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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2014
Revenues $ 2,752,247 $ 2,148,480 $ 2,063,380
Inventory impairment loss and land option write-offs 33,353 12,044 5,224
Corporate general and administrative 60,141 62,506 63,375
Other interest [1],[2] 90,967 91,835 87,378
Other operations 4,874 6,003 4,647
Expenses 2,742,265 2,174,414 2,049,942
Loss on extinguishment of debt (3,200) (1,155)
Income (loss) from unconsolidated joint ventures (4,346) 4,169 7,897
Income (loss) before income taxes 2,436 (21,765) 20,180
State and federal income tax provision (benefit) 5,255 (5,665) (286,964)
Net (loss) income $ (2,819) $ (16,100) $ 307,144
(Loss) income per common share (in dollars per share) $ (0.02) $ (0.11) $ 2.05
Weighted-average number of common shares outstanding (in shares) 147,451 146,899 146,271
Income (loss) per common share (in dollars per share) $ (0.02) $ (0.11) $ 1.87
Weighted-average number of common shares outstanding (in shares) 147,451 146,899 162,441
State and Local Jurisdiction [Member]      
State and federal income tax provision (benefit) $ 2,457 $ 4,293 $ (12,452)
Domestic Tax Authority [Member]      
State and federal income tax provision (benefit) 2,798 (9,958) (274,512)
Homebuilding [Member]      
Sale of homes 2,600,790 2,088,129 2,013,013
Land sales and other revenues 78,840 3,686 7,953
Total homebuilding 2,679,630 2,091,815 2,020,966
Cost of sales, excluding interest 2,230,457 1,722,038 1,615,199
Cost of sales interest 92,391 59,613 53,966
Inventory impairment loss and land option write-offs 33,353 12,044 5,224
Total cost of sales 2,356,201 1,793,695 1,674,389
Selling, general and administrative 192,938 188,403 191,537
Total homebuilding expenses 2,549,139 1,982,098 1,865,926
Expenses 2,705,121 2,142,442 2,021,326
Financial Services [Member]      
Financial services 72,617 56,665 42,414
Financial services 37,144 31,972 28,616
Expenses $ 37,144 $ 31,972 $ 28,616
[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.