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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Revenues $ 722,704 $ 649,957 $ 2,025,280 $ 1,868,984
Inventory impairments and land option write-offs     3,638 922
Corporate general and administrative 38,480 27,365 108,130 77,934
Other interest [1] 6,262 13,502 25,682 43,096
Other (income) expenses, net (1) [2] (44,707) (18,612) (47,284) (17,652)
Total expenses 636,133 583,886 1,864,241 1,751,311
(Loss) gain on extinguishment of debt, net 0 (4,082) 1,371 (4,082)
Income from unconsolidated joint ventures 10,698 8,401 36,814 20,969
Income before income taxes 97,269 70,390 199,224 134,560
Tax provision (benefit) 24,350 14,626 51,565 25,934
Net income 72,919 55,764 147,659 108,626
Less: preferred stock dividends 2,669 2,669 8,007 8,007
Net income available to common stockholders $ 70,250 $ 53,095 $ 139,652 $ 100,619
Net income per common share (in dollars per share) $ 10.61 $ 7.92 $ 20.85 $ 14.97
Weighted-average number of common shares outstanding basic (in shares) 6,474 6,249 6,476 6,201
Net income per common share (in dollars per share) $ 9.75 $ 7.38 $ 19.15 $ 13.97
Weighted-average number of common shares outstanding (in shares) 7,048 6,705 7,048 6,642
State and Local Jurisdiction [Member]        
Tax provision (benefit) $ 5,896 $ (500) $ 13,333 $ 2,794
Domestic Tax Authority [Member]        
Tax provision (benefit) 18,454 15,126 38,232 23,140
Home Building [Member]        
Revenues 703,816 635,308 1,973,957 1,827,968
Cost of sales, excluding interest 547,332 483,990 1,528,047 1,415,652
Cost of sales interest 22,316 19,272 63,757 55,719
Inventory impairments and land option write-offs 3,099 308 3,638 922
Total cost of sales 572,747 503,570 1,595,442 1,472,293
Selling, general and administrative 50,989 47,716 146,415 146,090
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net 623,736 551,286 1,741,857 1,618,383
Home Building [Member] | Sale of homes [Member]        
Revenues 687,424 630,371 1,947,989 1,800,724
Home Building [Member] | Land Sales and Other Revenues [Member]        
Revenues 16,392 4,937 25,968 27,244
Financial Services [Member]        
Revenues 18,888 14,649 51,323 41,016
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net $ 12,362 $ 10,345 $ 35,856 $ 29,550
[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 $2.6 million and $14.5 million for the three and nine months ended July 31, 2023. During the three and nine months ended July 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 $6.3 million and $10.9 million for the three months ended July 31, 2024 and 2023, respectively, and $25.7 million and $28.6 million for the nine months ended July 31, 2024 and 2023, respectively.
[2] Includes gain on consolidation of a joint venture of $45.7 million and $19.1 million for the three and nine months ended July 31, 2024 and 2023, respectively (see Note 18).