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Investments in Unconsolidated Entities (Tables) | 12 Months Ended
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Oct. 31, 2017
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, 2017, 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 |  | 4 |  | 14 |  | 5 |  | 30
Investment in unconsolidated entities | $ | 236,062 |  |  | $ | 102,191 |  |  | $ | 127,439 |  |  | $ | 16,066 |  |  | $ | 481,758 |
Number of unconsolidated entities with funding commitments by the Company | 5 |  | 1 |  | 1 |  | 1 |  |  | 8
Company’s remaining funding commitment to unconsolidated entities | $ | 33,689 |  |  | $ | 8,300 |  |  | $ | 882 |  |  | $ | 9,621 |  |  | $ | 52,492 |
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, 2017, 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 |  | 3 |  | 12 |  | 19
Aggregate loan commitments | $ | 239,200 |  |  | $ | 382,600 |  |  | $ | 1,059,100 |  |  | $ | 1,680,900 |
Amounts borrowed under commitments | $ | 223,000 |  |  | $ | 173,300 |  |  | $ | 803,300 |  |  | $ | 1,199,600 |
Condensed balance sheet aggregated by type of business | Condensed Balance Sheets:
| October 31, 2017
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Cash and cash equivalents | $ | 77,667 |  |  | $ | 38,600 |  |  | $ | 24,367 |  |  | $ | 13,194 |  |  | $ | 153,828 |
Inventory | 629,159 |  |  | 503,131 |  |  |  |  |  | 15,919 |  |  | 1,148,209 |
Loan receivables, net |  |  |  |  |  |  | 22,495 |  |  | 22,495 |
Rental properties |  |  |  |  | 970,497 |  |  |  |  | 970,497 |
Rental properties under development |  |  |  |  | 190,541 |  |  |  |  |  | 190,541 |
Real estate owned |  |  |  |  |  |  |  | 53,902 |  |  | 53,902 |
Other assets | 96,725 |  |  | 31,794 |  |  | 26,637 |  |  | 1,462 |  |  | 156,618 |
Total assets | $ | 803,551 |  |  | $ | 573,525 |  |  | $ | 1,212,042 |  |  | $ | 106,972 |  |  | $ | 2,696,090 |
Debt | $ | 223,035 |  |  | $ | 173,285 |  |  | $ | 803,263 |  |  | $ | — |  |  | $ | 1,199,583 |
Other liabilities | 37,832 |  |  | 51,017 |  |  | 40,610 |  |  | 5,833 |  |  | 135,292 |
Members’ equity | 542,684 |  |  | 349,223 |  |  | 368,169 |  |  | 72,209 |  |  | 1,332,285 |
Noncontrolling interest |  |  |  |  |  |  | 28,930 |  |  | 28,930 |
Total liabilities and equity | $ | 803,551 |  |  | $ | 573,525 |  |  | $ | 1,212,042 |  |  | $ | 106,972 |  |  | $ | 2,696,090 |
Company’s net investment in unconsolidated entities (1) | $ | 236,062 |  |  | $ | 102,191 |  |  | $ | 127,439 |  |  | $ | 16,066 |  |  | $ | 481,758 |
| 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 |
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 |  |  | 6,217 |  |  | 180,103 |
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 (1) | $ | 223,483 |  |  | $ | 98,754 |  |  | $ | 153,640 |  |  | $ | 20,534 |  |  | $ | 496,411 |
(1) | Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities were 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 investments in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; gains recognized from the sale of our ownership interests; 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, 2017
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Revenues | $ | 288,440 |  |  | $ | 475,260 |  |  | $ | 115,519 |  |  | $ | 10,090 |  |  | $ | 889,309 |
Cost of revenues | 191,965 |  |  | 286,446 |  |  | 70,108 |  |  | 14,428 |  |  | 562,947 |
Other expenses | 6,508 |  |  | 13,102 |  |  | 59,503 |  |  | 3,942 |  |  | 83,055 |
Total expenses | 198,473 |  |  | 299,548 |  |  | 129,611 |  |  | 18,370 |  |  | 646,002 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  | 48,079 |  |  | 48,079 |
Income (loss) from operations | 89,967 |  |  | 175,712 |  |  | (14,092 | ) |  | 39,799 |  |  | 291,386 |
Other income | 4,723 |  |  | 7,317 |  |  | 1,556 |  |  | 432 |  |  | 14,028 |
Income (loss) before income taxes | 94,690 |  |  | 183,029 |  |  | (12,536 | ) |  | 40,231 |  |  | 305,414 |
Income tax provision | 94 |  |  | 7,473 |  |  | 95 |  |  |  |  | 7,662 |
Net income (loss) including earnings from noncontrolling interests | 94,596 |  |  | 175,556 |  |  | (12,631 | ) |  | 40,231 |  |  | 297,752 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | (20,439 | ) |  | (20,439 | )
Net income (loss) attributable to controlling interest | $ | 94,596 |  |  | $ | 175,556 |  |  | $ | (12,631 | ) |  | $ | 19,792 |  |  | $ | 277,313 |
Company’s equity in earnings of unconsolidated entities (2) | $ | 13,007 |  |  | $ | 77,339 |  |  | $ | 21,458 |  |  | $ | 4,262 |  |  | $ | 116,066 |
| 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 (2) | $ | 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 (2) | $ | 12,005 |  |  | $ | 3,448 |  |  | $ | 3,027 |  |  | $ | 2,639 |  |  | $ | 21,119 |
(2) | Differences between our equity in earnings of unconsolidated entities and the underlying net income (loss) of the entities were primarily a result of 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; unrealized gains on our retained joint venture interests; 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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