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Investments in Unconsolidated Entities (Tables) | 12 Months Ended
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Oct. 31, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Summary of Joint Venture Information [Table Text Block] | The table below provides information as of October 31, 2016, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands):
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Number of unconsolidated entities | 7 |  | 3 |  | 12 |  | 4 |  | 26
Investment in unconsolidated entities | $ | 223,483 |  |  | $ | 98,754 |  |  | $ | 153,640 |  |  | $ | 20,534 |  |  | $ | 496,411 |
Number of unconsolidated entities with funding commitments by the Company | 5 |  | 2 |  | 4 |  | 1 |  |  | 12
Company’s remaining funding commitment to unconsolidated entities | $ | 244,287 |  |  | $ | 9,902 |  |  | $ | 9,623 |  |  | $ | 10,000 |  |  | $ | 273,812 |
Summary of Joint Ventures Borrowing information [Table Text Block] | Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at October 31, 2016, regarding the debt financing obtained by category ($ amounts in thousands):
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Total
Number of joint ventures with debt financing | 4 |  | 2 |  | 10 |  | 16
Aggregate loan commitments | $ | 470,000 |  |  | $ | 135,253 |  |  | $ | 854,266 |  |  | $ | 1,459,519 |
Amounts borrowed under commitments | $ | 393,741 |  |  | $ | 106,857 |  |  | $ | 659,191 |  |  | $ | 1,159,789 |
Condensed balance sheet aggregated by type of business | Condensed Balance Sheets:
| October 31, 2016
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Cash and cash equivalents | $ | 38,466 |  |  | $ | 12,820 |  |  | $ | 29,103 |  |  | $ | 50,405 |  |  | $ | 130,794 |
Inventory | 719,732 |  |  | 345,588 |  |  |  |  |  | 9,568 |  |  | 1,074,888 |
Non-performing loan portfolio |  |  |  |  |  |  | 4,298 |  |  | 4,298 |
Rental properties |  |  |  |  | 621,615 |  |  |  |  | 621,615 |
Rental properties under development |  |  |  |  | 302,632 |  |  |  |  |  | 302,632 |
Real estate owned |  |  |  |  |  |  |  | 87,226 |  |  | 87,226 |
Other assets | 76,518 |  |  | 82,794 |  |  | 14,574 |  |  | 1,919 |  |  | 175,805 |
Total assets | $ | 834,716 |  |  | $ | 441,202 |  |  | $ | 967,924 |  |  | $ | 153,416 |  |  | $ | 2,397,258 |
Debt | $ | 394,813 |  |  | $ | 110,879 |  |  | $ | 659,191 |  |  |  |  |  | $ | 1,164,883 |
Other liabilities | 38,769 |  |  | 75,419 |  |  | 35,303 |  |  | 3,390 |  |  | 152,881 |
Members’ equity | 401,134 |  |  | 254,904 |  |  | 273,430 |  |  | 50,886 |  |  | 980,354 |
Noncontrolling interest |  |  |  |  |  |  | 99,140 |  |  | 99,140 |
Total liabilities and equity | $ | 834,716 |  |  | $ | 441,202 |  |  | $ | 967,924 |  |  | $ | 153,416 |  |  | $ | 2,397,258 |
Company’s net investment in unconsolidated entities (2) | $ | 223,483 |  |  | $ | 98,754 |  |  | $ | 153,640 |  |  | $ | 20,534 |  |  | $ | 496,411 |
| October 31, 2015
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Cash and cash equivalents | $ | 29,281 |  |  | $ | 11,203 |  |  | $ | 44,310 |  |  | $ | 10,469 |  |  | $ | 95,263 |
Inventory | 701,527 |  |  | 322,630 |  |  |  |  |  |  |  | 1,024,157 |
Non-performing loan portfolio |  |  |  |  |  |  | 27,572 |  |  | 27,572 |
Rental properties |  |  |  |  | 278,897 |  |  |  |  | 278,897 |
Rental properties under development |  |  |  |  | 390,399 |  |  |  |  |  | 390,399 |
Real estate owned |  |  |  |  |  |  |  | 117,758 |  |  | 117,758 |
Other assets (1) | 70,799 |  |  | 61,144 |  |  | 12,199 |  |  | 80,475 |  |  | 224,617 |
Total assets | $ | 801,607 |  |  | $ | 394,977 |  |  | $ | 725,805 |  |  | $ | 236,274 |  |  | $ | 2,158,663 |
Debt (1) | $ | 417,025 |  |  | $ | 117,251 |  |  | $ | 514,895 |  |  | $ | 77,950 |  |  | $ | 1,127,121 |
Other liabilities | 29,772 |  |  | 70,078 |  |  | 30,329 |  |  | 136 |  |  | 130,315 |
Members’ equity | 354,810 |  |  | 207,648 |  |  | 180,581 |  |  | 63,288 |  |  | 806,327 |
Noncontrolling interest |  |  |  |  |  |  | 94,900 |  |  | 94,900 |
Total liabilities and equity | $ | 801,607 |  |  | $ | 394,977 |  |  | $ | 725,805 |  |  | $ | 236,274 |  |  | $ | 2,158,663 |
Company’s net investment in unconsolidated entities (2) | $ | 214,060 |  |  | $ | 76,120 |  |  | $ | 110,454 |  |  | $ | 12,226 |  |  | $ | 412,860 |
(1) | Included in other assets of the Gibraltar Joint Ventures at October 31, 2015 was $78.0 million of restricted cash held in a defeasance account that was used to repay debt of one of the Gibraltar Joint Ventures in December 2015.
