v3.26.1
Note 20 - Fair Value of Financial Instruments (Tables)
 6 Months Ended
Apr. 30, 2026
Fair Value of Financial Instruments  
Schedule of financial instruments measured at fair value on a recurring basis

 

 

 

 

 

Fair Value at

 

 

Fair Value at

 

 

Fair Value

 

 

April 30,

 

 

October 31,

(In thousands)

 

Hierarchy

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

Mortgage loans held for sale (1)

 

Level 2

 

$

122,324

 

$

111,631

 

(1) The aggregate unpaid principal balance was $123.9 million and $112.1 million at April 30, 2026 and October 31, 2025, respectively.
Schedule of change in fair value included in financial services revenue

 

Three Months Ended April 30, 2026

 

Mortgage Loans Held For Sale

 

Interest Rate Lock Commitments

 

Forward Contracts

 

 

 

 

 

 

 

 

 

Change in fair value included in financial services revenue

$

(1,123)

 

$

-

 

$

-

 

 

Three Months Ended April 30, 2025

 

 

Mortgage Loans Held For Sale

 

 

Interest Rate Lock Commitments

 

 

Forward Contracts

 

 

 

 

 

 

 

 

 

Change in fair value included in financial services revenue

$

(175)

 

$

-

 

$

-

 

 

 

 

Six Months Ended April 30, 2026

 

 

Mortgage Loans Held For Sale

 

 

Interest Rate Lock Commitments

 

 

Forward Contracts

 

 

 

 

 

 

 

 

 

Change in fair value included in financial services revenue

$

(1,851)

 

$

-

 

$

-

 

 

 

Six Months Ended April 30, 2025

 

 

Mortgage Loans Held For Sale

 

 

Interest Rate Lock Commitments

 

 

Forward Contracts

 

 

 

 

 

 

 

 

 

Change in fair value included in financial services revenue

$

(910)

 

$

-

 

$

-
Schedule of assets measured at fair value on a nonrecurring basis

 

 

Three Months Ended April 30, 2026

(In thousands)

 

Fair Value Hierarchy

 

 

Pre-Impairment Amount

 

 

Total Losses

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

Land and land options held for future development or sale

 

Level 3

 

$

21,736

 

$

(5,334)

 

$

16,402

 

 

 

Three Months Ended April 30, 2025

(In thousands)

 

Fair Value Hierarchy

 

 

Pre-Impairment Amount

 

 

Total Losses

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

Land and land options held for future development or sale

 

Level 3

 

$

5,397

 

$

(1,216)

 

$

4,181

 

 

 

Six Months Ended April 30, 2026

(In thousands)

 

Fair Value Hierarchy

 

 

Pre-Impairment Amount

 

 

Total Losses

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

Land and land options held for future development or sale

 

Level 3

 

$

21,736

 

$

(5,334)

 

$

16,402

 

 

 

Six Months Ended April 30, 2025

(In thousands)

 

Fair Value Hierarchy

 

 

Pre-Impairment Amount

 

 

Total Losses

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

Land and land options held for future development or sale

 

Level 3

 

$

5,397

 

$

(1,216)

 

$

4,181
Schedule of fair value of each series of Notes and Credit Facilities

Fair Value as of April 30, 2026

(In thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

Senior Notes:

 

 

 

 

 

 

 

 

 

 

 

8.0% Senior Notes due April 1, 2031

 

-

 

 

453,785

 

 

-

 

 

453,785

8.375% Senior Notes due October 1, 2033

 

-

 

 

452,826

 

 

-

 

 

452,826

5.0% Senior Notes due February 1, 2040

 

-

 

 

16,235

 

 

-

 

 

16,235

Total fair value

$

-

 

$

922,846

 

$

-

 

$

922,846

 

 

 

Fair Value as of October 31, 2025

(In thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

Senior Notes:

 

 

 

 

 

 

 

 

 

 

 

8.0% Senior Notes due April 1, 2031

 

-

 

 

459,972

 

 

-

 

 

459,972

8.375% Senior Notes due October 1, 2033

 

-

 

 

461,192

 

 

-

 

 

461,192

5.0% Senior Notes due February 1, 2040

 

-

 

 

16,492

 

 

-

 

 

16,492

Total fair value

$

-

 

$

937,656

 

$

-

 

$

937,656