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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2011
Jul. 31, 2010
Revenues:        
Sale of homes $ 276,479 $ 368,077 $ 759,338 $ 987,923
Land sales and other revenues 1,289 3,770 13,695 7,489
Total homebuilding 277,768 371,847 773,033 995,412
Financial services 7,850 8,753 20,249 23,418
Total revenues 285,618 380,600 793,282 1,018,830
Expenses:        
Cost of sales, excluding interest 234,256 306,054 646,149 822,796
Cost of sales interest 14,222 22,184 43,804 60,777
Inventory impairment loss and land option write-offs 11,426 48,959 41,876 55,111
Total cost of sales 259,904 377,197 731,829 938,684
Selling, general and administrative 34,900 42,184 114,944 127,615
Total homebuilding expenses 294,804 419,381 846,773 1,066,299
Financial services 5,547 6,168 16,194 17,194
Corporate general and administrative 11,648 14,816 38,609 45,232
Other interest 25,207 22,671 74,079 71,634
Other operations 341 1,791 1,933 5,455
Total expenses 337,547 464,827 977,588 1,205,814
(Loss) gain on extinguishment of debt (1,391) 5,256 (3,035) 25,047
Loss from unconsolidated joint ventures (2,255) (871) (6,479) (853)
Loss before income taxes (55,575) (79,842) (193,820) (162,790)
State and federal income tax benefit:        
State (4,642) (6,988) (4,349) (6,160)
Federal (3)   (1,732) (291,331)
Total income taxes (4,645) (6,988) (6,081) (297,491)
Net (loss) income $ (50,930) $ (72,854) $ (187,739) $ 134,701
Basic:        
(Loss) income per common share (in Dollars per share) $ (0.47) $ (0.92) $ (1.92) $ 1.71
Weighted-average number of common shares outstanding (in Shares) 108,721 78,763 97,648 78,662
Assuming dilution:        
(Loss) income per common share (in Dollars per share) $ (0.47) $ (0.92) $ (1.92) $ 1.69
Weighted-average number of common shares outstanding (in Shares) 108,721 78,763 97,648 79,873