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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Cash flows from operating activities:    
Net income $ 64,532 $ 147,659
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 8,513 5,679
Stock-based compensation 14,124 20,208
Amortization of debt discounts, premiums and deferred financing costs (1,777) (366)
Gain on sale of property and assets (951) (941)
Gain on consolidation of joint venture 0 (45,653)
Gain on inventory contributed to joint venture (22,683) 0
Income from unconsolidated joint ventures (33,759) (36,814)
Distributions of earnings from unconsolidated joint ventures 3,460 3,170
Gain on extinguishment of debt (399) (1,371)
Inventory impairments and land option write-offs 20,141 3,638
(Increase) decrease in assets:    
Inventories (45,586) (181,270)
Receivables, deposits and notes (2,163) (25,138)
Origination of mortgage loans (1,279,416) (1,083,465)
Sale of mortgage loans 1,297,796 1,065,098
Deferred tax assets 20,244 44,924
(Decrease) increase in liabilities:    
Accounts payable, accrued interest and other liabilities (8,328) 3,819
Customers’ deposits (6,159) (9,146)
State income tax payable (8,384) (2,215)
Net cash provided by (used in) operating activities 19,205 (92,184)
Cash flows from investing activities:    
Proceeds from sale of property and assets 1,523 951
Purchase of property, equipment, and other fixed assets (17,011) (13,437)
Investment in and advances to unconsolidated joint ventures, net of reimbursements (49,572) (32,162)
Distributions of capital from unconsolidated joint ventures 4,425 4,353
Net cash used in investing activities (60,635) (40,295)
Cash flows from financing activities:    
Proceeds from mortgages and notes 152,747 227,612
Payments related to mortgages and notes (191,384) (241,496)
Proceeds from model sale leaseback financing programs 36,978 25,619
Payments related to model sale leaseback financing programs (13,806) (17,728)
Proceeds from land bank financing programs 159,819 75,969
Payments related to land bank financing programs (85,117) (72,132)
Net (payments) proceeds related to mortgage warehouse lines of credit (21,504) 23,688
Payments related to senior notes, senior secured notes and senior unsecured term loan (26,588) (145,000)
Preferred dividends paid (8,007) (8,007)
Treasury stock purchases (30,302) (26,539)
Deferred financing costs from land banking financing programs and note issuances (3,353) (3,155)
Net cash used in financing activities (30,517) (161,169)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents (71,947) (293,648)
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 194,814 183,871
Supplemental disclosures of cash flows:    
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 194,814 183,871
Home Building [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 146,592 122,036
Restricted Cash and Cash Equivalents 12,155 9,615
Financial Services [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 5,228 5,847
Restricted Cash and Cash Equivalents $ 30,839 $ 46,373