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Investments in Unconsolidated Entities (Tables) | 9 Months Ended
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Jul. 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 July 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 | 9 |  | 4 |  | 25 |  | 7 |  | 45
Investment in unconsolidated entities | $ | 129,019 |  |  | $ | 37,608 |  |  | $ | 225,294 |  |  | $ | 20,845 |  |  | $ | 412,766 |
Number of unconsolidated entities with funding commitments by the Company | 3 |  | — |  | 9 |  | 1 |  |  | 13
Company’s remaining funding commitment to unconsolidated entities | $ | 30,300 |  |  | $ | — |  |  | $ | 24,251 |  |  | $ | 3,675 |  |  | $ | 58,226 |
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, 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 | 4 |  | 1 |  | 22 |  |  |  | 27
Aggregate loan commitments | $ | 158,823 |  |  | $ | 43,054 |  |  | $ | 1,607,742 |  |  |  |  | $ | 1,809,619 |
Amounts borrowed under loan commitments | $ | 133,654 |  |  | $ | 43,054 |  |  | $ | 1,150,967 |  |  |  |  | $ | 1,327,675 |
Condensed balance sheet | Condensed Balance Sheets:
| July 31, 2020 |  | October 31, 2019
Cash and cash equivalents | $ | 98,313 |  |  | $ | 85,819 |
Inventory | 542,824 |  |  | 579,226 |
Loans receivable, net | 66,779 |  |  | 56,545 |
Rental properties | 1,049,035 |  |  | 1,021,848 |
Rental properties under development | 768,686 |  |  | 535,197 |
Real estate owned | 6,752 |  |  | 12,267 |
Other assets | 167,279 |  |  | 212,761 |
Total assets | $ | 2,699,668 |  |  | $ | 2,503,663 |
Debt, net of deferred financing costs | $ | 1,328,035 |  |  | $ | 1,226,857 |
Other liabilities | 169,440 |  |  | 175,827 |
Members’ equity | 1,201,846 |  |  | 1,100,563 |
Noncontrolling interest | 347 |  |  | 416 |
Total liabilities and equity | $ | 2,699,668 |  |  | $ | 2,503,663 |
Company’s net investment in unconsolidated entities (1) | $ | 412,766 |  |  | $ | 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 other than temporary 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:
| Nine months ended July 31, |  |  |  | Three months ended July 31, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenues | $ | 291,179 |  |  | $ | 511,226 |  |  | $ | 78,897 |  |  | $ | 179,608 |
Cost of revenues | 203,127 |  |  | 443,740 |  |  | 57,778 |  |  | 154,787 |
Other expenses | 100,419 |  |  | 64,027 |  |  | 27,237 |  |  | 22,674 |
Total expenses | 303,546 |  |  | 507,767 |  |  | 85,015 |  |  | 177,461 |
Gain on disposition of loans and real estate owned | 1,053 |  |  | 4,383 |  |  | 1,053 |  |  | 689 |
(Loss) income from operations | (11,314) |  |  | 7,842 |  |  | (5,065) |  |  | 2,836 |
Other income | 977 |  |  | 31,584 |  |  | 448 |  |  | 29,846 |
(Loss) income before income taxes | (10,337) |  |  | 39,426 |  |  | (4,617) |  |  | 32,682 |
Income tax (benefit) provision | (111) |  |  | 596 |  |  | 37 |  |  | 201 |
Net (loss) income including earnings from noncontrolling interests | (10,226) |  |  | 38,830 |  |  | (4,654) |  |  | 32,481 |
Less: income (loss) attributable to noncontrolling interest | 34 |  |  | (9,600) |  |  | 34 |  |  | (7,521) |
Net (loss) income attributable to controlling interest | $ | (10,192) |  |  | $ | 29,230 |  |  | $ | (4,620) |  |  | $ | 24,960 |
Company’s equity (deficit) in earnings of unconsolidated entities (1) | $ | 5,304 |  |  | $ | 17,759 |  |  | $ | (2,566) |  |  | $ | 7,200 |
(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; other than temporary impairments related to our investments in unconsolidated entities; 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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