Information on Segments (Tables)

6 Months Ended

Apr. 30, 2019

Segment Reporting [Abstract]

Revenue and income (loss) before income taxes and total assets

Revenue and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands):

	Six months ended April 30,						Three months ended April 30,
	2019			2018			2019			2018
Revenues:
Traditional Home Building:
North	$	391,397		$	360,494		$	221,896		$	226,214
Mid-Atlantic	461,388			461,865			255,692			254,907
South	492,499			412,206			284,352			240,714
West	665,314			607,421			364,884			349,388
California	870,559			725,446			500,541			438,342
Traditional Home Building	2,881,157			2,567,432			1,627,365			1,509,565
City Living	152,668			207,235			84,074			89,634
Corporate and other	(2,460		)	—			618			—
Total home sales revenue	3,031,365			2,774,667			1,712,057			1,599,199
Land sales revenue	47,910			—			4,037			—
Total revenue	$	3,079,275		$	2,774,667		$	1,716,094		$	1,599,199
Income (loss) before income taxes:
Traditional Home Building:
North	$	17,962		$	2,036		$	7,226		$	1,657
Mid-Atlantic	18,952			34,344			7,580			20,444
South	47,363			39,278			31,595			27,130
West	87,422			78,653			43,808			48,049
California	180,173			146,518			106,552			85,661
Traditional Home Building	351,872			300,829			196,761			182,941
City Living	40,476			46,649			25,834			16,685
Corporate and other	(64,743		)	(63,132		)	(46,436		)	(46,878		)
Total	$	327,605		$	284,346		$	176,159		$	152,748

“Corporate and other” is comprised principally of general corporate expenses such as our executive offices; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including Gibraltar; and income from our Rental Property Joint Ventures and Gibraltar Joint Ventures.

Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands):

	April 30, 2019		October 31, 2018
Traditional Home Building:
North	$	968,396	$	970,854
Mid-Atlantic	1,202,321		1,130,417
South	1,289,163		1,237,744
West	1,782,581		1,580,199
California	2,697,809		2,733,956
Traditional Home Building	7,940,270		7,653,170
City Living	502,406		516,238
Corporate and other	1,834,053		2,075,182
Total	$	10,276,729	$	10,244,590

“Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, deferred tax assets, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, our Gibraltar investments and operations, manufacturing facilities, and our mortgage and title subsidiaries.