Commitments and Contingencies (Tables)

6 Months Ended

Apr. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Information regarding our remaining lease payments as of April 30, 2020 is provided in the table below (amounts in thousands):

Year ended April 30, 2020
2020 (a)	$	8,455
2021	19,327
2022	17,437
2023	15,039
2024	12,133
Thereafter	213,509
Total lease payments (b)	285,900
Less: Interest (c)	158,146
Present value of lease liabilities	$	127,754

(a) Remaining payments are for the six months ending October 31, 2020

(b) Lease payments include options to extend lease terms that are reasonably certain of being exercised

(c) Our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our discount rate for such leases to determine the present value of lease payments at the lease commencement date.

Company land purchase commitments

Information regarding our land purchase commitments, as of the dates indicated, is provided in the table below (amounts in thousands):

	April 30, 2020		October 31, 2019
Aggregate purchase commitments:
Unrelated parties	$	2,607,742	$	2,349,900
Unconsolidated entities that the Company has investments in	7,776		10,826
Total	$	2,615,518	$	2,360,726
Deposits against aggregate purchase commitments	$	189,705	$	168,778
Additional cash required to acquire land	2,425,813		2,191,948
Total	$	2,615,518	$	2,360,726
Amount of additional cash required to acquire land included in accrued expenses	$	14,582	$	14,620

Company mortgage commitments

Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands):

	April 30, 2020		October 31, 2019
Aggregate mortgage loan commitments:
IRLCs	$	537,787	$	565,634
Non-IRLCs	1,686,419		1,364,972
Total	$	2,224,206	$	1,930,606
Investor commitments to purchase:
IRLCs	$	537,787	$	565,634
Mortgage loans held for sale	129,648		208,591
Total	$	667,435	$	774,225