Toll Brothers (TOL) 10-Q 7 Mar 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jan. 31, 2017	Mar. 03, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	TOLL BROTHERS INC
Entity Central Index Key	794,170
Current Fiscal Year End Date	--10-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jan. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		162,603,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
ASSETS
Cash and cash equivalents	$ 373,469	$ 633,715
Restricted cash and investments	12,445	31,291
Inventory	7,539,974	7,353,967
Property, construction and office equipment, net	172,459	169,576
Receivables, prepaid expenses and other assets	512,974	582,758
Mortgage loans held for sale	85,765	248,601
Customer deposits held in escrow	58,012	53,057
Investments in and advances to unconsolidated entities	601,696	496,411
Deferred tax assets, net of valuation allowances	160,006	167,413
Total assets	9,516,800	9,736,789
Liabilities:
Loans payable	879,894	871,079
Senior notes	2,695,524	2,694,372
Mortgage company loan facility	57,040	210,000
Customer deposits	344,150	309,099
Accounts payable	258,694	281,955
Accrued expenses	940,102	1,072,300
Income taxes payable	20,372	62,782
Total liabilities	5,195,776	5,501,587
Stockholders' equity:
Preferred stock, none issued	0	0
Common stock, 177,937 shares issued at January 31, 2017 and October 31, 2016, respectively	1,779	1,779
Additional paid-in capital	718,861	728,464
Retained earnings	4,047,713	3,977,297
Treasury stock, at cost - 15,431 and 16,154 shares at January 31, 2017 and October 31, 2016, respectively	(450,072)	(474,912)
Accumulated other comprehensive loss	(3,167)	(3,336)
Total stockholders' equity	4,315,114	4,229,292
Noncontrolling interest	5,910	5,910
Total equity	4,321,024	4,235,202
Total liabilities and stockholders' equity	$ 9,516,800	$ 9,736,789

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Jan. 31, 2017	Oct. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, shares issued	0	0
Common stock, shares issued	177,937	177,937
Treasury stock, at cost	15,431	16,154

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Revenues	$ 920,730	$ 928,566
Cost of revenues	733,002	712,311
Selling, general and administrative	137,095	121,796
Total	870,097	834,107
Income from operations	50,633	94,459
Other:
Income from unconsolidated entities	46,445	8,638
Other income - net	12,703	13,720
Income before income taxes	109,781	116,817
Income tax provision (benefit)	39,365	43,637
Net income	70,416	73,180
Other comprehensive (loss) income, net of tax:
Change in pension liability	169	(288)
Change in unrealized income (loss) on derivative held by equity investee		27
Other comprehensive (loss) income	169	(261)
Total comprehensive income	$ 70,585	$ 72,919
Income per share:
Basic	$ 0.43	$ 0.42
Diluted	$ 0.42	$ 0.40
Weighted average number of shares:
Basic	162,588	174,205
Diluted	170,417	182,391

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Cash flow used in operating activities:
Net income	$ 70,416	$ 73,180
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	6,030	5,533
Stock-based compensation	9,329	9,223
Excess tax benefits from stock-based compensation	(253)	(297)
Income (Loss) from unconsolidated entities	(46,445)	(8,638)
Distributions of earnings from unconsolidated entities	48,581	3,870
Income from distressed loans and foreclosed real estate	(630)	(1,553)
Deferred tax provision (benefit)	2,328	587
Deferred tax valuation allowances	36	148
Inventory impairments and write-offs	4,661	1,281
Other	2,544	658
Changes in operating assets and liabilities
Increase in inventory	(135,782)	(173,440)
Origination of mortgage loans	(232,721)	(215,674)
Sale of mortgage loans	393,393	265,703
(Increase) decrease in restricted cash and investments	18,846	(12,555)
(Increase) decrease in receivables, prepaid expenses and other assets	83,815	(9,546)
Increase in customer deposits	30,096	14,776
(Decrease) increase in accounts payable and accrued expenses	(170,123)	17,523
Increase (decrease) in income taxes payable	(42,157)	5,996
Net Cash Used in Operating Activities, Continuing Operations	41,964	(23,225)
Cash flow provided by investing activities:
Purchase of property and equipment - net	(6,314)	(1,593)
Sale and redemption of marketable securities		10,000
Investment in and advances to unconsolidated entities	(99,941)	(11,838)
Return of investments in unconsolidated entities	33,253	14,804
Investment in distressed loans and foreclosed real estate	(274)	(694)
Return of investments in distressed loans and foreclosed real estate	1,852	5,321
Acquisition of a business, net of cash acquired	(85,183)
Net Cash Provided By Investing Activities, Continuing Operations	(156,607)	16,000
Cash flow (used in) provided by financing activities:
Debt issuance costs for senior notes		(64)
Proceeds from loans payable	360,382	339,854
Principal payments of loans payable	(516,833)	(770,539)
Proceeds from stock-based benefit plans	25,831	4,769
Excess Tax Benefit from Share-based Compensation, Financing Activities	253	297
Purchase of treasury stock	(15,236)	(150,135)
(Payments) receipts related to noncontrolling interest, net		294
Net Cash Used in Financing Activities, Continuing Operations	(145,603)	(575,524)
Net decrease in cash and cash equivalents	(260,246)	(582,749)
Cash and cash equivalents, beginning of period	633,715	918,993
Cash and cash equivalents, end of period	$ 373,469	$ 336,244

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Jan. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of Toll Brothers, Inc. (the “Company,” “we,” “us,” or “our”), a Delaware corporation, and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Investments in 50% or less owned partnerships and affiliates are accounted for using the equity method unless it is determined that we have effective control of the entity, in which case we would consolidate the entity. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The October 31, 2016 balance sheet amounts and disclosures included herein have been derived from our October 31, 2016 audited financial statements. Since the accompanying condensed consolidated financial statements do not include all the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements, we suggest that they be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2016 (“2016 Form 10-K”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary to present fairly our financial position as of January 31, 2017 ; the results of our operations for the three -month periods ended January 31, 2017 and 2016 ; and our cash flows for the three -month periods ended January 31, 2017 and 2016 . The results of operations for such interim periods are not necessarily indicative of the results to be expected for the full year. Acquisition In November 2016, we acquired substantially all of the assets and operations of Coleman Real Estate Holdings, LLC (“Coleman”) for $85.2 million in cash. The assets acquired were primarily inventory, including approximately 1,750 home sites owned or controlled through land purchase agreements. As part of the acquisition, we assumed contracts to deliver 128 homes with an aggregate value of $38.8 million . The average price of the undelivered homes at the date of acquisition was approximately $303,000 . Our selling community count increased by 15 communities at the acquisition date. The acquisition of Coleman’s assets and operations was not material to our results of operations or financial condition. Recent Accounting Pronouncements In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-05, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customers’ Accounting for Fees Paid in a Cloud Computing Arrangement” (“ASU 2015-05”). ASU 2015-05 provides guidance for a customer to determine whether a cloud computing arrangement contains a software license or should be accounted for as a service contract. We adopted ASU 2015-05 on November 1, 2016, and we elected to adopt the standard prospectively. The adoption did not have a material effect on our consolidated financial statements or disclosures. In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis” (“ASU 2015-02”), which eliminates the deferral granted to investment companies from applying the variable interest entities (“VIEs”) guidance and makes targeted amendments to the current consolidation guidance. The new guidance applies to all entities involved with limited partnerships or similar entities and will require re-evaluation of these entities under the revised guidance which may change previous consolidation conclusions. We adopted ASU 2015-02 on November 1, 2016, and the adoption did not have a material effect on our consolidated financial statements or disclosures. In February 2017, the FASB issued ASU No. 2017-05, “Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets” (“ASU 2017-05”). ASU 2017-05 is meant to clarify the scope of the original guidance within Subtopic 610-20 that was issued in connection with ASU 2014-09, as defined below, which provides guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with noncustomers. ASU 2017-05 additionally added guidance for partial sales of nonfinancial assets. ASU 2017-05 is effective for our fiscal year beginning November 1, 2018 and we are required to adopt ASU 2017-05 concurrent with the adoption of ASU 2014-09. We are currently evaluating the impact that the adoption of ASU 2017-05 may have on our consolidated financial statements and disclosures. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business” (“ASU 2017-01”), which provides a more robust framework for determining whether transactions should be accounted for as acquisitions of assets (or disposals) or businesses. ASU 2017-01 is effective for our fiscal year beginning November 1, 2018. We are currently evaluating the impact that the adoption of ASU 2017-01 may have on our consolidated financial statements and disclosures. In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 simplifies several aspects related to the accounting for share-based payment transactions, including the accounting for income taxes and forfeitures, statutory tax withholding requirements and classification on the statement of cash flows. ASU 2016-09 is effective for our fiscal year beginning November 1, 2017. We are currently evaluating the impact that the adoption of ASU 2016-09 may have on our consolidated financial statements and disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases” (“ASU 2016-02”), which requires an entity to recognize assets and liabilities on the balance sheet for the rights and obligations created by leased assets and provide additional disclosures. ASU 2016-02 is effective for our fiscal year beginning November 1, 2019, and, at that time, we will adopt the new standard using a modified retrospective approach. We are currently evaluating the impact that the adoption of ASU 2016-02 may have on our consolidated financial statements and disclosures. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which provides guidance for revenue recognition. ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets. ASU 2014-09 supersedes the revenue recognition requirements in Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition,” and most industry-specific guidance. ASU 2014-09 also supersedes some cost guidance included in ASC Subtopic 605-35, “Revenue Recognition—Construction-Type and Production-Type Contracts.” The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under the current guidance. These judgments and estimates include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price, and allocating the transaction price to each separate performance obligation. In August 2015, the FASB issued ASU 2015-14 “Revenue from Contracts with Customers” (“ASU 2015-14”), which delays the effective date of ASU 2014-09 by one year. ASU 2014-09, as amended by ASU 2015-14, is effective for our fiscal year beginning November 1, 2018, and, at that time, we expect to adopt the new standard under the modified retrospective approach. We do not believe the adoption of ASU 2014-09 will have a material impact on the amount or timing of our home building revenues. We are continuing to evaluate the impact the adoption of ASU 2014-09 may have on other aspects of our business and on our consolidated financial statements and disclosures.

Inventory

Inventory	3 Months Ended
	Jan. 31, 2017
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory at January 31, 2017 and October 31, 2016 consisted of the following (amounts in thousands): January 31, October 31, Land controlled for future communities $ 72,075 $ 71,729 Land owned for future communities 1,620,763 1,884,146 Operating communities 5,847,136 5,398,092 $ 7,539,974 $ 7,353,967 Operating communities include communities offering homes for sale, communities that have sold all available home sites but have not completed delivery of the homes, communities that were previously offering homes for sale but are temporarily closed due to business conditions or non-availability of improved home sites and that are expected to reopen within 12 months of the end of the fiscal period being reported on, and communities preparing to open for sale. The carrying value attributable to operating communities includes the cost of homes under construction, land and land development costs, the carrying cost of home sites in current and future phases of these communities, and the carrying cost of model homes. Communities that were previously offering homes for sale but are temporarily closed due to business conditions, do not have any remaining backlog and are not expected to reopen within 12 months of the end of the fiscal period being reported on have been classified as land owned for future communities. Information regarding the classification, number, and carrying value of these temporarily closed communities, as of the dates indicated, is provided in the table below: January 31, October 31, Land owned for future communities: Number of communities 13 18 Carrying value (in thousands) $ 103,607 $ 123,936 Operating communities: Number of communities 6 3 Carrying value (in thousands) $ 39,237 $ 8,523 The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands): Three months ended January 31, 2017 2016 Land controlled for future communities $ 661 $ 381 Land owned for future communities 300 Operating communities 4,000 600 $ 4,661 $ 1,281 See Note 11, “Fair Value Disclosures,” for information regarding the number of operating communities that we tested for potential impairment, the number of operating communities in which we recognized impairment charges, the amount of impairment charges recognized, and the fair values of those communities, net of impairment charges. At January 31, 2017 , we evaluated our land purchase contracts to determine whether any of the selling entities were VIEs and, if they were, whether we were the primary beneficiary of any of them. Under these land purchase contracts, we do not possess legal title to the land; our risk is generally limited to deposits paid to the sellers and predevelopment costs incurred; and the creditors of the sellers generally have no recourse against us. At January 31, 2017 , we determined that 82 land purchase contracts, with an aggregate purchase price of $964.4 million , on which we had made aggregate deposits totaling $46.7 million , were VIEs, and that we were not the primary beneficiary of any VIE related to our land purchase contracts. At October 31, 2016 , we determined that 78 land purchase contracts, with an aggregate purchase price of $987.3 million , on which we had made aggregate deposits totaling $44.1 million , were VIEs and that we were not the primary beneficiary of any VIE related to our land purchase contracts. Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Three months ended January 31, 2017 2016 Interest capitalized, beginning of period $ 369,419 $ 373,128 Interest incurred 41,774 40,107 Interest expensed to cost of revenues (27,928 ) (32,023 ) Write-off against other income (42 ) (275 ) Interest capitalized on investments in unconsolidated entities (2,394 ) (1,007 ) Previously capitalized interest transferred to investments in unconsolidated entities (4,030 ) — Previously capitalized interest on investments in unconsolidated entities transferred to inventory 81 Interest capitalized, end of period $ 376,880 $ 379,930

