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Stockholders' Equity (Tables) | 9 Months Ended
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Jul. 31, 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 July 31, | Nine months ended July 31,
| 2024 |  | 2023 | 2024 |  | 2023
Number of shares purchased (in thousands) | 2,073 |  |  | 1,931 |  | 3,576 |  |  | 3,561 |
Average price per share (1) | $ | 118.57 |  |  | $ | 76.26 |  | $ | 119.42 |  |  | $ | 67.53 |
Remaining authorization at July 31 (in thousands) | 16,424 |  |  | 11,016 |  | 16,424 |  |  | 11,016 |
(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 July 31, |  | Nine months ended July 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Employee Retirement Plans |  |  |  |  |  |  |
Beginning balance | $ | 2,911 |  |  | $ | 2,510 |  |  | $ | 3,080 |  |  | $ | 2,475 |
(Gains) losses reclassified from AOCI to net income (1) | (115) |  |  | 23 |  |  | (342) |  |  | 70 |
Less: Tax expense (benefit) (2) | 29 |  |  | (6) |  |  | 87 |  |  | (18) |
Net (gains) losses reclassified from AOCI to net income | (86) |  |  | 17 |  |  | (255) |  |  | 52 |
Other comprehensive (loss) income – net of tax | (86) |  |  | 17 |  |  | (255) |  |  | 52 |
Ending balance | $ | 2,825 |  |  | $ | 2,527 |  |  | $ | 2,825 |  |  | $ | 2,527 |
Derivative Instruments |  |  |  |  |  |  |
Beginning balance | $ | 36,916 |  |  | $ | 31,365 |  |  | $ | 37,830 |  |  | $ | 35,143 |
(Losses) gains on derivative instruments | (2,151) |  |  | 8,900 |  |  | 659 |  |  | 5,191 |
Less: Tax benefit (expense) | 553 |  |  | (2,250) |  |  | (506) |  |  | (1,302) |
Net (losses) gains on derivative instruments | (1,598) |  |  | 6,650 |  |  | 153 |  |  | 3,889 |
Gains reclassified from AOCI to net income (3) | (2,832) |  |  | (1,427) |  |  | (6,871) |  |  | (2,789) |
Less: Tax expense (2) | 727 |  |  | 361 |  |  | 2,101 |  |  | 706 |
Net gains reclassified from AOCI to net income | (2,105) |  |  | (1,066) |  |  | (4,770) |  |  | (2,083) |
Other comprehensive (loss) income – net of tax | (3,703) |  |  | 5,584 |  |  | (4,617) |  |  | 1,806 |
Ending balance | $ | 33,213 |  |  | $ | 36,949 |  |  | $ | 33,213 |  |  | $ | 36,949 |
Total AOCI ending balance | $ | 36,038 |  |  | $ | 39,476 |  |  | $ | 36,038 |  |  | $ | 39,476 |
(1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”

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