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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Cash flows from operating activities:    
Net income $ 47,917 $ 74,740
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 5,321 3,612
Stock-based compensation 7,881 11,018
Amortization of debt discounts, premiums and deferred financing costs (1,384) 570
Gain on sale of property and assets (952) (958)
Gain on assets contributed to joint venture (22,683) 0
Income from unconsolidated joint ventures (18,248) (26,116)
Distributions of earnings from unconsolidated joint ventures 2,160 1,688
Gain on extinguishment of debt (399) (1,371)
Inventory impairments and land option write-offs 4,096 539
(Increase) decrease in assets:    
Inventories (80,574) (68,411)
Receivables, deposits and notes 3,475 (1,920)
Origination of mortgage loans (778,632) (681,335)
Sale of mortgage loans 809,548 714,495
Deferred tax assets 16,521 23,129
(Decrease) increase in liabilities:    
Accounts payable, accrued interest and other liabilities (22,531) (41,694)
Customers’ deposits 4,023 (5,800)
State income tax payable (9,115) (2,087)
Net cash (used in) provided by operating activities (33,576) 99
Cash flows from investing activities:    
Proceeds from sale of property and assets 1,522 1,000
Purchase of property, equipment, and other fixed assets (10,004) (9,883)
Investment in and advances to unconsolidated joint ventures, net of reimbursements (28,889) (32,480)
Distributions of capital from unconsolidated joint ventures 4,425 4,163
Net cash used in investing activities (32,946) (37,200)
Cash flows from financing activities:    
Proceeds from mortgages and notes 105,552 151,283
Payments related to mortgages and notes (119,069) (157,996)
Proceeds from model sale leaseback financing programs 25,914 0
Payments related to model sale leaseback financing programs (7,105) (12,111)
Proceeds from land bank financing programs 55,215 25,854
Payments related to land bank financing programs (40,671) (51,813)
Net payments related to mortgage warehouse lines of credit (36,830) (29,103)
Payments related to senior notes, senior secured notes and senior unsecured term loan (26,588) (113,502)
Preferred dividends paid (5,338) (5,338)
Treasury stock purchases (30,396) (15,147)
Deferred financing costs from land banking financing programs and note issuances (1,705) (1,624)
Net cash used in financing activities (81,021) (209,497)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents (147,543) (246,598)
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period 266,761 477,519
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 119,218 230,921
Supplemental disclosures of cash flows:    
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 119,218 230,921
Home Building [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 73,980 181,966
Restricted Cash and Cash Equivalents 9,031 8,370
Financial Services [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 4,705 4,729
Restricted Cash and Cash Equivalents $ 31,502 $ 35,856