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Note 3 - Summary of Significant Accounting Policies - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($) $ in Thousands | 12 Months Ended
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Oct. 31, 2024 | Oct. 31, 2023 | Oct. 31, 2022
Summary of Significant Accounting Policies |  |  |  |  |  |
Interest capitalized at beginning of year |  | $ 52,060 | [1] | $ 59,600 | [1] | $ 58,159
Plus interest incurred(1) | [2] | 128,777 |  | 136,535 |  | 134,024
Less cost of sales interest expensed |  | (89,807) |  | (80,820) |  | (85,240)
Less other interest expensed(2) | [3] | (30,752) |  | (54,082) |  | (47,343)
Less interest contributed to unconsolidated joint ventures(3) | [4] | (5,468) |  | (9,456) |  | 0
Plus interest acquired from unconsolidated joint ventures(4) | [5] | 2,861 |  | 283 |  | 0
Interest capitalized at end of year(5) | [1] | $ 57,671 |  | $ 52,060 |  | $ 59,600
[1] | Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.
[2] | Does not include interest incurred by our mortgage and finance subsidiaries.
[3] | Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) did not exceed our debt, which amounted to $17.7 million and $28.6 million for the years ended October 31, 2023 and 2022, respectively. During the year ended October 31, 2024, our inventory under development exceeded our debt, therefore, all of the related interest incurred qualified for interest capitalization. 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 $30.8 million, $36.4 million and $18.8 million for the years ended October 31, 2024, 2023 and 2022, respectively.
[4] | Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 20. There was no impact to the Consolidated Statement of Operations as a result of these capitalized interest transactions.
[5] | Represents capitalized interest which was included as part of the assets acquired from joint ventures, as discussed in Note 20. There was no impact to the Consolidated Statement of Operations as a result of these capitalized interest transactions.

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- Definition The amount of interest acquired from unconsolidated joint ventures during period. + References No definition available. + Details
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- Definition The amount of interest contributed to unconsolidated joint ventures during period. + References No definition available. + Details
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- Definition Interest cost which does not qualify for interest capitalization. + References No definition available. + Details
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- Definition Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483013/835-20-50-1 + Details
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- Definition Amount of interest cost charged to cost of sales that had been previously capitalized to inventory. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483013/835-20-50-1 + Details
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- Definition The amount of interest capitalized to an operative builder's inventory during the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483013/835-20-50-1 + Details
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