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Note 22 - Unaudited Summarized Consolidated Quarterly Information | 12 Months Ended
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Oct. 31, 2020
Notes to Financial Statements |
Quarterly Financial Information [Text Block] | 22. Unaudited Summarized Consolidated Quarterly Information Summarized quarterly financial information for the years ended October 31, 2020 and 2019 is as follows:
|  | Three Months Ended |
|  | October 31, |  |  | July 31, |  |  | April 30, |  |  | January 31, |
(In thousands, except per share data) |  | 2020 |  |  | 2020 |  |  | 2020 |  |  | 2020 |
Revenues |  | $ | 683,358 |  |  | $ | 628,136 |  |  | $ | 538,351 |  |  | $ | 494,056 |
Expenses |  |  | 641,449 |  |  |  | 619,269 |  |  |  | 539,209 |  |  |  | 509,660 |
Inventory impairment loss and land option write-offs |  |  | 2,611 |  |  |  | 2,364 |  |  |  | 1,010 |  |  |  | 2,828 |
Gain (loss) on extinguishment of debt |  |  | - |  |  |  | 4,055 |  |  |  | (174 | ) |  |  | 9,456 |
Income from unconsolidated joint ventures |  |  | 3,146 |  |  |  | 5,658 |  |  |  | 6,221 |  |  |  | 1,540 |
Income (loss) before income taxes |  |  | 42,444 |  |  |  | 16,216 |  |  |  | 4,179 |  |  |  | (7,436 | )
State and federal income tax provision |  |  | 1,810 |  |  |  | 853 |  |  |  | 100 |  |  |  | 1,712 |
Net income (loss) |  | $ | 40,634 |  |  | $ | 15,363 |  |  | $ | 4,079 |  |  | $ | (9,148 | )
Per share data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) per common share |  | $ | 5.97 |  |  | $ | 2.27 |  |  | $ | 0.63 |  |  | $ | (1.49 | )
Weighted-average number of common shares outstanding |  |  | 6,221 |  |  |  | 6,201 |  |  |  | 6,172 |  |  |  | 6,161 |
Assuming dilution: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) per common share |  | $ | 5.54 |  |  | $ | 2.16 |  |  | $ | 0.60 |  |  | $ | (1.49 | )
Weighted-average number of common shares outstanding |  |  | 6,699 |  |  |  | 6,518 |  |  |  | 6,432 |  |  |  | 6,161 |
|  | Three Months Ended |
|  | October 31, |  |  | July 31, |  |  | April 30, |  |  | January 31, |
(In thousands, except per share data) |  | 2019 |  |  | 2019 |  |  | 2019 |  |  | 2019 |
Revenues |  | $ | 713,590 |  |  | $ | 482,041 |  |  | $ | 440,691 |  |  | $ | 380,594 |
Expenses |  |  | 677,429 |  |  |  | 491,412 |  |  |  | 461,393 |  |  |  | 406,558 |
Inventory impairment loss and land option write-offs |  |  | 2,687 |  |  |  | 1,435 |  |  |  | 1,462 |  |  |  | 704 |
Loss on extinguishment of debt |  |  | (42,436 | ) |  |  | - |  |  |  | - |  |  |  | - |
Income from unconsolidated joint ventures |  |  | 8,376 |  |  |  | 3,742 |  |  |  | 7,252 |  |  |  | 9,562 |
Loss before income taxes |  |  | (586 | ) |  |  | (7,064 | ) |  |  | (14,912 | ) |  |  | (17,106 | )
State and federal income tax provision |  |  | 1,221 |  |  |  | 537 |  |  |  | 345 |  |  |  | 346 |
Net (loss) |  | $ | (1,807 | ) |  | $ | (7,601 | ) |  | $ | (15,257 | ) |  | $ | (17,452 | )
Per share data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and assuming dilution: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) per common share |  | $ | (0.30 | ) |  | $ | (1.27 | ) |  | $ | (2.56 | ) |  | $ | (2.93 | )
Weighted-average number of common shares outstanding |  |  | 5,982 |  |  |  | 5,971 |  |  |  | 5,962 |  |  |  | 5,958 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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