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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Revenues $ 2,343,901 $ 2,016,916 $ 1,991,233
Inventory impairment and land option write-offs 8,813 6,288 3,501
Total expenses 2,318,400 2,043,080 1,999,584
Corporate general and administrative 80,553 66,364 69,632
Other interest expensed [1],[2] 103,801 90,056 103,297
Other operations 1,096 1,561 1,584
Gain (loss) on extinguishment of debt 13,337 (42,436) (7,536)
Income from unconsolidated joint ventures 16,565 28,932 24,033
Income (loss) before income taxes 55,403 (39,668) 8,146
State and federal income tax provision 4,475 2,449 3,626
Net income (loss) $ 50,928 $ (42,117) $ 4,520
Net income (loss) per common share (in dollars per share) $ 7.48 $ (7.06) $ 0.73
Weighted-average number of common shares outstanding basic (in shares) 6,189 5,968 5,941
Net income (loss) per common share (in dollars per share) $ 7.03 $ (7.06) $ 0.72
Weighted-average number of common shares outstanding (in shares) 6,584 5,968 6,072
State and Local Jurisdiction [Member]      
State and federal income tax provision $ 4,475 $ 2,449 $ 3,626
Domestic Tax Authority [Member]      
State and federal income tax provision 0 0 0
Homebuilding [Member]      
Revenues 2,271,739 1,962,764 1,937,878
Cost of sales, excluding interest 1,848,486 1,604,777 1,566,555
Cost of sales interest 74,330 70,725 60,685
Inventory impairment and land option write-offs 8,813 6,288 3,501
Total cost of sales 1,931,629 1,681,790 1,630,741
Selling, general and administrative 161,261 166,784 159,202
Total expenses 2,092,890 1,848,574 1,789,943
Homebuilding [Member] | Sale of Homes [Member]      
Revenues 2,252,029 1,949,682 1,906,228
Homebuilding [Member] | Land Sales and Other Revenues [Member]      
Revenues 19,710 13,082 31,650
Financial Services [Member]      
Revenues 72,162 54,152 53,355
Total expenses $ 40,060 $ 36,525 $ 35,128
[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: Year Ended October 31, October 31, October 31, (In thousands) 2020 2019 2018 Other interest expensed $ 103,801 $ 90,056 $ 103,297 Interest paid by our mortgage and finance subsidiaries 2,165 2,536 2,478 (Increase) decrease in accrued interest (16,482) 16,515 6,241 Cash paid for interest, net of capitalized interest $ 89,484 $ 109,107 $ 112,016
[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, which amounted to $61.9 million, $56.9 million and $76.2 million for the years ended October 31, 2020, 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 $41.9 million, $33.2 million and $27.1 million for the years ended October 31, 2020, 2019 and 2018, respectively.