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Summary Consolidated Quarterly Financial Data (Unaudited) Summary Consolidated Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Oct. 31, 2023
Summary Consolidated Quarterly Financial Data (Unaudited) [Abstract] |
Schedule of Quarterly Financial Information [Table Text Block] | The table below provides summary income statement data for each quarter of fiscal 2023 and 2022 (amounts in thousands, except per share data):
| Three Months Ended
| October 31 |  | July 31 |  | April 30 |  | January 31
Fiscal 2023: |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |
Home sales | $ | 2,951,904 |  |  | $ | 2,674,602 |  |  | $ | 2,490,098 |  |  | $ | 1,749,422 |
Land sales and other | $ | 68,243 |  |  | $ | 13,040 |  |  | $ | 16,881 |  |  | $ | 30,747 |
Gross profit (loss): |  |  |  |  |  |  |
Home sales | $ | 810,375 |  |  | $ | 742,653 |  |  | $ | 657,220 |  |  | $ | 448,499 |
Land sales and other | $ | (10,351) |  |  | $ | 1,462 |  |  | $ | (3,969) |  |  | $ | (11,688) |
Income before income taxes | $ | 604,966 |  |  | $ | 553,017 |  |  | $ | 430,592 |  |  | $ | 253,796 |
Net income | $ | 445,536 |  |  | $ | 414,789 |  |  | $ | 320,216 |  |  | $ | 191,530 |
Earnings per share (2) |  |  |  |  |  |  |
Basic | $ | 4.15 |  |  | $ | 3.77 |  |  | $ | 2.88 |  |  | $ | 1.72 |
Diluted | $ | 4.11 |  |  | $ | 3.73 |  |  | $ | 2.85 |  |  | $ | 1.70 |
Weighted-average number of shares |  |  |  |  |  |  |
Basic | 107,465 |  |  | 110,003 |  |  | 111,214 |  |  | 111,397 |
Diluted | 108,388 |  |  | 111,123 |  |  | 112,184 |  |  | 112,336 |
Fiscal 2022: |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |
Home sales | $ | 3,580,952 |  |  | $ | 2,256,337 |  |  | $ | 2,186,529 |  |  | $ | 1,687,352 |
Land sales and other | $ | 131,182 |  |  | $ | 238,465 |  |  | $ | 91,012 |  |  | $ | 103,729 |
Gross profit (loss): |  |  |  |  |  |  |
Home sales | $ | 963,038 |  |  | $ | 585,634 |  |  | $ | 527,264 |  |  | $ | 397,825 |
Land sales and other | $ | 1,571 |  |  | $ | 8,904 |  |  | $ | (1,969) |  |  | $ | 4,112 |
Income before income taxes (1) | $ | 841,144 |  |  | $ | 365,951 |  |  | $ | 295,815 |  |  | $ | 200,816 |
Net income (1) | $ | 640,536 |  |  | $ | 273,467 |  |  | $ | 220,593 |  |  | $ | 151,904 |
Earnings per share (2) |  |  |  |  |  |  |
Basic | $ | 5.67 |  |  | $ | 2.37 |  |  | $ | 1.87 |  |  | $ | 1.26 |
Diluted | $ | 5.63 |  |  | $ | 2.35 |  |  | $ | 1.85 |  |  | $ | 1.24 |
Weighted-average number of shares |  |  |  |  |  |  |
Basic | 112,914 |  |  | 115,334 |  |  | 117,839 |  |  | 120,996 |
Diluted | 113,793 |  |  | 116,326 |  |  | 118,925 |  |  | 122,858 |
(1) Included in our fourth quarter of fiscal 2022 is a $141.2 million net gain related to a favorable litigation settlement as further discussed in Note 15, “Other Income - Net”. (2) Due to rounding, the sum of the quarterly earnings per share amounts may not equal the reported earnings per share for the year.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1 + Details
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