v3.26.1
Stockholders' Equity
 6 Months Ended
Apr. 30, 2026
Equity [Abstract]  
Stockholders’ Equity Stockholders’ Equity
Stock Repurchase Program
From time to time, our Board of Directors authorizes the repurchase of shares of our common stock in open market transactions, privately negotiated transactions (including accelerated share repurchases), issuer tender offers or other financial arrangements or transactions for general corporate purposes, including to obtain shares for the Company’s equity awards and other employee benefit plans. Most recently, on December 13, 2023, our Board of Directors authorized the repurchase of up to 20 million shares of our common stock and cancelled all open authorizations effective the same date. The Board of Directors did not fix any expiration date for this 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,
 2026202520262025
Number of shares purchased (in thousands)1,220 1,645 1,564 1,832 
Average price per share (1)
$143.72 $107.84 $144.39 $109.80 
Remaining authorization at April 30 (in thousands)
8,112 13,255 8,112 13,255 
(1)    Average price per share includes costs associated with the repurchases, including accrued excise taxes.
Cash Dividends
On March 11, 2026, our Board of Directors approved an increase in our quarterly dividend from $0.25 per share to $0.26 per share. During the three-month periods ended April 30, 2026 and 2025, we declared and paid cash dividends of $0.26 and $0.25 per share, respectively, to our shareholders. During the six-month periods ended April 30, 2026 and 2025, we declared and paid cash dividends of $0.51 and $0.48 per share, respectively, to our shareholders.
Accumulated Other Comprehensive Income
The changes in each component of accumulated other comprehensive income (“AOCI”), for the periods indicated, were as follows (amounts in thousands):
Three months ended April 30,Six months ended April 30,
2026202520262025
Employee Retirement Plans
Beginning balance$1,446 $1,171 $1,281 $1,018 
Losses reclassified from AOCI to net income (1)
220 206 441 411 
Less: Tax benefit (2)
(56)(52)(112)(104)
Net losses reclassified from AOCI to net income164 154 329 307 
Other comprehensive income – net of tax164 154 329 307 
Ending balance$1,610 $1,325 $1,610 $1,325 
Derivative Instruments
Beginning balance$19,410 $29,201 $20,991 $30,259 
Gains on derivative instruments— 98 — 765 
Less: Tax expense— (25)— (193)
Net gains on derivative instruments— 73 — 572 
Gains reclassified from AOCI to net income (3)
(2,704)(3,305)(4,819)(5,388)
Less: Tax expense (2)
686 836 1,220 1,362 
Net gains reclassified from AOCI to net income(2,018)(2,469)(3,599)(4,026)
Other comprehensive loss – net of tax(2,018)(2,396)(3,599)(3,454)
Ending balance$17,392 $26,805 $17,392 $26,805 
Total AOCI ending balance$19,002 $28,130 $19,002 $28,130 
(1) Reclassified to “Other income – net”
(2) Reclassified to “Income tax provision”
(3) Reclassified to “Cost of revenues – home sales”