Revenue and income (loss) before income taxes and total assets |
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): | | | | | | | | | | | | | | | | | | Nine months ended July 31, | | Three months ended July 31, | | 2013 | | 2012 | | 2013 | | 2012 | Revenue: | | | | | | | | North | $ | 379,723 |
| | $ | 363,801 |
| | $ | 182,773 |
| | $ | 177,068 |
| Mid-Atlantic | 446,001 |
| | 360,007 |
| | 166,303 |
| | 155,602 |
| South | 418,310 |
| | 255,910 |
| | 195,568 |
| | 97,076 |
| West | 385,731 |
| | 270,237 |
| | 144,516 |
| | 124,573 |
| Total | $ | 1,629,765 |
| | $ | 1,249,955 |
| | $ | 689,160 |
| | $ | 554,319 |
| Income (loss) before income taxes: | | | | | | | | North | $ | 44,405 |
| | $ | 51,453 |
| | $ | 29,655 |
| | $ | 33,720 |
| Mid-Atlantic | 53,787 |
| | 37,046 |
| | 20,211 |
| | 18,256 |
| South | 38,796 |
| | 9,200 |
| | 21,901 |
| | 5,202 |
| West | 42,881 |
| | 17,108 |
| | 21,827 |
| | 8,940 |
| Corporate and other | (62,322 | ) | | (62,614 | ) | | (25,341 | ) | | (23,166 | ) | Total | $ | 117,547 |
| | $ | 52,193 |
| | $ | 68,253 |
| | $ | 42,952 |
|
“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). | | | | | | | | | | July 31, 2013 | | October 31, 2012 | North | $ | 1,532,338 |
| | $ | 1,205,900 |
| Mid-Atlantic | 1,429,246 |
| | 1,304,798 |
| South | 955,964 |
| | 821,001 |
| West | 1,142,769 |
| | 913,699 |
| Corporate and other | 1,727,226 |
| | 1,935,646 |
| Total | $ | 6,787,543 |
| | $ | 6,181,044 |
|
|
Inventory impairment charges, net carrying value of investing, and write-downs of investments |
The Company provided for inventory impairment charges and the expensing of costs that it believed not to be recoverable 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 July 31, | | At October 31, | | Nine months ended July 31, | | Three months ended July 31, | | 2013 | | 2012 | | 2013 | | 2012 | | 2013 | | 2012 | Inventory: | | | | | | | | | | | | Land controlled for future communities: | | | | | | | | | | | | North | $ | 35,306 |
| | $ | 13,196 |
| | $ | 832 |
| | $ | (949 | ) | | $ | 33 |
| | $ | 47 |
| Mid-Atlantic | 29,994 |
| | 27,249 |
| | 33 |
| | 722 |
| | 16 |
| | 41 |
| South | 12,194 |
| | 7,724 |
| | 362 |
| | 799 |
| | 1 |
| | 231 |
| West | 14,165 |
| | 8,131 |
| | (390 | ) | | 89 |
| | 89 |
| | 116 |
| | 91,659 |
| | 56,300 |
| | 837 |
| | 661 |
| | 139 |
| | 435 |
| Land owned for future communities: | | | | | | | | | | | | North | 325,157 |
| | 226,082 |
| |
|
| |
|
| |
| |
| Mid-Atlantic | 359,366 |
| | 431,620 |
| |
|
| |
|
| |
| |
| South | 159,909 |
| | 141,644 |
| |
|
| | 918 |
| |
|
| |
| West | 186,541 |
| | 241,027 |
| |
|
| |
|
| |
| |
| | 1,030,973 |
| | 1,040,373 |
| | — |
| | 918 |
| | — |
| | — |
| Operating communities: | | | | | | | | | | | | North | 978,104 |
| | 803,085 |
| | 940 |
| | 2,725 |
| | 100 |
| |
|
| Mid-Atlantic | 925,153 |
| | 729,739 |
| |
|
| | 4,100 |
| |
|
| | 2,000 |
| South | 696,943 |
| | 603,239 |
| |
|
| | 4,245 |
| |
|
| | 85 |
| West | 794,176 |
| | 528,451 |
| | 200 |
| | 600 |
| |
| | 600 |
| | 3,394,376 |
| | 2,664,514 |
| | 1,140 |
| | 11,670 |
| | 100 |
| | 2,685 |
| Total | $ | 4,517,008 |
| | $ | 3,761,187 |
| | $ | 1,977 |
| | $ | 13,249 |
| | $ | 239 |
| | $ | 3,120 |
| | | | | | | | | | | | | Investments in and advances to unconsolidated entities: | | | | | | | | | | | | North | $ | 164,950 |
| | $ | 142,213 |
| |
|
| |
|
| |
| |
| South | 47,269 |
| | 31,252 |
| |
|
| |
|
| |
| |
| West | 110,073 |
| | 116,452 |
| |
|
| | (1,621 | ) | |
|
| |
|
| Corporate | 34,545 |
| | 40,700 |
| |
|
| |
|
| |
| |
| Total | $ | 356,837 |
| | $ | 330,617 |
| | $ | — |
| | $ | (1,621 | ) | | $ | — |
| | $ | — |
|
|