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Information on Segments (Tables)
6 Months Ended
Apr. 30, 2025
Segment Reporting [Abstract]  
Schedule of 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 April 30,Six months ended April 30,
 2025202420252024
Revenues:
North$378,489 $335,215 $633,201 $607,872 
Mid-Atlantic321,757 376,110 557,997 640,264 
South758,635 658,374 1,264,908 1,191,260 
Mountain755,874 603,568 1,312,578 1,056,949 
Pacific492,184 674,687 779,348 1,083,679 
Total home building2,706,939 2,647,954 4,548,032 4,580,024 
Corporate and other(486)(934)(803)(1,168)
2,706,453 2,647,020 4,547,229 4,578,856 
Land sales and other revenues (1)
32,624 190,466 50,979 206,478 
Total consolidated$2,739,077 $2,837,486 $4,598,208 $4,785,334 
Income (loss) before income taxes:
North$82,168 $51,422 $110,361 $84,443 
Mid-Atlantic63,228 254,525 96,657 304,043 
South162,842 126,465 253,258 224,895 
Mountain137,928 81,950 218,668 162,114 
Pacific89,703 170,881 127,816 274,534 
Total home building535,869 685,243 806,760 1,050,029 
Corporate and other(58,366)(35,464)(107,875)(89,089)
Total consolidated$477,503 $649,779 $698,885 $960,940 
(1)    Included in the three and six months ended April 30, 2024 is a $185.0 million land sale related to our Mid-Atlantic segment, as further discussed in Note 1, “Significant Accounting Policies”.
“Corporate and other” is comprised principally of general corporate expenses such as our executive offices; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including our apartment rental development business and our high-rise urban luxury condominium operations, and income from our Rental Property Joint Ventures and Other Joint Ventures.
Land sales and other revenues for each of our segments, for the periods indicated, were as follows (amounts in thousands):
Three months ended April 30,Six months ended April 30,
2025202420252024
North$— $140 17,155 140 
Mid-Atlantic23,427 185,176 23,683 192,971 
South640 2,745 1,477 6,385 
Mountain— — — 4,577 
Pacific— — 107 — 
Total home building24,067 188,061 42,422 204,073 
Corporate and other8,557 2,405 8,557 2,405 
Total consolidated$32,624 $190,466 $50,979 $206,478 
“Corporate and other” is comprised principally of activities from our apartment rental development business.
Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands):
April 30,
2025
October 31,
2024
North$1,526,124 $1,425,738 
Mid-Atlantic1,623,888 1,444,951 
South2,996,835 2,514,446 
Mountain3,162,007 2,950,806 
Pacific2,720,556 2,266,829 
Total home building12,029,410 10,602,770 
Corporate and other2,166,414 2,765,162 
Total consolidated$14,195,824 $13,367,932 
“Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, manufacturing facilities, our apartment rental development and high-rise urban luxury condominium operations, and our mortgage and title subsidiaries.
Schedule of Inventory Impairment by Segment
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, which are included in home sales cost of revenues, were as follows (amounts in thousands):
 Three months ended April 30,Six months ended April 30,
 2025202420252024
North$580 $38 $785 $533 
Mid-Atlantic298 2,703 4,065 2,895 
South620 647 4,979 727 
Mountain7,301 25,000 14,795 25,674 
Pacific1,000 40 1,592 70 
Total consolidated$9,799 $28,428 $26,216 $29,899