Accrued Expenses (Tables)

9 Months Ended

Jul. 31, 2023

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses at July 31, 2023 and October 31, 2022 consisted of the following (amounts in thousands):

	July 31, 2023		October 31, 2022
Land, land development, and construction	$	549,121	$	334,975
Compensation and employee benefits	175,906		223,609
Escrow liability associated with our wholly owned captive title company	43,923		44,115
Self-insurance	240,000		251,576
Warranty	145,451		164,409
Lease liabilities	145,016		139,664
Deferred income	50,771		50,973
Interest	31,044		31,988
Commitments to unconsolidated entities	29,545		26,905
Other	46,729		77,773
	$	1,457,506	$	1,345,987

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,
	2023		2022		2023		2022
Balance, beginning of period	$	149,395	$	143,991	$	164,409	$	145,062
Additions – homes closed during the period	12,395		15,598		29,666		38,798
Addition – liabilities assumed in a business acquisition	—		150		—		150
Change in accruals for homes closed in prior years – net	3,995		3,315		6,018		6,987
Charges incurred	(20,334)		(18,423)		(54,642)		(46,366)
Balance, end of period	$	145,451	$	144,631	$	145,451	$	144,631