Accumulated Other Comprehensive Loss The changes in each component of accumulated other comprehensive loss (“AOCL”), for the periods indicated, were as follows (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended April 30, | | Six months ended April 30, | | 2021 | | 2020 | | 2021 | | 2020 | Employee Retirement Plans | | | | | | | | Beginning balance | $ | (6,864) | | | $ | (5,553) | | | $ | (7,198) | | | $ | (5,831) | | Gains (losses) arising during the period | — | | | — | | | — | | | — | | Less: Tax (expense) benefit | — | | | — | | | — | | | — | | Net gains (losses) arising during the period | — | | | — | | | — | | | — | | Gains reclassified from AOCL to net income (1) | 450 | | | 373 | | | 900 | | | 746 | | Less: Tax expense (2) | (115) | | | (95) | | | (231) | | | (190) | | Net gains reclassified from AOCL to net income | 335 | | | 278 | | | 669 | | | 556 | | Other comprehensive income, net of tax | 335 | | | 278 | | | 669 | | | 556 | | Ending balance | $ | (6,529) | | | $ | (5,275) | | | $ | (6,529) | | | $ | (5,275) | | Derivative Instruments | | | | | | | | Beginning balance | $ | 378 | | | $ | — | | | $ | — | | | $ | — | | Gains on derivative instruments | 5,474 | | | — | | | 5,972 | | | — | | Less: Tax expense | (1,395) | | | — | | | (1,523) | | | — | | Net gains on derivative instruments | 4,079 | | | — | | | 4,449 | | | — | | Gains reclassified from AOCL to net income (3) | 32 | | | — | | | 42 | | | — | | Less: Tax expense (2) | (8) | | | — | | | (10) | | | — | | Net gains reclassified from AOCL to net income | 24 | | | — | | | 32 | | | — | | Other comprehensive income, net of tax | 4,103 | | | — | | | 4,481 | | | — | | Ending balance | $ | 4,481 | | | $ | — | | | $ | 4,481 | | | $ | — | | Total AOCL ending balance | $ | (2,048) | | | $ | (5,275) | | | $ | (2,048) | | | $ | (5,275) | |
(1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”
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