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Note 3 - Interest - Cash Paid for Interest, Net of Capitalized Interest (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2021
Jul. 31, 2020
Other interest expensed [1],[2] $ 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
[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.