Toll Brothers (TOL) 10-Q 5 Jun 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 30, 2018	Jun. 01, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	TOLL BROTHERS INC
Entity Central Index Key	794,170
Current Fiscal Year End Date	--04-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Apr. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		151,865,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
ASSETS
Cash and cash equivalents	$ 475,113	$ 712,829
Restricted cash and investments	1,161	2,482
Inventory	7,871,569	7,281,453
Property, construction and office equipment, net	185,676	189,547
Receivables, prepaid expenses and other assets	599,755	542,217
Mortgage loans held for sale	111,811	132,922
Customer deposits held in escrow	135,072	102,017
Investments in unconsolidated entities	456,762	481,758
Deferred tax assets, net of valuation allowances	6,807
Total assets	9,843,726	9,445,225
Liabilities:
Loans payable	649,299	637,416
Senior notes	2,860,290	2,462,463
Mortgage company loan facility	103,550	120,145
Customer deposits	469,586	396,026
Accounts payable	324,605	275,223
Accrued expenses	936,414	959,353
Income taxes payable	13,386	57,509
Total liabilities	5,357,130	4,908,135
Stockholders' equity:
Preferred stock, none issued	0	0
Common stock, 177,937 shares issued at April 30, 2018 and October 31, 2017, respectively	1,779	1,779
Additional paid-in capital	715,949	720,115
Retained earnings	4,690,272	4,474,064
Treasury stock, at cost - 24,335 and 20,732 shares at April 30, 2018 and October 31, 2017, respectively	(925,317)	(662,854)
Accumulated other comprehensive loss	(1,980)	(1,910)
Total stockholders' equity	4,480,703	4,531,194
Noncontrolling interest	5,893	5,896
Total equity	4,486,596	4,537,090
Total liabilities and stockholders' equity	$ 9,843,726	$ 9,445,225

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Apr. 30, 2018	Oct. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, shares issued	0	0
Common stock, shares issued	177,937	177,937
Treasury stock, at cost	26,073	20,732

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Revenues	$ 1,599,199	$ 1,363,512	$ 2,774,667	$ 2,284,242
Cost of revenues	1,298,157	1,077,441	2,232,637	1,810,443
Selling, general and administrative	166,652	146,752	323,919	283,847
Total	1,464,809	1,224,193	2,556,556	2,094,290
Income from operations	134,390	139,319	218,111	189,952
Other:
Income from unconsolidated entities	2,564	45,904	41,444	92,349
Other income - net	15,794	13,986	24,791	26,689
Income before income taxes	152,748	199,209	284,346	308,990
Income tax provision	40,938	74,571	40,429	113,936
Net income	111,810	124,638	243,917	195,054
Other comprehensive (loss) income, net of tax:
Other comprehensive (loss) income, net	170	168	341	337
Total comprehensive income	$ 111,980	$ 124,806	$ 244,258	$ 195,391
Per share:
Basic earnings	$ 0.73	$ 0.76	$ 1.58	$ 1.20
Diluted earnings	0.72	0.73	1.55	1.15
Cash dividends declared	$ 0.11	$ 0.08	$ 0.19	$ 0.08
Weighted average number of shares:
Basic	152,731	163,492	154,306	163,040
Diluted	155,129	171,403	157,013	170,910

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Cash flow (used in) provided by operating activities:
Net income	$ 243,917	$ 195,054
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	12,520	12,123
Stock-based compensation	15,347	15,585
Income (Loss) from unconsolidated entities	(41,444)	(92,349)
Distributions of earnings from unconsolidated entities	39,508	108,864
Income from foreclosed real estate and distressed loans	(1,026)	(4,018)
Deferred tax (benefit) provision	(29,886)	3,816
Deferred tax valuation allowances		262
Inventory impairments and write-offs	17,685	8,917
Other	754	2,501
Changes in operating assets and liabilities
Increase in inventory	(540,898)	(190,125)
Origination of mortgage loans	(575,285)	(513,836)
Sale of mortgage loans	594,933	671,899
Decrease in restricted cash and investments	1,321	12,445
(Increase) decrease in receivables, prepaid expenses and other assets	(97,388)	56,034
Increase in customer deposits	40,505	57,405
Decrease in accounts payable and accrued expenses	14,204	(128,634)
Decrease in income taxes payable	(19,714)	27,117
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	(324,947)	243,060
Cash flow provided by (used in) investing activities:
Purchase of property and equipment - net	(6,501)	(11,709)
Investments in and advances to unconsolidated entities	(10,800)	(113,515)
Return of investments in unconsolidated entities	54,315	98,087
Investment in distressed loans and foreclosed real estate	(195)	(513)
Return of investments in distressed loans and foreclosed real estate	3,122	4,376
Acquisition of a business, net of cash acquired		(85,183)
