FAIR VALUE OF FINANCIAL INSTRUMENTS AND IMPAIRMENT (Tables)

12 Months Ended

Oct. 31, 2013

Fair Value Of Financial Instruments And Impairment Tables

Schedule of Fair Value Financial Instruments

The estimated recurring fair values of the Companies' financial instruments at October 31, 2013 and October 31, 2012 are as follows:

	10/31/13		10/31/12
	Carrying Amount	Fair Value	Carrying Amount	Fair Value
ASSETS:
Cash and cash equivalents	$3,514,236	$3,514,236	$702,902	$702,902
Accounts receivable	109,796	109,796	143,382	143,382
LIABILITIES:
Accounts payable	121,725	121,725	140,956	140,956
Accrued liabilities	305,604	305,604	311,097	311,097
Debt	$14,251,685	$14,392,436	$16,880,416	$16,988,594

Schedule of Fair Value Measurements Resulting in Impairment Losses

   The table below summarizes the level of fair value hierarchy in which the fair value measurements resulting in impairment losses during the period ending October 31, 2013 are categorized:

		Non-Recurring Fair Value Measurements at the End of the Reporting Period Using ($ in thousands)
	10/31/2013	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total Losses
Land and land development costs (a)	$1,111			$1,111	$3,500
Land held for investment (b)	300		300		200
Total nonrecurring fair value measurements	$1,411	$0	$300	$1,111	$3,700

Schedule of certain quantitative unobservable inputs (Level 3) utilized in determining the fair value of the impaired land and land development costs

   The table below summarizes, for the periods indicated, the ranges of certain quantitative unobservable inputs (Level 3) utilized in determining the fair value of the impaired land and land development costs:

Fiscal Year Ending October 31,	Sales price per square ft.	Sales pace per year (in Units)	Discount rate
2015	$147 - $152	9	10%
2016	$153 - $164	25	10%
2017	$165 - $171	34	10%
2018	$172 - $178	32	10%
2019	$179 - $185	17	10%
2020	$186 - $192	3	10%