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Inventory (Tables)
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3 Months Ended |
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Jan. 31, 2014
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| Inventory Disclosure [Abstract] |
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| Inventory |
Inventory at January 31, 2014 and October 31, 2013 consisted of the following (amounts in thousands): | | | | | | | | | | January 31, 2014 | | October 31, 2013 | Land controlled for future communities | $ | 254,549 |
| | $ | 99,802 |
| Land owned for future communities | 1,491,205 |
| | 1,287,630 |
| Operating communities | 3,489,893 |
| | 3,262,980 |
| | $ | 5,235,647 |
| | $ | 4,650,412 |
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| Temporarily Closed communities |
Information regarding the classification, number and carrying value of these temporarily closed communities, as of the date indicated, is provided in the table below. | | | | | | | | | | January 31, 2014 | | October 31, 2013 | Land owned for future communities: | | | | Number of communities | 22 |
| | 25 |
| Carrying value (in thousands) | $ | 141,356 |
| | $ | 153,498 |
| Operating communities: | | | | Number of communities | 15 |
| | 15 |
| Carrying value (in thousands) | $ | 91,984 |
| | $ | 88,534 |
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| Inventory impairment charges and expensing of costs that it is believed not to be recoverable |
The amounts the Company provided for inventory impairment charges and the expensing of costs that it believed not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands). | | | | | | | | | | Three months ended January 31, | | 2014 | | 2013 | Land controlled for future communities | $ | 682 |
| | $ | 9 |
| Operating communities | 1,300 |
| | 700 |
| | $ | 1,982 |
| | $ | 709 |
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| Interest incurred, capitalized and expensed |
Interest incurred, capitalized and expensed, for the periods indicated, was as follows (amounts in thousands): | | | | | | | | | | Three months ended January 31, | | 2014 | | 2013 | Interest capitalized, beginning of period | $ | 343,077 |
| | $ | 330,581 |
| Interest incurred | 39,944 |
| | 31,748 |
| Interest expensed to cost of revenues | (25,440 | ) | | (19,974 | ) | Write-off against other income | (317 | ) | | (88 | ) | Interest capitalized on investments in unconsolidated entities | (2,457 | ) | | (1,363 | ) | Previously capitalized interest on investments in unconsolidated entities transferred to inventory | 1,811 |
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| Interest capitalized, end of period | $ | 356,618 |
| | $ | 340,904 |
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