Accrued Expenses

3 Months Ended

Jan. 31, 2014

Accrued expenses at January 31, 2014 and October 31, 2013 consisted of the following (amounts in thousands):



	January 31, 2014		October 31, 2013
Land, land development and construction	$	135,523	$	152,674
Compensation and employee benefits	107,080		111,561
Insurance and litigation	91,820		89,104
Warranty	42,688		43,819
Interest	46,500		25,675
Commitments to unconsolidated entities	4,260		3,804
Other	88,226		96,350
	$	516,097	$	522,987

The Company accrues for expected warranty costs at the time each home is closed and title and possession are transferred to the home buyer. Warranty costs are accrued based upon historical experience. The table below provides, for the periods indicated, a reconciliation of the changes in the Company’s warranty accrual (amounts in thousands):



	Three months ended January 31,
	2014			2013
Balance, beginning of period	$	43,819		$	41,706
Additions – homes closed during the period	3,097			2,289
Increase (decrease) in accruals for homes closed in prior periods	344			(267		)
Charges incurred	(4,572		)	(2,487		)
Balance, end of period	$	42,688		$	41,241