XML 53 R38.htm IDEA: XBRL DOCUMENT v3.22.4
Commitments and Contingencies (Tables)
 12 Months Ended
Oct. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Company purchase commitments Information regarding our land purchase contracts at October 31, 2022 and 2021, is provided in the table below (amounts in thousands):
20222021
Aggregate purchase price:  
Unrelated parties$4,279,660 $4,442,804 
Unconsolidated entities that the Company has investments in42,057 9,953 
Total$4,321,717 $4,452,757 
Deposits against aggregate purchase price$463,452 $336,363 
Additional cash required to acquire land3,858,265 4,116,394 
Total$4,321,717 $4,452,757 
Amount of additional cash required to acquire land included in accrued expenses$34,994 $37,447 
Company mortgage commitments Information regarding our mortgage commitments at October 31, 2022 and 2021, is provided in the table below (amounts in thousands):
20222021
Aggregate mortgage loan commitments:  
IRLCs$669,631 $528,127 
Non-IRLCs2,429,063 2,705,772 
Total$3,098,694 $3,233,899 
Investor commitments to purchase:  
IRLCs$669,631 $528,127 
Mortgage loans receivable186,666 244,376 
Total$856,297 $772,503 
Lessee, Operating Lease, Liability, Maturity
Information regarding our remaining lease payments as of October 31, 2022 is provided in the table below (amounts in thousands):
Year ended October 31,
2023$21,141 
202419,153 
202516,048 
202615,112 
202711,520 
Thereafter258,687 
Total lease payments (1)
$341,661 
Less: Interest (2)
201,997 
Present value of lease liabilities$139,664 
(1)    Lease payments include options to extend lease terms that are reasonably certain of being exercised.
(2)    Our leases do not provide a readily determinable implicit rate. Therefore, we estimate our discount rate for such leases to determine the present value of lease payments at the lease commencement date.