Inventory (Tables)

12 Months Ended

Oct. 31, 2016

Inventory at October 31, 2016 and 2015 consisted of the following (amounts in thousands):



	2016		2015
Land controlled for future communities	$	71,729	$	75,214
Land owned for future communities	1,884,146		2,033,447
Operating communities	5,398,092		4,888,855
	$	7,353,967	$	6,997,516

Temporarily Closed communities

Information regarding the classification, number, and carrying value of these temporarily closed communities at October 31, 2016, 2015, and 2014, is provided in the table below ($ amounts in thousands):



	2016		2015		2014
Land owned for future communities:
Number of communities	18		15		16
Carrying value (in thousands)	$	123,936	$	119,138	$	122,015
Operating communities:
Number of communities	3		11		9
Carrying value (in thousands)	$	8,523	$	63,668	$	42,092

Inventory impairment charges and expensing of costs that it is believed not to be recoverable

We provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable in each of the three fiscal years ended October 31, 2016, 2015, and 2014, as shown in the table below (amounts in thousands):



Charge:	2016		2015		2014
Land controlled for future communities	$	3,142	$	809	$	3,123
Land owned for future communities	2,300		12,600
Operating communities	8,365		22,300		17,555
	$	13,807	$	35,709	$	20,678

Interest incurred, capitalized and expensed

Interest incurred, capitalized, and expensed in each of the three fiscal years ended October 31, 2016, 2015, and 2014, was as follows (amounts in thousands):



	2016			2015			2014
Interest capitalized, beginning of year	$	373,128		$	356,180		$	343,077
Interest incurred	164,001			155,170			163,815
Interest expensed to cost of revenues	(160,337		)	(142,947		)	(137,457		)
Write-off against other income	(1,143		)	(3,843		)	(5,394		)
Interest reclassified to property, construction, and office equipment	(1,111		)
Interest capitalized on investments in unconsolidated entities	(5,818		)	(7,467		)	(9,672		)
Previously capitalized interest on investments in unconsolidated entities transferred to inventory	699			16,035			1,811
Interest capitalized, end of year	$	369,419		$	373,128		$	356,180