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Note 4 - Leases
12 Months Ended
Oct. 31, 2016
Notes to Financial Statements  
Leases of Lessee Disclosure [Text Block]
4.
Leases
 
We lease certain property under non cancelable leases. Office leases are generally for terms of
three
to
five
years and generally provide renewal options. Model home leases are generally for shorter terms of approximately
one
to
three
years with renewal options on a month to month basis. In most cases, we expect that in the normal course of business, leases that will expire will be renewed or replaced by other leases. The future lease payments required under operating leases that have initial or remaining non cancelable terms in excess of
one
year are as follows:
 
Years Ending October 31,
 
(In Thousands)
 
2017
 
$9,508
 
2018
 
5,853
 
2019
 
4,971
 
2020
 
2,457
 
2021
 
974
 
Thereafter
 
4,057
 
Total
 
$27,820
 
  
Net rental expense for the
three years ended
October 31, 2016,
2015
and
2014,
was
$12.8
million,
$11.6
million and
$11.6
million, respectively. These amounts include rent expense for various month to month leases on model homes, furniture and equipment. These amounts also include the amortization of abandoned lease costs for leased space that we have abandoned due to our reduction in size and consolidation of certain locations. Certain leases contain renewal or purchase options and generally provide that the Company shall pay for insurance, taxes and maintenance.