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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 10,294 $ (40,310)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 3,897 2,942
Compensation from stock options and awards 38 197
Amortization of bond discounts, premiums and deferred financing costs 1,718 6,003
Gain on sale and retirement of property and assets (84) (19)
Income from unconsolidated joint ventures (13,419) (20,556)
Distributions of earnings from unconsolidated joint ventures 30,411 16,532
Gain on extinguishment of debt (13,337) 0
Noncontrolling interest in consolidated joint venture 63 (29)
Inventory impairment and land option write-offs 6,202 3,601
(Increase) decrease in assets:    
Origination of mortgage loans (931,602) (698,444)
Sale of mortgage loans 998,935 745,285
Receivables, prepaids, deposits and other assets 14,381 (892)
Inventories 72,780 (280,354)
Increase (decrease) in liabilities:    
State income tax payable 256 (1,813)
Customers’ deposits 5,120 10,272
Accounts payable, accrued interest and other accrued liabilities 7,181 (473)
Net cash provided by (used in) operating activities 192,834 (258,058)
Cash flows from investing activities:    
Proceeds from sale of property and assets 104 23
Purchase of property, equipment and other fixed assets and acquisitions (2,648) (3,138)
Investments in and advances to unconsolidated joint ventures (19,924) (13,159)
Distributions of capital from unconsolidated joint ventures 4,161 6,766
Net cash used in investing activities (18,307) (9,508)
Cash flows from financing activities:    
Proceeds from mortgages and notes 210,498 235,645
Payments related to mortgages and notes (235,498) (123,148)
Proceeds from model sale leaseback financing programs 18,355 21,276
Payments related to model sale leaseback financing programs (16,764) (14,477)
Proceeds from land bank financing programs 57,120 87,734
Payments related to land bank financing programs (55,173) (18,740)
Proceeds from partner contribution to consolidated joint ventures 0 604
Deferred financing costs from land bank financing program and note issuances (12,801) (4,586)
Net cash (used in) provided by financing activities (110,533) 159,372
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents 63,994 (108,194)
Cash, cash equivalents, and restricted cash and cash equivalents balance, beginning of period 182,266 232,992
Cash, cash equivalents, and restricted cash and cash equivalents balance, end of period 246,260 124,798
Supplemental disclosures of cash flows:    
Cash paid for interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements) 49,395 82,294
Cash paid for income taxes 2,478 3,042
Cash, cash equivalents, and restricted cash and cash equivalents balance, end of period 246,260 124,798
Senior Secured Revolving Credit Facility [Member]    
Cash flows from financing activities:    
Borrowings from senior secured revolving credit facility 125,000 0
Payments related to senior secured revolving credit facility (125,000) 0
Senior Secured Notes [Member]    
Cash flows from financing activities:    
Proceeds from senior secured notes, net of discount 0 21,348
The 10.0% 2022 Notes [Member]    
Cash flows from financing activities:    
Payments related to senior secured notes, net of discount (21,240) 0
Mortgage Warehouse Lines of Credit [Member]    
Cash flows from financing activities:    
Net borrowings (payments) related to lines of credit (55,030) (46,284)
Homebuilding [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Inventory impairment and land option write-offs 6,202 3,601
Supplemental disclosures of cash flows:    
Cash and cash equivalents 198,098 83,634
Restricted cash and cash equivalents 13,433 16,919
Financial Services [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 7,536 3,847
Restricted cash and cash equivalents $ 27,193 $ 20,398