Net Cash Provided By (Used In) Investing Activities, Continuing Operations	39,941	(90,408)
Cash flow provided by (used in) financing activities:
Proceeds from issuance of senior notes	400,000	300,000
Debt issuance costs for senior notes	(3,410)	(2,830)
Proceeds from loans payable	1,238,283	769,454
Principal payments of loans payable	(1,276,148)	(1,173,880)
Proceeds from stock-based benefit plans	9,133	40,628
Purchase of treasury stock	(291,478)	(15,422)
Dividends paid	(29,090)	(13,051)
Net Cash Provided By (Used in) Financing Activities, Continuing Operations	47,290	(95,101)
Net increase (decrease) in cash and cash equivalents	(237,716)	57,551
Cash and cash equivalents, beginning of period	712,829	633,715
Cash and cash equivalents, end of period	$ 475,113	$ 691,266

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Apr. 30, 2018
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, 2017 balance sheet amounts and disclosures included herein have been derived from our October 31, 2017 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, 2017 (“ 2017 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 April 30, 2018 ; the results of our operations for the six -month and three-month periods ended April 30, 2018 and 2017 ; and our cash flows for the six -month periods ended April 30, 2018 and 2017 . The results of operations for such interim periods are not necessarily indicative of the results to be expected for the full year. Reclassification The Condensed Consolidated Statement of Cash Flows for the six months ended April 30, 2017 was restated to reflect a reclassification of approximately $18.0 million of cash flow from “Net cash (used in) provided by operating activities” to “Net cash provided by (used in) investing activities” related to restricted investment activity. In addition, certain other prior period amounts have been reclassified to conform to the fiscal 2018 presentation. Recent Accounting Pronouncements In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (“ASU 2018-02”). ASU 2018-02 allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act enacted on December 22, 2017 and also requires entities to disclose their accounting policy for releasing income tax effects from accumulated other comprehensive income. We elected to adopt ASU 2018-02 in the first quarter of fiscal 2018, and the adoption did not have a material effect on our consolidated financial statements and disclosures. In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”). ASU 2017-07 requires an employer to report the service cost component of pension and other post-retirement benefit costs in the same line item as other compensation costs arising from services rendered by the pertinent employees while the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. We adopted ASU 2017-07 on November 1, 2017, and the adoption did not have a material effect 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. We adopted ASU 2016-09 on November 1, 2017. Excess tax benefits or deficiencies for stock-based compensation are now reflected in our Condensed Consolidated Statements of Operations and Comprehensive Income as a component of income tax expense, whereas previously they were recognized in equity. We have also elected to account for forfeitures as they occur, rather than estimate expected forfeitures. As a result of adopting ASU 2016-09, the impact of recognizing excess tax benefits and deficiencies in our Condensed Consolidated Statements of Operations and Comprehensive Income resulted in a $4.0 million reduction in our income tax expense in the six-month period ended April 30, 2018 . The remaining aspects of adopting ASU 2016-09 did not have a material impact on our financial statements and 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 also 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 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. However, we currently expect that the adoption of ASU 2014-09 will result in a reclassification to our current presentation of forfeited customer deposits in our Consolidated Statements of Operations and Comprehensive Income; a reclassification to our current presentation of certain model home costs in our Consolidated Balance Sheets; a change to our current accounting for certain deferred marketing costs as well as incomplete deliverables at the time a home closes; and a change to the timing of recognition of revenues and profits on land sale transactions and certain management fees that we earn from our unconsolidated entities. 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. 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.

