Accrued Expenses (Tables)

3 Months Ended

Jan. 31, 2025

Payables and Accruals [Abstract]

Accrued Expenses

Accrued expenses at January 31, 2025 and October 31, 2024 consisted of the following (amounts in thousands):

	January 31, 2025		October 31, 2024
Land, land development, and construction	$	328,298	$	356,613
Liabilities related to consolidated inventory not owned	527,191		388,778
Compensation and employee benefits	172,071		208,394
Escrow liability associated with our wholly owned captive title company	74,125		62,038
Self-insurance	236,026		242,306
Warranty	189,374		189,258
Lease liabilities	127,207		128,588
Deferred income	50,693		51,138
Interest	31,954		29,669
Commitments to unconsolidated entities	44,550		38,661
Other	49,212		57,405
	$	1,830,701	$	1,752,848

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,
	2025		2024
Balance, beginning of period	$	189,258	$	206,171
Additions – homes closed during the period	8,142		5,822
Change in accruals for homes closed in prior years – net	3,224		2,801
Charges incurred	(11,250)		(11,874)
Balance, end of period	$	189,374	$	202,920