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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Revenues $ 800,583 $ 722,704 $ 2,160,677 $ 2,025,280
Inventory impairments and land option write-offs     20,141 3,638
Corporate general and administrative 35,029 38,480 97,221 108,130
Other interest [1] 7,149 6,262 25,811 25,682
Other expense (income), net (1) 460 [2] (44,707) [2] (19,660) (47,284)
Total expenses 792,292 636,133 2,104,640 1,864,241
Gain on extinguishment of debt, net 0 0 399 1,371
Income from unconsolidated joint ventures 15,511 10,698 33,759 36,814
Income before income taxes 23,802 97,269 90,195 199,224
Tax provision 7,187 24,350 25,663 51,565
Net income 16,615 72,919 64,532 147,659
Less: preferred stock dividends 2,669 2,669 8,007 8,007
Net income available to common stockholders $ 13,946 $ 70,250 $ 56,525 $ 139,652
Net income per common share (in dollars per share) $ 2.14 $ 10.61 $ 8.55 $ 20.85
Weighted-average number of common shares outstanding basic (in shares) 6,399 6,474 6,442 6,476
Net income per common share (in dollars per share) $ 1.99 $ 9.75 $ 7.94 $ 19.15
Weighted-average number of common shares outstanding (in shares) 6,887 7,048 6,936 7,048
State and Local Jurisdiction [Member]        
Tax provision $ 3,310 $ 5,896 $ 7,170 $ 13,333
Domestic Tax Authority [Member]        
Tax provision 3,877 18,454 18,493 38,232
Home Building [Member]        
Revenues 772,017 703,816 2,093,851 1,973,957
Cost of sales, excluding interest 636,256 547,332 1,712,835 1,528,047
Cost of sales interest 26,868 22,316 66,162 63,757
Inventory impairments and land option write-offs 16,045 3,099 20,141 3,638
Total cost of sales 679,169 572,747 1,799,138 1,595,442
Selling, general and administrative 55,770 50,989 161,087 146,415
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net 734,939 623,736 1,960,225 1,741,857
Home Building [Member] | Sale of homes [Member]        
Revenues 769,050 687,424 2,066,278 1,947,989
Home Building [Member] | Land Sales and Other Revenues [Member]        
Revenues 2,967 16,392 27,573 25,968
Financial Services [Member]        
Revenues 28,566 18,888 66,826 51,323
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net $ 14,715 $ 12,362 $ 41,043 $ 35,856
[1] During the three and nine months ended July 31, 2025 and 2024, respectively, 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 $7.1 million and $6.3 million for the three months ended July 31, 2025 and 2024, respectively, and $25.8 million and $25.7 million for the nine months ended July 31, 2025 and 2024, respectively.
[2] Includes gain on contribution of assets to a joint venture of $22.7 million for the nine months ended July 31, 2025, and includes gain on consolidation of a joint venture of $45.7 million for the three and nine months ended July 31, 2024 (see note 18).