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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2009
Cash flow provided by (used in) operating activities:      
Net income (loss) $ 39,795 $ (3,374) $ (755,825)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 23,142 20,044 23,925
Stock-based compensation 12,768 11,677 10,987
Excess tax benefits from stock-based compensation   (4,954) (24,817)
Impairment of investment in unconsolidated entities 40,870   11,300
Income/loss from unconsolidated entities (39,676) (23,470) (3,782)
Distributions of earnings from unconsolidated entities 12,081 10,297 816
Income from non-performing loan portfolios (5,113)    
Change in deferred tax asset (18,188) 60,697 (52,577)
Deferred tax valuation allowances 18,188 (60,697) 458,280
Inventory impairments 51,837 115,258 465,411
Change in fair value of mortgage loans receivable and derivative instruments 475 (970)  
Expenses related to early retirement of debt 3,827 1,208 13,693
Changes in operating assets and liabilities      
(Increase) decrease in inventory (215,738) (140,344) 489,213
Origination of mortgage loans (630,294) (628,154) (571,158)
Sale of mortgage loans 659,610 579,221 577,263
Decrease (Increase) in restricted cash 41,146 (60,906)  
(Increase) decrease in receivables, prepaid expenses and other assets (11,521) (3,115) 20,045
Increase (decrease) in customer deposits 13,175 (15,182) (45,706)
Decrease in accounts payable and accrued expenses (28,899) (38,598) (149,065)
Decrease (increase) in income tax refund recoverable 141,590 20,250 (161,840)
Decrease (increase) in current income taxes payable (56,225) 14,828 (22,972)
Net cash provided by (used in) operating activities 52,850 (146,284) 283,191
Cash flow used in investing activities:      
Purchase of property and equipment - net (9,553) (4,830) (2,712)
Purchase of marketable securities (452,864) (157,962) (101,324)
Sale and redemption of marketable securities 408,831 60,000  
Investment in and advances to unconsolidated entities (132) (58,286) (31,342)
Return of investments in unconsolidated entities 43,309 9,696 3,205
Investment in non-performing loan portfolios and foreclosed real estate (66,867)    
Return of investments in non-performing loan portfolios and foreclosed real estate 2,806    
Net cash used in investing activities (74,470) (151,382) (132,173)
Cash flow (used in) provided by financing activities      
Net proceeds from issuance of senior notes      635,765
Proceeds from loans payable 921,251 927,233 636,975
Principal payments of loans payable (952,621) (1,316,514) (785,883)
Redemption of senior subordinated notes   (47,872) (296,503)
Redemption of senior notes (58,837) (46,114) (210,640)
Proceeds from stock-based benefit plans 25,531 7,589 22,147
Excess tax benefits from stock-based compensation   4,954 24,817
Purchase of treasury stock (49,102) (588) (1,473)
Change in noncontrolling interest 2,678 320 (2,000)
Net cash (used in) provided by financing activities (111,100) (470,992) 23,205
Net (decrease) increase in cash and cash equivalents (132,720) (768,658) 174,223
Cash and cash equivalents, beginning of year 1,039,060 1,807,718 1,633,495
Cash and cash equivalents, end of year $ 906,340 $ 1,039,060 $ 1,807,718