XML 60 R34.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Stock-Based Benefit Plans (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Stock-based compensation expense recognized | The following table provides information regarding the amount of total stock-based compensation expense recognized by us for fiscal 2016, 2015, and 2014 (amounts in thousands):
| 2016 |  | 2015 |  | 2014
Total stock-based compensation expense recognized | $ | 26,679 |  |  | $ | 22,903 |  |  | $ | 21,656 |
Income tax benefit recognized | $ | 10,450 |  |  | $ | 8,767 |  |  | $ | 8,322 |
Weighted-average assumptions and the fair value used for stock option grants | The following table summarizes the weighted-average assumptions and fair value used for stock option grants in each of the fiscal years ended October 31, 2016, 2015, and 2014:
| 2016 |  | 2015 |  | 2014
Expected volatility | 32.03% - 42.31% |  | 32.69% - 42.58% |  | 36.44% - 44.71%
Weighted-average volatility | 34.69% |  | 36.36% |  | 42.71%
Risk-free interest rate | 1.58% - 2.14% |  | 1.53% - 2.11% |  | 1.45% - 2.71%
Expected life (years) | 4.56 - 9.17 |  | 4.54 - 9.12 |  | 4.55 - 9.02
Dividends | none |  | none |  | none
Weighted-average fair value per share of options granted | $11.24 |  | $11.67 |  | $14.26
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | The following table summarizes stock option activity for our plans during each of the fiscal years ended October 31, 2016, 2015, and 2014 (amounts in thousands, except per share amounts):
| 2016 |  | 2015 |  | 2014
| Number of options |  | Weighted- average exercise price |  | Number of options |  | Weighted- average exercise price |  | Number of options |  | Weighted- average exercise price
Balance, beginning | 8,025 |  |  | $ | 25.75 |  |  | 9,358 |  |  | $ | 25.94 |  |  | 9,924 |  |  | $ | 24.51 |
Granted | 965 |  |  | 32.85 |  |  | 870 |  |  | 32.49 |  |  | 819 |  |  | 35.16 |
Exercised | (255 | ) |  | 24.04 |  |  | (1,441 | ) |  | 27.52 |  |  | (1,313 | ) |  | 20.88 |
Canceled | (221 | ) |  | 35.23 |  |  | (762 | ) |  | 32.48 |  |  | (72 | ) |  | 25.23 |
Balance, ending | 8,514 |  |  | $ | 26.36 |  |  | 8,025 |  |  | $ | 25.75 |  |  | 9,358 |  |  | $ | 25.94 |
Options exercisable, at October 31, | 6,407 |  |  | $ | 24.14 |  |  | 6,098 |  |  | $ | 23.67 |  |  | 7,482 |  |  | $ | 24.91 |
Intrinsic Value of Options Outstanding and Exercisable [Table Text Block] | The following table provides information pertaining to the intrinsic value of options outstanding and exercisable at October 31, 2016, 2015, and 2014 (amounts in thousands):
| 2016 |  | 2015 |  | 2014
Intrinsic value of options outstanding | $ | 31,852 |  |  | $ | 82,058 |  |  | $ | 62,073 |
Intrinsic value of options exercisable | $ | 31,852 |  |  | $ | 75,034 |  |  | $ | 55,776 |
Intrinsic Value of Options Exercised and Fair Value of Options [Table Text Block] | Information pertaining to the intrinsic value of options exercised and the fair market value of options that became vested or modified in each of the fiscal years ended October 31, 2016, 2015, and 2014, is provided below (amounts in thousands):
| 2016 |  | 2015 |  | 2014
Intrinsic value of options exercised | $ | 2,337 |  |  | $ | 12,923 |  |  | $ | 18,361 |
Fair market value of options vested | $ | 9,690 |  |  | $ | 9,183 |  |  | $ | 8,447 |
Information Regarding the Use of the Net Exercise Method [Text Block] | The following table provides information regarding the use of the net exercise method for fiscal 2016, 2015, and 2014:
| 2016 |  | 2015 |  | 2014
Options exercised | 5,000 |  |  | 30,000 |  |  | 96,162 |
Shares withheld | 3,547 |  |  | 29,917 |  |  | 58,819 |
Shares issued | 1,453 |  |  | 83 |  |  | 37,343 |
Average fair market value per share withheld | $ | 32.85 |  |  | $ | 32.64 |  |  | $ | 33.78 |
Aggregate fair market value of shares withheld (in thousands) | $ | 117 |  |  | $ | 976 |  |  | $ | 1,987 |
Employee Stock Option [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Stock-based compensation expense recognized | Information regarding the stock compensation expense, related to stock options, for fiscal 2016, 2015 and 2014 was as follows (amounts in thousands):
