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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Revenues $ 574,664 $ 494,056
Inventory impairment and land option write-offs 1,877 2,828
Total expenses 556,995 512,488
Corporate general and administrative 23,483 19,744
Other interest expensed [1],[2] 23,975 25,003
Other operations 278 194
Gain on extinguishment of debt 0 9,456
Income from unconsolidated joint ventures 1,916 1,540
Income (loss) before income taxes 19,585 (7,436)
Tax provision (benefit) 626 1,712
Net income (loss) $ 18,959 $ (9,148)
Net income (loss) per common share (in dollars per share) $ 2.79 $ (1.49)
Weighted-average number of common shares outstanding basic (in shares) 6,225 6,161
Net income (loss) per common share (in dollars per share) $ 2.75 $ (1.49)
Weighted-average number of common shares outstanding (in shares) 6,303 6,161
State and Local Jurisdiction [Member]    
Tax provision (benefit) $ 626 $ 1,712
Domestic Tax Authority [Member]    
Tax provision (benefit) 0 0
Homebuilding [Member]    
Revenues 555,167 480,042
Cost of sales, excluding interest 439,638 396,355
Cost of sales interest 17,165 18,136
Inventory impairment and land option write-offs 1,877 2,828
Total cost of sales 458,680 417,319
Selling, general and administrative 40,225 40,674
Total expenses 498,905 457,993
Homebuilding [Member] | Sale of Homes [Member]    
Revenues 551,365 479,233
Homebuilding [Member] | Land Sales and Other Revenues [Member]    
Revenues 3,802 809
Financial Services [Member]    
Revenues 19,497 14,014
Total expenses $ 10,354 $ 9,554
[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 January 31, (In thousands) 2021 2020 Other interest expensed $ 23,975 $ 25,003 Interest paid by our mortgage and finance subsidiaries 425 770 Increase in accrued interest (14,478 ) (11,818 ) Cash paid for interest, net of capitalized interest $ 9,922 $ 13,955
[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 $16.2 million and $14.9 million for the three months ended January 31, 2021 and 2020, 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 $7.8 million and $10.1 million for the three months ended January 31, 2021 and 2020, respectively.