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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2010
Revenues:      
Sale of homes $ 1,405,580 $ 1,072,474 $ 1,327,499
Land sales and other revenues 41,038 32,952 12,370
Total homebuilding 1,446,618 1,105,426 1,339,869
Financial services 38,735 29,481 31,973
Total revenues 1,485,353 1,134,907 1,371,842
Expenses:      
Cost of sales, excluding interest 1,179,801 913,901 1,104,049
Cost of sales interest 54,538 74,676 84,440
Inventory impairment loss and land option write-offs 12,530 101,749 135,699
Total cost of sales 1,246,869 1,090,326 1,324,188
Selling, general and administrative 142,087 161,456 178,331
Total homebuilding expenses 1,388,956 1,251,782 1,502,519
Financial services 23,648 21,371 23,074
Corporate general and administrative 48,232 49,938 59,900
Other interest 97,895 [1],[2] 97,169 [1],[2] 97,919 [1],[2]
Other operations 4,205 4,805 9,715
Total expenses 1,562,936 1,425,065 1,693,127
(Loss) gain on extinguishment of debt (29,066) 7,528 25,047
Income (loss) from unconsolidated joint ventures 5,401 (8,958) 956
Loss before income taxes (101,248) (291,588) (295,282)
State and federal income tax (benefit) provision:      
State (35,328) (3,924) (6,536)
Federal 277 (1,577) (291,334)
Total income taxes (35,051) (5,501) (297,870)
Net (loss) income $ (66,197) $ (286,087) $ 2,588
Basic:      
(Loss) income per common share (in Dollars per share) $ (0.52) $ (2.85) $ 0.03
Weighted-average number of common shares outstanding (in Shares) 126,350 100,444 78,691
Assuming dilution:      
(Loss) income per common share (in Dollars per share) $ (0.52) $ (2.85) $ 0.03
Weighted-average number of common shares outstanding (in Shares) 126,350 100,444 79,683
[1] Other interest expensed is comprised of interest that does not qualify for capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt. Interest on completed homes and land in planning which does not qualify for capitalization is expensed.
[2] Cash paid for interest, net of capitalized interest is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest, which is calculated as follows: