XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.21.1

Stockholders' Equity | 6 Months Ended
--- | ---
Apr. 30, 2021
Stock Repurchase Program [Abstract] |
Stock Repurchase Program [Text Block] | Stockholders’ Equity Stock Repurchase Program On March 10, 2020, our Board of Directors terminated our existing 20 million share repurchase program, which was authorized in December 2019, and authorized, under a new repurchase program, the repurchase of 20 million shares of our common stock in open market transactions, privately negotiated transactions (including accelerated share repurchases), issuer tender offers or other financial arrangements or transactions, in each case for general corporate purposes, including to obtain shares for the Company’s equity award and other employee benefit plans. Our Board of Directors did not fix any expiration date for this repurchase program. The table below provides, for the periods indicated, information about our share repurchase programs:
| Three months ended April 30, | Six months ended April 30,
| 2021 |  | 2020 | 2021 |  | 2020
Number of shares purchased (in thousands) | 5 |  |  | 4,252 |  | 4,032 |  |  | 15,938 |
Average price per share | $ | 55.11 |  |  | $ | 37.05 |  | $ | 44.56 |  |  | $ | 39.75 |
Remaining authorization at April 30 (in thousands) | 15,952 |  |  | 19,998 |  | 15,952 |  |  | 19,998 |
Cash Dividends On March 9, 2021, our Board of Directors approved an increase in our quarterly cash dividend from $0.11 per share to $0.17 per share. During the three months ended April 30, 2021 and 2020, we declared and paid cash dividends of $0.17 and $0.11 per share, respectively, to our shareholders. During the six months ended April 30, 2021 and 2020, we declared and paid cash dividends of $0.28 and $0.22 per share, respectively, to our shareholders. Accumulated Other Comprehensive Loss The changes in each component of accumulated other comprehensive loss (“AOCL”), for the periods indicated, were as follows (amounts in thousands):
| Three months ended April 30, |  | Six months ended April 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Employee Retirement Plans |  |  |  |  |  |  |
Beginning balance | $ | (6,864) |  |  | $ | (5,553) |  |  | $ | (7,198) |  |  | $ | (5,831) |
Gains (losses) arising during the period | — |  |  | — |  |  | — |  |  | — |
Less: Tax (expense) benefit | — |  |  | — |  |  | — |  |  | — |
Net gains (losses) arising during the period | — |  |  | — |  |  | — |  |  | — |
Gains reclassified from AOCL to net income (1) | 450 |  |  | 373 |  |  | 900 |  |  | 746 |
Less: Tax expense (2) | (115) |  |  | (95) |  |  | (231) |  |  | (190) |
Net gains reclassified from AOCL to net income | 335 |  |  | 278 |  |  | 669 |  |  | 556 |
Other comprehensive income, net of tax | 335 |  |  | 278 |  |  | 669 |  |  | 556 |
Ending balance | $ | (6,529) |  |  | $ | (5,275) |  |  | $ | (6,529) |  |  | $ | (5,275) |
Derivative Instruments |  |  |  |  |  |  |
Beginning balance | $ | 378 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Gains on derivative instruments | 5,474 |  |  | — |  |  | 5,972 |  |  | — |
Less: Tax expense | (1,395) |  |  | — |  |  | (1,523) |  |  | — |
Net gains on derivative instruments | 4,079 |  |  | — |  |  | 4,449 |  |  | — |
Gains reclassified from AOCL to net income (3) | 32 |  |  | — |  |  | 42 |  |  | — |
Less: Tax expense (2) | (8) |  |  | — |  |  | (10) |  |  | — |
Net gains reclassified from AOCL to net income | 24 |  |  | — |  |  | 32 |  |  | — |
Other comprehensive income, net of tax | 4,103 |  |  | — |  |  | 4,481 |  |  | — |
Ending balance | $ | 4,481 |  |  | $ | — |  |  | $ | 4,481 |  |  | $ | — |
Total AOCL ending balance | $ | (2,048) |  |  | $ | (5,275) |  |  | $ | (2,048) |  |  | $ | (5,275) |
(1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”

X
- Definition Stock repurchase program. + References No definition available. + Details
Name: | tol_StockRepurchaseProgramAbstract
Namespace Prefix: | tol_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration