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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Revenues $ 3,004,918 $ 2,756,016 $ 2,922,231
Inventory impairments and land option write-offs 11,556 1,536 14,076
Corporate general and administrative 139,740 103,196 102,618
Other interest [1] 30,752 54,082 47,343
Other (income) expenses, net (46,203) [2] (17,148) [2] 2,421
Total expenses 2,741,462 2,517,587 2,624,716
Gain (loss) on extinguishment of debt, net 1,371 (25,638) (6,795)
Income from unconsolidated joint ventures 52,262 43,160 29,033
Income before income taxes 317,089 255,951 319,753
Total income taxes 75,081 50,060 94,263
Net income 242,008 205,891 225,490
Less: preferred stock dividends 10,675 10,675 10,675
Net income available to common stockholders $ 231,333 $ 195,216 $ 214,815
Net income per common share (in dollars per share) $ 34.4 $ 28.76 $ 30.31
Weighted-average number of common shares outstanding basic (in shares) 6,479 6,230 6,437
Net income per common share (in dollars per share) $ 31.79 $ 26.88 $ 29
Weighted-average number of common shares outstanding (in shares) 7,007 6,666 6,728
State and Local Jurisdiction [Member]      
Total income taxes $ 10,851 $ 3,239 $ 34,199
Domestic Tax Authority [Member]      
Total income taxes 64,230 46,821 60,064
Home Building [Member]      
Revenues 2,930,854 2,695,928 2,860,691
Cost of sales, excluding interest 2,263,384 2,052,800 2,137,063
Cost of sales interest 89,807 80,820 85,240
Inventory impairments and land option write-offs 11,556 1,536 14,076
Total cost of sales 2,364,747 2,135,156 2,236,379
Selling, general and administrative 202,486 201,578 193,536
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net 2,567,233 2,336,734 2,429,915
Home Building [Member] | Sale of homes [Member]      
Revenues 2,875,488 2,630,457 2,840,454
Home Building [Member] | Land Sales and Other Revenues [Member]      
Revenues 55,366 65,471 20,237
Financial Services [Member]      
Revenues 74,064 60,088 61,540
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net $ 49,940 $ 40,723 $ 42,419
[1] 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.
[2] Includes gain on consolidation of a joint venture of $45.7 million and $19.1 million for the year ended October 31, 2024 and 2023, respectively (see Note 20).