Investments in Unconsolidated E

Investments in Unconsolidated Entities	3 Months Ended
	Jan. 31, 2017
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities We have investments in various unconsolidated joint venture entities. These joint ventures (i) develop land for the joint venture participants and for sale to outside builders (“Land Development Joint Ventures”); (ii) develop for-sale homes (“Home Building Joint Ventures”); (iii) develop luxury for-rent residential apartments, commercial space, and a hotel (“Rental Property Joint Ventures”), which includes our investment in Toll Brothers Realty Trust (the “Trust”); and (iv) invest in distressed loans and real estate and provide financing to residential builders and developers for the acquisition and development of land and home sites (“Gibraltar Joint Ventures”). The table below provides information as of January 31, 2017 , regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands): Land Home Building Rental Property Gibraltar Total Number of unconsolidated entities 7 4 13 4 28 Investment in unconsolidated entities $ 300,124 $ 130,487 $ 149,599 $ 21,486 $ 601,696 Number of unconsolidated entities with funding commitments by the Company 5 1 3 1 10 Company’s remaining funding commitment to unconsolidated entities $ 43,794 $ 8,300 $ 3,850 $ 9,621 $ 65,565 Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at January 31, 2017 , regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 3 1 11 15 Aggregate loan commitments $ 275,000 $ 236,500 $ 1,002,866 $ 1,514,366 Amounts borrowed under loan commitments $ 237,626 $ 57,548 $ 708,174 $ 1,003,348 More specific and/or recent information regarding our investments in, advances to, and future commitments to these entities is provided below. Land Development Joint Ventures During the three months ended January 31, 2017 , our Land Development Joint Ventures sold approximately 303 lots and recognized revenues of $56.3 million . We acquired 102 of these lots for $25.0 million . Our share of the joint venture income from the lots we acquired of $3.7 million was deferred by reducing our basis in those lots acquired. During the three months ended January 31, 2016 , our Land Development Joint Ventures sold approximately 83 lots and recognized revenues of $12.6 million . We acquired 9 of these lots for $0.8 million . Our share of the income from the lots we acquired of $0.2 million was deferred by reducing our basis in those lots acquired. In the fourth quarter of fiscal 2015, we entered into a joint venture with an unrelated party to purchase and develop a parcel of land located in Irvine, California. The joint venture expects to develop approximately 840 home sites on this land in multiple phases. We have a 50% interest in this joint venture. The joint venture intends to develop the property and sell approximately 50% of the value of the home sites to each of the members of the joint venture. At January 31, 2017 , we had an investment of $170.2 million in this joint venture and were committed to make additional contributions to this joint venture of up to $12.5 million . To finance a portion of the land purchase, the joint venture entered into a $320.0 million purchase money mortgage with the seller. In December 2016, the joint venture entered into a $200.0 million building loan agreement and each member made a capital contribution of $80.0 million . A portion of the proceeds from the building loan in addition to the capital contributions made by the members were used to repay the purchase money mortgage. At January 31, 2017 , this joint venture had $186.7 million of outstanding borrowings under the building loan. Home Building Joint Ventures Our Home Building Joint Ventures are delivering homes in New York City and Jupiter, Florida. During the three months ended January 31, 2017 , our Home Building Joint Ventures delivered 87 homes with a sales value of $217.4 million . During the three months ended January 31, 2016 , our Home Building Joint Ventures delivered 19 homes with a sales value of $16.0 million . In December 2016, we entered into a joint venture with an unrelated party to complete the development of a high-rise luxury condominium project in New York City. Before the formation of this joint venture, we acquired the property and incurred approximately $176.0 million of land and land development costs. The joint venture, in which we have a 20% interest, purchased the property from us at our cost, a portion of which was financed by a $236.5 million construction loan obtained by the joint venture. From the sale and financing, we received proceeds of $148.0 million , of which $106.1 million had been held in escrow by our captive title company at October 31, 2016 and was included in “Receivables, prepaid expenses, and other assets” on our Condensed Consolidated Balance Sheet at October 31, 2016 . At January 31, 2017 , we had an investment of $30.0 million in this joint venture and the joint venture had $57.5 million of outstanding borrowings under the construction loan. Rental Property Joint Ventures As of January 31, 2017 , our Rental Property Joint Ventures owned 10 for-rent apartment projects, which are located in the metro Boston to metro Washington, D.C. corridor. At January 31, 2017 , our joint ventures had approximately 2,950 units that were occupied or ready for occupancy, 600 units in the lease-up stage, and 1,400 units under active development. In addition, we either own, have under contract, or under a letter of intent approximately 4,910 units, which are in the planning stage. We intend to develop these units with joint venture partners in the future. In the second quarter of fiscal 2016, we entered into a joint venture with an unrelated party to develop a 525 -unit luxury for-rent residential apartment building near Union Station in Washington, D.C. Prior to the formation of this joint venture, we acquired the land, through a 100%-owned entity, and incurred $35.1 million of land and land development costs. Our partner acquired a 50% interest in this entity for $20.2 million and we subsequently received cash of $18.7 million to align the capital accounts of each of the partners of the joint venture. In the third quarter of fiscal 2016, as a result of the sale of 50% of our interest to our partner, we recognized a gain of $3.0 million . Due to our continued involvement in the joint venture through our ownership interest, we deferred $3.0 million of the gain realized on the sale. At January 31, 2017 , we had an investment of $29.1 million in this joint venture and expect to make additional investments of approximately $0.8 million for the development of this project. In November 2016, the joint venture entered into a $130.6 million construction loan agreement. At January 31, 2017 , there were no outstanding borrowings under the construction loan agreement. In the fourth quarter of fiscal 2016, we entered into a joint venture with an unrelated party to develop a 390 -unit luxury for-rent residential apartment building in a Boston, Massachusetts suburb, on land that we were under contract to purchase. We have a 25% interest in this joint venture. In the fourth quarter of fiscal 2016, the joint venture entered into a $91.0 million construction loan agreement with a bank to finance the development of this project. At January 31, 2017 , there were no outstanding borrowings under the construction loan agreement. At January 31, 2017 , we had an investment of $9.3 million in this joint venture and expect to make additional investments of approximately $1.7 million for the development of this project. We have an investment in a joint venture in which we have a 50% interest to develop a luxury hotel in conjunction with a high-rise luxury condominium project in New York City being developed by a related Home Building Joint Venture. At January 31, 2017 , we had invested $40.5 million in this joint venture. In November 2014, this joint venture, along with the related Home Building Joint Venture, entered into a $160.0 million construction loan agreement to complete the construction of the condominiums and the hotel. In December 2016, this joint venture entered into an $80.0 million , three -year term loan agreement. The proceeds from the term loan, along with proceeds from the closing of condominium units at the Home Building Joint Venture, were used to repay the construction loan. At January 31, 2017 , this joint venture had $80.0 million of outstanding borrowings under the term loan. In 1998, we formed the Trust to invest in commercial real estate opportunities. The Trust is effectively owned one-third by us; one-third by current and former members of our senior management; and one-third by an unrelated party. As of January 31, 2017 , our investment in the Trust was zero as cumulative distributions received from the Trust have been in excess of the carrying amount of our net investment. We provide development, finance, and management services to the Trust and recognized fees under the terms of various agreements in the amount of $0.4 million in both the three -month periods ended January 31, 2017 and 2016 . In the first quarter of fiscal 2016 , we received a $2.0 million distribution from the Trust, which is included in “Income from unconsolidated entities” in our Condensed Consolidated Statement of Operations and Comprehensive Income. No distributions were received from the Trust in the first quarter of fiscal 2017. Gibraltar Joint Ventures In the second quarter of fiscal 2016, we, through our wholly owned subsidiary, Gibraltar Capital and Asset Management, LLC (“Gibraltar”), entered into two ventures with an institutional investor to provide builders and developers with land banking and venture capital. We have a 25% interest in these ventures. These ventures will finance builders’ and developers’ acquisition and development of land and home sites and pursue other complementary investment strategies. We may invest up to $100.0 million in these ventures. As of January 31, 2017 , we had an investment of $10.5 million in these ventures. In addition, in the second quarter of fiscal 2016, we entered into a separate venture with the same institutional investor to purchase, from Gibraltar, certain foreclosed real estate owned (“REO”) and distressed loans for $24.1 million . We have a 24% interest in this venture. At January 31, 2017 , we have a $5.0 million investment in this venture and are committed to invest an additional $9.6 million , if necessary. Guarantees The unconsolidated entities in which we have investments generally finance their activities with a combination of partner equity and debt financing. In some instances, we and our partners have guaranteed debt of certain unconsolidated entities. These guarantees may include any or all of the following: (i) project completion guarantees, including any cost overruns; (ii) repayment guarantees, generally covering a percentage of the outstanding loan; (iii) carry cost guarantees, which cover costs such as interest, real estate taxes, and insurance; (iv) an environmental indemnity provided to the lender that holds the lender harmless from and against losses arising from the discharge of hazardous materials from the property and non-compliance with applicable environmental laws; and (v) indemnification of the lender from “bad boy acts” of the unconsolidated entity. In some instances, the guarantees provided in connection with loans to an unconsolidated entity are joint and several. In these situations, we generally have a reimbursement agreement with our partner that provides that neither party is responsible for more than its proportionate share or agreed upon share of the guarantee; however, if a joint venture partner does not have adequate financial resources to meet its obligations under the reimbursement agreement, we may be liable for more than our proportionate share. We believe that, as of January 31, 2017 , in the event we become legally obligated to perform under a guarantee of an obligation of an unconsolidated entity due to a triggering event, the collateral in such entity should be sufficient to repay a significant portion of the obligation. If it is not, we and our partners would need to contribute additional capital to the venture. At January 31, 2017 , certain unconsolidated entities have loan commitments aggregating $1.25 billion , of which, if the full amount of the debt obligations were borrowed, we estimate $206.5 million to be our maximum exposure related to repayment and carry cost guarantees. At January 31, 2017 , the unconsolidated entities had borrowed an aggregate of $747.7 million , of which we estimate $147.0 million to be our maximum exposure related to repayment and carry cost guarantees. The terms of these guarantees generally range from 3 months to 46 months . These maximum exposure estimates do not take into account any recoveries from the underlying collateral or any reimbursement from our partners. In addition, we have guaranteed approximately $4.0 million of ground lease payments and insurance deductibles for three joint ventures. As of January 31, 2017 , the estimated aggregate fair value of the guarantees provided by us related to debt and other obligations of certain unconsolidated entities was approximately $5.6 million . We have not made payments under any of the guarantees, nor have we been called upon to do so. Variable Interest Entities At January 31, 2017 and October 31, 2016 , we determined that five and three , respectively, of our joint ventures were VIEs under the guidance of ASC 810, “Consolidation.” However, we have concluded that we were not the primary beneficiary of these VIEs because the power to direct the activities of such VIEs that most significantly impact their performance was either shared by us and such VIEs’ other partners or such activities were controlled by our partner. For VIEs where the power to direct significant activities is shared, business plans, budgets, and other major decisions are required to be unanimously approved by all members. Management and other fees earned by us are nominal and believed to be at market rates, and there is no significant economic disproportionality between us and the other members. The information presented below regarding the investments, commitments, and guarantees in unconsolidated entities deemed to be VIEs is also included in the information provided above. At January 31, 2017 and October 31, 2016 , our investments in the unconsolidated joint ventures deemed to be VIEs, which is included in “Investments in unconsolidated entities” in the accompanying Condensed Consolidated Balance Sheets, totaled $21.5 million and $16.4 million , respectively. At January 31, 2017 , the maximum exposure of loss to our investments in the unconsolidated joint ventures that are VIEs was limited to our investments in the unconsolidated VIEs, except with regard to $9.6 million of additional commitments to the VIEs. At October 31, 2016 , the maximum exposure of loss to our investments in the unconsolidated joint ventures that are VIEs was limited to our investments in the unconsolidated VIEs, except with regard to $70.0 million of loan guarantees and $1.4 million of additional commitments to the VIEs. Of our potential exposure for these loan guarantees at October 31, 2016 , $14.3 million is related to repayment and carry cost guarantees. Joint Venture Condensed Financial Information The Condensed Balance Sheets, as of the dates indicated, and the Condensed Statements of Operations and Comprehensive Income, for the periods indicated, for the unconsolidated entities in which we have an investment are included below (in thousands): Condensed Balance Sheets: January 31, October 31, Cash and cash equivalents $ 110,665 $ 130,794 Inventory 1,177,928 1,074,888 Loans receivable, net 26,684 — Non-performing loan portfolio 3,835 4,298 Rental properties 675,069 621,615 Rental properties under development 312,645 302,632 Real estate owned (“REO”) 84,471 87,226 Other assets 169,064 175,805 Total assets $ 2,560,361 $ 2,397,258 Debt $ 1,008,011 $ 1,164,883 Other liabilities 132,829 152,881 Members’ equity 1,322,829 980,354 Noncontrolling interest 96,692 99,140 Total liabilities and equity $ 2,560,361 $ 2,397,258 Company’s net investment in unconsolidated entities (1) $ 601,696 $ 496,411 (1) Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of the acquisition price of an investment in a Land Development Joint Venture in fiscal 2012 that was in excess of our pro rata share of the underlying equity; impairments related to our investment in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment. Condensed Statements of Operations and Comprehensive Income: Three months ended January 31, 2017 2016 Revenues $ 295,702 $ 42,486 Cost of revenues 165,706 35,513 Other expenses 21,134 9,307 Total expenses 186,840 44,820 Gain on disposition of loans and REO 8,886 25,983 Income from operations 117,748 23,649 Other income 2,586 1,005 Income before income taxes 120,334 24,654 Income tax provision 3,827 — Net income including earnings from noncontrolling interests 116,507 24,654 Less: income attributable to noncontrolling interest (2,080 ) (11,610 ) Net income attributable to controlling interest 114,427 13,044 Other comprehensive income — 87 Total comprehensive income $ 114,427 $ 13,131 Company’s equity in earnings of unconsolidated entities (2) $ 46,445 $ 8,638 (2) Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are primarily a result of a basis difference of an acquired joint venture interest; distributions from entities in excess of the carrying amount of our net investment; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.

Receivables, Prepaid Expenses,

Receivables, Prepaid Expenses, and Other Assets	3 Months Ended
	Jan. 31, 2017
Receivables, prepaid expenses and other assets [Abstract]
Receivables, prepaid expenses and other assets [Text Block]	Receivables, Prepaid Expenses, and Other Assets Receivables, prepaid expenses, and other assets at January 31, 2017 and October 31, 2016 , consisted of the following (amounts in thousands): January 31, 2017 October 31, 2016 Expected recoveries from insurance carriers and others $ 164,510 $ 165,696 Improvement cost receivable 91,910 85,627 Escrow cash held by our captive title company 40,811 138,633 Property held for rental development 112,958 81,693 Investment in foreclosed real estate owned 10,604 11,552 Prepaid expenses 20,794 25,659 Other 71,387 73,898 $ 512,974 $ 582,758

Loans Payable, Senior Notes and

Loans Payable, Senior Notes and Mortgage Company Loan Facility	3 Months Ended
	Jan. 31, 2017
Debt Disclosure [Abstract]
Loans Payable, Senior Notes, and Mortgage Company Loan Facility	Loans Payable, Senior Notes, and Mortgage Company Loan Facility Loans Payable At January 31, 2017 and October 31, 2016 , loans payable consisted of the following (amounts in thousands): January 31, October 31, Senior unsecured term loan $ 500,000 $ 500,000 Credit facility borrowings 250,000 250,000 Loans payable – other 131,537 122,809 Deferred issuance costs (1,643 ) (1,730 ) $ 879,894 $ 871,079 Senior Unsecured Term Loan On February 3, 2014, we entered into a five -year senior, $485.0 million , unsecured term loan facility (the “Term Loan Facility”) with a syndicate of banks. We borrowed the full amount of the Term Loan Facility on February 3, 2014. In October 2014, we increased the Term Loan Facility by $15.0 million and borrowed the full amount of the increase. The Term Loan Facility, as amended, matures on August 2, 2021. At January 31, 2017 , the interest rate on borrowings was 2.18% per annum. We and substantially all of our 100% -owned home building subsidiaries are guarantors under the Term Loan Facility. The Term Loan Facility contains substantially the same financial covenants as our New Credit Facility, as described below. Credit Facility On August 1, 2013, we entered into a $1.035 billion , unsecured, five -year revolving credit facility (the “Credit Facility”). The commitments under the Credit Facility were scheduled to expire on August 1, 2018 . On May 19, 2016, we entered into a new $1.215 billion (subsequently increased to $1.295 billion ), unsecured, five -year revolving credit facility (the “New Credit Facility”) with a syndicate of banks (the “Aggregate Credit Commitment”) and terminated the Credit Facility. The commitments under the New Credit Facility are scheduled to expire on May 19, 2021 . We and substantially all of our 100% -owned home building subsidiaries are guarantors under the New Credit Facility. Under the terms of the New Credit Facility, at January 31, 2017 , our maximum leverage ratio (as defined in the credit agreement) may not exceed 1.75 to 1.00, and we are required to maintain a minimum tangible net worth (as defined in the credit agreement) of no less than approximately $2.64 billion . Under the terms of the New Credit Facility, at January 31, 2017 , our leverage ratio was approximately 0.79 to 1.00, and our tangible net worth was approximately $4.28 billion . Based upon the minimum tangible net worth requirement in the New Credit Facility, our ability to repurchase our common stock was limited to approximately $2.34 billion as of January 31, 2017 . At January 31, 2017 , we had $250.0 million of outstanding borrowings under the New Credit Facility and had outstanding letters of credit of approximately $112.4 million under the New Credit Facility. Subsequent to January 31, 2017 , we borrowed an additional $125.0 million under the New Credit Facility. At January 31, 2017 , the interest rate on borrowings under the New Credit Facility was 2.27% per annum. Loans Payable – Other Our “Loans payable – other” primarily represent purchase money mortgages on properties we acquired that the seller had financed and various revenue bonds that were issued by government entities on our behalf to finance community infrastructure and our manufacturing facilities. At January 31, 2017 , the weighted-average interest rate on “Loans payable – other” was 3.99% per annum. Senior Notes At January 31, 2017 , we, through Toll Brothers Finance Corp., had eight issues of Senior Notes outstanding with an aggregate principal amount of $2.71 billion . Mortgage Company Loan Facility In October 2016, TBI Mortgage ® Company (“TBI Mortgage”), our wholly owned mortgage subsidiary, entered into a Mortgage Warehousing Agreement (“Warehousing Agreement”) with a syndicate of banks. The purpose of the Warehousing Agreement is to finance the origination of mortgage loans by TBI Mortgage, and the Warehousing Agreement is accounted for as a secured borrowing under ASC 860, “Transfers and Servicing.” The Warehousing Agreement provides for loan purchases up to $150 million , subject to certain sublimits. In addition, the Warehousing Agreement provides for an accordion feature under which TBI Mortgage may request that the aggregate commitments under the Warehousing Agreement be increased to an amount up to $210 million for a short period of time. The Warehousing Agreement expires on October 27, 2017 , and borrowings thereunder bear interest at LIBOR plus 2.00% per annum. At January 31, 2017 , the interest rate on the Warehousing Agreement was 2.78% per annum. At January 31, 2017 and October 31, 2016 , there was $57.0 million and $210.0 million , respectively, outstanding under the Warehousing Agreement, respectively, which are included in liabilities in our Condensed Consolidated Balance Sheets.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Jan. 31, 2017
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses at January 31, 2017 and October 31, 2016 consisted of the following (amounts in thousands): January 31, October 31, Land, land development, and construction $ 131,290 $ 153,264 Compensation and employee benefits 138,680 138,282 Escrow liability 40,360 137,396 Self-insurance 124,100 126,431 Warranty 364,058 370,992 Deferred income 38,940 43,488 Interest 39,325 34,903 Commitments to unconsolidated entities 6,411 5,637 Other 56,938 61,907 $ 940,102 $ 1,072,300 As previously disclosed in Note 6, “Accrued Expenses” in our 2016 Form 10-K, we determined that we needed to make repairs in certain completed communities located in Pennsylvania and Delaware (which are in our Mid-Atlantic region) related to stucco and other water intrusion claims in older homes. Each quarter, we review and update where necessary our assumptions to the estimates used in determining our estimated liability for these claims. This review and update includes an analysis to determine an estimated number of claims likely to be received and the estimated costs to resolve any such claims. This analysis involves many factors including: the number of communities involved; the closing dates of the homes in each community; the number of claims received to date; our inspection of homes; an estimate of the number of homes we expect to repair; the type and cost of repairs that have been performed in each community; the estimated costs to remediate pending and future claims in each community; the expected recovery from our insurance carriers and others; and the amount of warranty and self-insurance reserves already recorded. Due to the degree of judgment required and the potential for variability in the underlying assumptions, it is reasonably possible that our actual costs could differ from those estimated, such differences could be material, and, therefore, we are unable to estimate the range of any such differences. Based upon our review at January 31, 2017, we determined that no adjustments to our previous estimates were needed. At January 31, 2017 and October 31, 2016 , our estimated remaining liability to be expended for known and unknown stucco and other water intrusion claims was $291.7 million and $298.0 million , respectively, of which we expect to recover a total of approximately $140.0 million and $141.7 million , respectively, from outside insurance carriers and others. We accrue for expected warranty costs at the time each home is closed and title and possession are transferred to the home buyer. Warranty costs are accrued based upon historical experience. The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands): Three months ended January 31, 2017 2016 Balance, beginning of period $ 370,992 $ 93,083 Additions – homes closed during the period 5,104 4,496 Addition – Coleman liabilities acquired 1,111 Increase in accruals for homes closed in prior years 1,694 2,453 Reclassification from other accruals 732 Charges incurred (15,575 ) (9,371 ) Balance, end of period $ 364,058 $ 90,661

Income Taxes

Income Taxes	3 Months Ended
	Jan. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded income tax provisions of $39.4 million and $43.6 million for the three months ended January 31, 2017 and 2016 , respectively. The effective tax rate for the three months ended January 31, 2017 was 35.9% , compared to 37.4% for the three months ended January 31, 2016 . The income tax provisions for both periods included the provision for state income taxes and interest accrued on anticipated tax assessments, offset by tax benefits related to the utilization of domestic production activities deductions and other permanent differences. We currently operate in 20 states and are subject to various state tax jurisdictions. We estimate our state tax liability based upon the individual taxing authorities’ regulations, estimates of income by taxing jurisdiction, and our ability to utilize certain tax-saving strategies. We estimate our rate for the full fiscal year 2017 for state income taxes will be 7.6% . Our state income tax rate for the full fiscal year 2016 was 7.0% . For state tax purposes, due to past and projected losses in certain jurisdictions where we do not have carryback potential and/or cannot sufficiently forecast future taxable income, we recognized net cumulative valuation allowances against our state deferred tax assets of $32.2 million as of January 31, 2017 and October 31, 2016 . At January 31, 2017 , we had $25.8 million of gross unrecognized tax benefits, including interest and penalties. If these unrecognized tax benefits were to reverse in the future, they would have a beneficial impact on our effective tax rate at that time. During the next 12 months, it is reasonably possible that our unrecognized tax benefits will change, but we are not able to provide a range of such change. The possible changes would be principally due to the expiration of tax statutes, settlements with taxing jurisdictions, increases due to new tax positions taken, and the accrual of estimated interest and penalties.

Stock-Based Benefit Plans

Stock-Based Benefit Plans	3 Months Ended
	Jan. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Benefit Plans	Stock-Based Benefit Plans We grant stock options and various types of restricted stock units to our employees and our nonemployee directors. Additionally, we have an employee stock purchase plan that allows employees to purchase our stock at a discount. Information regarding the amount of total stock-based compensation expense and tax benefit recognized by us, for the periods indicated, is as follows (amounts in thousands): Three months ended January 31, 2017 2016 Total stock-based compensation expense recognized $ 9,329 $ 9,223 Income tax benefit recognized $ 3,653 $ 3,555 At January 31, 2017 and October 31, 2016 , the aggregate unamortized value of outstanding stock-based compensation awards was approximately $43.6 million and $27.0 million , respectively.

Stock Repurchase Program

Stock Repurchase Program	3 Months Ended
	Jan. 31, 2017
Stock Repurchase Program [Abstract]
Stock Repurchase Program [Text Block]	Stock Repurchase Program On May 23, 2016, our Board of Directors terminated a prior share repurchase program and authorized, under a new repurchase program, the repurchase of 20 million shares of our common stock in open market transactions or otherwise for general corporate purposes, including to obtain shares for the Company’s equity award and other employee benefit plans. 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 January 31, 2017 2016 Number of shares purchased (in thousands) 557 4,770 Average price per share $ 27.33 $ 31.48 Remaining authorization at January 31 (in thousands) 15,281 13,765

Income Per Share Information

Income Per Share Information	3 Months Ended
	Jan. 31, 2017
Earnings Per Share [Abstract]
Income per Share Information	Income per Share Information The table below provides, for the periods indicated, information pertaining to the calculation of income per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands): Three months ended January 31, 2017 2016 Numerator: Net income as reported $ 70,416 $ 73,180 Plus interest and costs attributable to 0.5% Exchangeable Senior Notes, net of income tax benefit 384 389 Numerator for diluted earnings per share $ 70,800 $ 73,569 Denominator: Basic weighted-average shares 162,588 174,205 Common stock equivalents (a) 1,971 2,328 Shares attributable to 0.5% Exchangeable Senior Notes 5,858 5,858 Diluted weighted-average shares 170,417 182,391 Other information: Weighted-average number of antidilutive options and restricted stock units (b) 5,204 2,954 Shares issued under stock incentive and employee stock purchase plans 1,280 473 (a) Common stock equivalents represent the dilutive effect of outstanding in-the-money stock options using the treasury stock method and shares expected to be issued under performance-based restricted stock units and nonperformance-based restricted stock units. (b) Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the NYSE for the period.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Jan. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Fair Value Disclosures Financial Instruments The table below provides, as of the dates indicated, a summary of assets (liabilities) related to our financial instruments, measured at fair value on a recurring basis (amounts in thousands): Fair value Financial Instrument Fair value hierarchy January 31, October 31, 2016 Mortgage Loans Held for Sale Level 2 $ 85,765 $ 248,601 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 1,009 $ 1,390 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (3,917 ) $ (921 ) Forward Loan Commitments — IRLCs Level 2 $ 3,917 $ 921 At January 31, 2017 and October 31, 2016 , the carrying value of cash and cash equivalents and restricted cash and investments approximated fair value. Mortgage Loans Held for Sale At the end of the reporting period, we determine the fair value of our mortgage loans held for sale and the forward loan commitments we have entered into as a hedge against the interest rate risk of our mortgage loans and commitments using the market approach to determine fair value. The table below provides, as of the dates indicated, the aggregate unpaid principal and fair value of mortgage loans held for sale (amounts in thousands): Aggregate unpaid principal balance Fair value Excess/(Deficit) At January 31, 2017 $ 86,122 $ 85,765 $ (357 ) At October 31, 2016 $ 246,794 $ 248,601 $ 1,807 Inventory We recognize inventory impairment charges based on the difference in the carrying value of the inventory and its fair value at the time of the evaluation. The fair value of the aforementioned inventory was determined using Level 3 criteria. See Note 1, “Significant Accounting Policies – Inventory,” in our 2016 Form 10-K for information regarding our methodology for determining fair value. The table below summarizes, for the periods indicated, the ranges of certain quantitative unobservable inputs utilized in determining the fair value of impaired operating communities: Three months ended: Selling price per unit ($ in thousands) Sales pace per year (in units) Discount rate Fiscal 2017: January 31 692 - 880 4 - 12 16.3% Fiscal 2016: January 31 — — — April 30 369 - 394 18 - 23 16.3% July 31 — — — October 31 — — — The table below provides, for the periods indicated, the fair value of operating communities whose carrying value was adjusted and the amount of impairment charges recognized ($ amounts in thousands): Impaired operating communities Three months ended: Number of Number of Fair value of Impairment charges recognized Fiscal 2017: January 31 57 2 $ 8,372 $ 4,000 $ 4,000 Fiscal 2016: January 31 43 2 $ 1,713 $ 600 April 30 41 2 $ 10,103 6,100 July 31 51 2 $ 11,714 1,250 October 31 59 2 $ 1,126 415 $ 8,365 Debt The table below provides, as of the dates indicated, the book value and estimated fair value of our debt (amounts in thousands): January 31, 2017 October 31, 2016 Fair value Book value Estimated fair value Book value Estimated fair value Loans payable (a) Level 2 $ 881,537 $ 879,581 $ 872,809 $ 870,384 Senior notes (b) Level 1 2,707,376 2,814,780 2,707,376 2,843,177 Mortgage company loan facility (c) Level 2 57,040 57,040 210,000 210,000 $ 3,645,953 $ 3,751,401 $ 3,790,185 $ 3,923,561 (a) The estimated fair value of loans payable was based upon contractual cash flows discounted at interest rates that we believed were available to us for loans with similar terms and remaining maturities as of the applicable valuation date. (b) The estimated fair value of our senior notes is based upon their market prices as of the applicable valuation date. (c) We believe that the carrying value of our mortgage company loan borrowings approximates their fair value.

