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Note 17
 9 Months Ended
Jul. 31, 2012
Segment Reporting Disclosure [Text Block]
17.  Our operating segments are components of our business for which discrete financial information is available and reviewed regularly by the chief operating decision-maker, our Chief Executive Officer, to evaluate performance and make operating decisions.  Based on this criteria, each of our communities qualifies as an operating segment, and therefore, it is impractical to provide segment disclosures for this many segments.  As such, we have aggregated the homebuilding operating segments into six reportable segments.

Our homebuilding operating segments are aggregated into reportable segments based primarily upon geographic proximity, similar regulatory environments, land acquisition characteristics and similar methods used to construct and sell homes.  The Company’s reportable segments consist of the following six homebuilding segments and a financial services segment:

Homebuilding:

 (1) Northeast (New Jersey and Pennsylvania)

 (2) Mid-Atlantic (Delaware, Maryland, Virginia, West Virginia, and Washington D.C.)

 (3) Midwest (Illinois, Minnesota, and Ohio)

 (4) Southeast (Florida, Georgia, North Carolina, and South Carolina)

 (5) Southwest (Arizona and Texas)

 (6) West (California)

Financial Services

Operations of the Company’s Homebuilding segments primarily include the sale and construction of single-family attached and detached homes, attached townhomes and condominiums, urban infill and active adult homes in planned residential developments.  In addition, from time to time, operations of the homebuilding segments include sales of land.  Operations of the Company’s Financial Services segment include mortgage banking and title services provided to the homebuilding operations’ customers.  We do not retain or service mortgages that we originate but rather sell the mortgages and related servicing rights to investors.

Corporate and unallocated primarily represents operations at our headquarters in Red Bank, New Jersey.  This includes our executive offices, information services, human resources, corporate accounting, training, treasury, process redesign, internal audit, construction services, and administration of insurance, quality, and safety.  It also includes interest income and interest expense resulting from interest incurred that cannot be capitalized in inventory in the Homebuilding segments, as well as the gains or losses on extinguishment of debt from debt repurchases.

  Evaluation of segment performance is based primarily on operating earnings from continuing operations before provision for income taxes (“Income (loss) before income taxes”).  Income (loss) before income taxes for the Homebuilding segments consists of revenues generated from the sales of homes and land, (loss) income from unconsolidated entities, management fees and other income, less the cost of homes and land sold, selling, general and administrative expenses, interest expense and non-controlling interest expense.  Income before income taxes for the Financial Services segment consists of revenues generated from mortgage financing, title insurance and closing services, less the cost of such services and certain selling, general and administrative expenses incurred by the Financial Services segment.

Operational results of each segment are not necessarily indicative of the results that would have occurred had the segment been an independent stand-alone entity during the periods presented.

Financial information relating to the Company’s segment operations was as follows:

   
 
Three Months Ended
July 31,
   
 
Nine Months Ended
July 31,
 
(In thousands)
 
2012
   
2011
   
2012
   
2011
 
                         
Revenues:
                       
Northeast
 
$
65,742
   
$
44,051
   
$
159,049
   
$
126,035
 
Mid-Atlantic
   
77,131
     
57,338
     
196,302
     
150,600
 
Midwest
   
28,271
     
17,721
     
70,100
     
49,295
 
Southeast
   
24,660
     
18,038
     
81,215
     
50,476
 
Southwest
   
139,790
     
108,188
     
346,331
     
298,829
 
West
   
40,559
     
32,423
     
119,322
     
97,896
 
Total homebuilding
   
376,153
     
277,759
     
972,319
     
773,131
 
Financial services
   
10,787
     
7,850
     
25,990
     
20,249
 
Corporate and unallocated
   
71
     
9
     
-
     
(98
)
Total revenues
 
$
387,011
   
$
285,618
   
$
998,309
   
$
793,282
 
                                 
Income (loss) before income taxes:
                               
Northeast
 
$
1,435
   
$
(8,400
)
 
$
(4,338
)
 
$
(43,124
)
Mid-Atlantic
   
4,946
     
(4,816
)
   
12,615
     
(13,805
)
Midwest
   
294
     
(2,893
)
   
(953
)
   
(7,226
)
Southeast
   
(2,417
)
   
(4,017
)
   
(9,150
)
   
(10,697
)
Southwest
   
11,815
     
7,577
     
24,600
     
19,449
 
West
   
(1,342
)
   
(6,151
)
   
(5,262
)
   
(23,159
)
Homebuilding income (loss) before income taxes
   
14,731
     
(18,700
)
   
17,512
     
(78,562
)
Financial services
   
4,676
     
2,303
     
9,339
     
4,055
 
Corporate and unallocated
   
(21,224
)
   
(39,178
)
   
(43,892
)
   
(119,313
)
Loss before income taxes
 
$
(1,817
)
 
$
(55,575
)
 
$
(17,041
)
 
$
(193,820
)

(In thousands)
 
July 31,
2012
   
October 31,
2011
 
             
Assets:
           
Northeast
 
$
411,486
   
$
385,217
 
Mid-Atlantic
   
212,153
     
219,287
 
Midwest
   
70,785
     
59,105
 
Southeast
   
83,349
     
83,044
 
Southwest
   
215,908
     
188,321
 
West
   
161,990
     
168,590
 
Total homebuilding
   
1,155,671
     
1,103,564
 
Financial services
   
117,628
     
85,106
 
Corporate and unallocated
   
351,544
     
413,510
 
Total assets
 
$
1,624,843
   
$
1,602,180