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Information on Segments | 12 Months Ended
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Oct. 31, 2020
Segment Reporting [Abstract] |
Information on Segments | Information on Segments The table below summarizes revenue and income (loss) before income taxes for our segments for each of the fiscal years ended October 31, 2020, 2019, and 2018 (amounts in thousands). In the first quarter of fiscal 2020, we made certain changes to our Traditional Home Building regional management structure and realigned certain of the states falling among our five geographic segments. See Note 1. Amounts for fiscal 2019 and 2018 have been restated to reflect this change.
| Revenue |  | Income (loss) before income taxes
| 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018
|  |  | (Restated) |  | (Restated) |  |  |  | (Restated) |  | (Restated)
Traditional Home Building: |  |  |  |  |  |  |  |  |  |  |
North | $ | 1,364,750 |  |  | $ | 1,484,430 |  |  | $ | 1,517,917 |  |  | $ | 57,826 |  |  | $ | 81,350 |  |  | $ | 98,233 |
Mid-Atlantic | 845,597 |  |  | 804,342 |  |  | 775,676 |  |  | 50,621 |  |  | 50,737 |  |  | 59,254 |
South | 1,041,204 |  |  | 991,915 |  |  | 868,580 |  |  | 108,399 |  |  | 106,082 |  |  | 99,920 |
Mountain | 1,535,757 |  |  | 1,130,874 |  |  | 1,126,580 |  |  | 167,687 |  |  | 112,979 |  |  | 136,163 |
Pacific | 2,029,851 |  |  | 2,416,629 |  |  | 2,533,506 |  |  | 352,831 |  |  | 509,760 |  |  | 571,353 |
Traditional Home Building | 6,817,159 |  |  | 6,828,190 |  |  | 6,822,259 |  |  | 737,364 |  |  | 860,908 |  |  | 964,923 |
City Living | 120,946 |  |  | 253,188 |  |  | 320,999 |  |  | 29,679 |  |  | 70,133 |  |  | 78,149 |
Corporate and other | (748) |  |  | (999) |  |  |  |  | (180,142) |  |  | (143,871) |  |  | (109,156) |
| 6,937,357 |  |  | 7,080,379 |  |  | 7,143,258 |  |  | 586,901 |  |  | 787,170 |  |  | 933,916 |
Land sales and other revenue | 140,302 |  |  | 143,587 |  |  | — |  |  |  |  |  |  |
Total | $ | 7,077,659 |  |  | $ | 7,223,966 |  |  | $ | 7,143,258 |  |  | $ | 586,901 |  |  | $ | 787,170 |  |  | $ | 933,916 |
“Corporate and other” is comprised principally of general corporate expenses such as the offices of our executive officers; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including Gibraltar; and income from our Rental Property Joint Ventures and Gibraltar Joint Ventures. Total assets for each of our segments at October 31, 2020 and 2019, are shown in the table below (amounts in thousands):
| 2020 |  | 2019
|  |  | (Restated)
Traditional Home Building: |  |  |
North | $ | 1,427,523 |  |  | $ | 1,487,012 |
Mid-Atlantic | 918,641 |  |  | 854,470 |
South | 1,176,962 |  |  | 1,165,974 |
Mountain | 1,961,348 |  |  | 1,769,649 |
Pacific | 2,226,685 |  |  | 2,627,417 |
Traditional Home Building | 7,711,159 |  |  | 7,904,522 |
City Living | 539,750 |  |  | 529,507 |
Corporate and other | 2,814,824 |  |  | 2,394,109 |
| $ | 11,065,733 |  |  | $ | 10,828,138 |
“Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, income tax receivable, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, our Gibraltar investments and operations, manufacturing facilities, and our mortgage and title subsidiaries. Inventory for each of our segments, as of the dates indicated, is shown in the table below (amounts in thousands):
| Land controlled for future communities |  | Land owned for future communities |  | Operating communities |  | Total
Balances at October 31, 2020 |  |  |  |  |  |  |