Other Income - Net

Other Income - Net	3 Months Ended
	Jan. 31, 2017
Other Income and Expenses [Abstract]
Other Income - net	Other Income – Net The table below provides the significant components of other income – net (amounts in thousands): Three months ended January 31, 2017 2016 Interest income $ 941 $ 404 Income from ancillary businesses 2,297 3,729 Gibraltar (62 ) 828 Management fee income from unconsolidated entities 4,289 2,107 Retained customer deposits 1,746 2,113 Income from land sales 3,559 3,998 Other (67 ) 541 Total other income – net $ 12,703 $ 13,720 In the three months ended January 31, 2016 , our security monitoring business recognized a gain of $1.6 million from a bulk sale of security monitoring accounts in fiscal 2015, which is included in income from ancillary businesses in the table above. Income from ancillary businesses includes our mortgage, title, landscaping, security monitoring, and golf course and country club operations. The table below provides, for the periods indicated, revenues and expenses for our ancillary businesses (amounts in thousands): Three months ended January 31, 2017 2016 Revenues $ 28,528 $ 24,869 Expenses $ 26,231 $ 21,140 The table below provides, for the periods indicated, revenues and expenses recognized from land sales (amounts in thousands): Three months ended January 31, 2017 2016 Revenues $ 144,714 $ 10,691 Expenses (144,273 ) (6,693 ) Deferred gain recognized 3,118 — Income from land sales $ 3,559 $ 3,998 Land sale revenues for the three months ended January 31, 2017 includes $143.3 million related to an in substance real estate sale transaction which resulted in a new Home Building Joint Venture in which we have a 20% interest. No gain or loss was realized on the sale. See Note 3, “Investments in Unconsolidated Entities,” for more information on this transaction.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Legal Proceedings We are involved in various claims and litigation arising principally in the ordinary course of business. We believe that adequate provision for resolution of all current claims and pending litigation has been made for probable losses. We believe that the disposition of these matters will not have a material adverse effect on our results of operations and liquidity or on our financial condition. Investments in Unconsolidated Entities At January 31, 2017 , we had investments in a number of unconsolidated entities, were committed to invest or advance additional funds, and had guaranteed a portion of the indebtedness and/or loan commitments of these entities. See Note 3, “Investments in Unconsolidated Entities,” for more information regarding our commitments to these entities. Land Purchase Commitments Generally, our purchase agreements to acquire land parcels do not require us to purchase those land parcels, although we, in some cases, forfeit any deposit balance outstanding if and when we terminate a purchase agreement. Information regarding our land purchase commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, 2017 October 31, 2016 Aggregate purchase commitments: Unrelated parties $ 1,388,618 $ 1,544,185 Unconsolidated entities that the Company has investments in 54,226 79,204 Total $ 1,442,844 $ 1,623,389 Deposits against aggregate purchase commitments $ 70,502 $ 65,299 Additional cash required to acquire land 1,372,342 1,558,090 Total $ 1,442,844 $ 1,623,389 Amount of additional cash required to acquire land included in accrued expenses $ 16,985 $ 18,266 In addition, we expect to purchase approximately 3,600 additional home sites over a number of years from several joint ventures in which we have interests; the purchase prices of these home sites will be determined at a future date. At January 31, 2017 , we also had purchase commitments to acquire land for apartment developments of approximately $84.3 million , of which we had outstanding deposits in the amount of $4.4 million . We have additional land parcels under option that have been excluded from the aforementioned aggregate purchase amounts since we do not believe that we will complete the purchase of these land parcels and no additional funds will be required from us to terminate these contracts. Surety Bonds and Letters of Credit At January 31, 2017 , we had outstanding surety bonds amounting to $667.1 million , primarily related to our obligations to governmental entities to construct improvements in our communities. We estimate that $345.4 million of work remains on these improvements. We have an additional $137.7 million of surety bonds outstanding that guarantee other obligations. We do not believe that it is probable that any outstanding bonds will be drawn upon. At January 31, 2017 , we had outstanding letters of credit of $112.4 million under our New Credit Facility. These letters of credit were issued to secure our various financial obligations, including insurance policy deductibles and other claims, land deposits, and security to complete improvements in communities in which we are operating. We do not believe that it is probable that any outstanding letters of credit will be drawn upon. Backlog At January 31, 2017 , we had agreements of sale outstanding to deliver 5,145 homes with an aggregate sales value of $4.35 billion . Mortgage Commitments Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, October 31, 2016 Aggregate mortgage loan commitments: IRLCs $ 352,279 $ 255,647 Non-IRLCs 1,178,730 1,094,861 Total $ 1,531,009 $ 1,350,508 Investor commitments to purchase: IRLCs $ 352,279 $ 255,647 Mortgage loans receivable 71,668 231,398 Total $ 423,947 $ 487,045

Information on Segments

Information on Segments	3 Months Ended
	Jan. 31, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Information on Segments We operate in two segments: Traditional Home Building and Urban Infill. We build and sell detached and attached homes in luxury residential communities located in affluent suburban markets that cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers in the United States (“Traditional Home Building”). We also build and sell homes in urban infill markets through Toll Brothers City Living ® (“City Living”). We have determined that our Traditional Home Building operations operate in five geographic segments: North, Mid-Atlantic, South, West, and California. The states comprising each geographic segment are as follows: North: Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey, and New York Mid-Atlantic: Delaware, Maryland, Pennsylvania, and Virginia South: Florida, North Carolina, and Texas West: Arizona, Colorado, Idaho, Nevada, and Washington California: California Revenue and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2017 2016 Revenues: Traditional Home Building: North $ 145,638 $ 120,818 Mid-Atlantic 184,051 169,808 South 142,196 146,798 West 211,133 137,258 California 219,776 216,903 Traditional Home Building 902,794 791,585 City Living 17,936 136,981 Total $ 920,730 $ 928,566 Income (loss) before income taxes: Traditional Home Building: North $ 10,093 $ 8,033 Mid-Atlantic 11,632 16,983 South 13,111 21,245 West 25,497 19,688 California 43,193 43,536 Traditional Home Building 103,526 109,485 City Living 43,102 43,680 Corporate and other (36,847 ) (36,348 ) Total $ 109,781 $ 116,817 “Corporate and other” is comprised principally of general corporate expenses such as the offices of our executive officers; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including Gibraltar; and income from a number of our unconsolidated entities. Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands): January 31, October 31, Traditional Home Building: North $ 1,071,049 $ 1,020,250 Mid-Atlantic 1,182,142 1,166,023 South 1,257,109 1,203,554 West 1,250,759 1,130,625 California 2,625,956 2,479,885 Traditional Home Building 7,387,015 7,000,337 City Living 824,419 946,738 Corporate and other 1,305,366 1,789,714 Total $ 9,516,800 $ 9,736,789 “Corporate and other” is comprised principally of cash and cash equivalents, restricted cash and investments, deferred tax assets, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, our Gibraltar investments, manufacturing facilities, and our mortgage and title subsidiaries.

Supplemental Disclosure to Cond

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows	3 Months Ended
	Jan. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Statements of Cash Flows	Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows The following are supplemental disclosures to the Condensed Consolidated Statements of Cash Flows, for the periods indicated (amounts in thousands): Three months ended January 31, 2017 2016 Cash flow information: Interest capitalized, net of amount paid $ 419 $ 8,227 Income tax payments $ 80,070 $ 38,781 Income tax refunds $ 911 $ 1,874 Noncash activity: Cost of inventory acquired through seller financing or municipal bonds, net $ 18,011 $ 10,534 Reduction in inventory for our share of earnings in land purchased from unconsolidated entities and allocation of basis difference $ 3,654 $ 160 Defined benefit plan amendment $ 757 Deferred tax decrease related to stock-based compensation activity included in additional paid-in capital $ 4,935 $ 3,249 Transfer of inventory to investment in unconsolidated entities $ 36,256 Acquisition of a Business: Fair value of assets purchased $ 90,560 Liabilities assumed $ 5,377 Cash paid $ 85,183

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Jan. 31, 2017
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information [Text Block]	Supplemental Guarantor Information At January 31, 2017 , our 100% -owned subsidiary, Toll Brothers Finance Corp. (the “Subsidiary Issuer”), has issued the following outstanding Senior Notes (amounts in thousands): Original amount issued and amount outstanding 8.91% Senior Notes due 2017 $ 400,000 4.0% Senior Notes due 2018 $ 350,000 6.75% Senior Notes due 2019 $ 250,000 5.875% Senior Notes due 2022 $ 419,876 4.375% Senior Notes due 2023 $ 400,000 5.625% Senior Notes due 2024 $ 250,000 4.875% Senior Notes due 2025 $ 350,000 0.5% Exchangeable Senior Notes due 2032 $ 287,500 The obligations of the Subsidiary Issuer to pay principal, premiums, if any, and interest are guaranteed jointly and severally on a senior basis by us and substantially all of our 100% -owned home building subsidiaries (the “Guarantor Subsidiaries”). The guarantees are full and unconditional. Our non-home building subsidiaries and several of our home building subsidiaries (together, the “Nonguarantor Subsidiaries”) do not guarantee these Senior Notes. The Subsidiary Issuer generates no operating revenues and does not have any independent operations other than the financing of our other subsidiaries by lending the proceeds from the above-described debt issuances. The indentures under which the Senior Notes were issued provide that any of our subsidiaries that provide a guarantee of our obligations under the New Credit Facility will guarantee the Senior Notes. The indentures further provide that any Guarantor Subsidiary may be released from its guarantee so long as (i) no default or event of default exists or would result from release of such guarantee; (ii) the Guarantor Subsidiary being released has consolidated net worth of less than 5% of the Company’s consolidated net worth as of the end of our most recent fiscal quarter; (iii) the Guarantor Subsidiaries released from their guarantees in any fiscal year comprise in the aggregate less than 10% (or 15% if and to the extent necessary to permit the cure of a default) of our consolidated net worth as of the end of our most recent fiscal quarter; (iv) such release would not have a material adverse effect on our and our subsidiaries’ home building business; and (v) the Guarantor Subsidiary is released from its guaranty under the New Credit Facility. If there are no guarantors under the New Credit Facility, all Guarantor Subsidiaries under the indentures will be released from their guarantees. During the preparation of this Form 10-Q, we identified an immaterial revision that was necessary to certain columns in the consolidating statements for the year ended October 31, 2016. The revision impacted the Guarantor and Nonguarantor Subsidiaries columns in the Consolidating Statement of Operations and Comprehensive Income for the year ended October 31, 2016 and the Nonguarantor Subsidiaries and Eliminations columns in the Condensed Consolidating Balance Sheet as of October 31, 2016, by offsetting amounts. Corresponding changes to the Consolidating Statement of Cash Flows for the year ended October 31, 2016 were also made. The revision had no impact on any consolidated totals of such consolidating statements. Accordingly, the Consolidating Statements of Operations and Comprehensive Income and of Cash Flows for the year ended October 31, 2016 and the Condensed Consolidating Balance Sheet as of October 31, 2016 have been revised to reflect the immaterial adjustment described above and are included hereunder. Separate financial statements and other disclosures concerning the Guarantor Subsidiaries are not presented because management has determined that such disclosures would not be material to investors. Supplemental consolidating financial information of Toll Brothers, Inc., the Subsidiary Issuer, the Guarantor Subsidiaries, the Nonguarantor Subsidiaries, and the eliminations to arrive at Toll Brothers, Inc. on a consolidated basis is presented below ($ amounts in thousands). Condensed Consolidating Balance Sheet at January 31, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents — — 280,504 92,965 — 373,469 Restricted cash and investments 11,796 649 12,445 Inventory 7,244,287 295,687 7,539,974 Property, construction and office equipment, net 156,691 15,768 172,459 Receivables, prepaid expenses and other assets 17 353,100 200,837 (40,980 ) 512,974 Mortgage loans held for sale 85,765 85,765 Customer deposits held in escrow 57,663 349 58,012 Investments in unconsolidated entities 96,840 504,856 601,696 Investments in foreclosed real estate and distressed loans — Investments in and advances to consolidated entities 4,163,667 2,747,471 91,740 166,492 (7,169,370 ) — Deferred tax assets, net of valuation allowances 160,006 160,006 4,335,486 2,747,471 8,280,825 1,363,368 (7,210,350 ) 9,516,800 LIABILITIES AND EQUITY Liabilities Loans payable 879,894 879,894 Senior notes 2,687,342 8,182 2,695,524 Mortgage company loan facility 57,040 57,040 Customer deposits 326,407 17,743 344,150 Accounts payable 256,323 2,371 258,694 Accrued expenses 36,869 585,661 367,776 (50,204 ) 940,102 Advances from consolidated entities 1,834,429 728,851 (2,563,280 ) — Income taxes payable 20,372 20,372 Total liabilities 20,372 2,724,211 3,882,714 1,173,781 (2,605,302 ) 5,195,776 Equity Stockholders’ equity Common stock 1,779 48 3,006 (3,054 ) 1,779 Additional paid-in capital 718,861 49,400 93,734 (143,134 ) 718,861 Retained earnings (deficits) 4,047,713 (26,140 ) 4,398,063 86,937 (4,458,860 ) 4,047,713 Treasury stock, at cost (450,072 ) (450,072 ) Accumulated other comprehensive loss (3,167 ) (3,167 ) Total stockholders’ equity 4,315,114 23,260 4,398,111 183,677 (4,605,048 ) 4,315,114 Noncontrolling interest 5,910 5,910 Total equity 4,315,114 23,260 4,398,111 189,587 (4,605,048 ) 4,321,024 4,335,486 2,747,471 8,280,825 1,363,368 (7,210,350 ) 9,516,800 Condensed Consolidating Balance Sheet at October 31, 2016 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated ASSETS Cash and cash equivalents — — 583,440 50,275 — 633,715 Restricted cash and investments 11,708 19,583 31,291 Inventory 6,896,205 457,806 (44 ) 7,353,967 Property, construction and office equipment, net 153,663 15,913 169,576 Receivables, prepaid expenses and other assets 77 319,319 299,978 (36,616 ) 582,758 Mortgage loans held for sale 248,601 248,601 Customer deposits held in escrow 50,079 2,978 53,057 Investments in unconsolidated entities 101,999 394,412 496,411 Investments in and advances to consolidated entities 4,112,876 2,741,160 20,519 90,671 (6,965,226 ) — Deferred tax assets, net of valuation allowances 167,413 167,413 4,292,074 2,741,160 8,125,224 1,580,217 (7,001,886 ) 9,736,789 LIABILITIES AND EQUITY Liabilities Loans payable 871,079 871,079 Senior notes 2,683,823 10,549 2,694,372 Mortgage company loan facility 210,000 210,000 Customer deposits 292,794 16,305 309,099 Accounts payable 280,107 1,848 281,955 Accrued expenses 32,559 610,958 469,527 (40,744 ) 1,072,300 Advances from consolidated entities 1,737,682 799,082 (2,536,764 ) — Income taxes payable 62,782 62,782 Total liabilities 62,782 2,716,382 3,792,620 1,496,762 (2,566,959 ) 5,501,587 Equity Stockholders’ equity Common stock 1,779 48 3,006 (3,054 ) 1,779 Additional paid-in capital 728,464 49,400 6,734 (56,134 ) 728,464 Retained earnings (deficits) 3,977,297 (24,622 ) 4,332,556 67,805 (4,375,739 ) 3,977,297 Treasury stock, at cost (474,912 ) (474,912 ) Accumulated other comprehensive loss (3,336 ) (3,336 ) Total stockholders’ equity 4,229,292 24,778 4,332,604 77,545 (4,434,927 ) 4,229,292 Noncontrolling interest 5,910 5,910 Total equity 4,229,292 24,778 4,332,604 83,455 (4,434,927 ) 4,235,202 4,292,074 2,741,160 8,125,224 1,580,217 (7,001,886 ) 9,736,789 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended January 31, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Revenues 915,823 45,696 (40,789 ) 920,730 Cost of revenues 724,257 29,471 (20,726 ) 733,002 Selling, general and administrative 968 143,881 16,948 (24,702 ) 137,095 — 968 868,138 46,419 (45,428 ) 870,097 Income (loss) from operations — (968 ) 47,685 (723 ) 4,639 50,633 Other: Income from unconsolidated entities 5,144 41,301 46,445 Other income – net 2,393 7,251 4,500 (1,441 ) 12,703 Intercompany interest income 36,496 (36,496 ) — Interest expense (37,895 ) (663 ) 38,558 — Income from subsidiaries 107,388 42,048 (149,436 ) — Income (loss) before income taxes 109,781 (2,367 ) 102,128 44,415 (144,176 ) 109,781 Income tax provision (benefit) 39,365 (849 ) 36,621 15,926 (51,698 ) 39,365 Net income (loss) 70,416 (1,518 ) 65,507 28,489 (92,478 ) 70,416 Other comprehensive income 169 169 Total comprehensive income (loss) 70,585 (1,518 ) 65,507 28,489 (92,478 ) 70,585 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended January 31, 2016 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Revenues 784,596 170,223 (26,253 ) 928,566 Cost of revenues 624,801 90,087 (2,577 ) 712,311 Selling, general and administrative 12 969 125,905 17,973 (23,063 ) 121,796 12 969 750,706 108,060 (25,640 ) 834,107 Income (loss) from operations (12 ) (969 ) 33,890 62,163 (613 ) 94,459 Other: Income from unconsolidated entities 2,997 5,641 8,638 Other income – net 2,391 8,169 4,193 (1,033 ) 13,720 Intercompany interest income 36,497 (36,497 ) — Interest expense (37,895 ) (248 ) 38,143 — Income from subsidiaries 114,438 69,382 (183,820 ) — Income (loss) before income taxes 116,817 (2,367 ) 114,438 71,749 (183,820 ) 116,817 Income tax provision (benefit) 43,637 (912 ) 44,104 27,652 (70,844 ) 43,637 Net income (loss) 73,180 (1,455 ) 70,334 44,097 (112,976 ) 73,180 Other comprehensive (loss) income (288 ) 27 (261 ) Total comprehensive income (loss) 72,892 (1,455 ) 70,361 44,097 (112,976 ) 72,919 Consolidating Statement of Operations and Comprehensive Income (Loss) for the fiscal year ended October 31, 2016 Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues 4,984,356 361,685 (176,533 ) 5,169,508 Cost of revenues 3,919,729 288,044 (63,708 ) 4,144,065 Selling, general and administrative 75 3,809 558,822 74,328 (101,652 ) 535,382 75 3,809 4,478,551 362,372 (165,360 ) 4,679,447 Income (loss) from operations (75 ) (3,809 ) 505,805 (687 ) (11,173 ) 490,061 Other: Income from unconsolidated entities 16,913 23,835 40,748 Other income - net 9,501 27,873 17,456 3,388 58,218 Intercompany interest income 145,828 (145,828 ) — Interest expense (151,410 ) (2,203 ) 153,613 — Income from consolidated subsidiaries 579,601 29,010 (608,611 ) — Income (loss) before income taxes 589,027 (9,391 ) 579,601 38,401 (608,611 ) 589,027 Income tax provision (benefit) 206,932 (3,299 ) 203,614 13,490 (213,805 ) 206,932 Net income (loss) 382,095 (6,092 ) 375,987 24,911 (394,806 ) 382,095 Other comprehensive (loss) income (858 ) 31 (827 ) Total comprehensive income (loss) 381,237 (6,092 ) 376,018 24,911 (394,806 ) 381,268 Condensed Consolidating Statement of Cash Flows for the three months ended January 31, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Net cash (used in) provided by operating activities (25,840 ) 6,311 (273,424 ) 338,773 (3,856 ) 41,964 Cash flow provided by (used in) investing activities: Purchase of property and equipment - net (6,393 ) 79 (6,314 ) Investment in unconsolidated entities (267 ) (99,674 ) (99,941 ) Return of investments in unconsolidated entities 9,950 23,303 33,253 Investment in foreclosed real estate and distressed loans (274 ) (274 ) Return of investments in foreclosed real estate and distressed loans 1,852 1,852 Acquisition of a business (85,183 ) (85,183 ) Investment paid - intercompany 45,000 (45,000 ) — Intercompany advances 14,992 (6,311 ) (8,681 ) — Net cash provided by (used in) investing activities 14,992 (6,311 ) (36,893 ) (74,714 ) (53,681 ) (156,607 ) Cash flow used in financing activities: Proceeds from loans payable 360,382 360,382 Debt issuance costs for loans payable — Principal payments of loans payable (3,491 ) (513,342 ) (516,833 ) Proceeds from stock-based benefit plans 25,831 25,831 Excess tax benefits from stock-based compensation 253 253 Purchase of treasury stock (15,236 ) (15,236 ) Dividend paid - intercompany — Investment received intercompany 45,000 (45,000 ) — Intercompany advances 10,872 (113,409 ) 102,537 — Net cash used in financing activities 10,848 — 7,381 (221,369 ) 57,537 (145,603 ) Net decrease in cash and cash equivalents — — (302,936 ) 42,690 — (260,246 ) Cash and cash equivalents, beginning of period — — 583,440 50,275 — 633,715 Cash and cash equivalents, end of period — — 280,504 92,965 — 373,469 Condensed Consolidating Statement of Cash Flows for the three months ended January 31, 2016 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Net cash (used in) provided by operating activities 18,482 14,528 (178,283 ) 132,051 (10,003 ) (23,225 ) Cash flow provided by (used in) investing activities: Purchase of property and equipment — net (1,667 ) 74 (1,593 ) Purchase of marketable securities — Sale and redemption of marketable securities 10,000 10,000 Investments in unconsolidated entities (1,445 ) (10,393 ) (11,838 ) Return of investments in unconsolidated entities 12,167 2,637 14,804 Investment in foreclosed real estate and distressed loans (694 ) (694 ) Return of investments in foreclosed real estate and distressed loans 5,321 5,321 Dividend received – intercompany 5,000 (5,000 ) — Intercompany advances 126,587 (14,464 ) (112,123 ) — Net cash provided by (used in) investing activities 126,587 (14,464 ) 14,055 6,945 (117,123 ) 16,000 Cash flow used in financing activities: Debt issuance costs for senior notes (64 ) (64 ) Proceeds from loans payable 339,854 339,854 Principal payments of loans payable (394,592 ) (375,947 ) (770,539 ) Proceeds from stock-based benefit plans 4,769 4,769 Excess tax benefits from stock-based compensation 297 297 Purchase of treasury stock (150,135 ) (150,135 ) Receipts related to noncontrolling interest 294 294 Dividend paid – intercompany (5,000 ) 5,000 — Intercompany advances (46,017 ) (76,109 ) 122,126 — Net cash used in financing activities (145,069 ) (64 ) (440,609 ) (116,908 ) 127,126 (575,524 ) Net (decrease) increase in cash and cash equivalents — — (604,837 ) 22,088 — (582,749 ) Cash and cash equivalents, beginning of period — — 783,599 135,394 — 918,993 Cash and cash equivalents, end of period — — 178,762 157,482 — 336,244 Consolidating Statement of Cash Flows for the fiscal year ended October 31, 2016 Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities 60,465 14,768 105,709 (64,386 ) 32,215 148,771 Cash flow provided by (used in) investing activities: Purchase of property and equipment — net (27,835 ) (591 ) (28,426 ) Purchase of marketable securities — Sale and redemption of marketable securities 10,000 10,000 Investment in unconsolidated entities (2,637 ) (67,018 ) (69,655 ) Return of investments in unconsolidated entities 32,857 14,949 47,806 Investment in distressed loans and foreclosed real estate (1,133 ) (1,133 ) Return of investments in distressed loans and foreclosed real estate 49,619 49,619 Dividends received intercompany 5,000 (5,000 ) — Investment paid intercompany (5,000 ) 5,000 — Intercompany advances 323,207 (14,733 ) (308,474 ) — Net cash provided by (used in) investing activities 323,207 (14,733 ) 2,385 5,826 (308,474 ) 8,211 Cash flow (used in) provided by financing activities: Debt issuance costs for senior notes (35 ) (35 ) Proceeds from loans payable 550,000 1,893,496 2,443,496 Debt issuance costs for loans payable (4,868 ) (4,868 ) Principal payments of loans payable (714,089 ) (1,783,496 ) (2,497,585 ) Proceeds from stock-based benefit plans 6,986 6,986 Excess tax benefits from stock-based compensation 2,114 2,114 Purchase of treasury stock (392,772 ) (392,772 ) Receipts related to noncontrolling interest 404 404 Dividends paid intercompany (5,000 ) 5,000 — Investment received intercompany 5,000 (5,000 ) — Intercompany advances (139,296 ) (136,963 ) 276,259 — Net cash (used in) provided by financing activities (383,672 ) (35 ) (308,253 ) (26,559 ) 276,259 (442,260 ) Net decrease in cash and cash equivalents — — (200,159 ) (85,119 ) — (285,278 ) Cash and cash equivalents, beginning of period — — 783,599 135,394 — 918,993 Cash and cash equivalents, end of period — — 583,440 50,275 — 633,715

