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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
Jul. 31, 2011
Revenues:        
Sale of homes $ 371,481 $ 276,479 $ 936,305 $ 759,338
Land sales and other revenues 4,743 1,289 36,014 13,695
Total homebuilding 376,224 277,768 972,319 773,033
Financial services 10,787 7,850 25,990 20,249
Total revenues 387,011 285,618 998,309 793,282
Expenses:        
Cost of sales, excluding interest 305,178 234,256 794,168 646,149
Cost of sales interest 14,298 14,222 40,091 43,804
Inventory impairment loss and land option write-offs 689 11,426 7,230 41,876
Total cost of sales 320,165 259,904 841,489 731,829
Selling, general and administrative 36,230 34,900 104,609 114,944
Total homebuilding expenses 356,395 294,804 946,098 846,773
Financial services 6,111 5,547 16,651 16,194
Corporate general and administrative 11,913 11,648 36,961 38,609
Other interest 24,590 [1],[2] 25,207 [1],[2] 72,641 [1],[2] 74,079 [1],[2]
Other operations (income) expense (3,099) 341 3,289 1,933
Total expenses 395,910 337,547 1,075,640 977,588
Gain (loss) on extinguishment of debt 6,230 (1,391) 57,966 (3,035)
Income (loss) from unconsolidated joint ventures 852 (2,255) 2,324 (6,479)
(Loss) before income taxes (1,817) (55,575) (17,041) (193,820)
State and federal income tax (benefit) provision:        
State (36,563) (4,642) (35,461) (4,349)
Federal 70 (3) 207 (1,732)
Total income taxes (36,493) (4,645) (35,254) (6,081)
Net income (loss) $ 34,676 $ (50,930) $ 18,213 $ (187,739)
Basic:        
Income (loss) per common share (in Dollars per share) $ 0.25 $ (0.47) $ 0.15 $ (1.92)
Weighted-average number of common shares outstanding (in Shares) 138,472 108,721 121,357 97,648
Assuming dilution:        
Income (loss) per common share (in Dollars per share) $ 0.25 $ (0.47) $ 0.15 $ (1.92)
Weighted-average number of common shares outstanding (in Shares) 138,552 108,721 121,380 97,648
[1] Other interest expensed is comprised of interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt. Interest on completed homes and land in planning, which does not qualify for capitalization, is expensed.
[2] Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest.