Summary Consolidated Quarterly Financial Data (Unaudited)

12 Months Ended

Oct. 31, 2015

Summary Consolidated Quarterly Financial Data (Unaudited) [Abstract]

Quarterly Financial Information [Text Block]

Summary Consolidated Quarterly Financial Data (Unaudited)

The table below provides summary income statement data for each quarter of fiscal 2015 and 2014 (amounts in thousands, except per share data):

	Three Months Ended,
	October 31		July 31		April 30		January 31
Fiscal 2015:
Revenue	$	1,437,202	$	1,028,011	$	852,583	$	853,452
Gross profit (a)	$	320,870	$	203,617	$	174,071	$	203,420
Income before income taxes	$	217,543	$	107,464	$	86,532	$	124,023
Net income	$	147,163	$	66,749	$	67,930	$	81,325
Income per share (b)
Basic	$	0.83	$	0.38	$	0.38	$	0.46
Diluted	$	0.80	$	0.36	$	0.37	$	0.44
Weighted-average number of shares
Basic	176,370		176,797		176,458		176,076
Diluted	184,736		185,133		184,838		184,107
Fiscal 2014:
Revenue	$	1,350,690	$	1,056,857	$	860,374	$	643,681
Gross profit (a)	$	288,115	$	239,625	$	172,376	$	129,649
Income before income taxes	$	188,538	$	151,325	$	93,484	$	71,235
Net income	$	131,524	$	97,707	$	65,222	$	45,580
Income per share (b)
Basic	$	0.74	$	0.55	$	0.37	$	0.26
Diluted	$	0.71	$	0.53	$	0.35	$	0.25
Weighted-average number of shares
Basic	177,540		178,217		178,082		176,474
Diluted	185,669		186,501		186,442		184,888

(a) Gross profit in the third quarter and fourth quarter of fiscal 2015 included charges, net of reversals, of $4.9 million and $8.2 million, respectively, associated with stucco-related claims, construction claims, and litigation. Gross profit in the fourth quarter of 2014 included charges of $32.0 million associated with such items. See Note 7, “Accrued Expenses,” for additional information regarding certain of these charges.

(b) Due to rounding, the sum of the quarterly earnings per share amounts may not equal the reported earnings per share for the year.