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Note 22 - Unaudited Summarized Consolidated Quarterly Information

12 Months Ended

Oct. 31, 2020

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