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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2025
Apr. 30, 2024
Revenues $ 686,471 $ 708,380 $ 1,360,094 $ 1,302,576
Inventory impairments and land option write-offs     4,096 539
Corporate general and administrative 29,500 32,517 62,192 69,650
Other interest [1] 9,145 8,969 18,662 19,420
Other (income) expense, net (1) 500 [2] (3,128) [2] (20,120) (2,577)
Total expenses 669,383 650,152 1,312,348 1,228,108
Gain on extinguishment of debt, net 399 0 399 1,371
Income from unconsolidated joint ventures 9,043 11,164 18,248 26,116
Income before income taxes 26,530 69,392 66,393 101,955
Tax provision 6,804 18,556 18,476 27,215
Net income 19,726 50,836 47,917 74,740
Less: preferred stock dividends 2,669 2,669 5,338 5,338
Net income available to common stockholders $ 17,057 $ 48,167 $ 42,579 $ 69,402
Net income per common share (in dollars per share) $ 2.64 $ 7.12 $ 6.53 $ 10.22
Weighted-average number of common shares outstanding basic (in shares) 6,411 6,457 6,464 6,477
Net income per common share (in dollars per share) $ 2.43 $ 6.66 $ 6.02 $ 9.57
Weighted-average number of common shares outstanding (in shares) 6,951 6,902 7,011 6,920
State and Local Jurisdiction [Member]        
Tax provision $ 1,811 $ 5,231 $ 3,860 $ 7,437
Domestic Tax Authority [Member]        
Tax provision 4,993 13,325 14,616 19,778
Home Building [Member]        
Revenues 665,153 691,213 1,321,834 1,270,141
Cost of sales, excluding interest 543,289 531,502 1,076,579 980,715
Cost of sales interest 19,938 21,543 39,294 41,441
Inventory impairments and land option write-offs 3,056 237 4,096 539
Total cost of sales 566,283 553,282 1,119,969 1,022,695
Selling, general and administrative 51,064 46,489 105,317 95,426
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net 617,347 599,771 1,225,286 1,118,121
Home Building [Member] | Sale of homes [Member]        
Revenues 650,314 686,929 1,297,228 1,260,565
Home Building [Member] | Land Sales and Other Revenues [Member]        
Revenues 14,839 4,284 24,606 9,576
Financial Services [Member]        
Revenues 21,318 17,167 38,260 32,435
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net $ 12,891 $ 12,023 $ 26,328 $ 23,494
[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 $1.7 million and $5.4 million for the three and six months ended April 30, 2024, respectively. During the three and six months ended April 30, 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 $9.1 million and $7.3 million for the three months ended April 30, 2025 and 2024, respectively, and $18.7 million and $14.1 million for the six months ended April 30, 2025 and 2024, respectively.
[2] Includes gain on contribution of assets to a joint venture of $22.7 million for the six months ended April 30, 2025 (see note 18).