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Note 3 - Interest - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Interest capitalized at beginning of period $ 96,688 $ 123,898
Plus interest incurred [1] 38,699 41,959
Less cost of sales interest expensed 18,322 16,843
Less other interest expensed [2],[3] 22,627 21,225
Less interest transferred to unconsolidated joint venture [4] 10,676
Interest capitalized at end of period [5] $ 94,438 $ 117,113
[1] Data does not include interest incurred by our mortgage and finance subsidiaries.
[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 on notes payable, which is calculated as follows:
[3] Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt. Also includes interest on completed homes and land in planning, which does not qualify for capitalization, and therefore is expensed.
[4] Represents capitalized interest which was included as part of the assets transfered to the joint venture the Company entered into in November 2015, as discussed in Note 17. There was no impact to the Condensed Consolidated Statement of Operations as a result of this transaction.
[5] Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.