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v3.22.2.2

Information on Segments (Tables) | 9 Months Ended
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Jul. 31, 2022
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):
| Three months ended July 31, |  | Nine months ended July 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |
Traditional Home Building: |  |  |  |  |  |  |
North | $ | 478,652 |  |  | $ | 402,885 |  |  | $ | 1,174,919 |  |  | $ | 1,106,189 |
Mid-Atlantic | 253,973 |  |  | 276,853 |  |  | 765,100 |  |  | 659,128 |
South | 352,674 |  |  | 291,725 |  |  | 922,544 |  |  | 788,785 |
Mountain | 660,517 |  |  | 553,192 |  |  | 1,776,375 |  |  | 1,363,019 |
Pacific | 506,597 |  |  | 523,995 |  |  | 1,433,041 |  |  | 1,313,758 |
Traditional Home Building | 2,252,413 |  |  | 2,048,650 |  |  | 6,071,979 |  |  | 5,230,879 |
City Living | 2,857 |  |  | 184,099 |  |  | 60,631 |  |  | 249,877 |
Corporate and other | 1,067 |  |  | 1,616 |  |  | (2,392) |  |  | 573 |
Total home sales revenues | 2,256,337 |  |  | 2,234,365 |  |  | 6,130,218 |  |  | 5,481,329 |
Land sales and other revenues | 238,465 |  |  | 21,116 |  |  | 433,206 |  |  | 267,652 |
Total revenues | $ | 2,494,802 |  |  | $ | 2,255,481 |  |  | $ | 6,563,424 |  |  | $ | 5,748,981 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Traditional Home Building: |  |  |  |  |  |  |
North | $ | 80,543 |  |  | $ | 39,700 |  |  | $ | 162,812 |  |  | $ | 97,802 |
Mid-Atlantic | 40,129 |  |  | 25,347 |  |  | 117,361 |  |  | 68,127 |
South | 56,334 |  |  | 41,439 |  |  | 121,845 |  |  | 101,190 |
Mountain | 120,606 |  |  | 85,085 |  |  | 296,579 |  |  | 173,178 |
Pacific | 125,257 |  |  | 85,029 |  |  | 306,810 |  |  | 206,750 |
Traditional Home Building | 422,869 |  |  | 276,600 |  |  | 1,005,407 |  |  | 647,047 |
City Living (1) | (4,564) |  |  | 65,912 |  |  | 7,889 |  |  | 111,084 |
Corporate and other | (52,354) |  |  | (39,117) |  |  | (150,714) |  |  | (157,505) |
Total | $ | 365,951 |  |  | $ | 303,395 |  |  | $ | 862,582 |  |  | $ | 600,626 |
(1) In the first quarter of fiscal 2021, we sold certain commercial assets associated with our Hoboken, New Jersey condominium projects for $82.4 million which is included in Land sales and other revenues above. City Living recognized net gains of $38.3 million from these sales. “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 our apartment rental development business; 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, 2022 |  | October 31, 2021
Traditional Home Building: |  |  |
North | $ | 1,415,913 |  |  | $ | 1,357,168 |
Mid-Atlantic | 1,072,498 |  |  | 976,887 |
South | 2,116,511 |  |  | 1,421,612 |
Mountain | 2,888,093 |  |  | 2,397,484 |
Pacific | 2,464,769 |  |  | 2,174,997 |
Traditional Home Building | 9,957,784 |  |  | 8,328,148 |
City Living | 275,313 |  |  | 332,972 |
Corporate and other | 1,510,156 |  |  | 2,876,730 |
Total | $ | 11,743,253 |  |  | $ | 11,537,850 |
“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):
| Three months ended July 31, |  | Nine months ended July 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Traditional Home Building: |  |  |  |  |  |  |
North | $ | 387 |  |  | $ | 2,492 |  |  | $ | 1,156 |  |  | $ | 2,557 |
Mid-Atlantic | 1,200 |  |  | 10,488 |  |  | 2,346 |  |  | 10,578 |
South | 405 |  |  | 28 |  |  | 1,014 |  |  | 472 |
Mountain | 1,421 |  |  | 68 |  |  | 1,865 |  |  | 88 |
Pacific | 435 |  |  | 74 |  |  | 692 |  |  | 1,202 |
Traditional Home Building | 3,848 |  |  | 13,150 |  |  | 7,073 |  |  | 14,897 |
City Living | 2,400 |  |  | — |  |  | 3,600 |  |  | 1,100 |
Total | $ | 6,248 |  |  | $ | 13,150 |  |  | $ | 10,673 |  |  | $ | 15,997 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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