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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Cash flow used in operating activities:    
Net income $ 195,054 $ 162,234
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 12,123 11,029
Stock-based compensation 15,585 15,081
Excess tax benefits from stock-based compensation (708) (665)
Income (Loss) from unconsolidated entities (92,349) (17,756)
Distributions of earnings from unconsolidated entities 108,864 10,230
Income from distressed loans and foreclosed real estate (4,018) (1,415)
Deferred tax provision (benefit) 3,816 722
Deferred tax valuation allowances 262 302
Inventory impairments and write-offs 8,917 7,634
Other 2,501 79
Changes in operating assets and liabilities    
Increase in inventory (190,125) (289,735)
Origination of mortgage loans (513,836) (490,279)
Sale of mortgage loans 671,899 488,890
(Increase) decrease in restricted cash and investments 30,494 (12,102)
(Increase) decrease in receivables, prepaid expenses and other assets 56,034 11,421
Increase in customer deposits 57,405 32,416
(Decrease) increase in accounts payable and accrued expenses (128,634) 32,845
Increase (decrease) in income taxes payable 27,117 23,189
Net Cash Used in Operating Activities, Continuing Operations 260,401 (15,880)
Cash flow provided by investing activities:    
Purchase of property and equipment - net (11,709) (7,324)
Sale and redemption of marketable securities 10,000
Investment in and advances to unconsolidated entities (113,515) (21,383)
Return of investments in unconsolidated entities 98,087 28,478
Investment in distressed loans and foreclosed real estate (513) (866)
Return of investments in distressed loans and foreclosed real estate 4,376 33,435
Acquisition of a business, net of cash acquired (85,183)
Net Cash Provided By Investing Activities, Continuing Operations (108,457) 42,340
Cash flow (used in) provided by financing activities:    
Proceeds from issuance of senior notes 300,000
Debt issuance costs for senior notes (2,830) (43)
Proceeds from loans payable 769,454 821,984
Principal payments of loans payable (1,173,880) (1,119,911)
Proceeds from stock-based benefit plans 40,628 5,003
Excess Tax Benefit from Share-based Compensation, Financing Activities 708 665
Purchase of treasury stock (15,422) (230,263)
Dividends paid (13,051)
(Payments) receipts related to noncontrolling interest, net 290
Net Cash Used in Financing Activities, Continuing Operations (94,393) (522,275)
Net increase (decrease) in cash and cash equivalents 57,551 (495,815)
Cash and cash equivalents, beginning of period 633,715 918,993
Cash and cash equivalents, end of period $ 691,266 $ 423,178