XML 53 R37.htm IDEA: XBRL DOCUMENT v3.21.2
Commitments and Contingencies (Tables)
12 Months Ended
Oct. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Company purchase commitments Information regarding our land purchase commitments at October 31, 2021 and 2020, is provided in the table below (amounts in thousands):
20212020
Aggregate purchase commitments:  
Unrelated parties$4,442,804 $2,630,128 
Unconsolidated entities that the Company has investments in9,953 10,097 
Total$4,452,757 $2,640,225 
Deposits against aggregate purchase commitments$336,363 $223,571 
Additional cash required to acquire land4,116,394 2,416,654 
Total$4,452,757 $2,640,225 
Amount of additional cash required to acquire land included in accrued expenses$37,447 $19,590 
Company mortgage commitments Information regarding our mortgage commitments at October 31, 2021 and 2020, is provided in the table below (amounts in thousands):
20212020
Aggregate mortgage loan commitments:  
IRLCs$528,127 $381,116 
Non-IRLCs2,705,772 1,688,801 
Total$3,233,899 $2,069,917 
Investor commitments to purchase:  
IRLCs$528,127 $381,116 
Mortgage loans receivable244,376 217,876 
Total$772,503 $598,992 
Lessee, Operating Lease, Liability, Maturity
Information regarding our remaining lease payments as of October 31, 2021 is provided in the table below (amounts in thousands):
Year ended October 31,
2022$18,616 
202315,920 
202413,365 
202510,880 
20269,243 
Thereafter217,089 
Total lease payments (1)
$285,113 
Less: Interest (2)
168,865 
Present value of lease liabilities$116,248 
(1)    Lease payments include options to extend lease terms that are reasonably certain of being exercised.
(2)    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.