Significant Accounting Polici22

Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2017
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of Toll Brothers, Inc. (the “Company,” “we,” “us,” or “our”), a Delaware corporation, and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Investments in 50% or less owned partnerships and affiliates are accounted for using the equity method unless it is determined that we have effective control of the entity, in which case we would consolidate the entity. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The October 31, 2016 balance sheet amounts and disclosures included herein have been derived from our October 31, 2016 audited financial statements. Since the accompanying condensed consolidated financial statements do not include all the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements, we suggest that they be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2016 (“2016 Form 10-K”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary to present fairly our financial position as of January 31, 2017 ; the results of our operations for the three -month periods ended January 31, 2017 and 2016 ; and our cash flows for the three -month periods ended January 31, 2017 and 2016 . The results of operations for such interim periods are not necessarily indicative of the results to be expected for the full year.
Business Combination Disclosure [Text Block]	Acquisition In November 2016, we acquired substantially all of the assets and operations of Coleman Real Estate Holdings, LLC (“Coleman”) for $85.2 million in cash. The assets acquired were primarily inventory, including approximately 1,750 home sites owned or controlled through land purchase agreements. As part of the acquisition, we assumed contracts to deliver 128 homes with an aggregate value of $38.8 million . The average price of the undelivered homes at the date of acquisition was approximately $303,000 . Our selling community count increased by 15 communities at the acquisition date. The acquisition of Coleman’s assets and operations was not material to our results of operations or financial condition.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-05, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customers’ Accounting for Fees Paid in a Cloud Computing Arrangement” (“ASU 2015-05”). ASU 2015-05 provides guidance for a customer to determine whether a cloud computing arrangement contains a software license or should be accounted for as a service contract. We adopted ASU 2015-05 on November 1, 2016, and we elected to adopt the standard prospectively. The adoption did not have a material effect on our consolidated financial statements or disclosures. In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis” (“ASU 2015-02”), which eliminates the deferral granted to investment companies from applying the variable interest entities (“VIEs”) guidance and makes targeted amendments to the current consolidation guidance. The new guidance applies to all entities involved with limited partnerships or similar entities and will require re-evaluation of these entities under the revised guidance which may change previous consolidation conclusions. We adopted ASU 2015-02 on November 1, 2016, and the adoption did not have a material effect on our consolidated financial statements or disclosures. In February 2017, the FASB issued ASU No. 2017-05, “Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets” (“ASU 2017-05”). ASU 2017-05 is meant to clarify the scope of the original guidance within Subtopic 610-20 that was issued in connection with ASU 2014-09, as defined below, which provides guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with noncustomers. ASU 2017-05 additionally added guidance for partial sales of nonfinancial assets. ASU 2017-05 is effective for our fiscal year beginning November 1, 2018 and we are required to adopt ASU 2017-05 concurrent with the adoption of ASU 2014-09. We are currently evaluating the impact that the adoption of ASU 2017-05 may have on our consolidated financial statements and disclosures. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business” (“ASU 2017-01”), which provides a more robust framework for determining whether transactions should be accounted for as acquisitions of assets (or disposals) or businesses. ASU 2017-01 is effective for our fiscal year beginning November 1, 2018. We are currently evaluating the impact that the adoption of ASU 2017-01 may have on our consolidated financial statements and disclosures. In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 simplifies several aspects related to the accounting for share-based payment transactions, including the accounting for income taxes and forfeitures, statutory tax withholding requirements and classification on the statement of cash flows. ASU 2016-09 is effective for our fiscal year beginning November 1, 2017. We are currently evaluating the impact that the adoption of ASU 2016-09 may have on our consolidated financial statements and disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases” (“ASU 2016-02”), which requires an entity to recognize assets and liabilities on the balance sheet for the rights and obligations created by leased assets and provide additional disclosures. ASU 2016-02 is effective for our fiscal year beginning November 1, 2019, and, at that time, we will adopt the new standard using a modified retrospective approach. We are currently evaluating the impact that the adoption of ASU 2016-02 may have on our consolidated financial statements and disclosures. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which provides guidance for revenue recognition. ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets. ASU 2014-09 supersedes the revenue recognition requirements in Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition,” and most industry-specific guidance. ASU 2014-09 also supersedes some cost guidance included in ASC Subtopic 605-35, “Revenue Recognition—Construction-Type and Production-Type Contracts.” The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under the current guidance. These judgments and estimates include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price, and allocating the transaction price to each separate performance obligation. In August 2015, the FASB issued ASU 2015-14 “Revenue from Contracts with Customers” (“ASU 2015-14”), which delays the effective date of ASU 2014-09 by one year. ASU 2014-09, as amended by ASU 2015-14, is effective for our fiscal year beginning November 1, 2018, and, at that time, we expect to adopt the new standard under the modified retrospective approach. We do not believe the adoption of ASU 2014-09 will have a material impact on the amount or timing of our home building revenues. We are continuing to evaluate the impact the adoption of ASU 2014-09 may have on other aspects of our business and on our consolidated financial statements and disclosures.

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Jan. 31, 2017
Inventory Disclosure [Abstract]
Inventory	Inventory at January 31, 2017 and October 31, 2016 consisted of the following (amounts in thousands): January 31, October 31, Land controlled for future communities $ 72,075 $ 71,729 Land owned for future communities 1,620,763 1,884,146 Operating communities 5,847,136 5,398,092 $ 7,539,974 $ 7,353,967
Temporarily Closed communities	Information regarding the classification, number, and carrying value of these temporarily closed communities, as of the dates indicated, is provided in the table below: January 31, October 31, Land owned for future communities: Number of communities 13 18 Carrying value (in thousands) $ 103,607 $ 123,936 Operating communities: Number of communities 6 3 Carrying value (in thousands) $ 39,237 $ 8,523
Inventory impairment charges and expensing of costs that it is believed not to be recoverable	The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands): Three months ended January 31, 2017 2016 Land controlled for future communities $ 661 $ 381 Land owned for future communities 300 Operating communities 4,000 600 $ 4,661 $ 1,281
Interest incurred, capitalized and expensed	Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Three months ended January 31, 2017 2016 Interest capitalized, beginning of period $ 369,419 $ 373,128 Interest incurred 41,774 40,107 Interest expensed to cost of revenues (27,928 ) (32,023 ) Write-off against other income (42 ) (275 ) Interest capitalized on investments in unconsolidated entities (2,394 ) (1,007 ) Previously capitalized interest transferred to investments in unconsolidated entities (4,030 ) — Previously capitalized interest on investments in unconsolidated entities transferred to inventory 81 Interest capitalized, end of period $ 376,880 $ 379,930

Investments in Unconsolidated24

Investments in Unconsolidated Entities (Tables)	3 Months Ended
	Jan. 31, 2017
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Summary of Joint Venture Information [Table Text Block]	The table below provides information as of January 31, 2017 , regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands): Land Home Building Rental Property Gibraltar Total Number of unconsolidated entities 7 4 13 4 28 Investment in unconsolidated entities $ 300,124 $ 130,487 $ 149,599 $ 21,486 $ 601,696 Number of unconsolidated entities with funding commitments by the Company 5 1 3 1 10 Company’s remaining funding commitment to unconsolidated entities $ 43,794 $ 8,300 $ 3,850 $ 9,621 $ 65,565
Summary of Joint Ventures Borrowing information [Table Text Block]	Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at January 31, 2017 , regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 3 1 11 15 Aggregate loan commitments $ 275,000 $ 236,500 $ 1,002,866 $ 1,514,366 Amounts borrowed under loan commitments $ 237,626 $ 57,548 $ 708,174 $ 1,003,348
Condensed balance sheet	Condensed Balance Sheets: January 31, October 31, Cash and cash equivalents $ 110,665 $ 130,794 Inventory 1,177,928 1,074,888 Loans receivable, net 26,684 — Non-performing loan portfolio 3,835 4,298 Rental properties 675,069 621,615 Rental properties under development 312,645 302,632 Real estate owned (“REO”) 84,471 87,226 Other assets 169,064 175,805 Total assets $ 2,560,361 $ 2,397,258 Debt $ 1,008,011 $ 1,164,883 Other liabilities 132,829 152,881 Members’ equity 1,322,829 980,354 Noncontrolling interest 96,692 99,140 Total liabilities and equity $ 2,560,361 $ 2,397,258 Company’s net investment in unconsolidated entities (1) $ 601,696 $ 496,411 (1) Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of the acquisition price of an investment in a Land Development Joint Venture in fiscal 2012 that was in excess of our pro rata share of the underlying equity; impairments related to our investment in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations and comprehensive income	Condensed Statements of Operations and Comprehensive Income: Three months ended January 31, 2017 2016 Revenues $ 295,702 $ 42,486 Cost of revenues 165,706 35,513 Other expenses 21,134 9,307 Total expenses 186,840 44,820 Gain on disposition of loans and REO 8,886 25,983 Income from operations 117,748 23,649 Other income 2,586 1,005 Income before income taxes 120,334 24,654 Income tax provision 3,827 — Net income including earnings from noncontrolling interests 116,507 24,654 Less: income attributable to noncontrolling interest (2,080 ) (11,610 ) Net income attributable to controlling interest 114,427 13,044 Other comprehensive income — 87 Total comprehensive income $ 114,427 $ 13,131 Company’s equity in earnings of unconsolidated entities (2) $ 46,445 $ 8,638 (2) Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are primarily a result of a basis difference of an acquired joint venture interest; distributions from entities in excess of the carrying amount of our net investment; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.

Receivables, Prepaid Expenses25

Receivables, Prepaid Expenses, and Other Assets (Tables)	3 Months Ended
	Jan. 31, 2017
Receivables, prepaid expenses and other assets [Abstract]
Receivables, prepaid expenses, and other assets [Table Text Block]	Receivables, prepaid expenses, and other assets at January 31, 2017 and October 31, 2016 , consisted of the following (amounts in thousands): January 31, 2017 October 31, 2016 Expected recoveries from insurance carriers and others $ 164,510 $ 165,696 Improvement cost receivable 91,910 85,627 Escrow cash held by our captive title company 40,811 138,633 Property held for rental development 112,958 81,693 Investment in foreclosed real estate owned 10,604 11,552 Prepaid expenses 20,794 25,659 Other 71,387 73,898 $ 512,974 $ 582,758

Loans Payable, Senior Notes a26

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Tables)	3 Months Ended
	Jan. 31, 2017
Debt Disclosure [Abstract]
Loans Payable [Text Block]	At January 31, 2017 and October 31, 2016 , loans payable consisted of the following (amounts in thousands): January 31, October 31, Senior unsecured term loan $ 500,000 $ 500,000 Credit facility borrowings 250,000 250,000 Loans payable – other 131,537 122,809 Deferred issuance costs (1,643 ) (1,730 ) $ 879,894 $ 871,079

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Jan. 31, 2017
Payables and Accruals [Abstract]
Accrued expenses	Accrued expenses at January 31, 2017 and October 31, 2016 consisted of the following (amounts in thousands): January 31, October 31, Land, land development, and construction $ 131,290 $ 153,264 Compensation and employee benefits 138,680 138,282 Escrow liability 40,360 137,396 Self-insurance 124,100 126,431 Warranty 364,058 370,992 Deferred income 38,940 43,488 Interest 39,325 34,903 Commitments to unconsolidated entities 6,411 5,637 Other 56,938 61,907 $ 940,102 $ 1,072,300
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 January 31, 2017 2016 Balance, beginning of period $ 370,992 $ 93,083 Additions – homes closed during the period 5,104 4,496 Addition – Coleman liabilities acquired 1,111 Increase in accruals for homes closed in prior years 1,694 2,453 Reclassification from other accruals 732 Charges incurred (15,575 ) (9,371 ) Balance, end of period $ 364,058 $ 90,661

Stock-Based Benefit Plans (Tabl

Stock-Based Benefit Plans (Tables)	3 Months Ended
	Jan. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense and income tax benefit recognized	Information regarding the amount of total stock-based compensation expense and tax benefit recognized by us, for the periods indicated, is as follows (amounts in thousands): Three months ended January 31, 2017 2016 Total stock-based compensation expense recognized $ 9,329 $ 9,223 Income tax benefit recognized $ 3,653 $ 3,555

Stock Issuance and Stock Repurc

Stock Issuance and Stock Repurchase Program (Tables)	3 Months Ended
	Jan. 31, 2017
Stock Repurchase Program [Abstract]
Stock repurchase program	The table below provides, for the periods indicated, information about our share repurchase programs: Three months ended January 31, 2017 2016 Number of shares purchased (in thousands) 557 4,770 Average price per share $ 27.33 $ 31.48 Remaining authorization at January 31 (in thousands) 15,281 13,765

