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Accrued Expenses | 12 Months Ended
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Oct. 31, 2024
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued Expenses Accrued expenses at October 31, 2024 and 2023, consisted of the following (amounts in thousands):
| 2024 |  | 2023
Land, land development and construction | $ | 356,613 |  |  | $ | 286,516 |
Liabilities related to consolidated inventory not owned | 388,778 |  |  | 268,630 |
Compensation and employee benefits | 208,394 |  |  | 212,684 |
Escrow liability associated with our wholly owned captive title company | 62,038 |  |  | 42,451 |
Self-insurance | 242,306 |  |  | 230,688 |
Warranty | 189,258 |  |  | 206,171 |
Lease liabilities | 128,588 |  |  | 123,866 |
Deferred income | 51,138 |  |  | 52,907 |
Interest | 29,669 |  |  | 30,044 |
Commitments to unconsolidated entities | 38,661 |  |  | 29,212 |
Other | 57,405 |  |  | 65,612 |
| $ | 1,752,848 |  |  | $ | 1,548,781 |
At the time each home is closed and title and possession are transferred to the home buyer, we record an initial accrual for expected warranty costs on that home. Our initial accrual for expected warranty costs is based upon historical warranty claim experience. Adjustments to our warranty liabilities related to homes delivered in prior periods are recorded in the period in which a change in our estimate occurs. The table below provides a reconciliation of the changes in our warranty accrual during fiscal 2024, 2023, and 2022 (amounts in thousands):
| 2024 |  | 2023 |  | 2022
Balance, beginning of year | $ | 206,171 |  |  | $ | 164,409 |  |  | $ | 145,062 |
Additions - homes closed during the year | 36,186 |  |  | 44,949 |  |  | 42,423 |
Addition - liabilities assumed in an asset acquisition | — |  |  | — |  |  | 150 |
Increase in accruals for homes closed in prior years - net | 3,150 |  |  | 12,739 |  |  | 10,433 |
(Decrease) increase in accruals expected to be recovered from third parties (1) | (6,000) |  |  | 58,000 |  |  | 29,000 |
Reclassification from self-insurance accruals | — |  |  | 696 |  |  | — |
Charges incurred | (50,249) |  |  | (74,622) |  |  | (62,659) |
Balance, end of year | $ | 189,258 |  |  | $ | 206,171 |  |  | $ | 164,409 |
(1) The (decrease) increase in accruals for warranty charges are expected to be recovered from our insurance carriers or suppliers, which are recorded as receivables included in “Receivables, prepaid expenses, and other assets” on our Consolidated Balance Sheets.

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