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Inventory (Tables)
9 Months Ended
Jul. 31, 2017
Inventory Disclosure [Abstract]  
Inventory
Inventory at July 31, 2017 and October 31, 2016 consisted of the following (amounts in thousands):
 
July 31,
2017
 
October 31,
2016
Land controlled for future communities
$
81,512

 
$
71,729

Land owned for future communities
1,153,712

 
1,884,146

Operating communities
6,398,344

 
5,398,092

 
$
7,633,568

 
$
7,353,967

Temporarily Closed communities
Information regarding the classification, number, and carrying value of these temporarily closed communities, as of the dates indicated, is provided in the table below:
 
July 31,
2017
 
October 31,
2016
Land owned for future communities:
 
 
 
Number of communities
17

 
18

Carrying value (in thousands)
$
136,704

 
$
123,936

Operating communities:
 
 
 
Number of communities
4

 
3

Carrying value (in thousands)
$
11,553

 
$
8,523

Inventory impairment charges and expensing of costs that it is believed not to be recoverable
The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands):
 
Nine months ended July 31,
 
Three months ended July 31,
 
2017
 
2016
 
2017
 
2016
Land controlled for future communities
$
1,479

 
$
3,103

 
$
697

 
$
2,469

Land owned for future communities
1,540

 
300

 
340

 

Operating communities
8,295

 
7,950

 
1,360

 
1,250

 
$
11,314

 
$
11,353

 
$
2,397

 
$
3,719

Interest incurred, capitalized and expensed
Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): 
 
Nine months ended July 31,
 
Three months ended July 31,
 
2017
 
2016
 
2017
 
2016
Interest capitalized, beginning of period
$
369,419

 
$
373,128

 
$
376,213

 
$
383,482

Interest incurred
130,887

 
122,079

 
45,577

 
41,667

Interest expensed to cost of revenues
(114,365
)
 
(107,176
)
 
(45,879
)
 
(39,431
)
Interest expensed in other income
(2,097
)
 
(606
)
 
(102
)
 
(297
)
Interest capitalized on investments in unconsolidated entities
(6,485
)
 
(3,947
)
 
(2,271
)
 
(1,704
)
Previously capitalized interest transferred to investments in unconsolidated entities
(4,030
)
 


 

 

Previously capitalized interest on investments in unconsolidated entities transferred to inventory
979

 
687

 
770

 
448

Interest capitalized, end of period
$
374,308

 
$
384,165

 
$
374,308

 
$
384,165