Accrued Expenses (Tables)

3 Months Ended

Jan. 31, 2024

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses at January 31, 2024 and October 31, 2023 consisted of the following (amounts in thousands):

	January 31, 2024		October 31, 2023
Land, land development, and construction	$	529,185	$	555,146
Compensation and employee benefits	159,617		212,684
Escrow liability associated with our wholly owned captive title company	41,905		42,451
Self-insurance	231,574		230,688
Warranty	202,920		206,171
Lease liabilities	123,414		123,866
Deferred income	54,776		52,907
Interest	31,302		30,044
Commitments to unconsolidated entities	32,099		29,212
Other	56,754		65,612
	$	1,463,546	$	1,548,781

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 January 31,
	2024		2023
Balance, beginning of period	$	206,171	$	164,409
Additions – homes closed during the period	5,822		7,186
Change in accruals for homes closed in prior years – net	2,801		2,096
Charges incurred	(11,874)		(16,796)
Balance, end of period	$	202,920	$	156,895