Accrued Expenses

9 Months Ended

Jul. 31, 2025

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

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

	July 31, 2025		October 31, 2024
Land development and construction	$	280,427	$	356,613
Liabilities related to consolidated inventory not owned	762,934		388,778
Compensation and employee benefits	196,663		208,394
Escrow liability associated with our wholly owned captive title company	77,307		62,038
Self-insurance	253,736		242,306
Warranty	195,393		189,258
Lease liabilities	129,318		128,588
Deferred income	53,913		51,138
Interest	32,685		29,669
Commitments to unconsolidated entities	43,580		38,661
Other	56,431		57,405
	$	2,082,387	$	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 July 31,				Nine months ended July 31,
	2025		2024		2025		2024
Balance, beginning of period	$	192,613	$	206,717	$	189,258	$	206,171
Additions – homes closed during the period	11,754		9,748		31,550		24,714
Change in accruals for homes closed in prior years – net	1,455		6,132		5,770		18,277
Charges incurred	(10,429)		(11,617)		(31,185)		(38,182)
Balance, end of period	$	195,393	$	210,980	$	195,393	$	210,980