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Investments in Unconsolidated Entities (Tables) | 3 Months Ended
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Jan. 31, 2020
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, 2020, 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 | 8 |  | 4 |  | 21 |  | 7 |  | 40
Investment in unconsolidated entities | $ | 101,946 |  |  | $ | 48,860 |  |  | $ | 191,443 |  |  | $ | 22,103 |  |  | $ | 364,352 |
Number of unconsolidated entities with funding commitments by the Company | 2 |  | 1 |  | 1 |  | 1 |  |  | 5
Company’s remaining funding commitment to unconsolidated entities | $ | 28,108 |  |  | $ | 1,400 |  |  | $ | 224 |  |  | $ | 6,830 |  |  | $ | 36,562 |
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, 2020, 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 |  | 19 |  | 23
Aggregate loan commitments | $ | 100,842 |  |  | $ | 73,021 |  |  | $ | 1,441,784 |  |  | $ | 1,615,647 |
Amounts borrowed under loan commitments | $ | 86,092 |  |  | $ | 73,021 |  |  | $ | 1,009,618 |  |  | $ | 1,168,731 |
Condensed balance sheet | Condensed Balance Sheets:
| January 31, 2020 |  | October 31, 2019
Cash and cash equivalents | $ | 68,237 |  |  | $ | 85,819 |
Inventory | 516,740 |  |  | 579,226 |
Loans receivable, net | 65,375 |  |  | 56,545 |
Rental properties | 923,356 |  |  | 1,021,848 |
Rental properties under development | 675,921 |  |  | 535,197 |
Real estate owned | 12,274 |  |  | 12,267 |
Other assets | 160,840 |  |  | 212,761 |
Total assets | $ | 2,422,743 |  |  | $ | 2,503,663 |
Debt, net of deferred financing costs | $ | 1,166,882 |  |  | $ | 1,226,857 |
Other liabilities | 177,092 |  |  | 175,827 |
Members’ equity | 1,078,769 |  |  | 1,100,563 |
Noncontrolling interest | — |  |  | 416 |
Total liabilities and equity | $ | 2,422,743 |  |  | $ | 2,503,663 |
Company’s net investment in unconsolidated entities (1) | $ | 364,352 |  |  | $ | 366,252 |
(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 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; unrealized gains on our retained joint venture interests; 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,
| 2020 |  | 2019
Revenues | $ | 133,170 |  |  | $ | 153,230 |
Cost of revenues | 95,308 |  |  | 131,755 |
Other expenses | 41,183 |  |  | 18,475 |
Total expenses | 136,491 |  |  | 150,230 |
Gain on disposition of loans and real estate owned | — |  |  | 3,694 |
(Loss) income from operations | (3,321 | ) |  | 6,694 |
Other income | 612 |  |  | 647 |
(Loss) income before income taxes | (2,709 | ) |  | 7,341 |
Income tax provision | 140 |  |  | 265 |
Net (loss) income including earnings from noncontrolling interests | (2,849 | ) |  | 7,076 |
Less: income attributable to noncontrolling interest | — |  |  | (2,109 | )
Net (loss) income attributable to controlling interest | $ | (2,849 | ) |  | $ | 4,967 |
Company’s equity in earnings of unconsolidated entities (1) | $ | 12,141 |  |  | $ | 6,140 |
(1) Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are primarily a result of 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; gains recognized from the sale of our investment to our joint venture partner; 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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