Stock repurchase program |
The table below provides, for the periods indicated, information about our share repurchase programs: | | | | | | | | | | | | | | | | | | | | | | Three months ended April 30, | Six months ended April 30, | | 2023 | | 2022 | 2023 | | 2022 | Number of shares purchased (in thousands) | 1,443 | | | 2,205 | | 1,630 | | | 5,219 | | Average price per share | $ | 58.14 | | | $ | 48.30 | | $ | 57.20 | | | $ | 56.01 | | Remaining authorization at April 30 (in thousands) | 12,947 | | | 7,344 | | 12,947 | | | 7,344 | |
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Schedule of Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss) The changes in each component of accumulated other comprehensive income (loss) (“AOCI”), for the periods indicated, were as follows (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended April 30, | | Six months ended April 30, | | 2023 | | 2022 | | 2023 | | 2022 | Employee Retirement Plans | | | | | | | | Beginning balance | $ | 2,492 | | | $ | (5,685) | | | $ | 2,475 | | | $ | (6,024) | | | | | | | | | | | | | | | | | | | | | | | | | | Losses reclassified from AOCI to net income (1) | 24 | | | 451 | | | 47 | | | 903 | | Less: Tax benefit (2) | (6) | | | (113) | | | (12) | | | (226) | | Net losses reclassified from AOCI to net income | 18 | | | 338 | | | 35 | | | 677 | | Other comprehensive loss – net of tax | 18 | | | 338 | | | 35 | | | 677 | | Ending balance | $ | 2,510 | | | $ | (5,347) | | | $ | 2,510 | | | $ | (5,347) | | Derivative Instruments | | | | | | | | Beginning balance | $ | 31,662 | | | $ | 11,496 | | | $ | 35,143 | | | $ | 7,133 | | Gains (losses) on derivative instruments | 588 | | | 17,616 | | | (3,709) | | | 23,363 | | Less: Tax (expense) benefit | (138) | | | (4,425) | | | 948 | | | (5,866) | | Net gains (losses) on derivative instruments | 450 | | | 13,191 | | | (2,761) | | | 17,497 | | (Gains) losses reclassified from AOCI to net income (3) | (1,000) | | | 106 | | | (1,362) | | | 182 | | Less: Tax expense (benefit) (2) | 253 | | | (27) | | | 345 | | | (46) | | Net (gains) losses reclassified from AOCI to net income | (747) | | | 79 | | | (1,017) | | | 136 | | Other comprehensive (income) loss – net of tax | (297) | | | 13,270 | | | (3,778) | | | 17,633 | | Ending balance | $ | 31,365 | | | $ | 24,766 | | | $ | 31,365 | | | $ | 24,766 | | | | | | | | | | Total AOCI ending balance | $ | 33,875 | | | $ | 19,419 | | | $ | 33,875 | | | $ | 19,419 | |
(1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”
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