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Note 3 - Interest - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Interest capitalized at beginning of period $ 68,117 $ 71,051
Plus interest incurred(1) [1] 38,853 41,165
Less cost of sales interest expensed 10,242 12,292
Less other interest expensed(2)(3) [2],[3] 22,273 29,131
Interest capitalized at end of period(4) [4] $ 74,455 $ 70,793
[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: Three Months Ended January 31, (In thousands) 2019 2018 Other interest expensed $22,273 $29,131 Interest paid by our mortgage and finance subsidiaries 689 601 Decrease in accrued interest 17,477 26,750 Cash paid for interest, net of capitalized interest $40,439 $56,482
[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, which amounted to $17.6 million and $19.6 million for the three months ended January 31, 2019 and 2018, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization, and therefore, is expensed. This component of other interest was $4.7 million and $9.6 million for the three months ended January 31, 2019 and 2018, respectively.
[4] Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.