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Note 11 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2023

Notes Tables

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

		October 31,
(In thousands)		2023				2022
State income taxes:
Current		$	1,861			$	3,167
Deferred			(74,110	)			(69,248	)
Federal income taxes:
Current			-				-
Deferred			(228,723	)			(275,545	)
Total		$	(300,972	)		$	(341,626	)

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

		Year Ended October 31,
(In thousands)		2023				2022				2021
Current income tax expense:
Federal (1)		$	-			$	-			$	-
State (2)			8,101				13,377				7,722
Total current income tax expense:			8,101				13,377				7,722
Federal			46,821				60,064				(335,608	)
State			(4,862	)			20,822				(90,070	)
Total deferred income tax expense (benefit):			41,959				80,886				(425,678	)
Total		$	50,060			$	94,263			$	(417,956	)

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

		October 31,
(In thousands)		2023				2022
Deferred tax assets:
Inventory impairments		$	26,168			$	30,772
Uniform capitalization of overhead			3,692				4,285
Warranty and legal reserves			4,439				5,668
Compensation			11,377				13,746
Deferred income			1,167				2,425
Interest expense			4,939				3,646
Restricted stock units			2,069				1,628
Stock options			209				818
Provision for losses			18,349				17,700
Federal net operating losses			147,841				194,306
State net operating losses			136,257				150,832
Tax credit carryforwards			21,260				12,254
Other			3,688				5,005
Total deferred tax assets			381,455				443,085
Deferred tax liabilities:
Joint venture income			(6,743	)			(2,565	)
Total deferred tax liabilities			(6,743	)			(2,565	)
Valuation allowance			(71,879	)			(95,727	)
Deferred tax assets, net		$	302,833			$	344,793

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

		Year Ended October 31,
		2023				2022				2021
Federal statutory income tax rate			21.0	%			21.0	%			21.0	%
State income taxes, net of federal income tax benefit			6.2				9.8				4.0
Permanent differences, net			0.9				0.8				3.6
Deferred tax asset valuation allowance impact			(6.3	)			0.0				(248.5	)
Tax contingencies			(0.1	)			(0.1	)			(0.2	)
Tax credits			(2.2	)			0.0				0.0
Adjustments to prior years’ tax accruals			0.1				(2.0	)			0.0
Effective tax rate			19.6	%			29.5	%			(220.1	)%

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

(In millions)			2023				2022
Unrecognized tax benefit—November 1,		$	0.2			$	0.5
Gross increases—tax positions in current period			-				-
Lapse of statute of limitations			(0.2	)			(0.3	)
Unrecognized tax benefit—October 31,		$	-			$	0.2

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