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Note 17 - Operating and Reporting Segments (Tables) | 9 Months Ended
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Jul. 31, 2024
Operating and Reporting Segments |
Schedule of financial information relating to our reportable segments |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | July 31, |  |  | July 31, |
(In thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Northeast |  | $ | 255,332 |  |  | $ | 201,814 |  |  | $ | 645,859 |  |  | $ | 625,323 |
Southeast |  |  | 115,964 |  |  |  | 121,240 |  |  |  | 350,761 |  |  |  | 296,084 |
West |  |  | 330,980 |  |  |  | 309,147 |  |  |  | 970,671 |  |  |  | 898,882 |
Total homebuilding |  |  | 702,276 |  |  |  | 632,201 |  |  |  | 1,967,291 |  |  |  | 1,820,289 |
Financial services |  |  | 18,888 |  |  |  | 14,649 |  |  |  | 51,323 |  |  |  | 41,016 |
Corporate and unallocated |  |  | 1,540 |  |  |  | 3,107 |  |  |  | 6,666 |  |  |  | 7,679 |
Total revenues |  | $ | 722,704 |  |  | $ | 649,957 |  |  | $ | 2,025,280 |  |  | $ | 1,868,984 |
Income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Northeast |  | $ | 40,006 |  |  | $ | 29,088 |  |  | $ | 107,645 |  |  | $ | 86,311 |
Southeast |  |  | 20,449 |  |  |  | 23,431 |  |  |  | 62,391 |  |  |  | 49,902 |
West |  |  | 21,009 |  |  |  | 27,873 |  |  |  | 77,198 |  |  |  | 65,981 |
Total homebuilding |  |  | 81,464 |  |  |  | 80,392 |  |  |  | 247,234 |  |  |  | 202,194 |
Financial services |  |  | 6,526 |  |  |  | 4,304 |  |  |  | 15,467 |  |  |  | 11,466 |
Corporate and unallocated (1) |  |  | 9,279 |  |  |  | (14,306 | ) |  |  | (63,477 | ) |  |  | (79,100 | )
Income before income taxes |  | $ | 97,269 |  |  | $ | 70,390 |  |  | $ | 199,224 |  |  | $ | 134,560 |
(1) | Corporate and unallocated for the three months ended July 31, 2024, included corporate general and administrative expenses of $38.4 million, $42.3 million of other income, and a $5.4 million reduction to interest expense. Corporate and unallocated for the nine months ended July 31, 2024, included corporate general and administrative expenses of $108.1 million, $43.2 million of other income, and $1.4 million of gain on extinguishment of debt. Corporate and unallocated for the three months ended July 31, 2023, included corporate general and administrative expenses of $27.4 million, interest expense of $2.6 million, $19.8 million of other income, and loss on extinguishment of debt of $4.1 million. Corporate and unallocated for the nine months ended July 31, 2023, included corporate general and administrative expenses of $78.0 million, interest expense of $14.4 million, $17.4 million of other income, and loss on extinguishment of debt of $4.1 million.
|  | July 31, |  |  | October 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Assets: |  |  |  |  |  |  |  |
Northeast |  | $ | 647,257 |  |  | $ | 483,784 |
Southeast |  |  | 295,320 |  |  |  | 286,701 |
West |  |  | 877,310 |  |  |  | 733,318 |
Total homebuilding |  |  | 1,819,887 |  |  |  | 1,503,803 |
Financial services |  |  | 206,365 |  |  |  | 168,671 |
Corporate and unallocated |  |  | 514,253 |  |  |  | 820,466 |
Total assets |  | $ | 2,540,505 |  |  | $ | 2,492,940 |

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