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Note 10 - Operating and Reporting Segments (Tables) | 12 Months Ended
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Oct. 31, 2023
Operating Segments [Member] |
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Year Ended October 31, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Northeast |  | $ | 968,851 |  |  | $ | 1,085,081 |  |  | $ | 871,091 |
Southeast |  |  | 420,296 |  |  |  | 323,961 |  |  |  | 285,658 |
West |  |  | 1,295,992 |  |  |  | 1,450,632 |  |  |  | 1,544,397 |
Total homebuilding |  |  | 2,685,139 |  |  |  | 2,859,674 |  |  |  | 2,701,146 |
Financial services |  |  | 60,088 |  |  |  | 61,540 |  |  |  | 81,692 |
Corporate and unallocated |  |  | 10,789 |  |  |  | 1,017 |  |  |  | 19 |
Total revenues |  | $ | 2,756,016 |  |  | $ | 2,922,231 |  |  | $ | 2,782,857 |
Income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Northeast |  | $ | 178,516 |  |  | $ | 177,406 |  |  | $ | 102,896 |
Southeast |  |  | 77,750 |  |  |  | 60,178 |  |  |  | 17,764 |
West |  |  | 114,084 |  |  |  | 207,519 |  |  |  | 198,343 |
Total homebuilding |  |  | 370,350 |  |  |  | 445,103 |  |  |  | 319,003 |
Financial services |  |  | 19,365 |  |  |  | 19,121 |  |  |  | 37,563 |
Corporate and unallocated (1) |  |  | (133,764 | ) |  |  | (144,471 | ) |  |  | (166,705 | )
Income before income taxes |  | $ | 255,951 |  |  | $ | 319,753 |  |  | $ | 189,861 |
|  | October 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Assets: |  |  |  |  |  |  |  |
Northeast |  | $ | 483,784 |  |  | $ | 530,884 |
Southeast |  |  | 286,701 |  |  |  | 330,894 |
West |  |  | 733,318 |  |  |  | 802,704 |
Total homebuilding |  |  | 1,503,803 |  |  |  | 1,664,482 |
Financial services |  |  | 168,671 |  |  |  | 155,993 |
Corporate and unallocated |  |  | 820,466 |  |  |  | 741,555 |
Total assets |  | $ | 2,492,940 |  |  | $ | 2,562,030 |
|  | October 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Investments in and advances to unconsolidated joint ventures: |  |  |  |  |  |  |  |
Northeast |  | $ | 56,758 |  |  | $ | 20,241 |
Southeast |  |  | 35,262 |  |  |  | 52,651 |
West |  |  | 4,503 |  |  |  | 174 |
Total homebuilding |  |  | 96,523 |  |  |  | 73,066 |
Corporate and unallocated |  |  | 1,363 |  |  |  | 1,874 |
Total investments in and advances to unconsolidated joint ventures |  | $ | 97,886 |  |  | $ | 74,940 |
|  | Year Ended October 31, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Homebuilding interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Northeast |  | $ | 32,071 |  |  | $ | 31,552 |  |  | $ | 30,212 |
Southeast |  |  | 20,055 |  |  |  | 17,403 |  |  |  | 19,490 |
West |  |  | 65,068 |  |  |  | 55,056 |  |  |  | 55,029 |
Total homebuilding |  |  | 117,194 |  |  |  | 104,011 |  |  |  | 104,731 |
Corporate and unallocated |  |  | 17,707 |  |  |  | 28,572 |  |  |  | 57,085 |
Financial services interest expense (income) (1) |  |  | 1 |  |  |  | (213 | ) |  |  | (35 | )
Total interest expense, net |  | $ | 134,902 |  |  | $ | 132,370 |  |  | $ | 161,781 |
|  | Year Ended October 31, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Depreciation: |  |  |  |  |  |  |  |  |  |  |  |
Northeast |  | $ | 4,352 |  |  | $ | 1,542 |  |  | $ | 1,459 |
Southeast |  |  | 444 |  |  |  | 291 |  |  |  | 214 |
West |  |  | 1,325 |  |  |  | 1,298 |  |  |  | 1,811 |
Total homebuilding |  |  | 6,121 |  |  |  | 3,131 |  |  |  | 3,484 |
Financial services |  |  | - |  |  |  | 5 |  |  |  | 13 |
Corporate and unallocated |  |  | 2,677 |  |  |  | 2,321 |  |  |  | 1,783 |
Total depreciation |  | $ | 8,798 |  |  | $ | 5,457 |  |  | $ | 5,280 |
|  | Year Ended October 31, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Net additions to property and equipment: |  |  |  |  |  |  |  |  |  |  |  |
Northeast |  | $ | 1,678 |  |  | $ | 1,848 |  |  | $ | 1,271 |
Southeast |  |  | 263 |  |  |  | 229 |  |  |  | 256 |
West |  |  | 1,599 |  |  |  | 1,841 |  |  |  | 1,174 |
Total homebuilding |  |  | 3,540 |  |  |  | 3,918 |  |  |  | 2,701 |
Financial services |  |  | 1,040 |  |  |  | 28 |  |  |  | - |
Corporate and unallocated |  |  | 14,241 |  |  |  | 8,646 |  |  |  | 3,241 |
Total net additions to property and equipment |  | $ | 18,821 |  |  | $ | 12,592 |  |  | $ | 5,942 |
|  | Year Ended October 31, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Equity in earnings from unconsolidated joint ventures: |  |  |  |  |  |  |  |  |  |  |  |
Northeast |  | $ | 27,253 |  |  | $ | 12,674 |  |  | $ | 2,958 |
Southeast |  |  | 15,696 |  |  |  | 16,359 |  |  |  | 2,061 |
West |  |  | 211 |  |  |  | - |  |  |  | 3,830 |
Total equity in earnings from unconsolidated joint ventures |  | $ | 43,160 |  |  | $ | 29,033 |  |  | $ | 8,849 |

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