Investments in and Advances to Unconsolidated Entities (Tables)

12 Months Ended

Oct. 31, 2011

Investments in and Advances to Unconsolidated Entities and Non Performing Loan Portfolio (Tables) [Abstract]

Condensed balance sheet aggregated by type of business

	October 31, 2011
			Home		Toll		Structured
	Develop-		Building		Brothers		Asset
	ment Joint		Joint		Realty Trust		Joint
	Ventures		Ventures		I and II		Venture		Total
Cash and cash equivalents	$	14,190	$	10,663	$	11,726	$	48,780	$	85,359
Inventory		37,340		170,239		5,501				213,080
Non-performing loan portfolio								295,044		295,044
Rental properties						178,339				178,339
Real estate owned						1,087		230,872		231,959
Other assets (1)		331,315		20,080		9,675		159,143		520,213
Total assets	$	382,845	$	200,982	$	206,328	$	733,839	$	1,523,994
Debt (1)	$	327,856	$	50,515	$	198,927	$	310,847	$	888,145
Other liabilities		5,352		9,745		3,427		382		18,906
Members’ equity		49,637		140,722		3,974		172,944		367,277
Non-controlling interest								249,666		249,666
Total liabilities and equity	$	382,845	$	200,982	$	206,328	$	733,839	$	1,523,994
Company’s net investment in unconsolidated entities (2)	$	17,098	$	72,734	$	1,872	$	34,651	$	126,355

	October 31, 2010
			Home		Toll		Structured
	Develop-		Building		Brothers		Asset
	ment Joint		Joint		Realty Trust		Joint
	Ventures		Ventures		I and II		Venture		Total
Cash and cash equivalents	$	21,224	$	14,831	$	13,154	$	21,287	$	70,496
Inventory		486,394		343,463		5,340				835,197
Non-performing loan portfolio								498,256		498,256
Rental properties						185,658				185,658
Real estate owned						1,934		124,775		126,709
Other assets (1)		194,541		29,374		9,401		15,003		248,319
Total assets	$	702,159	$	387,668	$	215,487	$	659,321	$	1,964,635
Debt (1)	$	379,793	$	208,295	$	184,616	$	303,192	$	1,075,896
Other liabilities		60,385		11,207		3,952		265		75,809
Members’ equity		261,981		168,166		26,919		146,248		603,314
Non-controlling interest								209,616		209,616
Total liabilities and equity	$	702,159	$	387,668	$	215,487	$	659,321	$	1,964,635
Company’s net investment in unconsolidated entities (2)	$	58,551	$	99,259	$	11,382	$	29,250	$	198,442

(1)	Included in other assets at October 31, 2011 and 2010 of the Structured Asset Joint Venture is $152.6 million and $8.5 million, respectively, of restricted cash held in a defeasance account which will be used to repay debt of the Structured Asset Joint Venture.
(2)	Differences between the Company’s net investment in unconsolidated entities and its underlying equity in the net assets of the entities is primarily a result of impairments related to the Company’s investments in unconsolidated entities, a loan made to one of the entities by the Company, and distributions from entities in excess of the carrying amount of the Company’s net investment.

Condensed statements of operations aggregate by type of business

	For the year ended October 31, 2011
				Home		Toll		Structured
	Develop-			Building		Brothers		Asset
	ment Joint			Joint		Realty Trust		Joint
	Ventures			Ventures		I and II		Venture		Total
Revenues	$	4,624		$	242,326	$	37,728	$	46,187	$	330,865
Cost of revenues		3,996			191,922		15,365		30,477		241,760
Other expenses		1,527			8,954		18,808		10,624		39,913
Gain on disposition of loans and REO									61,406		61,406
Income (loss) from operations		(899	)		41,450		3,555		66,492.		110,598
Other income		9,498			1,605				252		11,355
Net income before noncontrolling interest		8,599			43,055		3,555		66,744.		121,953
Less: Net income attributable to noncontrolling interest									40,048		40,048
Net income	$	8,599		$	43,055	$	3,555	$	26,696	$	81,905
Company’s equity in (losses) earnings of unconsolidated entities (3)	$	(25,272	)	$	15,159	$	3,580	$	5,339	$	(1,194	)

	For the year ended October 31, 2010
				Home		Toll		Structured
	Develop-			Building		Brothers		Asset
	ment Joint			Joint		Realty Trust		Joint
	Ventures			Ventures		I and II		Venture			Total
Revenues	$	7,370		$	132,878	$	34,755	$	16,582		$	191,585
Cost of revenues		6,402			106,638		13,375		6,693			133,108
Other expenses		1,522			8,121		18,693		2,977			31,313
Loss on disposition of loans and REO									(5,272	)		(5,272	)
Income (loss) from operations		(554	)		18,119		2,687		1,640			21,892
Other income		13,616			572				5			14,193
Net income before noncontrolling interest		13,062			18,691		2,687		1,645			36,085
Less: Net income attributable to noncontrolling interest									987			987
Net income	$	13,062		$	18,691	$	2,687	$	658		$	35,098
Company’s equity in earnings of unconsolidated entities (3)	$	10,664		$	11,272	$	1,402	$	132		$	23,470

	For the year ended October 31, 2009
				Home			Toll		Structured
	Develop-			Building			Brothers		Asset
	ment Joint			Joint			Realty Trust		Joint
	Ventures			Ventures			I and II		Venture	Total
Revenues	$	144		$	48,719		$	34,955	$	$	83,818
Cost of revenues		141			76,525			13,943			90,609
Other expenses		1,025			8,482			17,994			27,501
Income (loss) from operations		(1,022	)		(36,288	)		3,018			(34,292	)
Other income (loss)		15,483			(1,879	)					13,604
Net (loss) income	$	14,461		$	(38,167	)	$	3,018	$	$	(20,688	)
Company’s equity in (losses) earnings of unconsolidated entities (3)	$	(5,120	)	$	(3,676	)	$	1,278	$	$	(7,518	)

(3) Differences between the Company’s equity in earnings (losses) of unconsolidated entities and the underlying net income of the entities is primarily a result of impairments related to the Company’s investment in unconsolidated entities, distributions from entities in excess of the carrying amount of the Company’s net investment, and the Company’s share of the entities profits related to home sites purchased by the Company which reduces the Company’s cost basis of the home sites.