Inventory

Inventory	6 Months Ended
	Apr. 30, 2018
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory at April 30, 2018 and October 31, 2017 consisted of the following (amounts in thousands): April 30, October 31, Land controlled for future communities $ 164,206 $ 87,158 Land owned for future communities 1,064,967 1,142,870 Operating communities 6,642,396 6,051,425 $ 7,871,569 $ 7,281,453 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: April 30, October 31, Land owned for future communities: Number of communities 16 14 Carrying value (in thousands) $ 126,998 $ 110,732 Operating communities: Number of communities 2 6 Carrying value (in thousands) $ 14,493 $ 26,749 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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Land controlled for future communities $ 377 $ 782 $ 260 $ 121 Land owned for future communities 247 1,200 247 1,200 Operating communities 17,061 6,935 13,325 2,935 $ 17,685 $ 8,917 $ 13,832 $ 4,256 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 April 30, 2018 , we evaluated our land purchase contracts, including those to acquire land for apartment developments, 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 April 30, 2018 , we determined that 119 land purchase contracts, with an aggregate purchase price of $1.95 billion , on which we had made aggregate deposits totaling $133.0 million , were VIEs, and that we were not the primary beneficiary of any VIE related to our land purchase contracts. At October 31, 2017 , we determined that 104 land purchase contracts, with an aggregate purchase price of $1.43 billion , on which we had made aggregate deposits totaling $65.6 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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Interest capitalized, beginning of period $ 352,049 $ 369,419 $ 354,496 $ 376,880 Interest incurred 81,269 85,310 42,582 43,536 Interest expensed to cost of revenues (78,912 ) (68,486 ) (45,027 ) (40,558 ) Interest expensed in other income (1,001 ) (1,995 ) (285 ) (1,953 ) Interest capitalized on investments in unconsolidated entities (3,602 ) (4,214 ) (1,891 ) (1,820 ) Previously capitalized interest transferred to investments in unconsolidated entities (4,030 ) Previously capitalized interest on investments in unconsolidated entities transferred to inventory 115 209 43 128 Interest capitalized, end of period $ 349,918 $ 376,213 $ 349,918 $ 376,213

Investments in Unconsolidated E

Investments in Unconsolidated Entities	6 Months Ended
	Apr. 30, 2018
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities We have investments in various unconsolidated entities. These entities, which are structured as 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 and land banking 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 April 30, 2018 , 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 14 5 30 Investment in unconsolidated entities $ 222,099 $ 86,220 $ 134,252 $ 14,191 $ 456,762 Number of unconsolidated entities with funding commitments by the Company 4 1 1 1 7 Company’s remaining funding commitment to unconsolidated entities $ 22,081 $ 8,300 $ 530 $ 9,621 $ 40,532 Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at April 30, 2018 , regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 4 3 13 20 Aggregate loan commitments $ 198,500 $ 381,441 $ 1,062,138 $ 1,642,079 Amounts borrowed under loan commitments $ 184,834 $ 217,273 $ 768,254 $ 1,170,361 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 six months ended April 30, 2018 , our Land Development Joint Ventures sold approximately 449 lots and recognized revenues of $102.8 million . We acquired 55 of these lots for $7.3 million . Our share of the joint venture income from the lots we acquired of $0.9 million was deferred by reducing our basis in those lots. During the six months ended April 30, 2017 , our Land Development Joint Ventures sold approximately 509 lots and recognized revenues of $100.8 million . We acquired 162 of these lots for $46.2 million . Our share of the income from the lots we acquired of $7.0 million was deferred by reducing our basis in those lots. The Company recognized other than temporary impairment charges in connection with one Land Development Joint Venture of $2.0 million for the six months ended April 30, 2017 . There were no other than temporary impairment charges recognized for the six months ended April 30, 2018 . During the three months ended April 