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

12 Months Ended

Oct. 31, 2023

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 2023 and 2022 (amounts in thousands, except per share data):

	Three Months Ended
	October 31		July 31		April 30		January 31
Fiscal 2023:
Revenue:
Home sales	$	2,951,904	$	2,674,602	$	2,490,098	$	1,749,422
Land sales and other	$	68,243	$	13,040	$	16,881	$	30,747
Gross profit (loss):
Home sales	$	810,375	$	742,653	$	657,220	$	448,499
Land sales and other	$	(10,351)	$	1,462	$	(3,969)	$	(11,688)
Income before income taxes	$	604,966	$	553,017	$	430,592	$	253,796
Net income	$	445,536	$	414,789	$	320,216	$	191,530
Earnings per share (2)
Basic	$	4.15	$	3.77	$	2.88	$	1.72
Diluted	$	4.11	$	3.73	$	2.85	$	1.70
Weighted-average number of shares
Basic	107,465		110,003		111,214		111,397
Diluted	108,388		111,123		112,184		112,336
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 (loss):
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

(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.