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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2021
Jul. 31, 2020
Revenues $ 690,683 $ 628,136 $ 1,968,509 $ 1,660,543
Inventory impairment and land option write-offs     3,267 6,202
Total expenses 633,589 621,633 1,865,355 1,674,340
Corporate general and administrative 17,284 19,321 81,149 54,340
Less other interest expensed [1],[2] 19,158 27,072 65,166 78,944
Other operations 504 266 1,233 674
(Loss) gain on extinguishment of debt (306) 4,055 (306) 13,337
Income from unconsolidated joint ventures 5,011 5,658 9,568 13,419
Income before income taxes 61,799 16,216 112,416 12,959
Tax provision (benefit) 14,097 853 (442,921) 2,665
Net income $ 47,702 $ 15,363 $ 555,337 $ 10,294
Net income per common share (in dollars per share) $ 6.85 $ 2.27 $ 80.02 $ 1.52
Weighted-average number of common shares outstanding basic (in shares) 6,315 6,201 6,263 6,178
Net income per common share (in dollars per share) $ 6.72 $ 2.16 $ 78.51 $ 1.44
Weighted-average number of common shares outstanding (in shares) 6,434 6,518 6,370 6,502
State and Local Jurisdiction [Member]        
Tax provision (benefit) $ 1,476 $ 853 $ (89,272) $ 2,665
Domestic Tax Authority [Member]        
Tax provision (benefit) 12,621 0 (353,649) 0
Homebuilding [Member]        
Revenues 670,838 606,841 1,907,439 1,610,873
Cost of sales, excluding interest 521,868 499,695 1,498,040 1,324,077
Cost of sales interest 19,240 21,814 58,130 58,539
Inventory impairment and land option write-offs 1,309 2,364 3,267 6,202
Total cost of sales 542,417 523,873 1,559,437 1,388,818
Selling, general and administrative 42,988 40,608 125,417 121,887
Total expenses 585,405 564,481 1,684,854 1,510,705
Homebuilding [Member] | Sale of Homes [Member]        
Revenues 663,279 605,933 1,894,159 1,608,513
Homebuilding [Member] | Land Sales and Other Revenues [Member]        
Revenues 7,559 908 13,280 2,360
Financial Services [Member]        
Revenues 19,845 21,295 61,070 49,670
Total expenses $ 11,238 $ 10,493 $ 32,953 $ 29,677
[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) 2021 2020 2021 2020 Other interest expensed $ 19,158 $ 27,072 $ 65,166 $ 78,944 Interest paid by our mortgage and finance subsidiaries 602 419 1,554 1,698 Increase in accrued interest (12,139 ) (13,876 ) (11,897 ) (31,247 ) Cash paid for interest, net of capitalized interest $ 7,621 $ 13,615 $ 54,823 $ 49,395
[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 $14.4 million and $15.9 million for the three months ended July 31, 2021 and 2020, respectively, and $48.1 million and $44.6 million for the nine months ended July 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 $4.8 million and $11.2 million for the three months ended July 31, 2021 and 2020, respectively, and $17.1 million and $34.3 million for the nine months ended July 31, 2021 and 2020, respectively.