30, 2018 , our Land Development Joint Ventures sold approximately 200 lots and recognized revenues of $62.6 million . We acquired 25 of these lots for $4.2 million . Our share of the joint venture income of $0.4 million from the lots we acquired was deferred by reducing our basis in those lots. During the three months ended April 30, 2017 , our Land Development Joint Ventures sold approximately 206 lots and recognized revenues of $44.6 million . We acquired 60 of these lots for $21.2 million . Our share of the income of $3.3 million from the lots we acquired was deferred by reducing our basis in those lots. The Company recognized other than temporary impairment charges in connection with one Land Development Joint Venture of $2.0 million for the three months ended April 30, 2017 . There were no other than temporary impairment charges recognized for the three months ended April 30, 2018 . Home Building Joint Ventures Our Home Building Joint Ventures are delivering homes in New York City, New York, and Jupiter, Florida. During the six months ended April 30, 2018 and 2017 , our Home Building Joint Ventures delivered 54 homes with a sales value of $67.9 million , and 143 homes with a sales value of $370.6 million , respectively. During the three months ended April 30, 2018 and 2017 , our Home Building Joint Ventures delivered 26 homes with a sales value of $35.4 million , and 56 homes with a sales value of $153.2 million , respectively. Rental Property Joint Ventures As of April 30, 2018 , our Rental Property Joint Ventures owned 14 for-rent apartment projects and a hotel, which are located in the metro Boston, Massachusetts to metro Washington, D.C. corridor. At April 30, 2018 , our joint ventures had approximately 2,800 units that were occupied or ready for occupancy, 750 units in the lease-up stage, and 1,550 units under active development. In addition, we either own, have under contract, or under a letter of intent approximately 10,300 units, of which 750 units are under active development. We intend to develop these units in joint ventures with unrelated parties in the future. In the second quarter of fiscal 2018, we entered into a joint venture with an unrelated party to develop a 308 -unit luxury for-rent residential apartment building in the Capitol Riverfront of Washington, D.C. Prior to the formation of this joint venture, we acquired the property and incurred approximately $27.4 million of land and land development costs. Our partner acquired a 50% interest in this entity for $17.8 million , including subsequent reimbursement by our partner for development and construction costs incurred by us prior to the sale. As a result of the sale of 50% of our interest to our partner, we recognized a gain of $1.0 million in the second quarter of fiscal 2018. In addition, due to our continued involvement in the joint venture primarily through guarantees provided on the joint venture’s debt, we deferred $3.8 million of gain from the sale. Concurrent with its formation, the joint venture entered into a $72.7 million construction loan agreement to finance the development of this project. At April 30, 2018 , we had an investment of $11.0 million in this joint venture. At April 30, 2018 , there were no outstanding borrowings under the construction loan facility. In the first quarter of fiscal 2018, one of our Rental Property Joint Ventures sold its assets to an unrelated party for $219.0 million . The joint venture had owned, developed, and operated a student housing community in College Park, Maryland. In connection with the sale, the joint venture’s existing $110.0 million loan was repaid. We received cash of $39.3 million and recognized a gain of $30.8 million in the six months ended April 30, 2018, which is included in “Income from unconsolidated entities” in our Condensed Consolidated Statements of Operations and Comprehensive Income. In the first quarter of fiscal 2018, we entered into a joint venture with an unrelated party to develop a 112 -unit luxury for-rent residential apartment project in Belmont, Massachusetts. Prior to the formation of this joint venture, we acquired the property and incurred approximately $22.1 million of land and land development costs. Our partner acquired a 50% interest in this entity for $11.0 million and we subsequently received cash of $10.8 million from our partner. At January 31, 2018, our partner had the right, if certain events did not occur, to exit the venture and require