Geographic Segments (Tables)

9 Months Ended

Jul. 31, 2011

Geographic Segments (Tables) [Abstract]

Revenue and (loss) income before income taxes

Revenue and (loss) income before income taxes for each of the Company’s geographic segments for the nine-month and three-month periods ended July 31, 2011 and 2010 were as follows (amounts in millions):

	Nine months ended July 31,						Three months ended July 31,
	2011			2010			2011			2010
Revenue:
North	$	273.6		$	305.7		$	106.4		$	131.2
Mid-Atlantic		351.1			360.5			147.7			156.5
South		197.3			189.0			69.0			70.0
West		226.1			237.0			71.2			96.5
Total	$	1,048.1		$	1,092.2		$	394.3		$	454.2
(Loss) income before income taxes:
North	$	28.7		$	0.5		$	14.3		$	4.7
Mid-Atlantic		33.7			20.7			18.6			18.1
South		(27.1	)		(31.7	)		(13.5	)		(4.1	)
West		(22.5	)		(21.1	)		4.6			5.7
Corporate and other		(57.4	)		(76.1	)		(20.1	)		(23.6	)
Total	$	(44.6	)	$	(107.7	)	$	3.9		$	0.8

Total assets

Total assets for each of the Company’s geographic segments at July 31, 2011 and October 31, 2010 are shown in the table below (amounts in millions).

	July 31,		October 31,
	2011		2010
North	$	1,051.1	$	961.3
Mid-Atlantic		1,219.3		1,161.5
South		757.6		693.8
West		671.6		712.4
Corporate and other		1,377.0		1,642.6
Total	$	5,076.6	$	5,171.6

Inventory impairment charges, net carrying value of investing, and write-downs of investments

The Company provided for inventory impairment charges and the expensing of costs that it believed not to be recoverable and write-downs of investments in unconsolidated entities that it believes to be other than temporarily impaired for the nine-month and three-month periods ended July 31, 2011 and 2010 as shown in the table below; the carrying value of inventory and investments in and advances to unconsolidated entities and non-performing loan portfolio for each of the Company’s geographic segments at July 31, 2011 and October 31, 2010 are also shown (amounts in millions).

	Net Carrying Value				Impairment Charges Recognized
					Nine months ended					Three months ended
	July 31,		October 31,		July 31,					July 31,
	2011		2010		2011		2010			2011		2010
Inventory:
Land controlled for future communities:
North	$	13.7	$	3.6	$	0.8	$	1.9		$	0.4	$	0.2
Mid-Atlantic		17.5		14.8		0.3		(0.1	)		0.1		(0.3	)
South		9.2		11.0		0.3		(0.3	)		0.1		(0.1	)
West		3.2		2.5		1.1		0.7					0.3
		43.6		31.9		2.5		2.2			0.6		0.1
Land owned for future communities:
North		256.4		208.5				5.3
Mid-Atlantic		457.4		452.9				9.0
South		147.5		119.8		16.0		13.9			16.0		5.8
West		169.8		142.8				13.4
		1,031.1		924.0		16.0		41.6			16.0		5.8
Operating communities:
North		711.3		685.3		2.8		8.3			0.1		3.5
Mid-Atlantic		671.0		662.4		3.7		2.1					0.5
South		493.6		443.3		3.8		17.4					0.1
West		473.0		494.8		6.1		16.6			0.1		2.5
		2,348.9		2,285.8		16.4		44.4			0.2		6.6
Total inventory	$	3,423.6	$	3,241.7	$	34.9	$	88.2		$	16.8	$	12.5
Investments in unconsolidated entities and non-performing loan portfolio:
North	$	40.5	$	47.6
South		39.8		51.7	$	10.0
West		17.0		58.5		29.6
Corporate		89.6		40.6
Total	$	186.9	$	198.4	$	39.6		—			—		—