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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Revenues $ 649,957 $ 767,593 $ 1,868,984 $ 2,035,443
Total expenses 583,886 668,223 1,751,311 1,824,294
Corporate general and administrative 27,365 24,774 77,934 75,893
Other interest [1],[2] 13,502 9,624 43,096 35,442
Other (income) expense, net (1) [3] (18,612) 670 (17,652) 1,679
Loss on extinguishment of debt, net (4,082) 0 (4,082) (6,795)
Income from unconsolidated joint ventures 8,401 12,557 20,969 23,919
Income before income taxes 70,390 111,927 134,560 228,273
Tax provision (benefit) 14,626 29,313 25,934 58,416
Net income 55,764 82,614 108,626 169,857
Less: preferred stock dividends 2,669 2,669 8,007 8,007
Net income available to common stockholders $ 53,095 $ 79,945 $ 100,619 $ 161,850
Net income per common share (in dollars per share) $ 7.92 $ 10.92 $ 14.97 $ 22.05
Weighted-average number of common shares outstanding basic (in shares) 6,249 6,485 6,201 6,424
Net income per common share (in dollars per share) $ 7.38 $ 10.82 $ 13.97 $ 21.77
Weighted-average number of common shares outstanding (in shares) 6,705 6,544 6,642 6,507
State and Local Jurisdiction [Member]        
Tax provision (benefit) $ (500) $ 6,385 $ 2,794 $ 11,515
Domestic Tax Authority [Member]        
Tax provision (benefit) 15,126 22,928 23,140 46,901
Homebuilding [Member]        
Revenues 635,308 753,060 1,827,968 1,991,895
Cost of sales, excluding interest 483,990 548,576 1,415,652 1,480,175
Cost of sales interest 19,272 22,453 55,719 57,876
Inventory impairments and land option write-offs 308 1,173 922 1,837
Total cost of sales 503,570 572,202 1,472,293 1,539,888
Selling, general and administrative 47,716 50,163 146,090 139,410
Total expenses 551,286 622,365 1,618,383 1,679,298
Homebuilding [Member] | Sale of Homes [Member]        
Revenues 630,371 736,654 1,800,724 1,973,843
Homebuilding [Member] | Land Sales and Other Revenues [Member]        
Revenues 4,937 16,406 27,244 18,052
Financial Services [Member]        
Revenues 14,649 14,533 41,016 43,548
Total expenses $ 10,345 $ 10,790 $ 29,550 $ 31,982
[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 $2.6 million and $5.0 million for the three months ended July 31, 2023 and 2022, respectively, and $14.5 million and $25.5 million for the nine months ended July 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 $10.9 million and $4.6 million for the three months ended July 31, 2023 and 2022, respectively, and $28.6 million and $9.9 million for the nine months ended July 31, 2023 and 2022, respectively.
[3] Includes gain on consolidation of a joint venture of $19.1 million for the three and nine months ended July 31, 2023 (see Note 18).