us to repurchase their interest. Given this contingency, as of January 31, 2018, our investment, net of our partner’s contribution, was recorded in “Receivables, prepaid expenses, and other assets” on our Condensed Consolidated Balance Sheet. This right of our partner expired in the second quarter of fiscal 2018 and, accordingly, during the second quarter of fiscal 2018, our net investment in this property of $11.3 million was reclassified to “Investments in unconsolidated entities” on our Condensed Consolidated Balance Sheet. In March 2018, the joint venture entered into a $42.4 million construction loan agreement to provide financing for the development of this property. At April 30, 2018, this joint venture had no outstanding borrowings under the construction loan facility. At April 30, 2018, we had an investment of $15.6 million in this joint venture. In the second quarter of fiscal 2017, we sold 50% of our interest in a Rental Property Joint Venture to an unrelated third party. In connection with the sale, we, along with our partner, recapitalized the joint venture and refinanced the existing $112.2 million construction loan with a $133.0 million , 10 -year fixed rate loan. As a result of these transactions, we received cash of $42.9 million and recognized a gain of $20.5 million in the six months and three months ended April 30, 2017 which is included in “Income from unconsolidated entities” in our Condensed Consolidated Statements of Operations and Comprehensive Income. At April 30, 2018 , we had a 25% interest and a $6.5 million investment in this joint venture. In the first quarter of fiscal 2017, we sold 50% of our interest in a Rental Property Joint Venture to an unrelated party. In connection with the sale, we, along with our partner, recapitalized the joint venture and refinanced the existing $54.1 million construction loan with a $56.0 million , 10 -year fixed rate loan. As a result of these transactions, we received cash of $12.0 million and recognized a gain of $6.2 million in the six months ended April 30, 2017, which is included in “Income from unconsolidated entities” in our Condensed Consolidated Statements of Operations and Comprehensive Income. At April 30, 2018 , we had a 25% interest and a $2.7 million investment in this joint venture. 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 April 30, 2018 , 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 $1.2 million and $0.8 million in the six -month periods ended April 30, 2018 and 2017 , respectively. We recognized fees of $0.6 million and $0.4 million in the three-month periods ended April 30, 2018 and 2017 , respectively. Subsequent Event In May 2018, one of our Rental Property Joint Ventures sold its assets to an unrelated party for $65.5 million . The joint venture had owned, developed, and operated a multifamily rental property located in Westborough, Massachusetts. In connection with the sale, the joint venture’s outstanding loan balance of $30.1 million was repaid and we were released from our guarantees. We received cash of $12.1 million and expect to recognize a gain from the sale of approximately $8.6 million in the third quarter of fiscal 2018. Gibraltar Joint Ventures We, through our wholly owned subsidiary, Gibraltar Capital and Asset Management, LLC (“Gibraltar”), are a member in several ventures with an institutional investor to provide builders and developers with land banking and venture capital. These ventures finance builders’ and developers’ acquisition and development of land and home sites and pursue other complementary investment strategies. We also are a member in a separate venture with the same institutional investor, which purchased, from Gibraltar, certain foreclosed real estate owned and distressed loans in fiscal 2016. Our ownership interest in these ventures is approximately 25% . As of April 30, 2018 , we had an investment of $14.2 million in these ventures. 