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Note 11 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2022

Notes Tables

Schedule of Components of Income Tax Payable Receivable [Table Text Block]

		October 31,
(In thousands)		2022				2021
State income taxes:
Current		$	3,167			$	3,851
Deferred			(69,248	)			(90,070	)
Federal income taxes:
Current			-				-
Deferred			(275,545	)			(335,608	)
Total		$	(341,626	)		$	(421,827	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended October 31,
(In thousands)		2022				2021				2020
Current income tax expense:
Federal (1)		$	-			$	-			$	-
State (2)			13,377				7,722				4,475
Total current income tax expense:			13,377				7,722				4,475
Federal			60,064				(335,608	)			-
State			20,822				(90,070	)			-
Total deferred income tax expense (benefit):			80,886				(425,678	)			-
Total		$	94,263			$	(417,956	)		$	4,475

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		October 31,
(In thousands)		2022				2021
Deferred tax assets:
Inventory impairments		$	30,772			$	34,973
Uniform capitalization of overhead			4,285				4,483
Warranty and legal reserves			5,668				5,671
Compensation			13,746				12,464
Deferred income			2,425				1,420
Interest expense			3,646				2,582
Restricted stock units			1,628				1,159
Stock options			818				1,009
Provision for losses			17,700				17,064
Joint venture loss			-				743
Federal net operating losses			206,560				263,366
State net operating losses			150,832				177,163
Other			5,005				5,136
Total deferred tax assets			443,085				527,233
Deferred tax liabilities:
Joint venture income			(2,565	)			-
Total deferred tax liabilities			(2,565	)			-
Valuation allowance			(95,727	)			(101,555	)
Deferred tax assets, net		$	344,793			$	425,678

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended October 31,
		2022				2021				2020
Federal statutory income tax rate			21.0	%			21.0	%			21.0	%
State income taxes, net of federal income tax benefit			9.8				4.0				10.6
Permanent differences, net			0.8				3.6				53.2
Deferred tax asset valuation allowance impact			0.0				(248.5	)			(83.3	)
Tax contingencies			(0.1	)			(0.2	)			(0.5	)
Adjustments to prior years’ tax accruals			(2.0	)			0.0				7.0
Effective tax rate			29.5	%			(220.1	)%			8.0	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

(In millions)			2022				2021
Unrecognized tax benefit—November 1,		$	0.5			$	0.7
Gross increases—tax positions in current period			-				-
Lapse of statute of limitations			(0.3	)			(0.2	)
Unrecognized tax benefit—October 31,		$	0.2			$	0.5

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