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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities:    
Net income $ 108,626 $ 169,857
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 7,223 4,009
Stock-based compensation 9,553 6,404
Amortization of debt discounts, premiums and deferred financing costs 1,561 (203)
Gain on sale of property and assets (81) (37)
Gain on consolidation of joint venture (19,102) 0
Income from unconsolidated joint ventures (20,969) (23,919)
Distributions of earnings from unconsolidated joint ventures 13,382 4,197
Loss on extinguishment of debt 4,082 6,795
Noncontrolling interest in consolidated joint ventures 22 225
Decrease (increase) in assets:    
Inventories 217,211 (332,858)
Receivables, deposits and notes 12,638 (13,464)
Origination of mortgage loans (811,015) (882,023)
Sale of mortgage loans 841,659 945,541
Deferred tax assets 20,095 49,108
(Decrease) increase in liabilities:    
Accounts payable, accrued interest and other liabilities (74,050) 4,089
Increase (Decrease) in Contract with Customer, Liability (17,425) 31,226
State income tax payable (2,733) 619
Net cash provided by (used in) operating activities 291,599 (28,597)
Cash flows from investing activities:    
Proceeds from sale of property and assets 459 63
Purchase of property, equipment, and other fixed assets (13,203) (8,606)
Investment in and advances to unconsolidated joint ventures, net of reimbursements (78,560) (169)
Distributions of capital from unconsolidated joint ventures 12,889 5,427
Net cash used in investing activities (78,415) (3,285)
Cash flows from financing activities:    
Proceeds from mortgages and notes 249,041 351,227
Payments related to mortgages and notes (269,453) (287,478)
Proceeds from model sale leaseback financing programs 12,412 27,433
Payments related to model sale leaseback financing programs (14,551) (11,295)
Proceeds from land bank financing programs 34,713 140,179
Payments related to land bank financing programs (90,056) (39,148)
Proceeds from partner distributions to consolidated joint venture 0 40
Payments for partner distributions to consolidated joint venture 0 (432)
Payments related to senior secured notes (101,937) (103,875)
Preferred dividends paid (8,007) (8,007)
Treasury stock purchases (4,800) 0
Deferred financing costs from land banking financing programs and note issuances (2,891) (5,318)
Net cash used in financing activities (227,997) (931)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents (14,813) (32,813)
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period 382,190 311,396
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 367,377 278,583
Supplemental disclosures of cash flows:    
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements) 26,630 17,268
Income taxes 8,571 8,689
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 367,377 278,583
Homebuilding [Member]    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Inventory impairments and land option write-offs 922 1,837
Supplemental disclosures of cash flows:    
Cash and cash equivalents 325,182 225,089
Restricted cash and cash equivalents 8,623 15,505
Financial Services [Member]    
Cash flows from financing activities:    
Net payments related to mortgage warehouse lines of credit (32,468) (64,257)
Supplemental disclosures of cash flows:    
Cash and cash equivalents 4,119 4,849
Restricted cash and cash equivalents $ 29,453 $ 33,140