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 April 30, 2018 , 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 April 30, 2018 , certain unconsolidated entities have loan commitments aggregating $1.19 billion , of which, if the full amount of the debt obligations were borrowed, we estimate $301.4 million to be our maximum exposure related to repayment and carry cost guarantees. At April 30, 2018 , the unconsolidated entities had borrowed an aggregate of $721.8 million , of which we estimate $228.7 million to be our maximum exposure related to repayment and carry cost guarantees. The terms of these guarantees generally range from 4 months to 47 months . These maximum exposure estimates do not take into account any recoveries from the underlying collateral or any reimbursement from our partners. As of April 30, 2018 , the estimated aggregate fair value of the guarantees provided by us related to debt and other obligations of certain unconsolidated entities was approximately $5.5 million . We have not made payments under any of the guarantees, nor have we been called upon to do so. Variable Interest Entities At April 30, 2018 and October 31, 2017 , we determined that eight 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 April 30, 2018 and October 31, 2017 , our investments in the unconsolidated entities deemed to be VIEs, which are included in “Investments in unconsolidated entities” in the accompanying Condensed Consolidated Balance Sheets, totaled $34.2 million and $35.9 million , respectively. At April 30, 2018 , the maximum exposure of loss to our investments in these entities was limited to our investments in the unconsolidated VIEs, except with regard to $70.0 million of loan guarantees and $10.2 million of additional commitments to the VIEs. Of our potential exposure for these loan guarantees, $70.0 million is related to repayment and carry cost guarantees, of which $67.1 million was borrowed at April 30, 2018 . At October 31, 2017 , the maximum exposure of loss to our investments in these entities was limited to our investments in the unconsolidated VIEs, except with regard to $70.0 million of loan guarantees and $10.5 million of additional commitments to the VIEs. At October 31, 2017 , $70.0 million of our potential exposure for these loan guarantees was related to repayment and carry cost guarantees, of which $61.3 million was borrowed at October 31, 2017 . Joint Venture Condensed Financial Information The Condensed Balance Sheets, as of the dates indicated, and the Condensed Statements of Operations, for the periods indicated, for the unconsolidated entities in which we have an investment are included below (in thousands): Condensed Balance Sheets: April 30, October 31, Cash and cash equivalents $ 117,419 $ 153,828 Inventory 1,064,578 1,148,209 Loans receivable, net 13,605 22,495 Rental properties 837,381 970,497 Rental properties under development 322,958 190,541 Real estate owned 34,329 53,902 Other assets 156,690 156,618 Total assets $ 2,546,960 $ 2,696,090 Debt, net of deferred financing costs $ 1,156,927 $ 1,199,583 Other liabilities 156,538 135,292 Members’ equity 1,201,558 1,332,285 Noncontrolling interest 31,937 28,930 Total liabilities and equity $ 2,546,960 $ 2,696,090 Company’s net investment in unconsolidated entities (1) $ 456,762 $ 481,758 (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 investments 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: Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Revenues $ 276,284 $ 500,727 $ 82,663 $ 205,024 Cost of revenues 209,410 290,894 60,660 125,188 Other expenses 44,584 39,722 20,297 18,588 Total expenses 253,994 330,616 80,957 143,776 Gain on disposition of loans and real estate owned 26,480 31,639 11,809 22,753 Income from operations 48,770 201,750 13,515 84,001 Other income 80,866 9,497 1,502 6,912 Income before income taxes 129,636 211,247 15,017 90,913 Income tax provision 349 6,314 151 2,487 Net income including earnings from noncontrolling interests 129,287 204,933 14,866 88,426 Less: income attributable to noncontrolling interest (11,937 ) (13,089 ) (5,855 ) (11,009 ) Net income attributable to controlling interest $ 117,350 $ 191,844 $ 9,011 $ 77,417 Company’s equity in earnings of unconsolidated entities (2) $ 41,444 $ 92,349 $ 2,564 $ 45,904 (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	6 Months Ended
	Apr. 30, 2018
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 April 30, 2018 and October 31, 2017 , consisted of the following (amounts in thousands): April 30, 2018 October 31, 2017 Expected recoveries from insurance carriers and others $ 147,911 $ 153,774 Improvement cost receivable 100,490 99,311 Escrow cash held by our captive title company 37,847 45,923 Properties held for rental apartment development 208,838 146,288 Prepaid expenses 20,375 23,223 Other 84,294 73,698 $ 599,755 $ 542,217 See Note 6, “Accrued Expenses,” for additional information regarding the expected recoveries from insurance carriers and others.

