Year Ended

October 31,

(In thousands)

2023

2022

2021

Interest capitalized at beginning of year

$

59,600

$

58,159

$

65,010

Plus interest incurred(1)

136,535

134,024

155,514

Less cost of sales interest expensed

(80,820

)

(85,240

)

(84,100

)

Less other interest expensed(2)

(54,082

)

(47,343

)

(77,716

)

Less interest contributed to unconsolidated joint ventures(3)

(9,456

)

-

(3,667

)

Plus interest acquired from unconsolidated joint ventures(4)

283

-

3,118

Interest capitalized at end of year(5)

$

52,060

$

59,600

$

58,159