XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Total revenues $ 552,009 $ 575,605
Inventory impairment loss and land option write-offs 3,184 11,681
Corporate general and administrative 15,656 16,321
Other interest [1],[2] 22,627 21,225
Other operations 1,587 1,384
Total expenses 557,666 587,319
Gain on extinguishment of debt 7,646
Loss from unconsolidated joint ventures (1,666) (1,480)
Income (loss) before income taxes 323 (13,194)
Tax provision (benefit) 466 2,979
Net loss $ (143) $ (16,173)
Loss per common share, basic (in dollars per share) $ 0 $ (0.11)
Weighted-average number of common shares outstanding, basic (in shares) 147,535 147,139
Loss per common share, assuming dilution (in dollars per share) $ 0 $ (0.11)
Weighted-average number of common shares outstanding, assuming dilution (in shares) 147,535 147,139
State and Local Jurisdiction [Member]    
Tax provision (benefit) $ (18) $ 4,319
Domestic Tax Authority [Member]    
Tax provision (benefit) 484 (1,340)
Homebuilding [Member]    
Sale of homes 531,415 556,775
Land sales and other revenues 7,745 604
Total homebuilding 539,160 557,379
Cost of sales, excluding interest 445,027 464,146
Cost of sales interest 18,322 16,843
Inventory impairment loss and land option write-offs 3,184 11,681
Total cost of sales 466,533 492,670
Selling, general and administrative 44,408 47,504
Total homebuilding expenses 510,941 540,174
Total expenses 550,811 579,104
Financial Services [Member]    
Financial services 12,849 18,226
Financial services 6,855 8,215
Total expenses $ 6,855 $ 8,215
[1] 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:
[2] 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.