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Note 17
 6 Months Ended
Apr. 30, 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
April 30,
     
Six Months Ended
April 30,
 
(In thousands)
 
2012
   
2011
   
2012
   
2011
 
                         
Revenues:
                       
  Northeast
  $ 51,775     $ 36,643     $ 93,307     $ 81,984  
  Mid-Atlantic
    64,776       46,840       119,171       93,262  
  Midwest
    23,631       17,484       41,829       31,574  
  Southeast
    36,346       16,918       56,555       32,438  
  Southwest
    114,716       99,248       206,540       190,641  
  West
    42,011       32,724       78,763       65,473  
     Total homebuilding
    333,255       249,857       596,165       495,372  
  Financial services
    8,513       5,304       15,203       12,398  
  Corporate and unallocated
    (70 )     (64 )     (71 )     (106 )
     Total revenues
  $ 341,698     $ 255,097     $ 611,297     $ 507,664  
                                 
Income (loss) before income taxes:
                               
  Northeast
  $ (125 )   $ (20,086 )   $ (5,773 )   $ (34,724 )
  Mid-Atlantic
    5,058       (5,830 )     7,669       (8,989 )
  Midwest
    (91 )     (2,407 )     (1,247 )     (4,333 )
  Southeast
    (3,876 )     (3,660 )     (6,733 )     (6,680 )
  Southwest
    8,235       6,469       12,785       11,872  
  West
    (2,948 )     (8,394 )     (3,920 )     (17,008 )
     Homebuilding income (loss) before income taxes
    6,253       (33,908 )     2,781       (59,862 )
  Financial services
    3,150       127       4,663       1,751  
  Corporate and unallocated
    (7,065 )     (39,901 )     (22,668 )     (80,134 )
     Income (loss) before income taxes
  $ 2,338     $ (73,682 )   $ (15,224 )   $ (138,245 )

(In thousands)
 
April 30,
2012
   
October 31,
2011
 
             
Assets:
           
  Northeast
  $ 377,177     $ 385,217  
  Mid-Atlantic
    214,944       219,287  
  Midwest
    67,774       59,105  
  Southeast
    78,018       83,044  
  Southwest
    193,336       188,321  
  West
    153,454       168,590  
     Total homebuilding
    1,084,703       1,103,564  
  Financial services
    98,849       85,106  
  Corporate and unallocated
    334,391       413,510  
     Total assets
  $ 1,517,943     $ 1,602,180