Loans Payable, Senior Notes and

Loans Payable, Senior Notes and Mortgage Company Loan Facility	6 Months Ended
	Apr. 30, 2018
Debt Disclosure [Abstract]
Loans Payable, Senior Notes, and Mortgage Company Loan Facility	Loans Payable, Senior Notes, and Mortgage Company Loan Facility Loans Payable At April 30, 2018 and October 31, 2017 , loans payable consisted of the following (amounts in thousands): April 30, October 31, Senior unsecured term loan $ 500,000 $ 500,000 Loans payable – other 150,806 139,116 Deferred issuance costs (1,507 ) (1,700 ) $ 649,299 $ 637,416 Senior Unsecured Term Loan We have a $500.0 million , five -year senior unsecured term loan facility (the “Term Loan Facility”) with a syndicate of banks. The Term Loan Facility, as amended, matures in August 2021 . At April 30, 2018 , the interest rate on borrowings was 3.30% 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 Credit Facility, as described below. Credit Facility We have a $1.295 billion , unsecured, five -year revolving credit facility (the “Credit Facility”) with a syndicate of banks. The Credit Facility is scheduled to expire in May 2021 . We and substantially all of our 100% -owned home building subsidiaries are guarantors under the Credit Facility. Under the terms of the Credit Facility, at April 30, 2018 , 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 $2.45 billion . Under the terms of the Credit Facility, at April 30, 2018 , our leverage ratio was approximately 0.72 to 1.00, and our tangible net worth was approximately $4.44 billion . Based upon the limitations related to our repurchase of common stock in the Credit Facility, our ability to repurchase our common stock was limited to approximately $2.45 billion as of April 30, 2018 . At April 30, 2018 , we had no outstanding borrowings under the Credit Facility and had approximately $146.4 million of outstanding letters of credit that were issued under the Credit Facility. At April 30, 2018 , the interest rate on borrowings under the Credit Facility would have been 3.41% per annum. Loans Payable – Other “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 April 30, 2018 , the weighted-average interest rate on “Loans payable – other” was 4.15% per annum. Senior Notes At April 30, 2018 , we had eight issues of senior notes outstanding with an aggregate principal amount of $2.87 billion . In January 2018, the Company issued $400.0 million principal amount of 4.350% Senior Notes due 2028. The Company received $396.4 million of net proceeds from the issuance of these senior notes. In March 2017, the Company issued $300.0 million principal amount of 4.875% Senior Notes due 2027 (“ 4.875% Senior Notes”). The Company received $297.2 million of net proceeds from the issuance of these senior notes. In June 2017, we issued an additional $150.0 million principal amount of the previously established 4.875% Senior Notes at a premium to par value plus accrued interest. We received $156.4 million of net proceeds from the issuance of these additional notes. Mortgage Company Loan Facility In October 2017, TBI Mortgage ® Company (“TBI Mortgage”), our wholly owned mortgage subsidiary, entered into a mortgage warehousing agreement (the “Warehousing Agreement”) with a syndicate of banks to finance the origination of mortgage loans by TBI Mortgage. The Warehousing Agreement is accounted for as a secured borrowing under ASC 860, “Transfers and Servicing.” In December 2017, the Warehousing Agreement was amended to provide for loan purchases up to $75.0 million , subject to certain sublimits. Prior to this amendment, the Warehousing Agreement provided for loan purchases up to $100.0 million . In addition, the Warehousing Agreement, as amended, 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 $150.0 million for a short period of time. The Warehousing Agreement, as amended, expires on December 6, 2018 , and borrowings thereunder bear interest at LIBOR plus 1.90% per annum. At April 30, 2018 , the interest rate on the Warehousing Agreement, as amended, was 3.81% per annum.

