Inventory (Tables)

6 Months Ended

Apr. 30, 2023

Inventory at April 30, 2023 and October 31, 2022 consisted of the following (amounts in thousands):


	April 30, 2023		October 31, 2022
Land controlled for future communities	$	170,613	$	240,751
Land owned for future communities	876,561		808,851
Operating communities	8,060,704		7,683,724
	$	9,107,878	$	8,733,326

Inventory impairment charges and expensing of costs that it is believed not to be recoverable

The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, for the periods indicated, which are included in home sales cost of revenues, are shown in the table below (amounts in thousands):


	Three months ended April 30,				Six months ended April 30,
	2023		2022		2023		2022
Land controlled for future communities	$	5,844	$	2,192	$	8,448	$	2,985
Land owned for future communities	325		—		325		1,440
Operating communities	4,900		—		10,300		—
	$	11,069	$	2,192	$	19,073	$	4,425

Interest incurred, capitalized and expensed

Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands):


	Three months ended April 30,				Six months ended April 30,
	2023		2022		2023		2022
Interest capitalized, beginning of period	$	215,197	$	247,942	$	209,468	$	253,938
Interest incurred	37,862		31,888		74,716		62,893
Interest expensed to home sales cost of revenues	(37,558)		(40,822)		(62,638)		(73,259)
Interest expensed to land sales and other cost of revenues	(1,350)		(219)		(4,827)		(3,628)


Interest capitalized on investments in unconsolidated entities	(2,668)		(1,516)		(5,161)		(2,806)
Previously capitalized interest transferred to investments in unconsolidated entities	—		—		(244)		—
Previously capitalized interest on investments in unconsolidated entities transferred to inventory	277		60		446		195
Interest capitalized, end of period	$	211,760	$	237,333	$	211,760	$	237,333