Commitments and Contingencies (Tables)

12 Months Ended

Oct. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Company purchase commitments

Information regarding our land purchase contracts at October 31, 2024 and 2023, is provided in the table below (amounts in thousands):

	2024		2023
Aggregate purchase price:
Unrelated parties	$	6,073,847	$	4,191,160
Unconsolidated entities that the Company has investments in	26,783		31,477
Total	$	6,100,630	$	4,222,637
Deposits against aggregate purchase price	$	549,195	$	449,925
Additional cash required to acquire land	5,551,435		3,772,712
Total	$	6,100,630	$	4,222,637
Amount of additional cash required to acquire land included in accrued expenses	$	382,277	$	254,030

Company mortgage commitments

Information regarding our mortgage commitments at October 31, 2024 and 2023, is provided in the table below (amounts in thousands):

	2024		2023
Aggregate mortgage loan commitments:
IRLCs	$	168,829	$	354,716
Non-IRLCs	1,668,455		1,818,486
Total	$	1,837,284	$	2,173,202
Investor commitments to purchase:
IRLCs	$	168,829	$	354,716
Mortgage loans receivable	182,834		104,703
Total	$	351,663	$	459,419

Lessee, Operating Lease, Liability, to be Paid, Maturity

Information regarding our remaining lease payments as of October 31, 2024 is provided in the table below (amounts in thousands):

Year ended October 31,
2025	$	25,000
2026	23,100
2027	19,400
2028	16,100
2029	11,800
Thereafter	138,600
Total lease payments (1)	234,000
Less: Interest (2)	105,400
Present value of lease liabilities	$	128,600

(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.