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Investments in Foreclosed Real Estate and Distressed Loans | 9 Months Ended
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Jul. 31, 2015
Investments in Non-Performing Loan Portfolios and Foreclosed Real Estate [Abstract] |
Investments in Foreclosed Real Estate and Distressed Loans | Investments in Foreclosed Real Estate and Distressed Loans Investments in REO and distressed loans consisted of the following, as of the dates indicated (amounts in thousands):
| July 31, 2015 |  | October 31, 2014
Investment in REO | $ | 57,524 |  |  | $ | 69,799 |
Investment in distressed loans | 1,935 |  |  | 4,001 |
| $ | 59,459 |  |  | $ | 73,800 |
In prior periods, we presented our investments in REO and distressed loans in two separate line items on our Condensed Consolidated Balance Sheets. Our Condensed Consolidated Balance Sheet at October 31, 2014, has been reclassified to conform to the fiscal 2015 presentation. Investments in REO The table below provides, for the periods indicated, the activity in REO (amounts in thousands):
| Nine months ended July 31, |  | Three months ended July 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
Balance, beginning of period | $ | 69,799 |  |  | $ | 72,972 |  |  | $ | 63,680 |  |  | $ | 76,652 |
Additions | 2,304 |  |  | 21,203 |  |  | 400 |  |  | 13,167 |
Sales | (14,139 | ) |  | (13,558 | ) |  | (6,471 | ) |  | (9,366 | )
Impairments | (183 | ) |  | (1,046 | ) |  |  |  |  | (1,044 | )
Depreciation | (257 | ) |  | (252 | ) |  | (85 | ) |  | (90 | )
Balance, end of period | $ | 57,524 |  |  | $ | 79,319 |  |  | $ | 57,524 |  |  | $ | 79,319 |
As of July 31, 2015, approximately $7.3 million and $50.2 million of REO was classified as held-for-sale and held-and-used, respectively. As of July 31, 2014, approximately $2.2 million and $77.1 million of REO was classified as held-for-sale and held-and-used, respectively. The table below provides, for the periods indicated, gains we recorded from the acquisitions of REO through foreclosure (amounts in thousands):
| Nine months ended July 31, |  | Three months ended July 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
Gains from acquisition of REO through foreclosure | $ | 230 |  |  | $ | 4,503 |  |  | $ | — |  |  | $ | 2,980 |
Investments in Distressed Loans Our investments in distressed loans represent nonperforming loans classified as nonaccrual in accordance with ASC 310-10, “Receivable.” Interest income is not recognized on nonaccrual loans. When a loan is classified as nonaccrual, any subsequent cash receipt is accounted for using the cost recovery method.

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- Definition Investments in non-performing loan portfolios and foreclosed real estate. + References No definition available. + Details
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