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Investments in Unconsolidated Entities (Tables) | 9 Months Ended
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Jul. 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 July 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 | $ | 198,001 |  |  | $ | 79,111 |  |  | $ | 132,938 |  |  | $ | 9,944 |  |  | $ | 419,994 |
Number of unconsolidated entities with funding commitments by the Company | 4 |  | 1 |  | 1 |  | 1 |  |  | 7
Company’s remaining funding commitment to unconsolidated entities | $ | 21,153 |  |  | $ | 8,300 |  |  | $ | 1,150 |  |  | $ | 9,621 |  |  | $ | 40,224 |
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 July 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 |  | 12 |  | 19
Aggregate loan commitments | $ | 181,081 |  |  | $ | 381,902 |  |  | $ | 1,022,085 |  |  | $ | 1,585,068 |
Amounts borrowed under loan commitments | $ | 166,156 |  |  | $ | 255,842 |  |  | $ | 793,135 |  |  | $ | 1,215,133 |
Condensed balance sheet | Condensed Balance Sheets:
| July 31, 2018 |  | October 31, 2017
Cash and cash equivalents | $ | 113,526 |  |  | $ | 153,828 |
Inventory | 1,042,117 |  |  | 1,148,209 |
Loans receivable, net | 9,758 |  |  | 22,495 |
Rental properties | 788,206 |  |  | 970,497 |
Rental properties under development | 394,620 |  |  | 190,541 |
Real estate owned | 26,546 |  |  | 53,902 |
Other assets | 165,600 |  |  | 156,618 |
Total assets | $ | 2,540,373 |  |  | $ | 2,696,090 |
Debt, net of deferred financing costs | $ | 1,201,543 |  |  | $ | 1,199,583 |
Other liabilities | 173,826 |  |  | 135,292 |
Members’ equity | 1,141,773 |  |  | 1,332,285 |
Noncontrolling interest | 23,231 |  |  | 28,930 |
Total liabilities and equity | $ | 2,540,373 |  |  | $ | 2,696,090 |
Company’s net investment in unconsolidated entities (1) | $ | 419,994 |  |  | $ | 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:
| Nine months ended July 31, |  | Three months ended July 31,
| 2018 |  | 2017 |  | 2018 |  | 2017
Revenues | $ | 393,522 |  |  | $ | 690,441 |  |  | $ | 117,239 |  |  | $ | 189,714 |
Cost of revenues | 303,209 |  |  | 389,996 |  |  | 93,799 |  |  | 99,102 |
Other expenses | 64,462 |  |  | 62,193 |  |  | 19,880 |  |  | 22,472 |
Total expenses | 367,671 |  |  | 452,189 |  |  | 113,679 |  |  | 121,574 |
Gain on disposition of loans and real estate owned | 52,444 |  |  | 39,530 |  |  | 25,964 |  |  | 7,891 |
Income from operations | 78,295 |  |  | 277,782 |  |  | 29,524 |  |  | 76,031 |
Other income | 106,141 |  |  | 11,175 |  |  | 25,275 |  |  | 1,678 |
Income before income taxes | 184,436 |  |  | 288,957 |  |  | 54,799 |  |  | 77,709 |
Income tax provision | 587 |  |  | 7,453 |  |  | 238 |  |  | 1,138 |
Net income including earnings from noncontrolling interests | 183,849 |  |  | 281,504 |  |  | 54,561 |  |  | 76,571 |
Less: income attributable to noncontrolling interest | (28,017 | ) |  | (16,417 | ) |  | (16,079 | ) |  | (3,328 | )
Net income attributable to controlling interest | $ | 155,832 |  |  | $ | 265,087 |  |  | $ | 38,482 |  |  | $ | 73,243 |
Company’s equity in earnings of unconsolidated entities (2) | $ | 53,913 |  |  | $ | 112,274 |  |  | $ | 12,469 |  |  | $ | 19,925 |
(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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