Information on Segments (Tables)

6 Months Ended

Apr. 30, 2022

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

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


	Three months ended April 30,				Six months ended April 30,
	2022		2021		2022		2021
Revenues:
Traditional Home Building:
North	$	380,905	$	390,665	$	696,267	$	703,304
Mid-Atlantic	268,250		218,291		511,127		382,275
South	326,351		280,176		569,870		497,060
Mountain	653,558		431,850		1,115,858		809,827
Pacific	541,495		458,605		926,444		789,763
Traditional Home Building	2,170,559		1,779,587		3,819,566		3,182,229
City Living	18,002		57,985		57,774		65,778
Corporate and other	(2,032)		(1,312)		(3,459)		(1,043)
Total home sales revenues	2,186,529		1,836,260		3,873,881		3,246,964
Land sales and other revenues	91,012		93,864		194,741		246,536
Total revenues	$	2,277,541	$	1,930,124	$	4,068,622	$	3,493,500

Income (loss) before income taxes:
Traditional Home Building:
North	$	50,729	$	39,220	$	82,269	$	58,102
Mid-Atlantic	43,807		23,967		77,231		42,780
South	42,979		38,268		65,511		59,751
Mountain	104,962		52,080		175,973		88,093
Pacific	117,020		74,167		181,554		121,721
Traditional Home Building	359,497		227,702		582,538		370,447
City Living (1)	(264)		12,480		12,453		45,172
Corporate and other	(63,418)		(70,356)		(98,360)		(118,388)
Total	$	295,815	$	169,826	$	496,631	$	297,231

(1) In the first quarter of fiscal 2021, we sold certain commercial assets associated with our Hoboken, New Jersey condominium projects for $82.4 million which is included in Land sales and other revenues above. City Living recognized net gains of $38.3 million from these sales.

“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 our apartment rental development business; 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, 2022		October 31, 2021
Traditional Home Building:
North	$	1,439,036	$	1,357,168
Mid-Atlantic	1,065,594		976,887
South	1,867,816		1,421,612
Mountain	2,748,850		2,397,484
Pacific	2,331,142		2,174,997
Traditional Home Building	9,452,438		8,328,148
City Living	316,998		332,972
Corporate and other	1,775,175		2,876,730
Total	$	11,544,611	$	11,537,850

“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.

Schedule of inventory impairments by segment

The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable for each of our segments, for the periods indicated, were as follows (amounts in thousands):


	Three months ended April 30,				Six months ended April 30,
	2022		2021		2022		2021
Traditional Home Building:
North	$	443	$	31	$	769	$	65
Mid-Atlantic	706		59		1,145		90
South	466		419		609		444
Mountain	342		11		444		20
Pacific	235		1,061		258		1,128
Traditional Home Building	2,192		1,581		3,225		1,747
City Living	—		—		1,200		1,100

Total	$	2,192	$	1,581	$	4,425	$	2,847