v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Cash flows from operating activities:    
Net income $ 20,264 $ 47,917
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 6,813 5,321
Stock-based compensation 3,401 7,881
Amortization of debt discounts, premiums and deferred financing costs 4,750 (1,384)
Gain on sale of property and assets (3,732) (952)
Gain on consolidation of joint venture (26,830) 0
Gain on assets contributed to joint venture 0 (22,683)
Income from unconsolidated joint ventures (2,334) (18,248)
Distributions of earnings from unconsolidated joint ventures 0 2,160
Gain on extinguishment of debt 0 (399)
Inventory impairments and land option write-offs 11,109 4,096
Decrease (increase) in assets:    
Inventories 96,296 (80,574)
Receivables, deposits and notes (27,021) 3,475
Origination of mortgage loans (738,270) (778,632)
Sale of mortgage loans 727,576 809,548
Deferred tax assets 7,451 16,521
(Decrease) increase in liabilities:    
Accounts payable, accrued interest and other liabilities (30,500) (31,646)
Customers’ deposits 24,816 4,023
Net cash provided by (used in) operating activities 73,789 (33,576)
Cash flows from investing activities:    
Proceeds from sale of property and assets 4,192 1,522
Purchase of property, equipment, and other fixed assets (12,122) (10,004)
Investment in and advances to unconsolidated joint ventures, net of reimbursements (54,858) (28,889)
Distributions of capital from unconsolidated joint ventures 0 4,425
Acquisitions of business, net of cash acquired 31,517 0
Net cash used in investing activities (31,271) (32,946)
Cash flows from financing activities:    
Proceeds from mortgages and notes 48,799 105,552
Payments related to mortgages and notes (50,843) (119,069)
Proceeds from model sale leaseback financing programs 11,933 25,914
Payments related to model sale leaseback financing programs (15,080) (7,105)
Proceeds from land bank financing programs 66,306 55,215
Payments related to land bank financing programs (55,225) (40,671)
Net proceeds (payments) related to mortgage warehouse lines of credit 7,232 (36,830)
Payments related to senior notes, senior secured notes and senior unsecured term loan 0 (26,588)
Contributions from noncontrolling interest 1,120 0
Preferred dividends paid (5,338) (5,338)
Treasury stock purchases (18,545) (30,396)
Deferred financing costs from land banking financing programs and note issuances (1,137) (1,705)
Net cash used in financing activities (10,778) (81,021)
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents 31,740 (147,543)
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period 318,647 266,761
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 350,387 119,218
Supplemental disclosures of cash flows:    
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 350,387 119,218
Home Building [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 310,925 73,980
Restricted cash and cash equivalents 9,935 9,031
Financial Services [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 5,065 4,705
Restricted cash and cash equivalents $ 24,462 $ 31,502