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Investments in Unconsolidated Entities (Tables) | 3 Months Ended
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Jan. 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 January 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 |  | 13 |  | 4 |  | 28
Investment in unconsolidated entities | $ | 300,124 |  |  | $ | 130,487 |  |  | $ | 149,599 |  |  | $ | 21,486 |  |  | $ | 601,696 |
Number of unconsolidated entities with funding commitments by the Company | 5 |  | 1 |  | 3 |  | 1 |  |  | 10
Company’s remaining funding commitment to unconsolidated entities | $ | 43,794 |  |  | $ | 8,300 |  |  | $ | 3,850 |  |  | $ | 9,621 |  |  | $ | 65,565 |
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 January 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 | 3 |  | 1 |  | 11 |  | 15
Aggregate loan commitments | $ | 275,000 |  |  | $ | 236,500 |  |  | $ | 1,002,866 |  |  | $ | 1,514,366 |
Amounts borrowed under loan commitments | $ | 237,626 |  |  | $ | 57,548 |  |  | $ | 708,174 |  |  | $ | 1,003,348 |
Condensed balance sheet | Condensed Balance Sheets:
| January 31, 2017 |  | October 31, 2016
Cash and cash equivalents | $ | 110,665 |  |  | $ | 130,794 |
Inventory | 1,177,928 |  |  | 1,074,888 |
Loans receivable, net | 26,684 |  |  | — |
Non-performing loan portfolio | 3,835 |  |  | 4,298 |
Rental properties | 675,069 |  |  | 621,615 |
Rental properties under development | 312,645 |  |  | 302,632 |
Real estate owned (“REO”) | 84,471 |  |  | 87,226 |
Other assets | 169,064 |  |  | 175,805 |
Total assets | $ | 2,560,361 |  |  | $ | 2,397,258 |
Debt | $ | 1,008,011 |  |  | $ | 1,164,883 |
Other liabilities | 132,829 |  |  | 152,881 |
Members’ equity | 1,322,829 |  |  | 980,354 |
Noncontrolling interest | 96,692 |  |  | 99,140 |
Total liabilities and equity | $ | 2,560,361 |  |  | $ | 2,397,258 |
Company’s net investment in unconsolidated entities (1) | $ | 601,696 |  |  | $ | 496,411 |
(1) | 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; 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 and comprehensive income | Condensed Statements of Operations and Comprehensive Income:
| Three months ended January 31,
| 2017 |  | 2016
Revenues | $ | 295,702 |  |  | $ | 42,486 |
Cost of revenues | 165,706 |  |  | 35,513 |
Other expenses | 21,134 |  |  | 9,307 |
Total expenses | 186,840 |  |  | 44,820 |
Gain on disposition of loans and REO | 8,886 |  |  | 25,983 |
Income from operations | 117,748 |  |  | 23,649 |
Other income | 2,586 |  |  | 1,005 |
Income before income taxes | 120,334 |  |  | 24,654 |
Income tax provision | 3,827 |  |  | — |
Net income including earnings from noncontrolling interests | 116,507 |  |  | 24,654 |
Less: income attributable to noncontrolling interest | (2,080 | ) |  | (11,610 | )
Net income attributable to controlling interest | 114,427 |  |  | 13,044 |
Other comprehensive income | — |  |  | 87 |
Total comprehensive income | $ | 114,427 |  |  | $ | 13,131 |
Company’s equity in earnings of unconsolidated entities (2) | $ | 46,445 |  |  | $ | 8,638 |
(2) | Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are 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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