Accrued Expenses (Tables)

9 Months Ended

Jul. 31, 2022

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses at July 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands):

	July 31, 2022		October 31, 2021
Land, land development, and construction	$	284,669	$	310,996
Compensation and employee benefits	199,495		232,161
Escrow liability	71,389		36,107
Self-insurance	239,677		236,369
Warranty	144,631		145,062
Lease liabilities	127,967		116,248
Deferred revenue	37,803		36,638
Interest	37,084		34,033
Commitments to unconsolidated entities	26,656		22,150
Other	59,027		50,471
	$	1,228,398	$	1,220,235

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 July 31,				Nine months ended July 31,
	2022		2021		2022		2021
Balance, beginning of period	$	143,991	$	153,640	$	145,062	$	157,351
Additions – homes closed during the period	15,598		10,430		38,798		29,141
Addition – liabilities assumed in a business acquisition	150		—		150		—
Increase in accruals for homes closed in prior years – net	3,315		1,111		6,987		6,002
Charges incurred	(18,423)		(14,767)		(46,366)		(42,080)
Balance, end of period	$	144,631	$	150,414	$	144,631	$	150,414