Summary Consolidated Quarterly Financial Data (Unaudited) Summary Consolidated Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Oct. 31, 2022

Summary Consolidated Quarterly Financial Data (Unaudited) [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

The table below provides summary income statement data for each quarter of fiscal 2022 and 2021 (amounts in thousands, except per share data):

	Three Months Ended
	October 31		July 31		April 30		January 31
Fiscal 2022:
Revenue:
Home sales	$	3,580,952	$	2,256,337	$	2,186,529	$	1,687,352
Land sales and other	$	131,182	$	238,465	$	91,012	$	103,729
Gross profit:
Home sales	$	963,038	$	585,634	$	527,264	$	397,825
Land sales and other	$	1,571	$	8,904	$	(1,969)	$	4,112
Income before income taxes (1)	$	841,144	$	365,951	$	295,815	$	200,816
Net income (1)	$	640,536	$	273,467	$	220,593	$	151,904
Earnings per share (2)
Basic	$	5.67	$	2.37	$	1.87	$	1.26
Diluted	$	5.63	$	2.35	$	1.85	$	1.24
Weighted-average number of shares
Basic	112,914		115,334		117,839		120,996
Diluted	113,793		116,326		118,925		122,858
Fiscal 2021:
Revenue:
Home sales	$	2,950,417	$	2,234,365	$	1,836,260	$	1,410,704
Land sales and other	$	90,963	$	21,116	$	93,864	$	152,672
Gross profit
Home sales	$	694,373	$	508,241	$	401,767	$	288,911
Land sales and other	$	4,490	$	2,407	$	1,773	$	40,938
Income before income taxes	$	499,689	$	303,395	$	169,826	$	127,405
Net income	$	374,330	$	234,932	$	127,866	$	96,499
Earnings per share (2)
Basic	$	3.06	$	1.90	$	1.03	$	0.77
Diluted	$	3.02	$	1.87	$	1.01	$	0.76
Weighted-average number of shares
Basic	122,218		123,826		124,295		126,060
Diluted	124,057		125,610		125,999		127,562

(1) Included in our fourth quarter of fiscal 2022 is a $141.2 million net gain related to a favorable litigation settlement as further discussed in Note 15, “Other Income - Net”.

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