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Note 3 - Interest - Cash Paid for Interest, Net of Capitalized Interest (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Other interest expensed [1],[2] $ 15,093 $ 13,393
Interest paid by our mortgage and finance subsidiaries 624 468
Increase in accrued interest (19,621) (19,115)
Cash paid for interest, net of capitalized interest $ (3,904) $ (5,254)
[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 $6.6 million and $11.5 million for the three months ended January 31, 2023 and 2022, 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 as incurred. This component of other interest was $8.5 million and $1.9 million for the three months ended January 31, 2023 and 2022, respectively.