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Summary Consolidated Quarterly Financial Data (Unaudited) Summary Consolidated Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Oct. 31, 2020
Summary Consolidated Quarterly Financial Data (Unaudited) [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
The table below provides summary income statement data for each quarter of fiscal 2020 and 2019 (amounts in thousands, except per share data):
 Three Months Ended
 October 31July 31April 30January 31
Fiscal 2020:    
Revenue:
Home sales$2,495,974 $1,627,812 $1,516,234 $1,297,337 
Land sales and other$49,693 $23,677 $32,838 $34,094 
Gross profit:
Home sales (a)$502,079 $341,704 $295,256 $264,215 
Land sales and other$4,798 $1,418 $6,420 $1,812 
Income before income taxes$266,991 $151,865 $102,113 $65,932 
Net income$199,317 $114,761 $75,670 $56,876 
Earnings per share (b)    
Basic$1.57 $0.91 $0.59 $0.41 
Diluted$1.55 $0.90 $0.59 $0.41 
Weighted-average number of shares    
Basic127,310 126,722 128,205 138,145 
Diluted128,892 127,399 128,809 139,889 
Fiscal 2019:    
Revenue:
Home sales$2,292,044 $1,756,970 $1,712,057 $1,319,308 
Land sales and other$86,956 $8,721 $4,037 $43,873 
Gross profit
Home sales (a)$478,262 $391,653 $373,183 $303,064 
Land sales and other$658 $2,489 $1,116 $9,620 
Income before income taxes$272,649 $186,916 $176,159 $151,446 
Net income$202,315 $146,318 $129,324 $112,050 
Earnings per share (b)    
Basic$1.43 $1.01 $0.88 $0.76 
Diluted$1.41 $1.00 $0.87 $0.76 
Weighted-average number of shares    
Basic141,909 144,750 146,622 146,751 
Diluted143,567 146,275 148,129 148,032 
(a)Effective October 31, 2020, we reclassified sales commissions paid to third-party brokers from home sales cost of revenues to selling, general and administrative expense. Prior periods have been reclassified to conform to the 2020 presentation.
(b)Due to rounding, the sum of the quarterly earnings per share amounts may not equal the reported earnings per share for the year.