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v3.20.2

Information on Segments (Tables) | 9 Months Ended
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Jul. 31, 2020
Segment Reporting [Abstract] |
Revenue and income (loss) before income taxes and total assets | Revenues and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands):
| Nine months ended July 31, |  |  |  | Three months ended July 31, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
|  |  | (Restated) |  |  |  | (Restated)
Revenues: |  |  |  |  |  |  |
Traditional Home Building: |  |  |  |  |  |  |
North | $ | 840,481 |  |  | $ | 976,616 |  |  | $ | 290,399 |  |  | $ | 360,008 |
Mid-Atlantic | 556,655 |  |  | 522,703 |  |  | 201,279 |  |  | 213,716 |
South | 690,809 |  |  | 663,109 |  |  | 276,319 |  |  | 243,420 |
Mountain | 1,026,000 |  |  | 804,901 |  |  | 425,400 |  |  | 292,693 |
Pacific | 1,225,072 |  |  | 1,597,157 |  |  | 406,424 |  |  | 573,492 |
Traditional Home Building | 4,339,017 |  |  | 4,564,486 |  |  | 1,599,821 |  |  | 1,683,329 |
City Living | 102,973 |  |  | 224,560 |  |  | 26,366 |  |  | 71,892 |
Corporate and other | (607) |  |  | (711) |  |  | 1,625 |  |  | 1,749 |
Total home sales revenues | 4,441,383 |  |  | 4,788,335 |  |  | 1,627,812 |  |  | 1,756,970 |
Land sales revenues | 90,609 |  |  | 56,631 |  |  | 23,677 |  |  | 8,721 |
Total revenues | $ | 4,531,992 |  |  | $ | 4,844,966 |  |  | $ | 1,651,489 |  |  | $ | 1,765,691 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Traditional Home Building: |  |  |  |  |  |  |
North | $ | 33,249 |  |  | $ | 47,483 |  |  | $ | 13,722 |  |  | $ | 25,126 |
Mid-Atlantic | 20,189 |  |  | 29,571 |  |  | 13,356 |  |  | 11,968 |
South | 61,612 |  |  | 68,711 |  |  | 32,422 |  |  | 24,397 |
Mountain | 103,883 |  |  | 85,172 |  |  | 53,099 |  |  | 32,192 |
Pacific | 207,867 |  |  | 336,412 |  |  | 76,808 |  |  | 121,798 |
Traditional Home Building | 426,800 |  |  | 567,349 |  |  | 189,407 |  |  | 215,481 |
City Living | 27,789 |  |  | 59,661 |  |  | 9,543 |  |  | 19,185 |
Corporate and other | (134,679) |  |  | (112,489) |  |  | (47,085) |  |  | (47,750) |
Total | $ | 319,910 |  |  | $ | 514,521 |  |  | $ | 151,865 |  |  | $ | 186,916 |
“Corporate and other” is comprised principally of general corporate expenses such as our executive offices; 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, as of the dates indicated, are shown in the table below (amounts in thousands):
| July 31, 2020 |  | October 31, 2019
|  |  | (Restated)
Traditional Home Building: |  |  |
North | $ | 1,526,703 |  |  | $ | 1,487,012 |
Mid-Atlantic | 946,295 |  |  | 854,470 |
South | 1,232,172 |  |  | 1,165,974 |
Mountain | 1,961,496 |  |  | 1,769,649 |
Pacific | 2,475,221 |  |  | 2,627,417 |
Traditional Home Building | 8,141,887 |  |  | 7,904,522 |
City Living | 537,855 |  |  | 529,507 |
Corporate and other | 1,857,689 |  |  | 2,394,109 |
Total | $ | 10,537,431 |  |  | $ | 10,828,138 |
“Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, deferred tax assets, 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.
Schedule of inventory impairments by segment | 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 periods indicated, were as follows (amounts in thousands):
| Nine months ended July 31, |  |  |  | Three months ended July 31, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Traditional Home Building: |  |  |  |  |  |  |
North | $ | 1,478 |  |  | $ | 17,860 |  |  | $ | 1,106 |  |  | $ | 212 |
Mid-Atlantic | 15,449 |  |  | 1,380 |  |  | 4,783 |  |  | 1,277 |
South | 2,619 |  |  | 7,418 |  |  | 630 |  |  | 3,072 |
Mountain | 427 |  |  | 102 |  |  | 167 |  |  | 87 |
Pacific | 1,961 |  |  | 76 |  |  | 4 |  |  | 31 |
Total | 21,934 |  |  | 26,836 |  |  | 6,690 |  |  | 4,679 |
City Living |  |  | 4,800 |  |  |  |  | — |
| $ | 21,934 |  |  | $ | 31,636 |  |  | $ | 6,690 |  |  | $ | 4,679 |

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