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v3.25.1

Accrued Expenses (Tables) | 6 Months Ended
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Apr. 30, 2025
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued expenses at April 30, 2025 and October 31, 2024 consisted of the following (amounts in thousands):
| April 30, 2025 |  | October 31, 2024
Land development and construction | $ | 327,227 |  |  | $ | 356,613 |
Liabilities related to consolidated inventory not owned | 773,055 |  |  | 388,778 |
Compensation and employee benefits | 179,351 |  |  | 208,394 |
Escrow liability associated with our wholly owned captive title company | 69,752 |  |  | 62,038 |
Self-insurance | 245,293 |  |  | 242,306 |
Warranty | 192,613 |  |  | 189,258 |
Lease liabilities | 129,307 |  |  | 128,588 |
Deferred income | 52,370 |  |  | 51,138 |
Interest | 30,986 |  |  | 29,669 |
Commitments to unconsolidated entities | 38,873 |  |  | 38,661 |
Other | 49,761 |  |  | 57,405 |
| $ | 2,088,588 |  |  | $ | 1,752,848 |
Changes in the Warranty Accrual | The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands):
| Three months ended April 30, |  | Six months ended April 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Balance, beginning of period | $ | 189,374 |  |  | $ | 202,920 |  |  | $ | 189,258 |  |  | $ | 206,171 |
Additions – homes closed during the period | 11,654 |  |  | 9,143 |  |  | 19,796 |  |  | 14,965 |
Change in accruals for homes closed in prior years – net | 1,091 |  |  | 9,344 |  |  | 4,315 |  |  | 12,145 |
Charges incurred | (9,506) |  |  | (14,690) |  |  | (20,756) |  |  | (26,564) |
Balance, end of period | $ | 192,613 |  |  | $ | 206,717 |  |  | $ | 192,613 |  |  | $ | 206,717 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-8 + Details
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