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Information on Operating Segments (Tables)
9 Months Ended
Jul. 31, 2014
Segment Reporting [Abstract]  
Revenue and income (loss) before income taxes and total assets
Revenue and income (loss) before income taxes for each of our reportable and geographic segments, for the periods indicated, were as follows (amounts in thousands): 
 
Nine months ended July 31,
 
Three months ended July 31,
 
2014
 
2013
 
2014
 
2013
Revenues:
 
 
 
 
 
 
 
Traditional Home Building:
 
 
 
 
 
 
 
North
$
428,415

 
$
288,024

 
$
163,530

 
$
113,457

Mid-Atlantic
552,362

 
425,929

 
202,791

 
155,819

South
576,589

 
411,917

 
239,902

 
189,175

West
889,476

 
385,730

 
381,640

 
144,514

Traditional Home Building
2,446,842

 
1,511,600

 
987,863

 
602,965

City Living
114,070

 
118,165

 
68,994

 
86,195

Total
$
2,560,912

 
$
1,629,765

 
$
1,056,857

 
$
689,160

 
 
 
 
 
 
 
 
Income (loss) before income taxes:
 
 
 
 
 
 
 
Traditional Home Building:
 
 
 
 
 
 
 
North
$
34,892

 
$
11,235

 
$
17,740

 
$
3,320

Mid-Atlantic
72,427

 
50,051

 
26,518

 
18,061

South
77,642

 
38,978

 
36,690

 
21,965

West
153,371

 
42,880

 
73,859

 
21,825

Traditional Home Building
338,332

 
143,144

 
154,807

 
65,171

City Living
35,351

 
37,241

 
26,387

 
28,905

Corporate and other
(57,639
)
 
(62,838
)
 
(29,869
)
 
(25,823
)
Total
$
316,044

 
$
117,547

 
$
151,325

 
$
68,253


“Corporate and other” is comprised principally of general corporate expenses such as the offices of our Executive Officers and the corporate finance, accounting, audit, tax, human resources, risk management, marketing, and legal groups; interest income and income from certain of our ancillary businesses, including Gibraltar; and income from a number of our unconsolidated entities.
Total assets for each of our reportable and geographic segments, as of the date indicated, are shown in the table below (amounts in thousands). 
 
July 31,
2014
 
October 31,
2013
Traditional Home Building:
 
 
 
North
$
1,051,162

 
$
963,597

Mid-Atlantic
1,278,640

 
1,231,438

South
1,187,030

 
953,955

West
2,783,956

 
1,290,388

Traditional Home Building
6,300,788

 
4,439,378

City Living
810,422

 
674,302

Corporate and other
1,220,706

 
1,713,779

Total
$
8,331,916

 
$
6,827,459


“Corporate and other” is comprised principally of cash and cash equivalents, marketable securities, restricted cash, deferred tax assets and the assets of our Gibraltar investments, manufacturing facilities, and our mortgage subsidiary.
Inventory impairment charges, net carrying value of investing, and write-downs of investments
We provided for inventory impairment charges and the expensing of costs that we 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 our reportable and 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,
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Inventory:
 
 
 
 
 
 
 
 
 
 
 
Land controlled for future communities:
 
 
 
 
 
 
 
 
 
 
 
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
North
$
12,949

 
$
16,267

 
$
298

 
$
832

 
$
51

 
$
33

Mid-Atlantic
31,308

 
29,423

 
1,065

 
33

 
739

 
16

South
12,895

 
14,606

 
704

 
362

 
365

 
1

West
7,608

 
13,371

 
131

 
(390
)
 
37

 
89

Traditional Home Building
64,760

 
73,667

 
2,198

 
837

 
1,192

 
139

City Living
52,993

 
26,135

 


 


 


 


 
117,753

 
99,802

 
2,198

 
837

 
1,192

 
139

 
 
 
 
 
 
 
 
 
 
 
 
Land owned for future communities:
 
 
 
 
 
 
 
 
 
 
 
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
North
166,560

 
135,282

 


 


 

 

Mid-Atlantic
227,605

 
308,585

 


 


 

 

South
304,124

 
158,457

 


 


 


 

West
1,347,521

 
448,125

 


 


 

 

Traditional Home Building
2,045,810

 
1,050,449

 

 

 

 

City Living
276,722

 
237,181

 

 

 

 

 
2,322,532

 
1,287,630

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
Operating communities:
 
 
 
 
 
 
 
 
 
 
 
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
North
841,973

 
785,175

 
2,900

 
940

 


 
100

Mid-Atlantic
977,246

 
866,256

 
4,800

 


 
4,800

 

South
736,266

 
690,302

 


 


 


 

West
1,323,941

 
697,573

 


 
200

 

 


Traditional Home Building
3,879,426

 
3,039,306

 
7,700

 
1,140

 
4,800

 
100

City Living
274,093

 
223,674

 

 

 

 

 
4,153,519

 
3,262,980

 
7,700

 
1,140

 
4,800

 
100

Total
$
6,593,804

 
$
4,650,412

 
$
9,898

 
$
1,977

 
$
5,992

 
$
239

 
 
 
 
 
 
 
 
 
 
 
 
Investments in and advances to unconsolidated entities:
 
 
 
 
 
 
 
 
 
 
 
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
Mid-Atlantic
$
11,850

 
$
11,850

 


 


 

 

South
98,496

 
50,452

 


 


 

 

West
79,142

 
110,467

 


 
$
(1,621
)
 


 


Traditional Home Building
189,488

 
172,769

 

 
(1,621
)
 

 

City Living
155,239

 
135,950

 


 


 


 


Corporate and other
98,558

 
94,414

 


 


 

 

Total
$
443,285

 
$
403,133

 
$

 
$
(1,621
)
 
$

 
$