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Stockholders' Equity (Tables) | 6 Months Ended
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Apr. 30, 2024
Stock Repurchase Program [Abstract] |
Stock 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,
| 2024 |  | 2023 | 2024 |  | 2023
Number of shares purchased (in thousands) | 1,502 |  |  | 1,443 |  | 1,503 |  |  | 1,630 |
Average price per share (1) | $ | 120.60 |  |  | $ | 58.14 |  | $ | 120.59 |  |  | $ | 57.20 |
Remaining authorization at April 30 (in thousands) | 18,498 |  |  | 12,947 |  | 18,498 |  |  | 12,947 |
(1) Average price per share includes costs associated with the purchases, including the excise tax accrued on our share repurchases as a result of the Inflation Reduction Act of 2022, as applicable.
Schedule of Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income The changes in each component of accumulated other comprehensive income (“AOCI”), for the periods indicated, were as follows (amounts in thousands):
| Three months ended April 30, |  | Six months ended April 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Employee Retirement Plans |  |  |  |  |  |  |
Beginning balance | $ | 2,996 |  |  | $ | 2,492 |  |  | $ | 3,080 |  |  | $ | 2,475 |
(Gains) losses reclassified from AOCI to net income (1) | (114) |  |  | 24 |  |  | (227) |  |  | 47 |
Less: Tax expense (benefit) (2) | 29 |  |  | (6) |  |  | 58 |  |  | (12) |
Net (gains) losses reclassified from AOCI to net income | (85) |  |  | 18 |  |  | (169) |  |  | 35 |
Other comprehensive (loss) income – net of tax | (85) |  |  | 18 |  |  | (169) |  |  | 35 |
Ending balance | $ | 2,911 |  |  | $ | 2,510 |  |  | $ | 2,911 |  |  | $ | 2,510 |
Derivative Instruments |  |  |  |  |  |  |
Beginning balance | $ | 34,016 |  |  | $ | 31,662 |  |  | $ | 37,830 |  |  | $ | 35,143 |
Gains (losses) on derivative instruments | 6,378 |  |  | 588 |  |  | 2,810 |  |  | (3,709) |
Less: Tax (expense) benefit | (1,964) |  |  | (138) |  |  | (1,059) |  |  | 948 |
Net gains (losses) on derivative instruments | 4,414 |  |  | 450 |  |  | 1,751 |  |  | (2,761) |
Gains reclassified from AOCI to net income (3) | (2,496) |  |  | (1,000) |  |  | (4,039) |  |  | (1,362) |
Less: Tax expense (2) | 982 |  |  | 253 |  |  | 1,374 |  |  | 345 |
Net gains reclassified from AOCI to net income | (1,514) |  |  | (747) |  |  | (2,665) |  |  | (1,017) |
Other comprehensive income (loss) – net of tax | 2,900 |  |  | (297) |  |  | (914) |  |  | (3,778) |
Ending balance | $ | 36,916 |  |  | $ | 31,365 |  |  | $ | 36,916 |  |  | $ | 31,365 |
Total AOCI ending balance | $ | 39,827 |  |  | $ | 33,875 |  |  | $ | 39,827 |  |  | $ | 33,875 |
(1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”

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