Income Per Share Information (T

Income Per Share Information (Tables)	3 Months Ended
	Jan. 31, 2017
Earnings Per Share [Abstract]
Income per share calculation	The table below provides, for the periods indicated, information pertaining to the calculation of income per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands): Three months ended January 31, 2017 2016 Numerator: Net income as reported $ 70,416 $ 73,180 Plus interest and costs attributable to 0.5% Exchangeable Senior Notes, net of income tax benefit 384 389 Numerator for diluted earnings per share $ 70,800 $ 73,569 Denominator: Basic weighted-average shares 162,588 174,205 Common stock equivalents (a) 1,971 2,328 Shares attributable to 0.5% Exchangeable Senior Notes 5,858 5,858 Diluted weighted-average shares 170,417 182,391 Other information: Weighted-average number of antidilutive options and restricted stock units (b) 5,204 2,954 Shares issued under stock incentive and employee stock purchase plans 1,280 473 (a) Common stock equivalents represent the dilutive effect of outstanding in-the-money stock options using the treasury stock method and shares expected to be issued under performance-based restricted stock units and nonperformance-based restricted stock units. (b) Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the NYSE for the period.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Jan. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Summary of assets and (liabilities), measured at fair value on a recurring basis	The table below provides, as of the dates indicated, a summary of assets (liabilities) related to our financial instruments, measured at fair value on a recurring basis (amounts in thousands): Fair value Financial Instrument Fair value hierarchy January 31, October 31, 2016 Mortgage Loans Held for Sale Level 2 $ 85,765 $ 248,601 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 1,009 $ 1,390 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (3,917 ) $ (921 ) Forward Loan Commitments — IRLCs Level 2 $ 3,917 $ 921
Aggregate unpaid principal and fair value of mortgage loans held for sale	The table below provides, as of the dates indicated, the aggregate unpaid principal and fair value of mortgage loans held for sale (amounts in thousands): Aggregate unpaid principal balance Fair value Excess/(Deficit) At January 31, 2017 $ 86,122 $ 85,765 $ (357 ) At October 31, 2016 $ 246,794 $ 248,601 $ 1,807
Fair value of inventory adjusted for impairment	The table below provides, for the periods indicated, the fair value of operating communities whose carrying value was adjusted and the amount of impairment charges recognized ($ amounts in thousands): Impaired operating communities Three months ended: Number of Number of Fair value of Impairment charges recognized Fiscal 2017: January 31 57 2 $ 8,372 $ 4,000 $ 4,000 Fiscal 2016: January 31 43 2 $ 1,713 $ 600 April 30 41 2 $ 10,103 6,100 July 31 51 2 $ 11,714 1,250 October 31 59 2 $ 1,126 415 $ 8,365
Book value and estimated fair value of the Company's debt	The table below provides, as of the dates indicated, the book value and estimated fair value of our debt (amounts in thousands): January 31, 2017 October 31, 2016 Fair value Book value Estimated fair value Book value Estimated fair value Loans payable (a) Level 2 $ 881,537 $ 879,581 $ 872,809 $ 870,384 Senior notes (b) Level 1 2,707,376 2,814,780 2,707,376 2,843,177 Mortgage company loan facility (c) Level 2 57,040 57,040 210,000 210,000 $ 3,645,953 $ 3,751,401 $ 3,790,185 $ 3,923,561 (a) The estimated fair value of loans payable was based upon contractual cash flows discounted at interest rates that we believed were available to us for loans with similar terms and remaining maturities as of the applicable valuation date. (b) The estimated fair value of our senior notes is based upon their market prices as of the applicable valuation date. (c) We believe that the carrying value of our mortgage company loan borrowings approximates their fair value.
Operating communities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	The table below summarizes, for the periods indicated, the ranges of certain quantitative unobservable inputs utilized in determining the fair value of impaired operating communities: Three months ended: Selling price per unit ($ in thousands) Sales pace per year (in units) Discount rate Fiscal 2017: January 31 692 - 880 4 - 12 16.3% Fiscal 2016: January 31 — — — April 30 369 - 394 18 - 23 16.3% July 31 — — — October 31 — — —

Other Income - Net (Tables)

Other Income - Net (Tables)	3 Months Ended
	Jan. 31, 2017
Other Income and Expenses [Abstract]
Other Income - net	The table below provides the significant components of other income – net (amounts in thousands): Three months ended January 31, 2017 2016 Interest income $ 941 $ 404 Income from ancillary businesses 2,297 3,729 Gibraltar (62 ) 828 Management fee income from unconsolidated entities 4,289 2,107 Retained customer deposits 1,746 2,113 Income from land sales 3,559 3,998 Other (67 ) 541 Total other income – net $ 12,703 $ 13,720
Revenues and expenses of non-core ancillary businesses	The table below provides, for the periods indicated, revenues and expenses for our ancillary businesses (amounts in thousands): Three months ended January 31, 2017 2016 Revenues $ 28,528 $ 24,869 Expenses $ 26,231 $ 21,140
Schedule of revenues and expenses from land sales [Table Text Block]	The table below provides, for the periods indicated, revenues and expenses recognized from land sales (amounts in thousands): Three months ended January 31, 2017 2016 Revenues $ 144,714 $ 10,691 Expenses (144,273 ) (6,693 ) Deferred gain recognized 3,118 — Income from land sales $ 3,559 $ 3,998

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Jan. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Company land purchase commitments	Information regarding our land purchase commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, 2017 October 31, 2016 Aggregate purchase commitments: Unrelated parties $ 1,388,618 $ 1,544,185 Unconsolidated entities that the Company has investments in 54,226 79,204 Total $ 1,442,844 $ 1,623,389 Deposits against aggregate purchase commitments $ 70,502 $ 65,299 Additional cash required to acquire land 1,372,342 1,558,090 Total $ 1,442,844 $ 1,623,389 Amount of additional cash required to acquire land included in accrued expenses $ 16,985 $ 18,266
Company mortgage commitments	Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, October 31, 2016 Aggregate mortgage loan commitments: IRLCs $ 352,279 $ 255,647 Non-IRLCs 1,178,730 1,094,861 Total $ 1,531,009 $ 1,350,508 Investor commitments to purchase: IRLCs $ 352,279 $ 255,647 Mortgage loans receivable 71,668 231,398 Total $ 423,947 $ 487,045

Information on Segments (Tables

Information on Segments (Tables)	3 Months Ended
	Jan. 31, 2017
Segment Reporting [Abstract]
Revenue and income (loss) before income taxes and total assets	Revenue and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2017 2016 Revenues: Traditional Home Building: North $ 145,638 $ 120,818 Mid-Atlantic 184,051 169,808 South 142,196 146,798 West 211,133 137,258 California 219,776 216,903 Traditional Home Building 902,794 791,585 City Living 17,936 136,981 Total $ 920,730 $ 928,566 Income (loss) before income taxes: Traditional Home Building: North $ 10,093 $ 8,033 Mid-Atlantic 11,632 16,983 South 13,111 21,245 West 25,497 19,688 California 43,193 43,536 Traditional Home Building 103,526 109,485 City Living 43,102 43,680 Corporate and other (36,847 ) (36,348 ) Total $ 109,781 $ 116,817 “Corporate and other” is comprised principally of general corporate expenses such as the offices of our executive officers; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including Gibraltar; and income from a number of our unconsolidated entities. Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands): January 31, October 31, Traditional Home Building: North $ 1,071,049 $ 1,020,250 Mid-Atlantic 1,182,142 1,166,023 South 1,257,109 1,203,554 West 1,250,759 1,130,625 California 2,625,956 2,479,885 Traditional Home Building 7,387,015 7,000,337 City Living 824,419 946,738 Corporate and other 1,305,366 1,789,714 Total $ 9,516,800 $ 9,736,789 “Corporate and other” is comprised principally of cash and cash equivalents, restricted cash and investments, deferred tax assets, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, our Gibraltar investments, manufacturing facilities, and our mortgage and title subsidiaries.

Supplemental Disclosure to Co35

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows (Tables)	3 Months Ended
	Jan. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental disclosures to the statements of cash flows	The following are supplemental disclosures to the Condensed Consolidated Statements of Cash Flows, for the periods indicated (amounts in thousands): Three months ended January 31, 2017 2016 Cash flow information: Interest capitalized, net of amount paid $ 419 $ 8,227 Income tax payments $ 80,070 $ 38,781 Income tax refunds $ 911 $ 1,874 Noncash activity: Cost of inventory acquired through seller financing or municipal bonds, net $ 18,011 $ 10,534 Reduction in inventory for our share of earnings in land purchased from unconsolidated entities and allocation of basis difference $ 3,654 $ 160 Defined benefit plan amendment $ 757 Deferred tax decrease related to stock-based compensation activity included in additional paid-in capital $ 4,935 $ 3,249 Transfer of inventory to investment in unconsolidated entities $ 36,256 Acquisition of a Business: Fair value of assets purchased $ 90,560 Liabilities assumed $ 5,377 Cash paid $ 85,183

Supplemental Guarantor Inform36

Supplemental Guarantor Information (Tables)	3 Months Ended
	Jan. 31, 2017
Supplemental Guarantor Information [Abstract]
Senior Notes issued by Subsidiary Issuer [Table Text Block]	At January 31, 2017 , our 100% -owned subsidiary, Toll Brothers Finance Corp. (the “Subsidiary Issuer”), has issued the following outstanding Senior Notes (amounts in thousands): Original amount issued and amount outstanding 8.91% Senior Notes due 2017 $ 400,000 4.0% Senior Notes due 2018 $ 350,000 6.75% Senior Notes due 2019 $ 250,000 5.875% Senior Notes due 2022 $ 419,876 4.375% Senior Notes due 2023 $ 400,000 5.625% Senior Notes due 2024 $ 250,000 4.875% Senior Notes due 2025 $ 350,000 0.5% Exchangeable Senior Notes due 2032 $ 287,500
Supplemental Consolidated Financial Information	Supplemental consolidating financial information of Toll Brothers, Inc., the Subsidiary Issuer, the Guarantor Subsidiaries, the Nonguarantor Subsidiaries, and the eliminations to arrive at Toll Brothers, Inc. on a consolidated basis is presented below ($ amounts in thousands). Condensed Consolidating Balance Sheet at January 31, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents — — 280,504 92,965 — 373,469 Restricted cash and investments 11,796 649 12,445 Inventory 7,244,287 295,687 7,539,974 Property, construction and office equipment, net 156,691 15,768 172,459 Receivables, prepaid expenses and other assets 17 353,100 200,837 (40,980 ) 512,974 Mortgage loans held for sale 85,765 85,765 Customer deposits held in escrow 57,663 349 58,012 Investments in unconsolidated entities 96,840 504,856 601,696 Investments in foreclosed real estate and distressed loans — Investments in and advances to consolidated entities 4,163,667 2,747,471 91,740 166,492 (7,169,370 ) — Deferred tax assets, net of valuation allowances 160,006 160,006 4,335,486 2,747,471 8,280,825 1,363,368 (7,210,350 ) 9,516,800 LIABILITIES AND EQUITY Liabilities Loans payable 879,894 879,894 Senior notes 2,687,342 8,182 2,695,524 Mortgage company loan facility 57,040 57,040 Customer deposits 326,407 17,743 344,150 Accounts payable 256,323 2,371 258,694 Accrued expenses 36,869 585,661 367,776 (50,204 ) 940,102 Advances from consolidated entities 1,834,429 728,851 (2,563,280 ) — Income taxes payable 20,372 20,372 Total liabilities 20,372 2,724,211 3,882,714 1,173,781 (2,605,302 ) 5,195,776 Equity Stockholders’ equity Common stock 1,779 48 3,006 (3,054 ) 1,779 Additional paid-in capital 718,861 49,400 93,734 (143,134 ) 718,861 Retained earnings (deficits) 4,047,713 (26,140 ) 4,398,063 86,937 (4,458,860 ) 4,047,713 Treasury stock, at cost (450,072 ) (450,072 ) Accumulated other comprehensive loss (3,167 ) (3,167 ) Total stockholders’ equity 4,315,114 23,260 4,398,111 183,677 (4,605,048 ) 4,315,114 Noncontrolling interest 5,910 5,910 Total equity 4,315,114 23,260 4,398,111 189,587 (4,605,048 ) 4,321,024 4,335,486 2,747,471 8,280,825 1,363,368 (7,210,350 ) 9,516,800 Condensed Consolidating Balance Sheet at October 31, 2016 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated ASSETS Cash and cash equivalents — — 583,440 50,275 — 633,715 Restricted cash and investments 11,708 19,583 31,291 Inventory 6,896,205 457,806 (44 ) 7,353,967 Property, construction and office equipment, net 153,663 15,913 169,576 Receivables, prepaid expenses and other assets 77 319,319 299,978 (36,616 ) 582,758 Mortgage loans held for sale 248,601 248,601 Customer deposits held in escrow 50,079 2,978 53,057 Investments in unconsolidated entities 101,999 394,412 496,411 Investments in and advances to consolidated entities 4,112,876 2,741,160 20,519 90,671 (6,965,226 ) — Deferred tax assets, net of valuation allowances 167,413 167,413 4,292,074 2,741,160 8,125,224 1,580,217 (7,001,886 ) 9,736,789 LIABILITIES AND EQUITY Liabilities Loans payable 871,079 871,079 Senior notes 2,683,823 10,549 2,694,372 Mortgage company loan facility 210,000 210,000 Customer deposits 292,794 16,305 309,099 Accounts payable 280,107 1,848 281,955 Accrued expenses 32,559 610,958 469,527 (40,744 ) 1,072,300 Advances from consolidated entities 1,737,682 799,082 (2,536,764 ) — Income taxes payable 62,782 62,782 Total liabilities 62,782 2,716,382 3,792,620 1,496,762 (2,566,959 ) 5,501,587 Equity Stockholders’ equity Common stock 1,779 48 3,006 (3,054 ) 1,779 Additional paid-in capital 728,464 49,400 6,734 (56,134 ) 728,464 Retained earnings (deficits) 3,977,297 (24,622 ) 4,332,556 67,805 (4,375,739 ) 3,977,297 Treasury stock, at cost (474,912 ) (474,912 ) Accumulated other comprehensive loss (3,336 ) (3,336 ) Total stockholders’ equity 4,229,292 24,778 4,332,604 77,545 (4,434,927 ) 4,229,292 Noncontrolling interest 5,910 5,910 Total equity 4,229,292 24,778 4,332,604 83,455 (4,434,927 ) 4,235,202 4,292,074 2,741,160 8,125,224 1,580,217 (7,001,886 ) 9,736,789 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended January 31, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Revenues 915,823 45,696 (40,789 ) 920,730 Cost of revenues 724,257 29,471 (20,726 ) 733,002 Selling, general and administrative 968 143,881 16,948 (24,702 ) 137,095 — 968 868,138 46,419 (45,428 ) 870,097 Income (loss) from operations — (968 ) 47,685 (723 ) 4,639 50,633 Other: Income from unconsolidated entities 5,144 41,301 46,445 Other income – net 2,393 7,251 4,500 (1,441 ) 12,703 Intercompany interest income 36,496 (36,496 ) — Interest expense (37,895 ) (663 ) 38,558 — Income from subsidiaries 107,388 42,048 (149,436 ) — Income (loss) before income taxes 109,781 (2,367 ) 102,128 44,415 (144,176 ) 109,781 Income tax provision (benefit) 39,365 (849 ) 36,621 15,926 (51,698 ) 39,365 Net income (loss) 70,416 (1,518 ) 65,507 28,489 (92,478 ) 70,416 Other comprehensive income 169 169 Total comprehensive income (loss) 70,585 (1,518 ) 65,507 28,489 (92,478 ) 70,585 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended January 31, 2016 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Revenues 784,596 170,223 (26,253 ) 928,566 Cost of revenues 624,801 90,087 (2,577 ) 712,311 Selling, general and administrative 12 969 125,905 17,973 (23,063 ) 121,796 12 969 750,706 108,060 (25,640 ) 834,107 Income (loss) from operations (12 ) (969 ) 33,890 62,163 (613 ) 94,459 Other: Income from unconsolidated entities 2,997 5,641 8,638 Other income – net 2,391 8,169 4,193 (1,033 ) 13,720 Intercompany interest income 36,497 (36,497 ) — Interest expense (37,895 ) (248 ) 38,143 — Income from subsidiaries 114,438 69,382 (183,820 ) — Income (loss) before income taxes 116,817 (2,367 ) 114,438 71,749 (183,820 ) 116,817 Income tax provision (benefit) 43,637 (912 ) 44,104 27,652 (70,844 ) 43,637 Net income (loss) 73,180 (1,455 ) 70,334 44,097 (112,976 ) 73,180 Other comprehensive (loss) income (288 ) 27 (261 ) Total comprehensive income (loss) 72,892 (1,455 ) 70,361 44,097 (112,976 ) 72,919 Consolidating Statement of Operations and Comprehensive Income (Loss) for the fiscal year ended October 31, 2016 Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues 4,984,356 361,685 (176,533 ) 5,169,508 Cost of revenues 3,919,729 288,044 (63,708 ) 4,144,065 Selling, general and administrative 75 3,809 558,822 74,328 (101,652 ) 535,382 75 3,809 4,478,551 362,372 (165,360 ) 4,679,447 Income (loss) from operations (75 ) (3,809 ) 505,805 (687 ) (11,173 ) 490,061 Other: Income from unconsolidated entities 16,913 23,835 40,748 Other income - net 9,501 27,873 17,456 3,388 58,218 Intercompany interest income 145,828 (145,828 ) — Interest expense (151,410 ) (2,203 ) 153,613 — Income from consolidated subsidiaries 579,601 29,010 (608,611 ) — Income (loss) before income taxes 589,027 (9,391 ) 579,601 38,401 (608,611 ) 589,027 Income tax provision (benefit) 206,932 (3,299 ) 203,614 13,490 (213,805 ) 206,932 Net income (loss) 382,095 (6,092 ) 375,987 24,911 (394,806 ) 382,095 Other comprehensive (loss) income (858 ) 31 (827 ) Total comprehensive income (loss) 381,237 (6,092 ) 376,018 24,911 (394,806 ) 381,268 Condensed Consolidating Statement of Cash Flows for the three months ended January 31, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Net cash (used in) provided by operating activities (25,840 ) 6,311 (273,424 ) 338,773 (3,856 ) 41,964 Cash flow provided by (used in) investing activities: Purchase of property and equipment - net (6,393 ) 79 (6,314 ) Investment in unconsolidated entities (267 ) (99,674 ) (99,941 ) Return of investments in unconsolidated entities 9,950 23,303 33,253 Investment in foreclosed real estate and distressed loans (274 ) (274 ) Return of investments in foreclosed real estate and distressed loans 1,852 1,852 Acquisition of a business (85,183 ) (85,183 ) Investment paid - intercompany 45,000 (45,000 ) — Intercompany advances 14,992 (6,311 ) (8,681 ) — Net cash provided by (used in) investing activities 14,992 (6,311 ) (36,893 ) (74,714 ) (53,681 ) (156,607 ) Cash flow used in financing activities: Proceeds from loans payable 360,382 360,382 Debt issuance costs for loans payable — Principal payments of loans payable (3,491 ) (513,342 ) (516,833 ) Proceeds from stock-based benefit plans 25,831 25,831 Excess tax benefits from stock-based compensation 253 253 Purchase of treasury stock (15,236 ) (15,236 ) Dividend paid - intercompany — Investment received intercompany 45,000 (45,000 ) — Intercompany advances 10,872 (113,409 ) 102,537 — Net cash used in financing activities 10,848 — 7,381 (221,369 ) 57,537 (145,603 ) Net decrease in cash and cash equivalents — — (302,936 ) 42,690 — (260,246 ) Cash and cash equivalents, beginning of period — — 583,440 50,275 — 633,715 Cash and cash equivalents, end of period — — 280,504 92,965 — 373,469 Condensed Consolidating Statement of Cash Flows for the three months ended January 31, 2016 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Net cash (used in) provided by operating activities 18,482 14,528 (178,283 ) 132,051 (10,003 ) (23,225 ) Cash flow provided by (used in) investing activities: Purchase of property and equipment — net (1,667 ) 74 (1,593 ) Purchase of marketable securities — Sale and redemption of marketable securities 10,000 10,000 Investments in unconsolidated entities (1,445 ) (10,393 ) (11,838 ) Return of investments in unconsolidated entities 12,167 2,637 14,804 Investment in foreclosed real estate and distressed loans (694 ) (694 ) Return of investments in foreclosed real estate and distressed loans 5,321 5,321 Dividend received – intercompany 5,000 (5,000 ) — Intercompany advances 126,587 (14,464 ) (112,123 ) — Net cash provided by (used in) investing activities 126,587 (14,464 ) 14,055 6,945 (117,123 ) 16,000 Cash flow used in financing activities: Debt issuance costs for senior notes (64 ) (64 ) Proceeds from loans payable 339,854 339,854 Principal payments of loans payable (394,592 ) (375,947 ) (770,539 ) Proceeds from stock-based benefit plans 4,769 4,769 Excess tax benefits from stock-based compensation 297 297 Purchase of treasury stock (150,135 ) (150,135 ) Receipts related to noncontrolling interest 294 294 Dividend paid – intercompany (5,000 ) 5,000 — Intercompany advances (46,017 ) (76,109 ) 122,126 — Net cash used in financing activities (145,069 ) (64 ) (440,609 ) (116,908 ) 127,126 (575,524 ) Net (decrease) increase in cash and cash equivalents — — (604,837 ) 22,088 — (582,749 ) Cash and cash equivalents, beginning of period — — 783,599 135,394 — 918,993 Cash and cash equivalents, end of period — — 178,762 157,482 — 336,244 Consolidating Statement of Cash Flows for the fiscal year ended October 31, 2016 Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities 60,465 14,768 105,709 (64,386 ) 32,215 148,771 Cash flow provided by (used in) investing activities: Purchase of property and equipment — net (27,835 ) (591 ) (28,426 ) Purchase of marketable securities — Sale and redemption of marketable securities 10,000 10,000 Investment in unconsolidated entities (2,637 ) (67,018 ) (69,655 ) Return of investments in unconsolidated entities 32,857 14,949 47,806 Investment in distressed loans and foreclosed real estate (1,133 ) (1,133 ) Return of investments in distressed loans and foreclosed real estate 49,619 49,619 Dividends received intercompany 5,000 (5,000 ) — Investment paid intercompany (5,000 ) 5,000 — Intercompany advances 323,207 (14,733 ) (308,474 ) — Net cash provided by (used in) investing activities 323,207 (14,733 ) 2,385 5,826 (308,474 ) 8,211 Cash flow (used in) provided by financing activities: Debt issuance costs for senior notes (35 ) (35 ) Proceeds from loans payable 550,000 1,893,496 2,443,496 Debt issuance costs for loans payable (4,868 ) (4,868 ) Principal payments of loans payable (714,089 ) (1,783,496 ) (2,497,585 ) Proceeds from stock-based benefit plans 6,986 6,986 Excess tax benefits from stock-based compensation 2,114 2,114 Purchase of treasury stock (392,772 ) (392,772 ) Receipts related to noncontrolling interest 404 404 Dividends paid intercompany (5,000 ) 5,000 — Investment received intercompany 5,000 (5,000 ) — Intercompany advances (139,296 ) (136,963 ) 276,259 — Net cash (used in) provided by financing activities (383,672 ) (35 ) (308,253 ) (26,559 ) 276,259 (442,260 ) Net decrease in cash and cash equivalents — — (200,159 ) (85,119 ) — (285,278 ) Cash and cash equivalents, beginning of period — — 783,599 135,394 — 918,993 Cash and cash equivalents, end of period — — 583,440 50,275 — 633,715

