v3.26.1
Note 17 - Operating and Reporting Segments (Tables)
 6 Months Ended
Apr. 30, 2026
Operating and Reporting Segments  
Schedule of financial information relating to our reportable segments

 

Three Months Ended April 30, 2026

(In thousands)

 

  Northeast   

 

 

  Southeast   

 

 

  West   

 

 

Financial Services 

 

 

Total

Homebuilding revenues  

$

216,714

 

$

73,193

 

$

314,281

 

$

-

 

$

604,188

Financial services revenues  

 

-

 

 

-

 

 

-

 

 

23,398

 

 

23,398

All other revenues (1)

 

35,369

 

 

33

 

 

2,411

 

 

-

 

 

37,813

Total revenues  

 

252,083

 

 

73,226

 

 

316,692

 

 

23,398

 

 

665,399

Cost of sales (2)

 

191,756

 

 

67,787

 

 

295,955

 

 

-

 

 

555,498

Selling, general and administrative  

 

16,294

 

 

9,560

 

 

22,142

 

 

-

 

 

47,996

Financial services expenses  

 

-

 

 

-

 

 

-

 

 

13,361

 

 

13,361

Other segment items (3)

 

3,023

 

 

933

 

 

9,918

 

 

-

 

 

13,874

Total segment profit (loss)

$

41,010

 

$

(5,054)

 

$

(11,323)

 

$

10,037

 

$

34,670

Corporate and unallocated (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

34,331

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

$

339

 

 

Three Months Ended April 30, 2025

(In thousands)

 

  Northeast   

 

 

  Southeast   

 

 

  West   

 

 

Financial Services

 

 

Total

Homebuilding revenues  

$

256,415

 

$

74,602

 

$

319,297

 

$

-

 

$

650,314

Financial services revenues  

 

-

 

 

-

 

 

-

 

 

21,318

 

 

21,318

All other revenues (1)

 

866

 

 

74

 

 

13,088

 

 

-

 

 

14,028

Total revenues  

 

257,281

 

 

74,676

 

 

332,385

 

 

21,318

 

 

685,660

Cost of sales (2)

 

206,937

 

 

66,899

 

 

290,435

 

 

-

 

 

564,271

Selling, general and administrative  

 

15,586

 

 

8,616

 

 

23,543

 

 

-

 

 

47,745

Financial services expenses  

 

-

 

 

-

 

 

-

 

 

12,891

 

 

12,891

Other segment items (3)

 

(2,761)

 

 

(1,999)

 

 

5,097

 

 

-

 

 

337

Total segment profit

$

37,519

 

$

1,160

 

$

13,310

 

$

8,427

 

$

60,416

Corporate and unallocated (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

33,886

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

$

26,530

 

 

Six Months Ended April 30, 2026

(In thousands)

 

  Northeast   

 

 

  Southeast   

 

 

  West   

 

 

Financial Services

 

 

Total

Homebuilding revenues  

$

456,516

 

$

147,424

 

$

576,007

 

$

-

 

$

1,179,947

Financial services revenues  

 

-

 

 

-

 

 

-

 

 

42,406

 

 

42,406

All other revenues (1)

 

70,164

 

 

94

 

 

2,742

 

 

-

 

 

73,000

Total revenues  

 

526,680

 

 

147,518

 

 

578,749

 

 

42,406

 

 

1,295,353

Cost of sales (2)

 

406,711

 

 

136,203

 

 

540,397

 

 

-

 

 

1,083,311

Selling, general and administrative  

 

33,543

 

 

18,114

 

 

42,108

 

 

-

 

 

93,765

Financial services expenses  

 

-

 

 

-

 

 

-

 

 

26,596

 

 

26,596

Other segment items (3)

 

(12,347)

 

 

1,797

 

 

18,962

 

 

-

 

 

8,412

Total segment profit (loss)

$

98,773

 

$

(8,596)

 

$

(22,718)

 

$

15,810

 

$

83,269

Corporate and unallocated (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

54,228

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

$

29,041

 

 

Six Months Ended April 30, 2025

(In thousands)

 

  Northeast   

 

 

  Southeast   

 

 

  West   

 

 

 Financial Services

 

 

Total

Homebuilding revenues  

$

538,063

 

$

126,039

 

$

633,126

 

$

-

 

$

1,297,228

Financial services revenues  

 

-

 

 

-

 

 

-

 

 

38,260

 

 

38,260

All other revenues (1)

 

2,966

 

 

239

 

 

19,213

 

 

-

 

 

22,418

Total revenues  

 

541,029

 

 

126,278

 

 

652,339

 

 

38,260

 

 

1,357,906

Cost of sales (2)

 

433,853

 

 

113,057

 

 

571,450

 

 

-

 

 

1,118,360

Selling, general and administrative  

 

32,202

 

 

17,132

 

 

48,281

 

 

-

 

 

97,615

Financial services expenses  

 

-

 

 

-

 

 

-

 

 

26,328

 

 

26,328

Other segment items (3)

 

(4,819)

 

 

(4,517)

 

 

10,195

 

 

-

 

 

859

Total segment profit

$

79,793

 

$

606

 

$

22,413

 

$

11,932

 

$

114,744

Corporate and unallocated (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

48,351

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

$

66,393

  

(1)

Consists primarily of land sales revenue, interest income, and income from forfeited customer deposits due to contract cancellations.

(2)

Consists primarily of homebuilding and land sale costs, amortization of capitalized interest, inventory impairments and land option write-offs.

(3)

Consists primarily of other interest expensed, and income (loss) from unconsolidated joint ventures.

(4)

Consists primarily of corporate costs and shared services functions that are not allocated to the homebuilding or financial services reportable segments. In addition, includes the results of operations attributable to the KSA operating segment, which does not meet the quantitative thresholds for separate presentation as a reportable segment.

 

(In thousands)

April 30, 2026

 

October 31, 2025

Assets:

 

 

 

 

 

Northeast

$

646,743

 

$

672,021

Southeast

 

346,370

 

 

358,383

West

 

823,983

 

 

829,683

Total homebuilding

 

1,817,096

 

 

1,860,087

Financial services

 

158,486

 

 

151,211

Total assets

$

1,975,582

 

$

2,011,298