Inventory (Tables)

9 Months Ended

Jul. 31, 2023

Inventory at July 31, 2023 and October 31, 2022 consisted of the following (amounts in thousands):


	July 31, 2023		October 31, 2022
Land controlled for future communities	$	193,051	$	240,751
Land owned for future communities	920,366		808,851
Operating communities	8,090,107		7,683,724
	$	9,203,524	$	8,733,326

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, and which are included in home sales cost of revenues, are shown in the table below (amounts in thousands):


	Three months ended July 31,				Nine months ended July 31,
	2023		2022		2023		2022
Land controlled for future communities	$	895	$	3,848	$	9,343	$	6,833
Land owned for future communities	369		2,400		694		3,840
Operating communities	2,100		—		12,400		—
	$	3,364	$	6,248	$	22,437	$	10,673

Interest incurred, capitalized and expensed

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


	Three months ended July 31,				Nine months ended July 31,
	2023		2022		2023		2022
Interest capitalized, beginning of period	$	211,760	$	237,333	$	209,468	$	253,938
Interest incurred	32,624		34,676		107,341		97,569
Interest expensed to home sales cost of revenues	(37,004)		(37,308)		(99,642)		(110,567)
Interest expensed to land sales and other cost of revenues	(1,258)		(1,221)		(6,086)		(4,848)


Interest capitalized on investments in unconsolidated entities	(2,271)		(1,759)		(7,432)		(4,566)
Previously capitalized interest transferred to investments in unconsolidated entities	—		—		(244)		—
Previously capitalized interest on investments in unconsolidated entities transferred to inventory	296		32		742		227
Interest capitalized, end of period	$	204,147	$	231,753	$	204,147	$	231,753