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Note 3 - Interest - Cash Paid for Interest, Net of Capitalized Interest (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Less other interest expensed(2)(3) [1],[2] $ 12,425 $ 22,033 $ 25,818 $ 46,008
Interest paid by our mortgage and finance subsidiaries 362 527 830 952
Decrease (increase) in accrued interest 18,901 14,720 (214) 242
Cash paid for interest, net of capitalized interest $ 31,688 $ 37,280 $ 26,434 $ 47,202
[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:
[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 $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.