(2) | Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of the acquisition price of an investment in a Land Development Joint Venture in fiscal 2012 that was in excess of our pro rata share of the underlying equity; impairments related to our investment in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations aggregate by type of business | Condensed Statements of Operations and Comprehensive Income:
| For the year ended October 31, 2016
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Revenues | $ | 142,015 |  |  | $ | 168,164 |  |  | $ | 58,707 |  |  | $ | 5,929 |  |  | $ | 374,815 |
Cost of revenues | 63,429 |  |  | 118,621 |  |  | 29,791 |  |  | 24,684 |  |  | 236,525 |
Other expenses | 3,904 |  |  | 8,124 |  |  | 30,779 |  |  | 2,043 |  |  | 44,850 |
Total expenses | 67,333 |  |  | 126,745 |  |  | 60,570 |  |  | 26,727 |  |  | 281,375 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  | 49,579 |  |  | 49,579 |
Income (loss) from operations | 74,682 |  |  | 41,419 |  |  | (1,863 | ) |  | 28,781 |  |  | 143,019 |
Other income (expense) | 3,464 |  |  | (486 | ) |  | 1,144 |  |  | 1,172 |  |  | 5,294 |
Net income (loss) | 78,146 |  |  | 40,933 |  |  | (719 | ) |  | 29,953 |  |  | 148,313 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | (18,218 | ) |  | (18,218 | )
Net income (loss) attributable to controlling interest | 78,146 |  |  | 40,933 |  |  | (719 | ) |  | 11,735 |  |  | 130,095 |
Other comprehensive income |  |  |  |  | 100 |  |  |  |  | 100 |
Total comprehensive income (loss) | $ | 78,146 |  |  | $ | 40,933 |  |  | $ | (619 | ) |  | $ | 11,735 |  |  | $ | 130,195 |
Company’s equity in earnings of unconsolidated entities (3) | $ | 15,772 |  |  | $ | 16,945 |  |  | $ | 5,721 |  |  | $ | 2,310 |  |  | $ | 40,748 |
| For the year ended October 31, 2015
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Revenues | $ | 128,889 |  |  | $ | 78,072 |  |  | $ | 35,732 |  |  | $ | 6,102 |  |  | $ | 248,795 |
Cost of revenues | 58,435 |  |  | 69,142 |  |  | 15,539 |  |  | 16,739 |  |  | 159,855 |
Other expenses | 1,999 |  |  | 6,135 |  |  | 24,174 |  |  | 1,312 |  |  | 33,620 |
Total expenses | 60,434 |  |  | 75,277 |  |  | 39,713 |  |  | 18,051 |  |  | 193,475 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  | 42,939 |  |  | 42,939 |
Income (loss) from operations | 68,455 |  |  | 2,795 |  |  | (3,981 | ) |  | 30,990 |  |  | 98,259 |
Other income | 615 |  |  | 1,072 |  |  | 4,376 |  |  | 2,224 |  |  | 8,287 |
Net income | 69,070 |  |  | 3,867 |  |  | 395 |  |  | 33,214 |  |  | 106,546 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | (19,928 | ) |  | (19,928 | )
Net income attributable to controlling interest | 69,070 |  |  | 3,867 |  |  | 395 |  |  | 13,286 |  |  | 86,618 |
Other comprehensive income |  |  |  |  |  |  | 52 |  |  |  |  |  | 52 |
Total comprehensive income | $ | 69,070 |  |  | $ | 3,867 |  |  | $ | 447 |  |  | $ | 13,286 |  |  | $ | 86,670 |
Company’s equity in earnings of unconsolidated entities (3) | $ | 12,005 |  |  | $ | 3,448 |  |  | $ | 3,027 |  |  | $ | 2,639 |  |  | $ | 21,119 |
| For the year ended October 31, 2014
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Revenues | $ | 136,949 |  |  | $ | 54,923 |  |  | $ | 32,875 |  |  | $ | 8,023 |  |  | $ | 232,770 |
Cost of revenues | 73,628 |  |  | 53,221 |  |  | 14,250 |  |  | 14,152 |  |  | 155,251 |
Other expenses | 730 |  |  | 5,165 |  |  | 35,003 |  |  | 1,585 |  |  | 42,483 |
Total expenses | 74,358 |  |  | 58,386 |  |  | 49,253 |  |  | 15,737 |  |  | 197,734 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  | 30,420 |  |  | 30,420 |
Income (loss) from operations | 62,591 |  |  | (3,463 | ) |  | (16,378 | ) |  | 22,706 |  |  | 65,456 |
Other income | 66 |  |  | 105 |  |  | 45,933 |  |  | 3,121 |  |  | 49,225 |
Net income (loss) | 62,657 |  |  | (3,358 | ) |  | 29,555 |  |  | 25,827 |  |  | 114,681 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | (15,496 | ) |  | (15,496 | )
Net income (loss) attributable to controlling interest | 62,657 |  |  | (3,358 | ) |  | 29,555 |  |  | 10,331 |  |  | 99,185 |
Other comprehensive income |  |  |  |  | 728 |  |  |  |  | 728 |
Total comprehensive income (loss) | $ | 62,657 |  |  | $ | (3,358 | ) |  | $ | 30,283 |  |  | $ | 10,331 |  |  | $ | 99,913 |
Company’s equity in earnings (losses) of unconsolidated entities (3) | $ | 1,190 |  |  | $ | (2,034 | ) |  | $ | 40,081 |  |  | $ | 1,904 |  |  | $ | 41,141 |
(3) | Differences between our equity in earnings (losses) of unconsolidated entities and the underlying net income (loss) of the entities is primarily a result a basis difference of an acquired joint venture interest; distributions from entities in excess of the carrying amount of our net investment; recoveries of previously incurred charges; a gain recognized for the sale of our ownership interest in one of our joint ventures; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.

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