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Investments in Unconsolidated Entities (Tables) | 3 Months Ended
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Jan. 31, 2018
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, 2018, 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 |  | 5 |  | 29
Investment in unconsolidated entities | $ | 225,283 |  |  | $ | 93,185 |  |  | $ | 116,682 |  |  | $ | 14,598 |  |  | $ | 449,748 |
Number of unconsolidated entities with funding commitments by the Company | 5 |  | 1 |  | 1 |  | 1 |  |  | 8
Company’s remaining funding commitment to unconsolidated entities | $ | 23,689 |  |  | $ | 8,300 |  |  | $ | 609 |  |  | $ | 9,621 |  |  | $ | 42,219 |
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, 2018, 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 |  | 11 |  | 18
Aggregate loan commitments | $ | 200,988 |  |  | $ | 382,031 |  |  | $ | 948,335 |  |  | $ | 1,531,354 |
Amounts borrowed under loan commitments | $ | 184,944 |  |  | $ | 196,536 |  |  | $ | 733,876 |  |  | $ | 1,115,356 |
Condensed balance sheet | Condensed Balance Sheets:
| January 31, 2018 |  | October 31, 2017
Cash and cash equivalents | $ | 104,880 |  |  | $ | 153,828 |
Inventory | 1,067,806 |  |  | 1,148,209 |
Loans receivable, net | 19,532 |  |  | 22,495 |
Rental properties | 831,672 |  |  | 970,497 |
Rental properties under development | 223,904 |  |  | 190,541 |
Real estate owned | 54,621 |  |  | 53,902 |
Other assets | 159,816 |  |  | 156,618 |
Total assets | $ | 2,462,231 |  |  | $ | 2,696,090 |
Debt | $ | 1,115,356 |  |  | $ | 1,199,583 |
Other liabilities | 137,188 |  |  | 135,292 |
Members’ equity | 1,183,605 |  |  | 1,332,285 |
Noncontrolling interest | 26,082 |  |  | 28,930 |
Total liabilities and equity | $ | 2,462,231 |  |  | $ | 2,696,090 |
Company’s net investment in unconsolidated entities (1) | $ | 449,748 |  |  | $ | 481,758 |
(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 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 and comprehensive income | Condensed Statements of Operations:
| Three months ended January 31,
| 2018 |  | 2017
Revenues | $ | 193,620 |  |  | $ | 295,702 |
Cost of revenues | 148,750 |  |  | 165,706 |
Other expenses | 24,286 |  |  | 21,134 |
Total expenses | 173,036 |  |  | 186,840 |
Gain on disposition of loans and real estate owned | 14,671 |  |  | 8,886 |
Income from operations | 35,255 |  |  | 117,748 |
Other income | 79,363 |  |  | 2,586 |
Income before income taxes | 114,618 |  |  | 120,334 |
Income tax provision | 198 |  |  | 3,827 |
Net income including earnings from noncontrolling interests | 114,420 |  |  | 116,507 |
Less: income attributable to noncontrolling interest | (6,082 | ) |  | (2,080 | )
Net income attributable to controlling interest | $ | 108,338 |  |  | $ | 114,427 |
Company’s equity in earnings of unconsolidated entities (2) | $ | 38,880 |  |  | $ | 46,445 |
(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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