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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Cash flow used in operating activities:    
Net income $ 73,180 $ 81,325
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 5,533 5,809
Stock-based compensation 9,223 7,446
Excess tax benefits from stock-based compensation (297) (1,866)
Income Loss from Unconsolidated Entities (8,638) (4,901)
Distributions of earnings from unconsolidated entities 3,870 4,393
Income from distressed loans and foreclosed real estate (1,553) (2,345)
Deferred tax provision 587 (1,433)
Deferred tax valuation allowances 148 (207)
Inventory impairments and write-offs 1,281 1,144
Other 658 555
Changes in operating assets and liabilities    
Increase in inventory (173,440) (114,416)
Origination of mortgage loans (215,674) (167,063)
Sale of mortgage loans 265,703 212,356
(Increase) decrease in restricted cash (12,555) 880
(Increase) decrease in receivables, prepaid expenses and other assets (9,546) (255)
Increase in customer deposits 14,776 14,039
(Decrease) increase in accounts payable and accrued expenses 17,523 (10,147)
Increase (decrease) in income taxes payable 5,996 (58,362)
Net Cash Used in Operating Activities, Continuing Operations (23,225) (33,048)
Cash flow (used in) provided by investing activities:    
Purchase of property and equipment - net (1,593) (2,884)
Sale and redemption of marketable securities 10,000 2,000
Investment in and advances to unconsolidated entities (11,838) (18,684)
Return of investments in unconsolidated entities 14,804 6,340
Investment in distressed loans and foreclosed real estate (694) (1,468)
Return of investments in distressed loans and foreclosed real estate 5,321 6,592
Net Cash Used in Investing Activities, Continuing Operations 16,000 $ (8,104)
Cash flow (used in) provided by financing activities:    
Debt issuance costs for senior notes (64)
Proceeds from loans payable 339,854 $ 214,624
Principal payments of loans payable (770,539) (272,334)
Proceeds from stock-based benefit plans 4,769 17,773
Excess Tax Benefit from Share-based Compensation, Financing Activities 297 1,866
Purchase of treasury stock (150,135) (6,242)
(Payments) receipts related to noncontrolling interest, net 294 50
Net Cash (Used in) Provided by Financing Activities, Continuing Operations (575,524) (44,263)
Net decrease in cash and cash equivalents (582,749) (85,415)
Cash and cash equivalents, beginning of period 918,993 586,315
Cash and cash equivalents, end of period $ 336,244 $ 500,900