Accrued Expenses (Tables)

9 Months Ended

Jul. 31, 2024

Payables and Accruals [Abstract]

Accrued expenses

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

	July 31, 2024		October 31, 2023
Land, land development, and construction	$	341,866	$	286,516
Liabilities related to consolidated inventory not owned	440,276		268,630
Compensation and employee benefits	193,924		212,684
Escrow liability associated with our wholly owned captive title company	66,199		42,451
Self-insurance	222,567		230,688
Warranty	210,980		206,171
Lease liabilities	127,423		123,866
Deferred income	52,650		52,907
Interest	30,368		30,044
Commitments to unconsolidated entities	38,069		29,212
Other	53,231		65,612
	$	1,777,553	$	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 July 31,				Nine months ended July 31,
	2024		2023		2024		2023
Balance, beginning of period	$	206,717	$	149,395	$	206,171	$	164,409
Additions – homes closed during the period	9,748		12,395		24,714		29,666
Change in accruals for homes closed in prior years – net	6,132		3,995		18,277		6,018
Charges incurred	(11,617)		(20,334)		(38,182)		(54,642)
Balance, end of period	$	210,980	$	145,451	$	210,980	$	145,451