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Note 3 - Cash Paid for Interest, Net of Capitalized Interest (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Other interest expensed [1],[2] $ 24,084 $ 23,030 $ 45,309 $ 48,101
Interest paid by our mortgage and finance subsidiaries 851 268 1,410 676
Decrease (increase) in accrued interest (9,948) (8,726) 1,268 (7,716)
Cash paid for interest, net of capitalized interest $ 14,987 $ 14,572 $ 47,987 $ 41,061
[1] 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 on notes payable, which is calculated as follows:
[2] Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt. Also includes interest on completed homes and land in planning, which does not qualify for capitalization, and therefore is expensed.