Accrued Expenses (Tables)

12 Months Ended

Oct. 31, 2023

Payables and Accruals [Abstract]

Accrued expenses

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

	2023		2022
Land, land development and construction	$	555,146	$	334,975
Compensation and employee benefits	212,684		223,609
Escrow liability associated with our wholly owned captive title company	42,451		44,115
Self-insurance	230,688		251,576
Warranty	206,171		164,409
Lease liabilities	123,866		139,664
Deferred income	52,907		50,973
Interest	30,044		31,988
Commitments to unconsolidated entities	29,212		26,905
Other	65,612		77,773
	$	1,548,781	$	1,345,987

Changes in the warranty accrual

The table below provides a reconciliation of the changes in our warranty accrual during fiscal 2023, 2022, and 2021 (amounts in thousands):

	2023		2022		2021
Balance, beginning of year	$	164,409	$	145,062	$	157,351
Additions - homes closed during the year	44,949		42,423		42,316
Addition - liabilities assumed in an asset acquisition	—		150		100
Increase in accruals for homes closed in prior years - net	12,739		10,433		9,155
Increase in accruals expected to be recovered from third parties (1)	58,000		29,000		—
Reclassification from self-insurance accruals	696		—		3,618
Decrease to water intrusion accrual	—		—		(11,823)
Charges incurred	(74,622)		(62,659)		(55,655)
Balance, end of year	$	206,171	$	164,409	$	145,062

(1)    These increases in accruals for warranty charges are expected to be recovered from our insurance carriers or suppliers, which are recorded as receivables included in “Receivables, prepaid expenses, and other assets” on our Consolidated Balance Sheets.