XML 26 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisition
12 Months Ended
Oct. 31, 2018
Business Combinations [Abstract]  
Acquisition
Acquisition
In November 2016, we acquired all of the assets and operations of Coleman Real Estate Holdings, LLC (“Coleman”) for approximately $83.1 million in cash. The assets acquired were primarily inventory, including approximately 1,750 home sites owned or controlled through land purchase agreements. As part of the acquisition, we assumed contracts to deliver 128 homes with an aggregate value of $38.8 million. The average price of the undelivered homes at the date of acquisition was approximately $303,000. As a result of this acquisition, our selling community count increased by 15 communities at the acquisition date.