v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2026
Jul. 31, 2025
Cash flows from operating activities:    
Net income $ 18,049 $ 64,532
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 10,536 8,513
Stock-based compensation 8,899 14,124
Amortization of debt discounts, premiums and deferred financing costs 7,075 (1,777)
Gain on sale of property and assets (3,732) (951)
Gain on consolidation of joint venture (26,830) 0
Gain on assets contributed to joint venture 0 (22,683)
Income from unconsolidated joint ventures (5,731) (33,759)
Distributions of earnings from unconsolidated joint ventures 0 3,460
Gain on extinguishment of debt 0 (399)
Inventory impairments and land option write-offs 11,602 20,141
Decrease (increase) in assets:    
Inventories 24,945 (45,586)
Receivables, deposits and notes (39,861) (2,163)
Origination of mortgage loans (1,194,610) (1,279,416)
Sale of mortgage loans 1,183,955 1,297,796
Deferred tax assets 5,175 20,244
(Decrease) increase in liabilities:    
Accounts payable, accrued interest and other liabilities (3,740) (16,712)
Customers’ deposits 54,029 (6,159)
Net cash provided by operating activities 49,761 19,205
Cash flows from investing activities:    
Proceeds from sale of property and assets 4,192 1,523
Purchase of property, equipment, and other fixed assets (15,964) (17,011)
Investment in and advances to unconsolidated joint ventures, net of reimbursements (58,067) (49,572)
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 (38,322) (60,635)
Cash flows from financing activities:    
Proceeds from mortgages and notes 58,466 152,747
Payments related to mortgages and notes (60,829) (191,384)
Proceeds from model sale leaseback financing programs 11,933 36,978
Payments related to model sale leaseback financing programs (24,855) (13,806)
Proceeds from land bank financing programs 80,086 159,819
Payments related to land bank financing programs (84,513) (85,117)
Net proceeds (payments) related to mortgage warehouse lines of credit 7,349 (21,504)
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 (8,007) (8,007)
Treasury stock purchases (18,467) (30,302)
Deferred financing costs from land banking financing programs and note issuances (1,395) (3,353)
Net cash used in financing activities (39,112) (30,517)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents (27,673) (71,947)
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 290,974 194,814
Supplemental disclosures of cash flows:    
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 290,974 194,814
Home Building [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 249,090 146,592
Restricted cash and cash equivalents 9,208 12,155
Financial Services [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 5,077 5,228
Restricted cash and cash equivalents $ 27,599 $ 30,839