Accrued Expenses (Tables)

12 Months Ended

Oct. 31, 2020

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses at October 31, 2020 and 2019, consisted of the following (amounts in thousands):

	2020		2019
Land, land development and construction	$	233,783	$	192,658
Compensation and employee benefits	219,965		183,592
Escrow liability	23,067		31,587
Self-insurance	215,884		193,405
Warranty	157,351		201,886
Lease liabilities (1)	124,756		—
Deferred income	34,096		51,678
Interest	38,446		31,307
Commitments to unconsolidated entities	8,928		9,283
Other	53,920		55,536
	$	1,110,196	$	950,932

(1)     On November 1, 2019, we adopted ASU 2016-02, which resulted in the establishment of lease liabilities on our Consolidated Balance Sheet as of October 31, 2020. The Consolidated Balance Sheet as of October 31, 2019 does not

reflect any changes resulting from the adoption of the new standard. See Note 1, “Significant Accounting Policies – Recent Accounting Pronouncements” for additional information regarding the adoption of ASU 2016-02.

Changes in the warranty accrual

The table below provides a reconciliation of the changes in our warranty accrual during fiscal 2020, 2019, and 2018 (amounts in thousands):

	2020		2019		2018
Balance, beginning of year	$	201,886	$	258,831	$	329,278
Additions - homes closed during the year	36,103		35,475		37,045
Addition - liabilities acquired	190		855
Increase in accruals for homes closed in prior years	6,711		6,023		6,162
Decrease to water intrusion accrual	(24,400)		—		—
Charges incurred	(63,139)		(99,298)		(113,654)
Balance, end of year	$	157,351	$	201,886	$	258,831