| 2016 |  | 2015 |  | 2014
Stock compensation expense recognized - options | $ | 10,986 |  |  | $ | 9,610 |  |  | $ | 9,005 |
Employee Stock [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | The following table provides information regarding our employee stock purchase plan for fiscal 2016, 2015, and 2014:
| 2016 |  | 2015 |  | 2014
Shares issued | 36,778 |  |  | 26,674 |  |  | 24,275 |
Average price per share | $ | 25.97 |  |  | $ | 31.65 |  |  | $ | 30.59 |
Compensation expense recognized (in thousands) | $ | 129 |  |  | $ | 113 |  |  | $ | 98 |
Vesting Based On Service [Member] | Restricted Stock Units (RSUs) [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | The following table provides information regarding these RSUs for fiscal 2016, 2015, and 2014:
| 2016 |  | 2015 |  | 2014
Nonperformance-Based RSUs issued: |  |  |  |  |
Number of RSUs issued | 139,684 |  |  | 124,568 |  |  | 99,336 |
Weighted average closing price of our common stock on date of issuance | $ | 32.85 |  |  | $ | 32.74 |  |  | $ | 35.16 |
Aggregate fair value of RSUs issued (in thousands) | $ | 4,589 |  |  | $ | 4,078 |  |  | $ | 3,493 |
Nonperformance-Based RSU expense recognized (in thousands): | $ | 3,958 |  |  | $ | 3,317 |  |  | $ | 3,012 |
| 2016 |  | 2015 |  | 2014
At October 31: |  |  |  |  |
Aggregate Nonperformance-Based RSUs outstanding | 396,716 |  |  | 380,548 |  |  | 304,286 |
Cumulative unamortized value of Nonperformance-Based RSUs (in thousands) | $ | 2,956 |  |  | $ | 2,542 |  |  | $ | 2,043 |
Vesting Based On Performance [Member] | Restricted Stock Units (RSUs) [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | The following table provides information regarding the issuance, valuation assumptions, and amortization of the Performance-Based RSUs issued in fiscal 2016, 2015, and 2014:
| 2016 |  | 2015 |  | 2014
Number of shares underlying Performance-Based RSUs to be issued | 182,853 |  |  | 300,042 |  |  | 288,814 |
Aggregate number of Performance-Based RSUs outstanding at October 31 | 1,074,222 |  |  | 1,261,545 |  |  | 961,503 |
Closing price of our common stock on Valuation Date | $ | 32.85 |  |  | $ | 32.49 |  |  | $ | 35.16 |
Aggregate fair value of Performance-Based RSUs issued (in thousands) | $ | 6,007 |  |  | $ | 9,748 |  |  | $ | 10,155 |
Performance-Based RSU expense recognized (in thousands) | $ | 8,301 |  |  | $ | 9,863 |  |  | $ | 9,310 |
Unamortized value of Performance-Based RSUs at October 31 (in thousands) | $ | 6,556 |  |  | $ | 8,850 |  |  | $ | 8,965 |
Vesting based on total shareholder return [Member] | Restricted Stock Units (RSUs) [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | The three distinct performance periods are as follows:
|  | Performance Period |  | Initial Number of TSR RSUs issued
Tranche 1 |  | November 1, 2015 to October 31, 2016 |  | 61,796 |
Tranche 2 |  | November 1, 2015 to October 31, 2017 |  | 57,230 |
Tranche 3 |  | November 1, 2015 to October 31, 2018 |  | 52,679 |

X
- Definition Information regarding the use of the net exercise method. + References No definition available. + Details
Name: | tol_InformationRegardingUseOfNetExerciseMethodTextBlock
Namespace Prefix: | tol_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Intrinsic value of options exercised and the fair value of options. + References No definition available. + Details
Name: | tol_IntrinsicValueOfOptionsExercisedAndFairValueOfOptionsTableTextBlock
Namespace Prefix: | tol_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Intrinsic value of options outstanding and exercisable. + References No definition available. + Details
Name: | tol_IntrinsicValueOfOptionsOutstandingAndExercisableTableTextBlock
Namespace Prefix: | tol_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | tol_VestingCriteriaAxis=tol_VestingBasedOnServiceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | tol_VestingCriteriaAxis=tol_VestingBasedOnPerformanceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | tol_VestingCriteriaAxis=tol_VestingbasedontotalshareholderreturnMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |