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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2021
Apr. 30, 2020
Revenues $ 703,162 $ 538,351 $ 1,277,826 $ 1,032,407
Inventory impairment and land option write-offs     1,958 3,838
Total expenses 674,771 540,219 1,231,766 1,052,707
Corporate general and administrative 40,382 15,275 63,865 35,019
Less other interest expensed(2)(3) [1],[2] 22,033 26,869 46,008 51,872
Other operations 451 214 729 408
(Loss) gain on extinguishment of debt 0 (174) 0 9,282
Income from unconsolidated joint ventures 2,641 6,221 4,557 7,761
Income (loss) before income taxes 31,032 4,179 50,617 (3,257)
Tax provision (benefit) (457,644) 100 (457,018) 1,812
Net income (loss) $ 488,676 $ 4,079 $ 507,635 $ (5,069)
Net income (loss) per common share (in dollars per share) $ 71.11 $ 0.63 $ 74.00 $ (0.82)
Weighted-average number of common shares outstanding basic (in shares) 6,248 6,172 6,236 6,166
Net income (loss) per common share (in dollars per share) $ 69.65 $ 0.60 $ 72.71 $ (0.82)
Weighted-average number of common shares outstanding (in shares) 6,368 6,432 6,331 6,166
State and Local Jurisdiction [Member]        
Tax provision (benefit) $ (91,374) $ 100 $ (90,748) $ 1,812
Domestic Tax Authority [Member]        
Tax provision (benefit) (366,270) 0 (366,270) 0
Homebuilding [Member]        
Revenues 681,434 523,990 1,236,601 1,004,032
Cost of sales, excluding interest 536,534 428,027 976,172 824,382
Cost of sales interest 21,725 18,589 38,890 36,725
Inventory impairment and land option write-offs 81 1,010 1,958 3,838
Total cost of sales 558,340 447,626 1,017,020 864,945
Selling, general and administrative 42,204 40,605 82,429 81,279
Total expenses 600,544 488,231 1,099,449 946,224
Homebuilding [Member] | Sale of Homes [Member]        
Revenues 679,515 523,347 1,230,880 1,002,580
Homebuilding [Member] | Land Sales and Other Revenues [Member]        
Revenues 1,919 643 5,721 1,452
Financial Services [Member]        
Revenues 21,728 14,361 41,225 28,375
Total expenses $ 11,361 $ 9,630 $ 21,715 $ 19,184
[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:
[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 $17.5 million and $13.8 million for the three months ended April 30, 2021 and 2020, respectively, and $33.7 million and $28.7 million for the six months ended April 30, 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 $4.5 million and $13.1 million for the three months ended April 30, 2021 and 2020, respectively, and $12.3 million and $23.2 million for the six months ended April 30, 2021 and 2020, respectively.