Accrued Expenses (Tables)

6 Months Ended

Apr. 30, 2024

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses at April 30, 2024 and October 31, 2023 consisted of the following (amounts in thousands):

	April 30, 2024		October 31, 2023
Land development and construction	$	310,387	$	286,516
Liabilities related to consolidated inventory not owned	356,500		268,630
Compensation and employee benefits	184,922		212,684
Escrow liability associated with our wholly owned captive title company	52,704		42,451
Self-insurance	227,152		230,688
Warranty	206,717		206,171
Lease liabilities	122,197		123,866
Deferred income	54,334		52,907
Interest	29,930		30,044
Commitments to unconsolidated entities	32,619		29,212
Other	59,260		65,612
	$	1,636,722	$	1,548,781

Changes in the warranty accrual

The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands):

	Three months ended April 30,				Six months ended April 30,
	2024		2023		2024		2023
Balance, beginning of period	$	202,920	$	156,895	$	206,171	$	164,409
Additions – homes closed during the period	9,143		10,084		14,965		17,270
Change in accruals for homes closed in prior years – net	9,344		(73)		12,145		2,023
Charges incurred	(14,690)		(17,511)		(26,564)		(34,307)
Balance, end of period	$	206,717	$	149,395	$	206,717	$	149,395