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Note 23 - Unaudited Summarized Consolidated Quarterly Information
12 Months Ended
Oct. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

23. Unaudited Summarized Consolidated Quarterly Information


Summarized quarterly financial information for the years ended October 31, 2015 and 2014 is as follows:


   

Three Months Ended

 

(In thousands, except per share data)

 

October 31, 2015

   

July 31, 2015

   

April 30, 2015

   

January 31, 2015

 

Revenues

  $693,204     $540,613     $468,949     $445,714  

Expenses

  653,080     549,089     495,585     464,616  

Inventory impairment loss and land option write-offs

  4,426     1,077     4,311     2,230  

Income (loss) from unconsolidated joint ventures

  1,699     (448

)

  1,466     1,452  

Income (loss) before income taxes

  37,397     (10,001

)

  (29,481

)

  (19,680

)

State and federal income tax provision (benefit)

  11,878     (2,317

)

  (9,922

)

  (5,304

)

Net income (loss)

  $25,519     $(7,684

)

  $(19,559

)

  $(14,376

)

Per share data:

                       

Basic:

                       

Income (loss) per common share

  $0.17     $(0.05

)

  $(0.13

)

  $(0.10

)

Weighted-average number of common shares outstanding

  147,057     147,010     146,946     146,929  
Assuming dilution:                        

Income (loss) per common share

  $0.16     $(0.05

)

  $(0.13

)

  $(0.10

)

Weighted-average number of common shares outstanding

  160,299     147,010     146,946     146,929  

   

Three Months Ended

 

(In thousands, except per share data)

 

October 31, 2014

   

July 31, 2014

   

April 30, 2014

   

January 31, 2014

 

Revenues

  $698,394     $551,009     $449,929     $364,048  

Expenses

  663,149     535,107     456,617     389,845  

Inventory impairment loss and land option write-offs

  3,297     741     522     664  

Loss on extinguishment of debt

  -     -     (1,155

)

  -  

Income from unconsolidated joint ventures

  4,048     211     1,067     2,571  

Income (loss) before income taxes

  35,996     15,372     (7,298

)

  (23,890

)

State and federal income tax (benefit) provision

  (286,468

)

  (1,733

)

  604     633  

Net income (loss)

  $322,464     $17,105     $(7,902

)

  $(24,523

)

Per share data:

                       

Basic:

                       

Income (loss) per common share

  $2.15     $0.11     $(0.05

)

  $(0.17

)

Weighted-average number of common shares outstanding

  146,413     146,365     146,325     145,982  
Assuming dilution:                        
Income (loss) per common share   $1.95     $0.11     $(0.05 )   $(0.17 )
Weighted-average number of common shares outstanding   161,720     162,278     146,325     145,982