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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Revenues $ 673,623 $ 594,196
Inventory impairments and land option write-offs 1,040 302
Corporate general and administrative 32,692 37,133
Other interest [1] 9,517 10,451
Other (income) expense, net (1) [2] (20,620) 551
Total expenses 642,965 577,956
Gain on extinguishment of debt, net 0 1,371
Income from unconsolidated joint ventures 9,205 14,952
Income before income taxes 39,863 32,563
Tax provision 11,672 8,659
Net income 28,191 23,904
Less: preferred stock dividends 2,669 2,669
Net income available to common stockholders $ 25,522 $ 21,235
Net income per common share (in dollars per share) $ 3.88 $ 3.11
Weighted-average number of common shares outstanding basic (in shares) 6,517 6,496
Net income per common share (in dollars per share) $ 3.58 $ 2.91
Weighted-average number of common shares outstanding (in shares) 7,071 6,937
State and Local Jurisdiction [Member]    
Tax provision $ 2,049 $ 2,206
Domestic Tax Authority [Member]    
Tax provision 9,623 6,453
Home Building [Member]    
Revenues 656,681 578,928
Cost of sales, excluding interest 533,290 449,213
Cost of sales interest 19,356 19,898
Inventory impairments and land option write-offs 1,040 302
Total cost of sales 553,686 469,413
Selling, general and administrative 54,253 48,937
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net 607,939 518,350
Home Building [Member] | Sale of homes [Member]    
Revenues 646,914 573,636
Home Building [Member] | Land Sales and Other Revenues [Member]    
Revenues 9,767 5,292
Financial Services [Member]    
Revenues 16,942 15,268
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net $ 13,437 $ 11,471
[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 $3.7 million for the three months ended January 31, 2024. During the three months ended January 31, 2025, 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, along with financing programs, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $9.5 million and $6.8 million for the three months ended January 31, 2025 and 2024, respectively.
[2] Includes gain on contribution of assets to a joint venture of $22.7 million for the three months ended January 31, 2025 (see note 18).