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Note 3 - Interest - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Interest capitalized at beginning of period $ 63,804 $ 65,327 $ 58,159 $ 65,010
Plus interest incurred(1) [1] 33,872 41,870 66,655 83,327
Less cost of sales interest expensed 21,678 21,725 35,423 38,890
Less other interest expensed(2)(3) [2],[3] 12,425 22,033 25,818 46,008
Less interest contributed to unconsolidated joint venture(4) [4] 0 3,667 0 3,667
Interest capitalized at end of period(5) [4],[5] $ 63,573 $ 59,772 $ 63,573 $ 59,772
[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:
[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 $9.0 million and $17.5 million for the three months ended April 30, 2022 and 2021, respectively, and $20.5 million and $33.7 million for the six months ended April 30, 2022 and 2021, 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 $3.4 million and $4.5 million for the three months ended April 30, 2022 and 2021, respectively, and $5.3 million and 12.3 million for the six months ended April 30, 2022 and 2021.
[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] Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.