XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Homebuilding:    
Total revenues $ 364,048 $ 358,211
Homebuilding:    
Inventory impairment loss and land option write-offs 664 665
Corporate general and administrative 16,392 12,503
Other interest 23,333 [1],[2] 24,000 [1],[2]
Other operations 1,109 900
Total expenses 390,509 381,302
Income from unconsolidated joint ventures 2,571 2,289
Loss before income taxes (23,890) (20,802)
State and federal income tax provision (benefit):    
Tax provision (benefit) 633 (9,494)
Net loss (24,523) (11,308)
Basic:    
Loss per common share (in Dollars per share) $ (0.17) $ (0.08)
Weighted-average number of common shares outstanding (in Shares) 145,982 141,725
Assuming dilution:    
Loss per common share (in Dollars per share) $ (0.17) $ (0.08)
Weighted-average number of common shares outstanding (in Shares) 145,982 141,725
Homebuilding [Member]
   
Homebuilding:    
Sale of homes 355,181 334,281
Land sales and other revenues 773 12,271
Total homebuilding 355,954 346,552
Total revenues 355,999 346,575
Homebuilding:    
Cost of sales, excluding interest 288,887 288,755
Cost of sales interest 9,490 10,280
Inventory impairment loss and land option write-offs 664 665
Total cost of sales 299,041 299,700
Selling, general and administrative 43,962 36,771
Total homebuilding expenses 343,003 336,471
Total expenses 383,837 373,874
Loss before income taxes 9,684 4,836
Financial Services [Member]
   
Homebuilding:    
Financial services 8,094 11,659
Total revenues 8,094 11,659
Homebuilding:    
Financial services 6,672 7,428
Loss before income taxes 1,422 4,231
State and Local Jurisdiction [Member]
   
State and federal income tax provision (benefit):    
Tax provision (benefit) 633 233
Internal Revenue Service (IRS) [Member]
   
State and federal income tax provision (benefit):    
Tax provision (benefit)   $ (9,727)
[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, which is calculated as follows: