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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Oct. 31, 2011
Homebuilding:      
Total revenues $ 1,851,253 $ 1,485,353 $ 1,134,907
Homebuilding:      
Inventory impairment loss and land option write-offs 4,965 12,530 101,749
Corporate general and administrative 54,357 48,232 49,938
Other interest 91,344 [1],[2] 97,895 [1],[2] 97,169 [1],[2]
Other operations 790 4,205 4,805
Total expenses 1,840,598 1,562,936 1,425,065
(Loss) gain on extinguishment of debt (760) (29,066) 7,528
Income (loss) from unconsolidated joint ventures 12,040 5,401 (8,958)
Income (loss) before income taxes 21,935 (101,248) (291,588)
State and federal income tax (benefit) provision:      
Tax provision (benefit) (9,360) (35,051) (5,501)
Net income (loss) 31,295 (66,197) (286,087)
Basic:      
Income (loss) per common share (in Dollars per share) $ 0.22 $ (0.52) $ (2.85)
Weighted-average number of common shares outstanding (in Shares) 145,087 126,350 100,444
Assuming dilution:      
Income (loss) per common share (in Dollars per share) $ 0.22 $ (0.52) $ (2.85)
Weighted-average number of common shares outstanding (in Shares) 162,329 126,350 100,444
Homebuilding [Member]
     
Homebuilding:      
Sale of homes 1,784,327 1,405,580 1,072,474
Land sales and other revenues 19,199 41,038 32,952
Total homebuilding 1,803,526 1,446,618 1,105,426
Total revenues 1,803,657 1,446,591 1,105,530
Homebuilding:      
Cost of sales, excluding interest 1,442,044 1,179,801 913,901
Cost of sales interest 52,230 54,538 74,676
Inventory impairment loss and land option write-offs 4,965 12,530 101,749
Total cost of sales 1,499,239 1,246,869 1,090,326
Selling, general and administrative 165,809 142,087 161,456
Total homebuilding expenses 1,665,048 1,388,956 1,251,782
Total expenses 1,811,539 1,539,288 1,403,694
Income (loss) before income taxes 135,489 47,005 (148,696)
Financial Services [Member]
     
Homebuilding:      
Financial services 47,727 38,735 29,481
Total revenues 47,727 38,735 29,481
Homebuilding:      
Financial services 29,059 23,648 21,371
Income (loss) before income taxes 18,668 15,087 8,109
State and Local Jurisdiction [Member]
     
State and federal income tax (benefit) provision:      
Tax provision (benefit) 518 (35,328) (3,924)
Internal Revenue Service (IRS) [Member]
     
State and federal income tax (benefit) provision:      
Tax provision (benefit) $ (9,878) $ 277 $ (1,577)
[1] Other interest expensed is comprised of interest that does not qualify for 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, which is calculated as follows: