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Note 3 - Summary of Significant Accounting Policies - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($)
$ in Thousands
 12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Interest capitalized at beginning of year $ 71,264 [1] $ 68,117 [1] $ 71,051
Plus interest incurred(1) [2] 176,457 165,906 161,048
Less cost of sales interest expensed 74,330 70,725 60,685
Less other interest expensed(2)(3) [3],[4] 103,801 90,056 103,297
Less interest contributed to unconsolidated joint venture(4) [5] 4,580 1,978 0
Interest capitalized at end of year(5) [1] $ 65,010 $ 71,264 $ 68,117
[1] Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.
[2] Data does not include interest incurred by our mortgage and finance subsidiaries.
[3] 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
[4] 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.
[5] Represents capitalized interest which was included as part of the assets contributed to the joint ventures the Company entered into in December 2019 and June 2019 during the years ended October 31, 2020 and 2019, respectively, as discussed in Note 20. There was no impact to the Consolidated Statement of Operations as a result of these transactions.