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Note 3 - Interest - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2021
Jul. 31, 2020
Interest capitalized at beginning of period $ 59,772 $ 67,744 $ 65,010 $ 71,264
Plus interest incurred [1] 39,181 45,140 122,508 134,797
Less cost of sales interest expensed 19,240 21,814 58,130 58,539
Less other interest expensed [2],[3] 19,158 27,072 65,166 78,944
Less interest contributed to unconsolidated joint venture [4] 0 0 3,667 4,580
Plus interest acquired from unconsolidated joint venture [5] 3,118 0 3,118 0
Interest capitalized at end of period [6] $ 63,673 $ 63,998 $ 63,673 $ 63,998
[1] Data does not include interest incurred by our mortgage and finance subsidiaries.
[2] 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
[3] 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.
[4] Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these transactions.
[5] Represents capitalized interest which was included as part of the assets purchased from joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these transactions.
[6] Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.