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Accrued Expenses | 3 Months Ended
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Jan. 31, 2024
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued Expenses Accrued expenses at January 31, 2024 and October 31, 2023 consisted of the following (amounts in thousands):
| January 31, 2024 |  | October 31, 2023
Land, land development, and construction | $ | 529,185 |  |  | $ | 555,146 |
Compensation and employee benefits | 159,617 |  |  | 212,684 |
Escrow liability associated with our wholly owned captive title company | 41,905 |  |  | 42,451 |
Self-insurance | 231,574 |  |  | 230,688 |
Warranty | 202,920 |  |  | 206,171 |
Lease liabilities | 123,414 |  |  | 123,866 |
Deferred income | 54,776 |  |  | 52,907 |
Interest | 31,302 |  |  | 30,044 |
Commitments to unconsolidated entities | 32,099 |  |  | 29,212 |
Other | 56,754 |  |  | 65,612 |
| $ | 1,463,546 |  |  | $ | 1,548,781 |
The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands):
|  |  | Three months ended January 31,
|  |  |  |  | 2024 |  | 2023
Balance, beginning of period |  |  |  |  | $ | 206,171 |  |  | $ | 164,409 |
Additions – homes closed during the period |  |  |  |  | 5,822 |  |  | 7,186 |
Change in accruals for homes closed in prior years – net |  |  |  |  | 2,801 |  |  | 2,096 |
Charges incurred |  |  |  |  | (11,874) |  |  | (16,796) |
Balance, end of period |  |  |  |  | $ | 202,920 |  |  | $ | 156,895 |
Since fiscal 2014, we have received water intrusion claims from owners of homes built since 2002 in communities located in Pennsylvania and Delaware (which are in our North region). Our recorded estimated repair costs to resolve these claims were approximately $40.7 million at January 31, 2024 and $41.1 million at October 31, 2023. We continue to perform review procedures to assess, among other things, the number of affected homes, whether repairs are likely to be required, and the extent of such repairs. Our review process, conducted quarterly, includes an analysis of many factors to determine whether a claim is likely to be received and the estimated costs to resolve any such claim, including: the closing dates of the homes; the number of claims received; our inspection of homes; an estimate of the number of homes we expect to repair; the type and cost of repairs that have been performed in each community; the estimated costs to remediate pending and future claims; the expected recovery from our insurance carriers and suppliers; and the previously recorded amounts related to these claims. We also monitor legal developments relating to these types of claims and review the volume, relative merits and adjudication of claims in litigation or arbitration. Our review process includes a number of estimates that are based on assumptions with uncertain outcomes. Due to the degree of judgment required in making these estimates and the inherent uncertainty in potential outcomes, it is reasonably possible that our actual costs and recoveries could differ from those recorded. However, based on the facts and circumstances currently known, we do not believe that any such differences would be material.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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