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v3.25.1

Accrued Expenses | 6 Months Ended
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Apr. 30, 2025
Payables and Accruals [Abstract] |
Accrued Expenses | 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 |
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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