Significant Accounting Polici37

Significant Accounting Policies (Details)	1 Months Ended	3 Months Ended		12 Months Ended
	Nov. 30, 2016USD ($)communitieshome_sites	Jan. 31, 2017USD ($)luxury_homes	Jan. 31, 2016USD ($)	Oct. 31, 2016USD ($)	Nov. 07, 2016USD ($)home_sites
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 85,183,000		$ 0
Number of Homes to be Delivered | luxury_homes		5,145
Sales Value of Outstanding Deliver Homes		$ 4,350,000,000
Coleman Holdings LLC [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 85,183,000
Number of home sites included in acquisition | home_sites	1,750
Number of Homes to be Delivered | home_sites					128
Sales Value of Outstanding Deliver Homes					$ 38,800,000
Average Sales Price of Backlog					$ 303,000
Business acquisition, number of selling communities | communities	15

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Total Inventory
Inventory	$ 7,539,974	$ 7,353,967
Land controlled for future communities [Member]
Total Inventory
Inventory	72,075	71,729
Land Owned for Future Communities [Member]
Total Inventory
Inventory	1,620,763	1,884,146
Operating communities [Member]
Total Inventory
Inventory	$ 5,847,136	$ 5,398,092

Inventory (Details 1)

Inventory (Details 1) $ in Thousands	Jan. 31, 2017USD ($)communities	Oct. 31, 2016USD ($)communities
Land Owned for Future Communities [Member]
Temporarily Closed communities
Number of Communities (in ones) | communities	13	18
Carrying Value | $	$ 103,607	$ 123,936
Operating communities [Member]
Temporarily Closed communities
Number of Communities (in ones) | communities	6	3
Carrying Value | $	$ 39,237	$ 8,523

Inventory (Details 2)

Inventory (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Schedule of inventory [Line Items]
Inventory Write-down	$ 4,661	$ 1,281
Land controlled for future communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	661	381
Land Owned for Future Communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down		300
Operating communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	$ 4,000	$ 600

Inventory (Details 3)

Inventory (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Inventory Disclosure [Abstract]
Interest capitalized, beginning of period	$ 369,419	$ 373,128
Interest incurred	41,774	40,107
Interest expensed to cost of revenues	(27,928)	(32,023)
Write-off against other income	(42)	(275)
Interest capitalized on investments in unconsolidated entities	(2,394)	(1,007)
Real Estate Inventory Capitalized Interest Transferred to Unconsolidated Entities	(4,030)	0
Real Estate Inventory Capitalized Interest Unconsolidated Entities Transfer to Inventory	81
Interest capitalized, end of period	$ 376,880	$ 379,930

Inventory (Details Textual)

Inventory (Details Textual) - Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure [Member] $ in Thousands	Jan. 31, 2017USD ($)	Oct. 31, 2016USD ($)
Variable Interest Entity [Line Items]
Number of VIE Land Purchase Contracts (in ones)	82	78
Aggregate purchase price of VIE lands	$ 964,400	$ 987,300
Deposits for purchase of lands with VIE entities	$ 46,700	$ 44,100

Investments in Unconsolidated43

Investments in Unconsolidated Entities (Details 1) $ in Thousands	Jan. 31, 2017USD ($)joint_ventures	Oct. 31, 2016USD ($)
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	28
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 601,696	$ 496,411
Number of joint venture with funding commitments | joint_ventures	10
Other Commitment | $	$ 65,565
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	7
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 300,124
Number of joint venture with funding commitments | joint_ventures	5
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	4
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 130,487
Number of joint venture with funding commitments | joint_ventures	1
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	13
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 149,599
Number of joint venture with funding commitments | joint_ventures	3
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	4
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 21,486
Number of joint venture with funding commitments | joint_ventures	1
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Other Commitment | $	$ 43,794
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Other Commitment | $	8,300
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Other Commitment | $	3,850
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Other Commitment | $	$ 9,621

Investments in Unconsolidated44

Investments in Unconsolidated Entities (Details 2) $ in Thousands	Jan. 31, 2017USD ($)joint_ventures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	15
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,514,366
Amounts borrowed under commitments	$ 1,003,348
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	3
Line of Credit Facility, Maximum Borrowing Capacity	$ 275,000
Amounts borrowed under commitments	$ 237,626
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	1
Line of Credit Facility, Maximum Borrowing Capacity	$ 236,500
Amounts borrowed under commitments	$ 57,548
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	11
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,002,866
Amounts borrowed under commitments	$ 708,174

Investments in Unconsolidated45

Investments in Unconsolidated Entities (Details Textual)	1 Months Ended	3 Months Ended			9 Months Ended	12 Months Ended	35 Months Ended
	Dec. 31, 2016USD ($)	Jan. 31, 2017USD ($)joint_venturesHomes_soldrental_unitshome_sites	Jan. 31, 2016USD ($)Homes_soldhome_sites	Jan. 31, 2015USD ($)	Jul. 31, 2016USD ($)	Oct. 31, 2016USD ($)	Mar. 08, 2016USD ($)	Dec. 06, 2016USD ($)	Dec. 05, 2016USD ($)	Nov. 23, 2016USD ($)	Apr. 15, 2016USD ($)
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Summarized Financial Information, Revenue		$ 295,702,000	$ 42,486,000
Escrow Deposit		40,811,000				$ 138,633,000
Other Commitment		65,565,000
Payments to Acquire Equity Method Investments		99,941,000	11,838,000			69,655,000
Land Sales		144,714,000	10,691,000
Proceeds from Equity Method Investment, Dividends or Distributions		48,581,000	3,870,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		601,696,000				496,411,000
Land sales earnings, net		3,559,000	3,998,000
Line of Credit Facility, Maximum Borrowing Capacity		1,514,366,000
Long-term Line of Credit		$ 1,003,348,000
Number of Joint Ventures | joint_ventures		28
Management Fees Revenue		$ 4,289,000	$ 2,107,000
Rental Property Joint Venture Boston Suburb [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property | rental_units		390
Line of Credit Facility, Maximum Borrowing Capacity		$ 91,000,000
Long-term Line of Credit		$ 0
Home Building Joint Ventures, Total [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Home sites sold | Homes_sold		87	19
Equity Method Investment, Summarized Financial Information, Revenue		$ 217,389,000	$ 16,042,000
Line of Credit Facility, Maximum Borrowing Capacity		236,500,000
Long-term Line of Credit		57,548,000
Home Building Joint Venture Metro New York Four [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity								$ 236,500,000
Long-term Line of Credit		$ 57,500,000
Land Development Joint Venture, Irvine, California [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property | home_sites		840
Expected Percentage Of Homes To Be Sold To Each Joint Venture Partner		50.00%
Secured Debt						320,000,000
Payments to Acquire Equity Method Investments	$ 80,000,000
Line of Credit Facility, Maximum Borrowing Capacity									$ 200,000,000
Long-term Line of Credit		$ 186,700,000
Rental Property Joint Ventures Metro Washington, D.C. [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property							525
Rental Property Joint Venture Metro New York [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity		$ 80,000,000
Line of Credit Facility, term of contract		3 years
Long-term Line of Credit		$ 80,000,000
Residential and Hotel JV [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity						160,000,000
Toll Brothers Realty Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Partners' Capital Account, Distributions			$ 2,000,000	$ 0
Toll Brothers Realty Trust [Member] | Co-venturer [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		33.30%
Toll Brothers Realty Trust [Member] | Management [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		33.30%
Rental Joint Ventures, including the Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Real Estate Properties | joint_ventures		10
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,002,866,000
Long-term Line of Credit		$ 708,174,000
Rental Property Joint Venture Boston Suburb [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		25.00%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 9,300,000
Rental Property Joint Venture Boston Suburb [Member] | Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other Commitment		$ 1,700,000
Home Building Joint Venture Metro New York Four [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Payments to Acquire and Develop Real Estate	176,000,000
Escrow Deposit						106,100,000
Equity Method Investment, Ownership Percentage		20.00%
Land Sales		$ 143,300,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 30,000,000
Proceeds from Sale of Real Estate	$ 148,000,000
Land Development Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Home sites sold | home_sites		303	83
Equity Method Investment, Summarized Financial Information, Revenue		$ 56,275,000	$ 12,622,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 300,124,000
Number of Joint Ventures | joint_ventures		7
Land Development Joint Ventures [Member] | Equity Method Investee [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Deferred Gain on Sale		$ 3,735,000	$ 160,000
Home sites sold | home_sites		102	9
Equity Method Investment, Summarized Financial Information, Revenue		$ 24,979,000	$ 837,000
Land Development Joint Ventures [Member] | Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other Commitment		$ 43,794,000
Land Development Joint Venture, Irvine, California [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		50.00%
Other Commitment		$ 12,500,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		170,200,000
Rental Property Joint Ventures Metro Washington, D.C. [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Payments to Acquire and Develop Real Estate							$ 35,100,000
Proceeds from Equity Method Investment, Dividends or Distributions					$ 18,700,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		29,100,000
Land sales earnings, net					$ 3,000,000
Retail Land Sales, Installment Method, Gross Profit, Deferred						$ 2,999,000
Line of Credit Facility, Maximum Borrowing Capacity										$ 130,600,000
Long-term Line of Credit		0
Rental Property Joint Ventures Metro Washington, D.C. [Member] | Co-venturer [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage					50.00%
Land Sales					$ 20,200,000
Rental Property Joint Ventures Metro Washington, D.C. [Member] | Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other Commitment		$ 800,000
Rental Property Joint Venture Metro New York [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		50.00%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 40,500,000
Toll Brothers Realty Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		33.30%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 0
Management Fees Revenue		$ 400,000	$ 400,000
Gibraltar Land Banking & Development Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		25.00%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 10,500,000
Number of Joint Ventures | joint_ventures		2
Gibraltar Land Banking & Development Joint Ventures [Member] | Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other Commitment		$ 100,000,000
Gibraltar Legacy Assets Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		24.00%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 5,000,000
Real Estate Owned & Distressed Loans, Sales											$ 24,100,000
Gibraltar Legacy Assets Joint Venture [Member] | Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other Commitment		$ 9,600,000
Occupied or Ready for Occupancy [Member] | Rental Joint Ventures, including the Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property | rental_units		2,950
In Planning Phase [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property | rental_units		4,910
Lease up Stage [Member] | Rental Joint Ventures, including the Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property | rental_units		600
Asset under Construction [Member] | Rental Joint Ventures, including the Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property | rental_units		1,400

Investments in Unconsolidated46

Investments in Unconsolidated Entities (Details Textual 2) $ in Thousands	3 Months Ended
	Jan. 31, 2017USD ($)joint_ventures	Oct. 31, 2016USD ($)joint_ventures
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,514,366
Amounts borrowed under commitments	1,003,348
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	601,696	$ 496,411
Other Commitment	65,565
Equity Method Investee [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Guarantees, Fair Value Disclosure	$ 5,600
Equity Method Investee [Member] | Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Number Of Unconsolidated Entities That Are Considered Variable Interest Entities | joint_ventures	5	3
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 21,500	$ 16,400
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,250,600
Amounts borrowed under commitments	747,700
Guarantees, Repayment and Carry Cost, Maximum	206,500
Maximum repapyment and carry cost guarantee obligation for borrowings by JV	$ 147,000
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member] | Minimum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Guarantor Obligations, Term	P3M
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member] | Maximum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Guarantor Obligations, Term	P46M
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member] | Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted		70,000
Maximum repapyment and carry cost guarantee obligation for borrowings by JV		14,300
Ground Lease and Insurance Deductible Guarantee Member [Member] | Equity Method Investee [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 4,000
Number of JVs, ground lease and other	3
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Ventures [Member] | Equity Method Investee [Member] | Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Other Commitment	$ 9,600	$ 1,400

Investments in Unconsolidated47

Investments in Unconsolidated Entities (Details 3) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Condensed Balance Sheets:
Cash and cash equivalents	$ 110,665	$ 130,794
Inventory	1,177,928	1,074,888
Loans receivable, net	26,684	0
Non-performing loan portfolio	3,835	4,298
Rental properties	675,069	621,615
Rental properties under development	312,645	302,632
Real estate owned ("REO")	84,471	87,226
Other assets	169,064	175,805
Total assets	2,560,361	2,397,258
Debt	1,008,011	1,164,883
Other liabilities	132,829	152,881
Member's equity	1,322,829	980,354
Noncontrolling interest	96,692	99,140
Total liabilities and equity	2,560,361	2,397,258
Investments in and advances to unconsolidated entities	$ 601,696	$ 496,411

Investments in Unconsolidated48

Investments in Unconsolidated Entities (Details 4) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Oct. 31, 2016
Condensed Statements of Operations and Comprehensive Income:
Revenues	$ 295,702	$ 42,486
Cost of revenues	165,706	35,513
Other expenses	21,134	9,307
Total expenses	186,840	44,820
Gain on disposition of loans and REO	8,886	25,983
Income (loss) from operations	117,748	23,649
Other income	2,586	1,005
Income before income taxes	120,334	24,654
Income tax provision	3,827	0
Net income including earnings from noncontrolling interests	116,507	24,654
Less: (income) loss attributable to noncontrolling interest	(2,080)	(11,610)
Net income (loss) attributable to controlling interest	114,427	13,044
Other comprehensive income (loss)	0	87
Total comprehensive income (loss)	114,427	13,131
Income (loss) from unconsolidated entities	$ 46,445	$ 8,638	$ 40,748

Receivables, Prepaid Expenses49

Receivables, Prepaid Expenses, and Other Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Receivables, prepaid expenses and other assets [Abstract]
Expected recoveries from insurance carriers and others	$ 164,510	$ 165,696
Improvement cost receivable	91,910	85,627
Escrow cash held by our captive title company	40,811	138,633
Property held for rental development	112,958	81,693
Investment in foreclosed real estate assets	10,604	11,552
Prepaid expenses	20,794	25,659
Other	71,387	73,898
Receivables, Prepaid Expenses and Other Assets	$ 512,974	$ 582,758

Loans Payable, Senior Notes a50

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Debt Instrument [Line Items]
Long-term Line of Credit	$ 1,003,348
Other Loans Payable	131,537	$ 122,809
Loans payable	879,894	871,079
May 2016 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	250,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit		250,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	500,000	500,000
Deferred Finance Costs, Net	$ (1,643)	$ (1,730)

Loans Payable, Senior Notes a51

Loans Payable, Senior Notes and Mortgage Company Loan Facility Term Loan Facility (Details Textual 1) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Apr. 30, 2014	Oct. 31, 2014	Jan. 31, 2017
Five year term note [Member]
Debt Instrument [Line Items]
Debt Instrument, Term		5 years
Proceeds from Bank Debt	$ 485	$ 15
Debt Instrument, Interest Rate at Period End			2.18%
Guarantor Subsidiaries [Member]
Debt Instrument [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			100.00%

Loans Payable, Senior Notes a52

Loans Payable, Senior Notes and Mortgage Company Loan Facility Credit Facility (Details Textual 2) - USD ($) $ in Thousands	Feb. 09, 2017	Jan. 31, 2017	Oct. 31, 2016	May 19, 2016	Aug. 01, 2013
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,514,366
Long-term Line of Credit		$ 1,003,348
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 1,035,000
Line of Credit Facility, term of contract		5 years
Line of Credit Facility, Expiration Date		Aug. 1, 2018
Long-term Line of Credit			$ 250,000
May 2016 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,295,000		$ 1,215,000
Line of Credit Facility, term of contract		5 years
Line of Credit Facility, Expiration Date		May 19, 2021
Maximum Permissible Leverage Ratio		175.00%
Minimum Net Worth Required for Compliance		$ 2,640,000
Existing Leverage Ratio		.7928
Tangible Net Worth		$ 4,280,000
Ability to repurchase common stock		2,340,000
Long-term Line of Credit		250,000
Letters of Credit Outstanding, Amount		$ 112,400
Debt Instrument, Interest Rate at Period End		2.27%
Guarantor Subsidiaries [Member]
Line of Credit Facility [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent		100.00%
Subsequent Event [Member] | May 2016 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Proceeds from Lines of Credit	$ 125,000

Loans Payable, Senior Notes a53

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable - Other (Details Textual 3)	Jan. 31, 2017
Loans Payable [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	3.99%

