Accrued Expenses

3 Months Ended

Jan. 31, 2013

Accrued expenses at January 31, 2013 and October 31, 2012 consisted of the following (amounts in thousands):



	January 31, 2013		October 31, 2012
Land, land development and construction	$	119,804	$	124,731
Compensation and employee benefit	94,627		111,093
Insurance and litigation	102,135		101,908
Commitments to unconsolidated entities	2,164		2,135
Warranty	41,241		41,706
Interest	38,366		28,204
Other	69,315		66,573
	$	467,652	$	476,350

The Company accrues for expected warranty costs at the time each home is closed and title and possession are transferred to the home buyer. Warranty costs are accrued based upon historical experience. The table below provides, for the periods indicated, a reconciliation of the changes in the Company’s warranty accrual (amounts in thousands):



	Three months ended January 31,
	2013			2012
Balance, beginning of period	$	41,706		$	42,474
Additions – homes closed during the period	2,289			1,871
Addition – liabilities acquired				731
(Decrease) increase in accruals for homes closed in prior periods	(267		)	1,783
Charges incurred	(2,487		)	(3,750		)
Balance, end of period	$	41,241		$	43,109