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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Revenues $ 594,196 $ 515,366
Inventory impairments and land option write-offs 302 477
Corporate general and administrative 37,133 25,490
Other interest [1] 10,451 15,093
Other expenses, net 551 386
Total expenses 577,956 504,479
Gain on extinguishment of debt, net 1,371 0
Income from unconsolidated joint ventures 14,952 7,160
Income before income taxes 32,563 18,047
Tax provision (benefit) 8,659 (669)
Net income 23,904 18,716
Less: preferred stock dividends 2,669 2,669
Net income available to common stockholders $ 21,235 $ 16,047
Net income per common share (in dollars per share) $ 3.11 $ 2.37
Weighted-average number of common shares outstanding basic (in shares) 6,496 6,186
Net income per common share (in dollars per share) $ 2.91 $ 2.26
Weighted-average number of common shares outstanding (in shares) 6,937 6,468
State and Local Jurisdiction [Member]    
Tax provision (benefit) $ 2,206 $ 2,211
Domestic Tax Authority [Member]    
Tax provision (benefit) 6,453 (2,880)
Home Building [Member]    
Revenues 578,928 503,202
Cost of sales, excluding interest 449,213 391,040
Cost of sales interest 19,898 15,022
Inventory impairments and land option write-offs 302 477
Total cost of sales 469,413 406,539
Selling, general and administrative 48,937 47,918
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net 518,350 454,457
Home Building [Member] | Sale of homes [Member]    
Revenues 573,636 499,645
Home Building [Member] | Land Sales and Other Revenues [Member]    
Revenues 5,292 3,557
Financial Services [Member]    
Revenues 15,268 12,164
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net $ 11,471 $ 9,053
[1] 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 $3.7 million and $6.6 million for the three months ended January 31, 2024 and 2023, 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 $6.8 million and $8.5 million for the three months ended January 31, 2024 and 2023, respectively.