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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Revenues $ 628,136 $ 482,041 $ 1,660,543 $ 1,303,326
Inventory impairment loss and land option write-offs     6,202 3,601
Total expenses 621,633 492,847 1,674,340 1,362,964
Corporate general and administrative 19,321 14,959 54,340 48,792
Other interest expensed [1],[2] 27,072 22,377 78,944 67,313
Other operations 266 622 674 1,193
Gain on extinguishment of debt 4,055 0 13,337 0
Income from unconsolidated joint ventures 5,658 3,742 13,419 20,556
Income (loss) before income taxes 16,216 (7,064) 12,959 (39,082)
Tax provision (benefit) 853 537 2,665 1,228
Net income (loss) $ 15,363 $ (7,601) $ 10,294 $ (40,310)
Net income (loss) per common share (in dollars per share) $ 2.27 $ (1.27) $ 1.52 $ (6.76)
Weighted-average number of common shares outstanding (in shares) 6,201 5,971 6,178 5,964
Net income (loss) per common share (in dollars per share) $ 2.16 $ (1.27) $ 1.44 $ (6.76)
Weighted-average number of common shares outstanding (in shares) 6,518 5,971 6,502 5,964
State and Local Jurisdiction [Member]        
Tax provision (benefit) $ 853 $ 537 $ 2,665 $ 1,228
Domestic Tax Authority [Member]        
Tax provision (benefit) 0 0 0 0
Homebuilding [Member]        
Revenues 606,841 469,277 1,610,873 1,268,647
Cost of sales, excluding interest 499,695 381,939 1,324,077 1,042,343
Cost of sales interest 21,814 19,029 58,539 43,169
Inventory impairment loss and land option write-offs 2,364 1,435 6,202 3,601
Total cost of sales 523,873 402,403 1,388,818 1,089,113
Selling, general and administrative 40,608 43,559 121,887 130,474
Total expenses 564,481 445,962 1,510,705 1,219,587
Homebuilding [Member] | Sale of Homes [Member]        
Revenues 605,933 467,849 1,608,513 1,257,536
Homebuilding [Member] | Land Sales and Other Revenues [Member]        
Revenues 908 1,428 2,360 11,111
Financial Services [Member]        
Revenues 21,295 12,764 49,670 34,679
Total expenses $ 10,493 $ 8,927 $ 29,677 $ 26,079
[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: Three Months Ended Nine Months Ended July 31, July 31, (In thousands) 2020 2019 2020 2019 Other interest expensed $ 27,072 $ 22,377 $ 78,944 $ 67,313 Interest paid by our mortgage and finance subsidiaries 419 673 1,698 1,876 (Increase) decrease in accrued interest (13,876 ) 15,404 (31,247 ) 13,105 Cash paid for interest, net of capitalized interest $ 13,615 $ 38,454 $ 49,395 $ 82,294
[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 $15.9 million and $13.7 million for the three months ended July 31, 2020 and 2019, respectively, and $44.6 million and $46.4 million for the nine months ended July 31, 2020 and 2019, 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 $11.2 million and $8.7 million for the three months ended July 31, 2020 and 2019, respectively, and $34.3 million and $21.0 million for the nine months ended July 31, 2020 and 2019, respectively.