Geographic Segments

6 Months Ended

Apr. 30, 2013

Geographic Segments [Abstract]

Segment Reporting Disclosure [Text Block]

Geographic Segments

Revenue and income (loss) before income taxes for each of the Company’s geographic segments, for the periods indicated, were as follows (amounts in thousands):

	Six months ended April 30,						Three months ended April 30,
	2013			2012			2013			2012
Revenue:
North	$	196,950		$	186,733		$	104,280		$	111,153
Mid-Atlantic	279,697			204,405			147,546			103,606
South	222,742			158,834			135,557			82,368
West	241,216			145,664			128,621			76,554
Total	$	940,605		$	695,636		$	516,004		$	373,681
Income (loss) before income taxes:
North	$	14,757		$	17,705		$	7,495		$	16,672
Mid-Atlantic	33,575			18,804			18,480			7,729
South	16,895			3,988			14,170			6,213
West	21,055			8,166			13,008			2,697
Corporate and other	(36,988		)	(39,422		)	(12,185		)	(17,662		)
Total	$	49,294		$	9,241		$	40,968		$	15,649

“Corporate and other” is comprised principally of general corporate expenses such as the offices of the Executive Officers of the Company and the corporate finance, accounting, audit, tax, human resources, risk management, marketing and legal groups; interest income and income from certain of the Company’s ancillary businesses, including Gibraltar; and income from a number of the Company's unconsolidated entities.

Total assets for each of the Company’s geographic segments, as of the date indicated, are shown in the table below (amounts in thousands).

	April 30, 2013		October 31, 2012
North	$	1,474,653	$	1,205,900
Mid-Atlantic	1,401,122		1,304,798
South	930,790		821,001
West	1,068,681		913,699
Corporate and other	1,683,359		1,935,646
Total	$	6,558,605	$	6,181,044

Corporate and other is comprised principally of cash and cash equivalents, marketable securities, restricted cash, the assets of the Company’s manufacturing facilities and mortgage subsidiary, and its Gibraltar investments.

The Company provided for inventory impairment charges and the expensing of costs that it believed not to be recoverable and write-downs of investments in unconsolidated entities (including the Company's pro-rata share of impairment charges recognized by the unconsolidated entities in which it has an investment) and recoveries of prior charges for the periods indicated, as shown in the table below; the net carrying value of inventory and investments in and advances to unconsolidated entities for each of the Company’s geographic segments, as of the dates indicated, are also shown in the table below (amounts in thousands):

	Net Carrying Value				Impairments
	At April 30,		At October 31,		Six months ended April 30,						Three months ended April 30,
	2013		2012		2013			2012			2013			2012
Inventory:
Land controlled for future communities:
North	$	19,676	$	13,196	$	799		$	(996	)	$	712		$	(1,020	)
Mid-Atlantic	25,635		27,249		17			680			1			482
South	7,749		7,724		361			569			5			13
West	9,143		8,131		(479		)	(28		)	(29		)	(27		)
	62,203		56,300		698			225			689			(552		)
Land owned for future communities:
North	319,380		226,082
Mid-Atlantic	378,386		431,620
South	133,888		141,644					918
West	251,596		241,027
	1,083,250		1,040,373		—			918			—			—
Operating communities:
North	955,651		803,085		840			2,725			340			460
Mid-Atlantic	885,905		729,739					2,100						2,100
South	709,255		603,239					4,160
West	670,953		528,451		200
	3,221,764		2,664,514		1,040			8,985			340			2,560
Total	$	4,367,217	$	3,761,187	$	1,738		$	10,128		$	1,029		$	2,008
Investments in and advances to unconsolidated entities:
North	$	166,210	$	142,213
South	46,181		31,252
West	108,511		116,452					(1,621		)				(1,621		)
Corporate	36,630		40,700
Total	$	357,532	$	330,617	$	—		$	(1,621	)	$	—		$	(1,621	)