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Note 3 - Summary of Significant Accounting Policies - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($)
$ in Thousands
 12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2019
Interest capitalized at beginning of year $ 65,010 [1] $ 71,264 [1] $ 68,117
Plus interest incurred(1) [2] 155,514 176,457 165,906
Less cost of sales interest expensed 84,100 74,330 70,725
Less other interest expensed(2)(3) [3],[4] 77,716 103,801 90,056
Less interest contributed to unconsolidated joint venture(4) [5] 3,667 4,580 1,978
Plus interest acquired from unconsolidated joint venture(5) [6] 3,118 0 0
Interest capitalized at end of year(6) [1] $ 58,159 $ 65,010 $ 71,264
[1] Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.
[2] Data does not include interest incurred by our mortgage and finance subsidiaries.
[3] 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: Year Ended October 31, October 31, October 31, (In thousands) 2021 2020 2019 Other interest expensed $ 77,716 $ 103,801 $ 90,056 Interest paid by our mortgage and finance subsidiaries 2,102 2,165 2,536 Decrease (increase) in accrued interest 7,409 (16,482 ) 16,515 Cash paid for interest, net of capitalized interest $ 87,227 $ 89,484 $ 109,107
[4] 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 $57.1 million, $61.9million and $56.9 million for the years ended October 31, 2021, 2020 and 2019, 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 $20.6 million, $41.9 million and $33.2 million for the years ended October 31, 2021, 2020 and 2019, respectively.
[5] Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note20. There was no impact to the Consolidated Statement of Operations as a result of these transactions.
[6] Represents capitalized interest which was included as part of the assets purchased from joint ventures, as discussed in Note 20. There was no impact to the Consolidated Statement of Operations as a result of these transactions.