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v3.25.1

Stockholders' Equity (Tables) | 6 Months Ended
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Apr. 30, 2025
Equity [Abstract] |
Share 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,
| 2025 |  | 2024 | 2025 |  | 2024
Number of shares purchased (in thousands) | 1,645 |  |  | 1,502 |  | 1,832 |  |  | 1,503 |
Average price per share (1) | $ | 107.84 |  |  | $ | 120.60 |  | $ | 109.80 |  |  | $ | 120.59 |
Remaining authorization at April 30 (in thousands) | 13,255 |  |  | 18,498 |  | 13,255 |  |  | 18,498 |
(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.
Accumulated Other Comprehensive Income (“AOCI”) | 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,
| 2025 |  | 2024 |  | 2025 |  | 2024
Employee Retirement Plans |  |  |  |  |  |  |
Beginning balance | $ | 1,171 |  |  | $ | 2,996 |  |  | $ | 1,018 |  |  | $ | 3,080 |
Losses (gains) reclassified from AOCI to net income (1) | 206 |  |  | (114) |  |  | 411 |  |  | (227) |
Less: Tax (benefit) expense (2) | (52) |  |  | 29 |  |  | (104) |  |  | 58 |
Net losses (gains) reclassified from AOCI to net income | 154 |  |  | (85) |  |  | 307 |  |  | (169) |
Other comprehensive income (loss) – net of tax | 154 |  |  | (85) |  |  | 307 |  |  | (169) |
Ending balance | $ | 1,325 |  |  | $ | 2,911 |  |  | $ | 1,325 |  |  | $ | 2,911 |
Derivative Instruments |  |  |  |  |  |  |
Beginning balance | $ | 29,201 |  |  | $ | 34,016 |  |  | $ | 30,259 |  |  | $ | 37,830 |
Gains on derivative instruments | 98 |  |  | 6,378 |  |  | 765 |  |  | 2,810 |
Less: Tax (expense) benefit | (25) |  |  | (1,964) |  |  | (193) |  |  | (1,059) |
Net gains on derivative instruments | 73 |  |  | 4,414 |  |  | 572 |  |  | 1,751 |
Gains reclassified from AOCI to net income (3) | (3,305) |  |  | (2,496) |  |  | (5,388) |  |  | (4,039) |
Less: Tax expense (2) | 836 |  |  | 982 |  |  | 1,362 |  |  | 1,374 |
Net gains reclassified from AOCI to net income | (2,469) |  |  | (1,514) |  |  | (4,026) |  |  | (2,665) |
Other comprehensive loss – net of tax | (2,396) |  |  | 2,900 |  |  | (3,454) |  |  | (914) |
Ending balance | $ | 26,805 |  |  | $ | 36,916 |  |  | $ | 26,805 |  |  | $ | 36,916 |
Total AOCI ending balance | $ | 28,130 |  |  | $ | 39,827 |  |  | $ | 28,130 |  |  | $ | 39,827 |
(1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”

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