Commitments and Contingencies (Tables)

12 Months Ended

Oct. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Company purchase commitments

Information regarding our land purchase contracts at October 31, 2023 and 2022, is provided in the table below (amounts in thousands):

	2023		2022
Aggregate purchase price:
Unrelated parties	$	4,191,160	$	4,279,660
Unconsolidated entities that the Company has investments in	31,477		42,057
Total	$	4,222,637	$	4,321,717
Deposits against aggregate purchase price	$	449,925	$	463,452
Additional cash required to acquire land	3,772,712		3,858,265
Total	$	4,222,637	$	4,321,717
Amount of additional cash required to acquire land included in accrued expenses	$	254,030	$	34,994

Company mortgage commitments

Information regarding our mortgage commitments at October 31, 2023 and 2022, is provided in the table below (amounts in thousands):

	2023		2022
Aggregate mortgage loan commitments:
IRLCs	$	354,716	$	669,631
Non-IRLCs	1,818,486		2,429,063
Total	$	2,173,202	$	3,098,694
Investor commitments to purchase:
IRLCs	$	354,716	$	669,631
Mortgage loans receivable	104,703		186,666
Total	$	459,419	$	856,297

Lessee, Operating Lease, Liability, Maturity

Information regarding our remaining lease payments as of October 31, 2023 is provided in the table below (amounts in thousands):

Year ended October 31,
2024	$	23,000
2025	20,600
2026	18,600
2027	15,300
2028	12,700
Thereafter	139,700
Total lease payments (1)	$	229,900
Less: Interest (2)	106,000
Present value of lease liabilities	$	123,900

(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.