v3.26.1
Note 17 - Operating and Reporting Segments (Tables)
 9 Months Ended
Jul. 31, 2026
Operating and Reporting Segments  
Schedule of financial information relating to our reportable segments

 

Three Months Ended July 31, 2026

(In thousands)

 

  Northeast   

 

 

  Southeast   

 

 

  West   

 

 

Financial Services 

 

 

Total

Homebuilding revenues  

$

232,278

 

$

93,093

 

$

353,671

 

$

-

 

$

679,042

Financial services revenues  

 

-

 

 

-

 

 

-

 

 

23,672

 

 

23,672

All other revenues (1)

 

281

 

 

252

 

 

304

 

 

-

 

 

837

Total revenues  

 

232,559

 

 

93,345

 

 

353,975

 

 

23,672

 

 

703,551

Cost of sales (2)

 

193,200

 

 

81,911

 

 

323,911

 

 

-

 

 

599,022

Selling, general and administrative  

 

15,095

 

 

9,247

 

 

22,681

 

 

-

 

 

47,023

Financial services expenses  

 

-

 

 

-

 

 

-

 

 

13,980

 

 

13,980

Other segment items (3)

 

(6,477)

 

 

1,974

 

 

12,687

 

 

-

 

 

8,184

Total segment profit (loss)

$

30,741

 

$

213

 

$

(5,304)

 

$

9,692

 

$

35,342

Corporate and unallocated (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

38,117

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

$

(2,775)

 

 

Three Months Ended July 31, 2025

(In thousands)

 

  Northeast   

 

 

  Southeast   

 

 

  West   

 

 

Financial Services

 

 

Total

Homebuilding revenues  

$

288,008

 

$

104,494

 

$

376,548

 

$

 

 

$

769,050

Financial services revenues  

 

-

 

 

-

 

 

-

 

 

28,566

 

 

28,566

All other revenues (1)

 

1,172

 

 

253

 

 

637

 

 

-

 

 

2,062

Total revenues  

 

289,180

 

 

104,747

 

 

377,185

 

 

28,566

 

 

799,678

Cost of sales (2)

 

236,238

 

 

90,167

 

 

351,444

 

 

 

 

 

677,849

Selling, general and administrative  

 

16,030

 

 

8,864

 

 

24,572

 

 

 

 

 

49,466

Financial services expenses  

 

-

 

 

-

 

 

-

 

 

14,715

 

 

14,715

Other segment items (3)

 

(10,410)

 

 

(2,029)

 

 

4,348

 

 

 

 

 

(8,091)

Total segment profit

$

47,322

 

$

7,745

 

$

(3,179)

 

$

13,851

 

$

65,739

Corporate and unallocated (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

41,937

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

$

23,802

 

 

Nine Months Ended July 31, 2026

(In thousands)

 

  Northeast   

 

 

  Southeast   

 

 

  West   

 

 

Financial Services

 

 

Total

Homebuilding revenues  

$

688,794

 

$

240,517

 

$

929,678

 

$

-

 

$

1,858,989

Financial services revenues  

 

-

 

 

-

 

 

-

 

 

66,078

 

 

66,078

All other revenues (1)

 

70,445

 

 

346

 

 

3,046

 

 

-

 

 

73,837

Total revenues  

 

759,239

 

 

240,863

 

 

932,724

 

 

66,078

 

 

1,998,904

Cost of sales (2)

 

599,911

 

 

218,114

 

 

864,308

 

 

-

 

 

1,682,333

Selling, general and administrative  

 

48,638

 

 

27,361

 

 

64,789

 

 

-

 

 

140,788

Financial services expenses  

 

-

 

 

-

 

 

-

 

 

40,576

 

 

40,576

Other segment items (3)

 

(18,824)

 

 

3,771

 

 

31,649

 

 

-

 

 

16,596

Total segment profit (loss)

$

129,514

 

$

(8,383)

 

$

(28,022)

 

$

25,502

 

$

118,611

Corporate and unallocated (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

92,345

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

$

26,266

 

 

Nine Months Ended July 31, 2025

(In thousands)

 

  Northeast   

 

 

  Southeast   

 

 

  West   

 

 

 Financial Services

 

 

Total

Homebuilding revenues  

$

826,071

 

$

230,533

 

$

1,009,674

 

$

-

 

$

2,066,278

Financial services revenues  

 

-

 

 

-

 

 

-

 

 

66,826

 

 

66,826

All other revenues (1)

 

4,138

 

 

492

 

 

19,850

 

 

-

 

 

24,480

Total revenues  

 

830,209

 

 

231,025

 

 

1,029,524

 

 

66,826

 

 

2,157,584

Cost of sales (2)

 

670,091

 

 

203,224

 

 

922,894

 

 

-

 

 

1,796,209

Selling, general and administrative  

 

48,232

 

 

25,996

 

 

72,853

 

 

-

 

 

147,081

Financial services expenses  

 

-

 

 

-

 

 

-

 

 

41,043

 

 

41,043

Other segment items (3)

 

(15,229)

 

 

(6,546)

 

 

14,543

 

 

-

 

 

(7,232)

Total segment profit

$

127,115

 

$

8,351

 

$

19,234

 

$

25,783

 

$

180,483

Corporate and unallocated (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

90,288

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

$

90,195

  

(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)

July 31, 2026

 

October 31, 2025

Assets:

 

 

 

 

 

Northeast

$

692,580

 

$

672,021

Southeast

 

351,299

 

 

358,383

West

 

815,664

 

 

829,683

Total homebuilding

 

1,859,543

 

 

1,860,087

Financial services

 

162,720

 

 

151,211

Total assets

$

2,022,263

 

$

2,011,298