884

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 July 31,				Nine months ended July 31,
	2022		2021		2022		2021
Land controlled for future communities	$	3,848	$	2,045	$	6,833	$	3,792
Land owned for future communities	2,400		11,105		3,840		11,105
Operating communities	—		—		—		1,100
	$	6,248	$	13,150	$	10,673	$	15,997

Interest incurred, capitalized and expensed

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


	Three months ended July 31,				Nine months ended July 31,
	2022		2021		2022		2021
Interest capitalized, beginning of period	$	237,333	$	295,145	$	253,938	$	297,975
Interest incurred	34,676		37,133		97,569		116,447
Interest expensed to home sales cost of revenues	(37,308)		(49,995)		(110,567)		(127,412)
Interest expensed to land sales and other cost of revenues	(1,221)		(1,064)		(4,848)		(3,482)

Interest reclassified to property, construction and office equipment - net	—		(1,034)		—		(1,034)
Interest capitalized on investments in unconsolidated entities	(1,759)		(1,078)		(4,566)		(3,403)

Previously capitalized interest on investments in unconsolidated entities transferred to inventory	32		76		227		92
Interest capitalized, end of period	$	231,753	$	279,183	$	231,753	$	279,183