Accrued Expenses

6 Months Ended

Apr. 30, 2025

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses at April 30, 2025 and October 31, 2024 consisted of the following (amounts in thousands):

	April 30, 2025		October 31, 2024
Land development and construction	$	327,227	$	356,613
Liabilities related to consolidated inventory not owned	773,055		388,778
Compensation and employee benefits	179,351		208,394
Escrow liability associated with our wholly owned captive title company	69,752		62,038
Self-insurance	245,293		242,306
Warranty	192,613		189,258
Lease liabilities	129,307		128,588
Deferred income	52,370		51,138
Interest	30,986		29,669
Commitments to unconsolidated entities	38,873		38,661
Other	49,761		57,405
	$	2,088,588	$	1,752,848

The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands):

	Three months ended April 30,				Six months ended April 30,
	2025		2024		2025		2024
Balance, beginning of period	$	189,374	$	202,920	$	189,258	$	206,171
Additions – homes closed during the period	11,654		9,143		19,796		14,965
Change in accruals for homes closed in prior years – net	1,091		9,344		4,315		12,145
Charges incurred	(9,506)		(14,690)		(20,756)		(26,564)
Balance, end of period	$	192,613	$	206,717	$	192,613	$	206,717