Loans Payable, Senior Notes a54

Loans Payable, Senior Notes and Mortgage Company Loan Facility Senior Notes Payable (Details Textual 4) $ in Millions	Jan. 31, 2017USD ($)debtissuances
Senior Note Payable (Textual) [Abstract]
Number of issuances of senior debt | debtissuances	8
Senior Notes [Member]
Senior Note Payable (Textual) [Abstract]
Debt Instrument, Face Amount | $	$ 2,707

Loans Payable, Senior Notes a55

Loans Payable, Senior Notes and Mortgage Company Loan Facility Mortgage Company Loan Facility (Details Textual 5) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Oct. 31, 2016
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,514,366
Mortgage company loan facility	57,040	$ 210,000
Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	150,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 210,000
Debt Instrument, Maturity Date	Oct. 27, 2017
Debt Instrument, Interest Rate, Effective Percentage	2.78%
Mortgage company loan facility	$ 57,000	$ 210,000
London Interbank Offered Rate (LIBOR) [Member] | Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016	Jan. 31, 2016	Oct. 31, 2015
Accrued expenses
Land, land development and construction	$ 131,290	$ 153,264
Compensation and employee benefits	138,680	138,282
Deposit Liability, Current	40,360	137,396
Self-insurance	124,100	126,431
Warranty	364,058	370,992	$ 90,661	$ 93,083
Deferred Revenue	38,940	43,488
Interest	39,325	34,903
Commitments to unconsolidated entities	6,411	5,637
Other	56,938	61,907
Accrued expenses, Total	$ 940,102	$ 1,072,300

Accrued Expenses (Detail Textua

Accrued Expenses (Detail Textuals) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016	Jan. 31, 2016	Oct. 31, 2015
Loss Contingencies [Line Items]
Standard and Extended Product Warranty Accrual	$ 364,058	$ 370,992	$ 90,661	$ 93,083
Loss Contingency, Receivable	164,510	165,696
Water intrusion related [Member]
Loss Contingencies [Line Items]
Standard and Extended Product Warranty Accrual	291,700	298,000
Loss Contingency, Receivable	$ 140,000	$ 141,700

Accrued Expenses (Details 1)

Accrued Expenses (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Changes in the warranty accrual
Balance, beginning of year	$ 370,992	$ 93,083
Additions - homes closed during the year	5,104	4,496
Addition - Coleman liabilities acquired	1,111
Reclassification from other accruals	732
Charges incurred	(15,575)	(9,371)
Balance, end of year	364,058	90,661
Warranty change, homes closed in prior period, other [Member]
Changes in the warranty accrual
Increase (decrease) to accruals for homes closed in prior periods	$ 1,694	$ 2,453

Income Taxes (Details Textual)

Income Taxes (Details Textual) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2017USD ($)	Jan. 31, 2016USD ($)	Oct. 31, 2017	Oct. 31, 2016USD ($)
Income Taxes (Textual) [Abstract]
Income Tax Expense	$ 39,365	$ 43,637		$ 206,932
Effective Income Tax Rate Reconciliation, Percent	35.90%	37.40%
Number of states	20
Unrecognized Tax Benefits	$ 25,800
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range Not Possible	During the next 12 months, it is reasonably possible that our unrecognized tax benefits will change, but we are not able to provide a range of such change.
State and Local Jurisdiction [Member]
Income Taxes (Textual) [Abstract]
Effective Income Tax Rate Reconciliation, Percent			7.60%	7.00%
Deferred Tax Assets, Valuation Allowance	$ 32,200

Stock-Based Benefit Plans (Deta

Stock-Based Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based expense recognized	$ 9,329	$ 9,223
Income tax benefit recognized	$ 3,653	$ 3,555

Stock-Based Benefit Plans (De61

Stock-Based Benefit Plans (Details Textual) - USD ($) $ in Millions	Jan. 31, 2017	Oct. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unamortized value of outstanding stock-based compensation awards	$ 43.6	$ 27

Stock Issuance and Stock Repu62

Stock Issuance and Stock Repurchase Program (Details) - $ / shares shares in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Stock Repurchase Program [Abstract]
Number of shares purchased	557	4,770
Average price per share	$ 27.33	$ 31.48
Remaining authorization at January 31:	15,281	13,765

Stock issuance and stock repu63

Stock issuance and stock repurchase program (Details Textual) shares in Thousands	May 23, 2016shares
Stock Issuance and Stock Repurchase Program [Abstract]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	20,000

Income Per Share Information (D

Income Per Share Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Oct. 31, 2016	Sep. 05, 2012
Earnings Per Share [Abstract]
Net income as reported	$ 70,416	$ 73,180	$ 382,095
Interest and costs attributable to 0.5% Exchangeable Senior Notes, net of income tax benefit	384	389
Numerator for diluted earnings per share	$ 70,800	$ 73,569
Basic weighted-average shares	162,588	174,205
Common stock equivalents	1,971	2,328
Shares attributable to 0.5% Exchangeable Senior Notes	5,858	5,858
Diluted weighted-average shares	170,417	182,391
Debt Instrument [Line Items]
Shares issued under stock incentive and employee stock purchase plans	1,280	473
0.5% Exchangeable Senior Notes Due 2032 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				0.50%
Restricted Stock Units RSU And Employee Stock Option Member [Member]
Debt Instrument [Line Items]
Weighted-average number of antidilutive options and restricted stock units	5,204	2,954

Fair Value Disclosures (Level 4

Fair Value Disclosures (Level 4 FV of Fin Instr) (Details) - Fair Value, Measurements, Recurring [Member] - Level 2 [Member] - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Forward Contracts [Member] | Residential Mortgage [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	$ 1,009	$ 1,390
Assets Held-for-sale [Member] | Residential Mortgage [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Loans Held-for-sale, Fair Value Disclosure	85,765	248,601
Interest Rate Lock Commitments [Member] | Forward Contracts [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	3,917	921
Interest Rate Lock Commitments [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Liability	$ (3,917)	$ (921)

Fair Value Disclosures (Level66

Fair Value Disclosures (Level 4 loan UPB vs FV) (Details 1) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Aggregate unpaid principal and fair value of mortgage loans held for sale
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 85,765	$ 248,601
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Assets Held-for-sale [Member] | Residential Mortgage [Member]
Aggregate unpaid principal and fair value of mortgage loans held for sale
Aggregate unpaid principal balance	86,122	246,794
Mortgage Loans on Real Estate, Commercial and Consumer, Net	85,765	248,601
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	$ (357)	$ 1,807

Fair Value Disclosures (Level67

Fair Value Disclosures (Level 4 Inv Impair inputs) (Details 2) - Operating communities [Member] $ in Thousands	3 Months Ended						9 Months Ended
	Apr. 30, 2017USD ($)Homes_sold	Jan. 31, 2017USD ($)Homes_sold	Oct. 31, 2016USD ($)	Jul. 31, 2016USD ($)	Apr. 30, 2016USD ($)	Jan. 31, 2016USD ($)	Jul. 31, 2017USD ($)Homes_sold
Minimum [Member]
Fair value inputs, assets, quantitative information [Line Items]
Average selling price		$ 692	$ 0	$ 0	$ 369	$ 0
Sales Pace (in ones)		4	0	0	18	0
Fair Value Inputs, Discount Rate		16.30%	0.00%	0.00%	16.30%	0.00%
Maximum [Member]
Fair value inputs, assets, quantitative information [Line Items]
Average selling price		$ 880	$ 0	$ 0	$ 394	$ 0
Sales Pace (in ones)		12	0	0	23	0
Fair Value Inputs, Discount Rate		16.30%	0.00%	0.00%	16.30%	0.00%

Fair Value Disclosures (Level68

Fair Value Disclosures (Level 4 inventory fv) (Details 3) $ in Thousands	3 Months Ended					12 Months Ended
	Jan. 31, 2017USD ($)	Oct. 31, 2016USD ($)	Jul. 31, 2016USD ($)	Apr. 30, 2016USD ($)	Jan. 31, 2016USD ($)	Oct. 31, 2016USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	$ 4,661				$ 1,281
Operating communities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	$ 4,000					$ 8,365
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Operating communities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of Operating Communities Tested (in ones)	57	59	51	41	43
Number of Communities Impaired (in ones)	2	2	2	2	2
Fair Value Of Communities Net Of Impairment Charges	$ 8,372	$ 1,126	$ 11,714	$ 10,103	$ 1,713	$ 1,126
Inventory Write-down	$ 4,000	$ 415	$ 1,250	$ 6,100	$ 600

Fair Value Disclosures (Level69

Fair Value Disclosures (Level 4 debt fv) (Details 4) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 3,645,953	$ 3,790,185
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Loans Payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	881,537	872,809
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Warehouse Agreement Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	57,040	210,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	2,707,376	2,707,376
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	3,751,401	3,923,561
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Loans Payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	879,581	870,384
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Warehouse Agreement Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	57,040	210,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 2,814,780	$ 2,843,177

Other Income - Net (Details)

Other Income - Net (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Oct. 31, 2016
Other Nonoperating Income By Component [Line Items]
Interest income	$ 941	$ 404
Income from Ancillary Businesses	2,297	3,729
Management fee income from unconsolidated entities	4,289	2,107
Retained customer deposits	1,746	2,113
Income from land sales	3,559	3,998
Other	(67)	541
Total other income - net	12,703	13,720	$ 58,218
Revenues and expenses of non-core ancillary businesses
Revenue	28,528	24,869
Expense	26,231	21,140
Gibraltar [Member]
Other Nonoperating Income By Component [Line Items]
Gibraltar	$ (62)	$ 828

Other Income - Net (Details 1)

Other Income - Net (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Revenues and expenses from land sales [Abstract]
Revenue	$ 144,714	$ 10,691
Expense	144,273	6,693
Income from land sales	3,559	3,998
Home Building Joint Venture Metro New York Three [Member]
Revenues and expenses from land sales [Abstract]
Deferred gain recognized	$ 3,118	$ 0

Other Income - Net (Details Tex

Other Income - Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses	$ 2,297	$ 3,729
Land Sales	144,714	10,691
Home Building Joint Venture Metro New York Four [Member]
Schedule of Equity Method Investments [Line Items]
Land Sales	$ 143,300
Equity Method Investment, Ownership Percentage	20.00%
Security Monitoring Business [Member]
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses		$ 1,600

Commitments and Contingencies73

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Company's land purchase commitments
Purchase Obligation	$ 1,442,844	$ 1,623,389
Land Purchase Commitment To Unrelated Party [Member]
Company's land purchase commitments
Purchase Obligation	1,388,618	1,544,185
Land Purchase Commitment To JV [Member]
Company's land purchase commitments
Purchase Obligation	54,226	79,204
Land Parcel Purchase Commitment [Member]
Company's land purchase commitments
Deposits against aggregate purchase commitments	70,502	65,299
Additional cash required to acquire land	1,372,342	1,558,090
Amount of Additional Cash Required to Acquire Land Included in Accrued Expenses	$ 16,985	$ 18,266

Commitments and Contingencies74

Commitments and Contingencies (Details Textual) $ in Thousands	Jan. 31, 2017USD ($)home_sites	Oct. 31, 2016USD ($)
Long-term Purchase Commitment [Line Items]
Expected Lot Purchase | home_sites	3,600
Purchase Obligation	$ 1,442,844	$ 1,623,389
Land for Apartment Development Purchase Commitment [Member]
Long-term Purchase Commitment [Line Items]
Purchase Obligation	84,300
Deposits against Aggregate Purchase Commitments	$ 4,400

Commitments and Contingencies75

Commitments and Contingencies (Details Textual 1) $ in Millions	Jan. 31, 2017USD ($)luxury_homes
Backlog Information [Abstract]
Number of homes to be delivered (in ones) | luxury_homes	5,145
Aggregate sales value of outstanding homes to be delivered	$ 4,350
May 2016 Revolving Credit Facility [Member]
Loss Contingencies [Line Items]
Outstanding letter of credit	112.4
Surety Bond Construction Improvements [Member]
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	667.1
Amount of work remains on improvements in the Company's various communities	345.4
Surety Bond Other Obligations [Member]
Loss Contingencies [Line Items]
Additional outstanding surety bonds	$ 137.7

Commitments and Contingencies76

Commitments and Contingencies (Details 1) - Loan Origination Commitments [Member] - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Company's mortgage commitments
Unused Commitments to Extend Credit	$ 1,531,009	$ 1,350,508
Investor commitments to purchase	423,947	487,045
Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	352,279	255,647
Investor commitments to purchase	352,279	255,647
Non Interest Rate Lock Commitments [Member] [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	1,178,730	1,094,861
Mortgage Receivable [Member]
Company's mortgage commitments
Investor commitments to purchase	$ 71,668	$ 231,398

Information on Segments (Detail

Information on Segments (Details Textual)	3 Months Ended
	Jan. 31, 2017
Information on Operating Segments [Abstract]
Number of Segments	2
Number of Geographic Segments	5

Information on Segments (Deta78

Information on Segments (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Oct. 31, 2016
Revenues
Revenues	$ 920,730	$ 928,566	$ 5,169,508
Income (loss) before income taxes
Income before income taxes	109,781	116,817	589,027
Total assets
Total assets	9,516,800		9,736,789
North [Member]
Revenues
Revenues	145,638	120,818
Income (loss) before income taxes
Income before income taxes	10,093	8,033
Total assets
Total assets	1,071,049		1,020,250
Mid-Atlantic [Member]
Revenues
Revenues	184,051	169,808
Income (loss) before income taxes
Income before income taxes	11,632	16,983
Total assets
Total assets	1,182,142		1,166,023
South [Member]
Revenues
Revenues	142,196	146,798
Income (loss) before income taxes
Income before income taxes	13,111	21,245
Total assets
Total assets	1,257,109		1,203,554
West [Member]
Revenues
Revenues	211,133	137,258
Income (loss) before income taxes
Income before income taxes	25,497	19,688
Total assets
Total assets	1,250,759		1,130,625
California [Member]
Revenues
Revenues	219,776	216,903
Income (loss) before income taxes
Income before income taxes	43,193	43,536
Total assets
Total assets	2,625,956		2,479,885
Traditional Homebuilding [Member]
Revenues
Revenues	902,794	791,585
Income (loss) before income taxes
Income before income taxes	103,526	109,485
Total assets
Total assets	7,387,015		7,000,337
City Living [Member]
Revenues
Revenues	17,936	136,981
Income (loss) before income taxes
Income before income taxes	43,102	43,680
Total assets
Total assets	824,419		946,738
Corporate and other [Member]
Income (loss) before income taxes
Income before income taxes	(36,847)	$ (36,348)
Total assets
Total assets	$ 1,305,366		$ 1,789,714

Supplemental Disclosure to Co79

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Oct. 31, 2016
Cash flow information:
Interest capitalized, net of amounts paid	$ 419	$ 8,227
Income tax payment	80,070	38,781
Income tax refunds	911	1,874
Noncash activity:
Cost of inventory acquired through seller financing municipal bonds, net	18,011	10,534
Reduction in inventory, share of equity earnings in land purchased from unconsolidated entities and allocation of basis difference	3,654	160
Defined benefit plan amendment		757
Deferred tax decrease related to stock based compenation activity included in additional paid-in capital	4,935	3,249
Transfer of inventory to investment in unconsolidated entities	36,256
Acquisition of a Business
Fair value of assets purchased	90,560
Liabilities assumed	5,377
Cash paid	$ 85,183		$ 0

Supplemental Guarantor Inform80

Supplemental Guarantor Information (Level 4 Senior Note table) (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 2,695,524	$ 2,694,372
Senior Notes Due 2017 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Issued Senior Notes	400,000
Senior notes	$ 400,000
Interest rate on notes	8.91%
Senior Notes Due 2018 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Issued Senior Notes	$ 350,000
Senior notes	$ 350,000
Interest rate on notes	4.00%
Senior Notes Due 2019 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Issued Senior Notes	$ 250,000
Senior notes	$ 250,000
Interest rate on notes	6.75%
Senior Notes Due 2022 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Issued Senior Notes	$ 419,876
Senior notes	$ 419,876
Interest rate on notes	5.875%
Senior Notes Due 2023 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Issued Senior Notes	$ 400,000
Senior notes	$ 400,000
Interest rate on notes	4.375%
Senior Notes Due 2024 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Issued Senior Notes	$ 250,000
Senior notes	$ 250,000
Interest rate on notes	5.625%
4.875% Senior Notes Due 2025 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Issued Senior Notes	$ 350,000
Senior notes	$ 350,000
Interest rate on notes	4.875%
Senior Notes Due Two Thousand Thirty-Two [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Issued Senior Notes	$ 287,500
Senior notes	$ 287,500
Interest rate on notes	0.50%

