XML 44 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Related to Mortgage Company [Member]    
Cash flows from investing activities:    
Decrease in restricted cash related to mortgage company $ 88 $ 1,466
Related to Letters of Credit [Member]    
Cash flows from investing activities:    
Decrease in restricted cash related to mortgage company 873
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]    
Cash flows from financing activities:    
Proceeds from senior notes 250,000
Net loss (25,108) (41,619)
Depreciation 2,608 2,553
Compensation from stock options and awards 1,777 9,205
Amortization of bond discounts and deferred financing costs 9,209 8,883
Gain on sale and retirement of property and assets (616) (689)
Loss (income) from unconsolidated joint ventures 5,227 (2,470)
Distributions of earnings from unconsolidated joint ventures 677 6,098
Inventory impairment and land option write-offs 22,915 7,618
Deferred income tax benefit (2,462) (18,498)
Origination of mortgage loans (887,281) (689,587)
Sale of mortgage loans 879,817 674,255
Restricted cash, receivables, prepaids, deposits and other assets 10,533 (4,505)
Inventories 154,909 (275,797)
State income tax payable (617) (749)
Customers’ deposits 1,312 12,330
Accounts payable, accrued interest and other accrued liabilities 21,656 (19,708)
Net cash provided by (used in) operating activities 194,556 (332,680)
Proceeds from sale of property and assets 643 1,143
Purchase of property, equipment & other fixed assets and acquisitions (5,094) (1,653)
Investments in and advances to unconsolidated joint ventures (39,089) (17,001)
Distributions of capital from unconsolidated joint ventures 6,403 10,721
Net cash used in investing activities (36,176) (5,324)
Proceeds from mortgages and notes 147,170 120,521
Payments related to mortgages and notes (200,273) (89,736)
Proceeds from model sale leaseback financing programs 24,297 32,507
Payments related to model sale leaseback financing programs (24,917) (12,743)
Proceeds from land bank financing programs 162,468 10,061
Payments related to land bank financing programs (70,749) (20,437)
Proceeds from senior notes   250,000
Payments related to senior notes and senior amortizing notes (263,994) (4,238)
Borrowings from revolving credit facility 5,000
Net proceeds related to mortgage warehouse lines of credit 6,781 11,635
Deferred financing costs from land bank financing programs and note issuances (7,866) (7,527)
Net cash (used in) provided by financing activities (222,083) 290,043
Net decrease in cash and cash equivalents (63,703) (47,961)
Cash and cash equivalents balance, beginning of period 253,745 261,898
Cash and cash equivalents balance, end of period 190,042 213,937
Supplemental disclosure of cash flow:    
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements) 80,493 73,553
Income taxes $ (1,517) $ 1,703