Traditional Home Building: |  |  |  |  |  |  |
North | $ | 40,753 |  |  | $ | 155,737 |  |  | $ | 1,140,833 |  |  | $ | 1,337,323 |
Mid-Atlantic | 31,572 |  |  | 142,196 |  |  | 647,481 |  |  | 821,249 |
South | 13,964 |  |  | 122,671 |  |  | 847,360 |  |  | 983,995 |
Mountain | 8,811 |  |  | 38,370 |  |  | 1,840,830 |  |  | 1,888,011 |
Pacific | 128,425 |  |  | 379,916 |  |  | 1,656,682 |  |  | 2,165,023 |
Traditional Home Building | 223,525 |  |  | 838,890 |  |  | 6,133,186 |  |  | 7,195,601 |
City Living | — |  |  | 197,953 |  |  | 265,352 |  |  | 463,305 |
| $ | 223,525 |  |  | $ | 1,036,843 |  |  | $ | 6,398,538 |  |  | $ | 7,658,906 |
Balances at October 31, 2019 (Restated) |  |  |  |  |  |  |
Traditional Home Building: |  |  |  |  |  |  |
North | $ | 32,712 |  |  | $ | 99,947 |  |  | $ | 1,233,234 |  |  | $ | 1,365,893 |
Mid-Atlantic | 50,534 |  |  | 76,682 |  |  | 705,763 |  |  | 832,979 |
South | 10,326 |  |  | 118,830 |  |  | 845,590 |  |  | 974,746 |
Mountain | 18,973 |  |  | 34,165 |  |  | 1,651,792 |  |  | 1,704,930 |
Pacific | 70,384 |  |  | 353,186 |  |  | 2,115,531 |  |  | 2,539,101 |
Traditional Home Building | 182,929 |  |  | 682,810 |  |  | 6,551,910 |  |  | 7,417,649 |
City Living | — |  |  | 185,391 |  |  | 270,008 |  |  | 455,399 |
| $ | 182,929 |  |  | $ | 868,201 |  |  | $ | 6,821,918 |  |  | $ | 7,873,048 |
The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable for each of our segments, for the years ended October 31, 2020, 2019, and 2018, are shown in the table below (amounts in thousands):
| 2020 |  | 2019 |  | 2018
|  |  | (Restated) |  | (Restated)
Traditional Home Building: |  |  |  |  |
North | $ | 28,352 |  |  | $ | 25,472 |  |  | $ | 20,675 |
Mid-Atlantic | 17,905 |  |  | 1,535 |  |  | 11,839 |
South | 2,869 |  |  | 8,452 |  |  | 720 |
Mountain | 790 |  |  | 984 |  |  | 176 |
Pacific | 5,967 |  |  | 1,117 |  |  | 879 |
Traditional Home Building | 55,883 |  |  | 37,560 |  |  | 34,289 |
City Living | — |  |  | 4,800 |  |  | 98 |
Corporate and other | — |  |  | — |  |  | 769 |
| $ | 55,883 |  |  | $ | 42,360 |  |  | $ | 35,156 |
The net carrying value of our investments in unconsolidated entities and our equity in earnings (losses) from such investments, for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands):
|  | Investments in unconsolidated entities |  | Equity in earnings (losses) from unconsolidated entities
|  | At October 31, |  | Year ended October 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2018
|  |  |  | (Restated) |  |  |  | (Restated) |  | (Restated)
Traditional Home Building: |  |  |  |  |  |  |  |  |  |
Mid-Atlantic |  | $ | 33,523 |  |  | $ | 8,525 |  |  | $ | (11) |  |  | $ | — |  |  | $ | (4,000) |
South |  | 93,734 |  |  | 91,956 |  |  | 14,012 |  |  | 19,098 |  |  | 12,263 |
Mountain |  | — |  |  | — |  |  | 381 |  |  | — |  |  | (63) |
Pacific |  | 433 |  |  | 9,825 |  |  | 1,280 |  |  | (37) |  |  | 2,404 |
Traditional Home Building |  | 127,690 |  |  | 110,306 |  |  | 15,662 |  |  | 19,061 |  |  | 10,604 |
City Living |  | 33,819 |  |  | 60,512 |  |  | (7,674) |  |  | 4,103 |  |  | 6,857 |
Corporate and other |  | 269,192 |  |  | 195,434 |  |  | (7,040) |  |  | 1,704 |  |  | 67,779 |
|  | $ | 430,701 |  |  | $ | 366,252 |  |  | $ | 948 |  |  | $ | 24,868 |  |  | $ | 85,240 |
“Corporate and other” is comprised of our investments in the Rental Property Joint Ventures and the Gibraltar Joint Ventures.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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