Supplemental Guarantor Inform81

Supplemental Guarantor Information (Level 4 BS) (Details 1) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016	Jan. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
ASSETS
Cash and cash equivalents	$ 373,469	$ 633,715	$ 336,244	$ 918,993	$ 918,993
Restricted cash and investments	12,445	31,291
Inventory	7,539,974	7,353,967
Property, construction and office equipment, net	172,459	169,576
Receivables, prepaid expenses and other assets	512,974	582,758
Mortgage loans held for sale	85,765	248,601
Customer deposits held in escrow	58,012	53,057
Investments in and advances to unconsolidated entities	601,696	496,411
Investments in foreclosed real estate and distressed loans	0
Investments in and advances to consolidated entities	0	0
Deferred tax assets, net of valuation allowances	160,006	167,413
Total assets	9,516,800	9,736,789
Liabilities:
Loans payable	879,894	871,079
Senior notes	2,695,524	2,694,372
Mortgage company loan facility	57,040	210,000
Customer deposits	344,150	309,099
Accounts payable	258,694	281,955
Accrued expenses	940,102	1,072,300
Advances from Affiliiate	0	0
Income taxes payable	20,372	62,782
Total liabilities	5,195,776	5,501,587
Equity:
Common stock	1,779	1,779
Additional paid-in capital	718,861	728,464
Retained earnings	4,047,713	3,977,297
Treasury stock, at cost	(450,072)	(474,912)
Accumulated other comprehensive loss	(3,167)	(3,336)
Total stockholders' equity	4,315,114	4,229,292
Noncontrolling interest	5,910	5,910
Total equity	4,321,024	4,235,202
Total liabilities and stockholders' equity	9,516,800	9,736,789
Toll Brothers Inc. [Member]
ASSETS
Cash and cash equivalents	0	0	0	0	0
Restricted cash and investments	11,796	11,708
Inventory
Property, construction and office equipment, net
Receivables, prepaid expenses and other assets	17	77
Mortgage loans held for sale
Customer deposits held in escrow
Investments in and advances to unconsolidated entities
Investments in foreclosed real estate and distressed loans
Investments in and advances to consolidated entities	4,163,667	4,112,876
Deferred tax assets, net of valuation allowances	160,006	167,413
Total assets	4,335,486	4,292,074
Liabilities:
Loans payable
Senior notes
Mortgage company loan facility
Customer deposits
Accounts payable
Accrued expenses
Advances from Affiliiate
Income taxes payable	20,372	62,782
Total liabilities	20,372	62,782
Equity:
Common stock	1,779	1,779
Additional paid-in capital	718,861	728,464
Retained earnings	4,047,713	3,977,297
Treasury stock, at cost	(450,072)	(474,912)
Accumulated other comprehensive loss	(3,167)	(3,336)
Total stockholders' equity	4,315,114	4,229,292
Noncontrolling interest
Total equity	4,315,114	4,229,292
Total liabilities and stockholders' equity	4,335,486	4,292,074
Subsidiary Issuer [Member]
ASSETS
Cash and cash equivalents	0	0	0	0	0
Restricted cash and investments
Inventory
Property, construction and office equipment, net
Receivables, prepaid expenses and other assets
Mortgage loans held for sale
Customer deposits held in escrow
Investments in and advances to unconsolidated entities
Investments in foreclosed real estate and distressed loans
Investments in and advances to consolidated entities	2,747,471	2,741,160
Deferred tax assets, net of valuation allowances
Total assets	2,747,471	2,741,160
Liabilities:
Loans payable
Senior notes	2,687,342	2,683,823
Mortgage company loan facility
Customer deposits
Accounts payable
Accrued expenses	36,869	32,559
Advances from Affiliiate
Income taxes payable
Total liabilities	2,724,211	2,716,382
Equity:
Common stock
Additional paid-in capital	49,400	49,400
Retained earnings	(26,140)	(24,622)
Treasury stock, at cost
Accumulated other comprehensive loss
Total stockholders' equity	23,260	24,778
Noncontrolling interest
Total equity	23,260	24,778
Total liabilities and stockholders' equity	2,747,471	2,741,160
Guarantor Subsidiaries [Member]
ASSETS
Cash and cash equivalents	280,504	583,440	178,762	783,599	783,599
Restricted cash and investments
Inventory	7,244,287	6,896,205
Property, construction and office equipment, net	156,691	153,663
Receivables, prepaid expenses and other assets	353,100	319,319
Mortgage loans held for sale
Customer deposits held in escrow	57,663	50,079
Investments in and advances to unconsolidated entities	96,840	101,999
Investments in foreclosed real estate and distressed loans
Investments in and advances to consolidated entities	91,740	20,519
Deferred tax assets, net of valuation allowances
Total assets	8,280,825	8,125,224
Liabilities:
Loans payable	879,894	871,079
Senior notes
Mortgage company loan facility
Customer deposits	326,407	292,794
Accounts payable	256,323	280,107
Accrued expenses	585,661	610,958
Advances from Affiliiate	1,834,429	1,737,682
Income taxes payable
Total liabilities	3,882,714	3,792,620
Equity:
Common stock	48	48
Additional paid-in capital
Retained earnings	4,398,063	4,332,556
Treasury stock, at cost
Accumulated other comprehensive loss
Total stockholders' equity	4,398,111	4,332,604
Noncontrolling interest
Total equity	4,398,111	4,332,604
Total liabilities and stockholders' equity	8,280,825	8,125,224
Nonguarantor Subsidiaries [Member]
ASSETS
Cash and cash equivalents	92,965	50,275	157,482	135,394	135,394
Restricted cash and investments	649	19,583
Inventory	295,687	457,806
Property, construction and office equipment, net	15,768	15,913
Receivables, prepaid expenses and other assets	200,837	299,978
Mortgage loans held for sale	85,765	248,601
Customer deposits held in escrow	349	2,978
Investments in and advances to unconsolidated entities	504,856	394,412
Investments in foreclosed real estate and distressed loans
Investments in and advances to consolidated entities	166,492	90,671
Deferred tax assets, net of valuation allowances
Total assets	1,363,368	1,580,217
Liabilities:
Loans payable
Senior notes
Mortgage company loan facility	57,040	210,000
Customer deposits	17,743	16,305
Accounts payable	2,371	1,848
Accrued expenses	367,776	469,527
Advances from Affiliiate	728,851	799,082
Income taxes payable
Total liabilities	1,173,781	1,496,762
Equity:
Common stock	3,006	3,006
Additional paid-in capital	93,734	6,734
Retained earnings	86,937	67,805
Treasury stock, at cost
Accumulated other comprehensive loss
Total stockholders' equity	183,677	77,545
Noncontrolling interest	5,910	5,910
Total equity	189,587	83,455
Total liabilities and stockholders' equity	1,363,368	1,580,217
Eliminations [Member]
ASSETS
Cash and cash equivalents	0	0	$ 0	$ 0	$ 0
Restricted cash and investments
Inventory		(44)
Property, construction and office equipment, net
Receivables, prepaid expenses and other assets	(40,980)	(36,616)
Mortgage loans held for sale
Customer deposits held in escrow
Investments in and advances to unconsolidated entities
Investments in foreclosed real estate and distressed loans
Investments in and advances to consolidated entities	(7,169,370)	(6,965,226)
Deferred tax assets, net of valuation allowances
Total assets	(7,210,350)	(7,001,886)
Liabilities:
Loans payable
Senior notes	8,182	10,549
Mortgage company loan facility
Customer deposits
Accounts payable
Accrued expenses	(50,204)	(40,744)
Advances from Affiliiate	(2,563,280)	(2,536,764)
Income taxes payable
Total liabilities	(2,605,302)	(2,566,959)
Equity:
Common stock	(3,054)	(3,054)
Additional paid-in capital	(143,134)	(56,134)
Retained earnings	(4,458,860)	(4,375,739)
Treasury stock, at cost
Accumulated other comprehensive loss
Total stockholders' equity	(4,605,048)	(4,434,927)
Noncontrolling interest
Total equity	(4,605,048)	(4,434,927)
Total liabilities and stockholders' equity	$ (7,210,350)	$ (7,001,886)

Supplemental Guarantor Inform82

Supplemental Guarantor Information (Level 4 IS) (Details 2) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Oct. 31, 2016
Supplemental Condensed Consolidating Statement of Operations
Revenues	$ 920,730	$ 928,566	$ 5,169,508
Cost of revenues	733,002	712,311	4,144,065
Selling, general and administrative	137,095	121,796	535,382
Total	870,097	834,107	4,679,447
Income (loss) from operations	50,633	94,459	490,061
Other [Abstract]
Income (loss) from unconsolidated entities	46,445	8,638	40,748
Other income - net	12,703	13,720	58,218
Intercompany interest income	0	0	0
Interest Expense	0	0	0
Income from subsidiaries	0	0	0
Income (loss) before income taxes	109,781	116,817	589,027
Income tax provision (benefit)	39,365	43,637	206,932
Net income (loss)	70,416	73,180	382,095
Other Comprehensive Income (Loss), Net of Tax	169	(261)	(827)
Comprehensive Income (loss), Net of Tax, Attributable to Parent	70,585	72,919	381,268
Toll Brothers Inc. [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues
Cost of revenues
Selling, general and administrative		12	75
Total	0	12	75
Income (loss) from operations	0	(12)	(75)
Other [Abstract]
Income (loss) from unconsolidated entities
Other income - net	2,393	2,391	9,501
Intercompany interest income
Interest Expense
Income from subsidiaries	107,388	114,438	579,601
Income (loss) before income taxes	109,781	116,817	589,027
Income tax provision (benefit)	39,365	43,637	206,932
Net income (loss)	70,416	73,180	382,095
Other Comprehensive Income (Loss), Net of Tax	169	(288)	(858)
Comprehensive Income (loss), Net of Tax, Attributable to Parent	70,585	72,892	381,237
Subsidiary Issuer [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues
Cost of revenues
Selling, general and administrative	968	969	3,809
Total	968	969	3,809
Income (loss) from operations	(968)	(969)	(3,809)
Other [Abstract]
Income (loss) from unconsolidated entities
Other income - net
Intercompany interest income	36,496	36,497	145,828
Interest Expense	(37,895)	(37,895)	(151,410)
Income from subsidiaries
Income (loss) before income taxes	(2,367)	(2,367)	(9,391)
Income tax provision (benefit)	(849)	(912)	(3,299)
Net income (loss)	(1,518)	(1,455)	(6,092)
Other Comprehensive Income (Loss), Net of Tax
Comprehensive Income (loss), Net of Tax, Attributable to Parent	(1,518)	(1,455)	(6,092)
Guarantor Subsidiaries [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues	915,823	784,596	4,984,356
Cost of revenues	724,257	624,801	3,919,729
Selling, general and administrative	143,881	125,905	558,822
Total	868,138	750,706	4,478,551
Income (loss) from operations	47,685	33,890	505,805
Other [Abstract]
Income (loss) from unconsolidated entities	5,144	2,997	16,913
Other income - net	7,251	8,169	27,873
Intercompany interest income
Interest Expense
Income from subsidiaries	42,048	69,382	29,010
Income (loss) before income taxes	102,128	114,438	579,601
Income tax provision (benefit)	36,621	44,104	203,614
Net income (loss)	65,507	70,334	375,987
Other Comprehensive Income (Loss), Net of Tax		27	31
Comprehensive Income (loss), Net of Tax, Attributable to Parent	65,507	70,361	376,018
Nonguarantor Subsidiaries [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues	45,696	170,223	361,685
Cost of revenues	29,471	90,087	288,044
Selling, general and administrative	16,948	17,973	74,328
Total	46,419	108,060	362,372
Income (loss) from operations	(723)	62,163	(687)
Other [Abstract]
Income (loss) from unconsolidated entities	41,301	5,641	23,835
Other income - net	4,500	4,193	17,456
Intercompany interest income
Interest Expense	(663)	(248)	(2,203)
Income from subsidiaries
Income (loss) before income taxes	44,415	71,749	38,401
Income tax provision (benefit)	15,926	27,652	13,490
Net income (loss)	28,489	44,097	24,911
Other Comprehensive Income (Loss), Net of Tax
Comprehensive Income (loss), Net of Tax, Attributable to Parent	28,489	44,097	24,911
Eliminations [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues	(40,789)	(26,253)	(176,533)
Cost of revenues	(20,726)	(2,577)	(63,708)
Selling, general and administrative	(24,702)	(23,063)	(101,652)
Total	(45,428)	(25,640)	(165,360)
Income (loss) from operations	4,639	(613)	(11,173)
Other [Abstract]
Income (loss) from unconsolidated entities
Other income - net	(1,441)	(1,033)	3,388
Intercompany interest income	(36,496)	(36,497)	(145,828)
Interest Expense	38,558	38,143	153,613
Income from subsidiaries	(149,436)	(183,820)	(608,611)
Income (loss) before income taxes	(144,176)	(183,820)	(608,611)
Income tax provision (benefit)	(51,698)	(70,844)	(213,805)
Net income (loss)	(92,478)	(112,976)	(394,806)
Other Comprehensive Income (Loss), Net of Tax
Comprehensive Income (loss), Net of Tax, Attributable to Parent	$ (92,478)	$ (112,976)	$ (394,806)

Supplemental Guarantor Inform83

Supplemental Guarantor Information (Level 4 CF) (Details 3) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Oct. 31, 2016
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	$ 41,964	$ (23,225)	$ 148,771
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	(6,314)	(1,593)	(28,426)
Sale and redemption of marketable securities		10,000	10,000
Investment in and advances to unconsolidated entities	(99,941)	(11,838)	(69,655)
Return of investments in unconsolidated entities	33,253	14,804	47,806
Investment in distressed loans and foreclosed real estate	(274)	(694)	(1,133)
Return of investments in distressed loans and foreclosed real estate	1,852	5,321	49,619
Payments to Acquire Businesses, Net of Cash Acquired	(85,183)		0
Proceeds from Dividends Received		0	0
Investments paid intercompany	0
Intercompany investing advances (to) from consolidated entities	0	0	0
Net cash provided by (used in) investing activities	(156,607)	16,000	8,211
Cash flow (used in) provided by financing activities:
Payments of Debt Issuance Costs Senior Long Term Debt		(64)	(35)
Proceeds from Notes Payable	360,382	339,854	2,443,496
Payments of Debt Issuance Costs Notes Payable	0		(4,868)
Principal payments of loans payable	(516,833)	(770,539)	(2,497,585)
Proceeds from stock-based benefit plans	25,831	4,769	6,986
Excess Tax Benefit from Share-based Compensation, Financing Activities	253	297	2,114
Purchase of treasury stock	(15,236)	(150,135)	(392,772)
Proceeds from (Payments to) Noncontrolling Interests		294	404
Payments of Dividends	0	0	0
Investment received intercompany	0		0
Intercompany financing advances (to) from consolidated entities	0	0	0
Net cash provided by (used in) financing activities	(145,603)	(575,524)	(442,260)
Net increase (decrease) in cash and cash equivalents	(260,246)	(582,749)	(285,278)
Cash and cash equivalents, beginning of period	633,715	918,993	918,993
Cash and cash equivalents, end of period	373,469	336,244	633,715
Payments to Acquire Available-for-sale Securities, Debt		0	0
Toll Brothers Inc. [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	(25,840)	18,482	60,465
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net
Sale and redemption of marketable securities
Investment in and advances to unconsolidated entities
Return of investments in unconsolidated entities
Investment in distressed loans and foreclosed real estate
Return of investments in distressed loans and foreclosed real estate
Payments to Acquire Businesses, Net of Cash Acquired
Proceeds from Dividends Received
Investments paid intercompany
Intercompany investing advances (to) from consolidated entities	14,992	126,587	323,207
Net cash provided by (used in) investing activities	14,992	126,587	323,207
Cash flow (used in) provided by financing activities:
Payments of Debt Issuance Costs Senior Long Term Debt
Proceeds from Notes Payable
Payments of Debt Issuance Costs Notes Payable
Principal payments of loans payable
Proceeds from stock-based benefit plans	25,831	4,769	6,986
Excess Tax Benefit from Share-based Compensation, Financing Activities	253	297	2,114
Purchase of treasury stock	(15,236)	(150,135)	(392,772)
Proceeds from (Payments to) Noncontrolling Interests
Payments of Dividends
Investment received intercompany
Intercompany financing advances (to) from consolidated entities
Net cash provided by (used in) financing activities	10,848	(145,069)	(383,672)
Net increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents, beginning of period	0	0	0
Cash and cash equivalents, end of period	0	0	0
Payments to Acquire Available-for-sale Securities, Debt
Subsidiary Issuer [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	6,311	14,528	14,768
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net
Sale and redemption of marketable securities
Investment in and advances to unconsolidated entities
Return of investments in unconsolidated entities
Investment in distressed loans and foreclosed real estate
Return of investments in distressed loans and foreclosed real estate
Payments to Acquire Businesses, Net of Cash Acquired
Proceeds from Dividends Received
Investments paid intercompany
Intercompany investing advances (to) from consolidated entities	(6,311)	(14,464)	(14,733)
Net cash provided by (used in) investing activities	(6,311)	(14,464)	(14,733)
Cash flow (used in) provided by financing activities:
Payments of Debt Issuance Costs Senior Long Term Debt		(64)	(35)
Proceeds from Notes Payable
Payments of Debt Issuance Costs Notes Payable
Principal payments of loans payable
Proceeds from stock-based benefit plans
Excess Tax Benefit from Share-based Compensation, Financing Activities
Purchase of treasury stock
Proceeds from (Payments to) Noncontrolling Interests
Payments of Dividends
Investment received intercompany
Intercompany financing advances (to) from consolidated entities
Net cash provided by (used in) financing activities	0	(64)	(35)
Net increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents, beginning of period	0	0	0
Cash and cash equivalents, end of period	0	0	0
Payments to Acquire Available-for-sale Securities, Debt
Guarantor Subsidiaries [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	(273,424)	(178,283)	105,709
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	(6,393)	(1,667)	(27,835)
Sale and redemption of marketable securities
Investment in and advances to unconsolidated entities	(267)	(1,445)	(2,637)
Return of investments in unconsolidated entities	9,950	12,167	32,857
Investment in distressed loans and foreclosed real estate
Return of investments in distressed loans and foreclosed real estate
Payments to Acquire Businesses, Net of Cash Acquired	(85,183)		5,000
Proceeds from Dividends Received		5,000	(5,000)
Investments paid intercompany	45,000
Intercompany investing advances (to) from consolidated entities
Net cash provided by (used in) investing activities	(36,893)	14,055	2,385
Cash flow (used in) provided by financing activities:
Payments of Debt Issuance Costs Senior Long Term Debt
Proceeds from Notes Payable			550,000
Payments of Debt Issuance Costs Notes Payable			(4,868)
Principal payments of loans payable	(3,491)	(394,592)	(714,089)
Proceeds from stock-based benefit plans
Excess Tax Benefit from Share-based Compensation, Financing Activities
Purchase of treasury stock
Proceeds from (Payments to) Noncontrolling Interests
Payments of Dividends
Investment received intercompany
Intercompany financing advances (to) from consolidated entities	10,872	(46,017)	(139,296)
Net cash provided by (used in) financing activities	7,381	(440,609)	(308,253)
Net increase (decrease) in cash and cash equivalents	(302,936)	(604,837)	(200,159)
Cash and cash equivalents, beginning of period	583,440	783,599	783,599
Cash and cash equivalents, end of period	280,504	178,762	583,440
Payments to Acquire Available-for-sale Securities, Debt
Nonguarantor Subsidiaries [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	338,773	132,051	(64,386)
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	79	74	(591)
Sale and redemption of marketable securities		10,000	10,000
Investment in and advances to unconsolidated entities	(99,674)	(10,393)	(67,018)
Return of investments in unconsolidated entities	23,303	2,637	14,949
Investment in distressed loans and foreclosed real estate	(274)	(694)	(1,133)
Return of investments in distressed loans and foreclosed real estate	1,852	5,321	49,619
Payments to Acquire Businesses, Net of Cash Acquired
Proceeds from Dividends Received
Investments paid intercompany
Intercompany investing advances (to) from consolidated entities
Net cash provided by (used in) investing activities	(74,714)	6,945	5,826
Cash flow (used in) provided by financing activities:
Payments of Debt Issuance Costs Senior Long Term Debt
Proceeds from Notes Payable	360,382	339,854	1,893,496
Payments of Debt Issuance Costs Notes Payable
Principal payments of loans payable	(513,342)	(375,947)	(1,783,496)
Proceeds from stock-based benefit plans
Excess Tax Benefit from Share-based Compensation, Financing Activities
Purchase of treasury stock
Proceeds from (Payments to) Noncontrolling Interests		294	404
Payments of Dividends		(5,000)	(5,000)
Investment received intercompany	45,000		5,000
Intercompany financing advances (to) from consolidated entities	(113,409)	(76,109)	(136,963)
Net cash provided by (used in) financing activities	(221,369)	(116,908)	(26,559)
Net increase (decrease) in cash and cash equivalents	42,690	22,088	(85,119)
Cash and cash equivalents, beginning of period	50,275	135,394	135,394
Cash and cash equivalents, end of period	92,965	157,482	50,275
Payments to Acquire Available-for-sale Securities, Debt
Eliminations [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	(3,856)	(10,003)	32,215
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net
Sale and redemption of marketable securities
Investment in and advances to unconsolidated entities
Return of investments in unconsolidated entities
Investment in distressed loans and foreclosed real estate
Return of investments in distressed loans and foreclosed real estate
Payments to Acquire Businesses, Net of Cash Acquired			(5,000)
Proceeds from Dividends Received		(5,000)	5,000
Investments paid intercompany	(45,000)
Intercompany investing advances (to) from consolidated entities	(8,681)	(112,123)	(308,474)
Net cash provided by (used in) investing activities	(53,681)	(117,123)	(308,474)
Cash flow (used in) provided by financing activities:
Payments of Debt Issuance Costs Senior Long Term Debt
Proceeds from Notes Payable
Payments of Debt Issuance Costs Notes Payable
Principal payments of loans payable
Proceeds from stock-based benefit plans
Excess Tax Benefit from Share-based Compensation, Financing Activities
Purchase of treasury stock
Proceeds from (Payments to) Noncontrolling Interests
Payments of Dividends		5,000	5,000
Investment received intercompany	(45,000)		(5,000)
Intercompany financing advances (to) from consolidated entities	102,537	122,126	276,259
Net cash provided by (used in) financing activities	57,537	127,126	276,259
Net increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents, beginning of period	0	0	0
Cash and cash equivalents, end of period	$ 0	0	0
Payments to Acquire Available-for-sale Securities, Debt

Supplemental Guarantor Inform84

Supplemental Guarantor Information Supplemental Guarantor Information (Level 4 Textuals) (Details)	Jan. 31, 2017
Entity Information [Line Items]
Supplemental Guarantor Information, consolidated net worth of released guarantor subsidiary	5.00%
supplemental guarantor information, consolidated net worth of all released guarantor subsidiaries	10.00%
supplemental guarantor information, consolidated net worth, all released guarantor subs, default cure	15.00%
Subsidiary Issuer [Member]
Entity Information [Line Items]
Subsidiary of Company, Ownership Percentage by Parent	100.00%
Guarantor Subsidiaries [Member]
Entity Information [Line Items]
Subsidiary of Company, Ownership Percentage by Parent	100.00%