Geographic Segments

3 Months Ended

Jan. 31, 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):

	Three months ended January 31,
	2013			2012
Revenue:
North	$	92,670		$	75,580
Mid-Atlantic	132,151			100,799
South	87,185			76,466
West	112,595			69,110
Total	$	424,601		$	321,955
Income (loss) before income taxes:
North	$	7,242		$	1,201
Mid-Atlantic	15,095			10,642
South	2,725			(2,077		)
West	8,047			5,603
Corporate and other	(24,783		)	(21,777		)
Total	$	8,326		$	(6,408	)

“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, 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).

	January 31, 2013		October 31, 2012
North	$	1,430,831	$	1,205,900
Mid-Atlantic	1,349,624		1,304,798
South	869,325		821,001
West	959,673		913,699
Corporate and other	1,508,798		1,935,646
Total	$	6,118,251	$	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 January 31,		At October 31,		Three months ended January 31,
	2013		2012		2013			2012
Inventory:
Land controlled for future communities:
North	$	14,937	$	13,196	$	88		$	24
Mid-Atlantic	26,031		27,249		16			199
South	8,130		7,724		355			555
West	5,423		8,131		(450		)	(1		)
	54,521		56,300		9			777
Land owned for future communities:
North	395,575		226,082
Mid-Atlantic	474,446		431,620
South	163,080		141,644					918
West	220,001		241,027
	1,253,102		1,040,373		—			918
Operating communities:
North	855,440		803,085		500			2,265
Mid-Atlantic	739,084		729,739
South	633,822		603,239					4,160
West	619,078		528,451		200
	2,847,424		2,664,514		700			6,425
Total	$	4,155,047	$	3,761,187	$	709		$	8,120
Investments in and advances to unconsolidated entities:
North	$	143,358	$	142,213
South	31,609		31,252
West	106,368		116,452
Corporate	40,516		40,700
Total	$	321,851	$	330,617	$	—		$	—