Accrued Expenses

Accrued Expenses	6 Months Ended
	Apr. 30, 2018
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses at April 30, 2018 and October 31, 2017 consisted of the following (amounts in thousands): April 30, October 31, Land, land development, and construction $ 160,174 $ 146,168 Compensation and employee benefits 127,826 149,145 Escrow liability 36,897 45,209 Self-insurance 169,395 149,303 Warranty 297,343 329,278 Deferred income 37,633 42,798 Interest 40,318 36,035 Commitments to unconsolidated entities 9,025 8,870 Other 57,803 52,547 $ 936,414 $ 959,353 As previously disclosed in Note 7, “Accrued Expenses” in our 2017 Form 10-K, in response to a significant number of water intrusion claims received in fiscal 2014 and thereafter, from owners of stucco and non-stucco homes in communities located in Pennsylvania and Delaware (which are in our Mid-Atlantic region), we reviewed homes built in these communities from 2002 through 2013 to determine whether repairs related to these homes would likely be needed. Our quarterly review process includes an analysis of many factors to determine whether a claim is likely to be received and the estimated costs to resolve any such claim, including: the closing dates of the homes; the number of claims received; 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; the expected recovery from our insurance carriers and suppliers; and the previously recorded amounts related to these claims. We also monitor legal developments relating to these types of claims and review the volume and relative merits of claims in litigation or arbitration. Based on our review performed as of April 30, 2018 , we determined that no adjustments to our previously recorded estimated costs were necessary. Our estimates are predicated on several assumptions for which there is uncertainty including assumptions about, but not limited to, the number of homes to be repaired, the extent of repairs needed, the cost of those repairs, outcomes of pending litigations, arbitrations, and investigations, and expected recoveries from insurance carriers and suppliers. Due to the degree of judgment required and the potential for variability in the underlying assumptions, it is reasonably possible that our actual costs and recoveries could differ from those recorded, such differences could be material, and therefore, we are unable to estimate the range of any such differences. As of April 30, 2018 and 2017 , our recorded aggregate estimated repair costs to be incurred for known and unknown water intrusion claims was $324.4 million , which remains unchanged from the amounts recorded as of October 31, 2017 and 2016. As of April 30, 2018 , we recorded an aggregate of $152.6 million of estimated recoveries from our insurance carriers and suppliers for these claims, which also remains unchanged from the amounts recorded as of October 31, 2017 and 2016. Our recorded remaining estimated repair costs related to water intrusion were approximately $220.4 million as of April 30, 2018 and $251.8 million as of October 31, 2017. Our recorded remaining expected recoveries from insurance carriers and suppliers were approximately $105.5 million as of April 30, 2018 and $119.7 million as of October 31, 2017. The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Balance, beginning of period $ 329,278 $ 370,992 $ 311,450 $ 364,058 Additions – homes closed during the period 14,687 12,701 8,462 7,597 Addition – liabilities acquired in a business acquisition 1,111 Increase in accruals for homes closed in prior years 3,154 3,188 1,211 1,494 Reclassification from other accruals 1,082 350 Charges incurred (49,776 ) (33,140 ) (23,780 ) (17,565 ) Balance, end of period $ 297,343 $ 355,934 $ 297,343 $ 355,934

Income Taxes

Income Taxes	6 Months Ended
	Apr. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded income tax provisions of $40.4 million and $113.9 million for the six months ended April 30, 2018 and 2017 , respectively. The effective tax rate was 14.2% for the six months ended April 30, 2018 , compared to 36.9% for the six months ended April 30, 2017 . For the three months ended April 30, 2018 and 2017, we recorded income tax provisions of $40.9 million and $74.6 million , respectively. The effective tax rate for the three months ended April 30, 2018 was 26.8% , compared to 37.4% for the three months ended April 30, 2017. The income tax provision for the six months and three months ended April 30, 2018 reflects the impact of the Tax Cuts and Jobs Act (the “Tax Act”), which was enacted into law on December 22, 2017. The income tax provision for the six months ended April 30, 2018 also reflects excess tax benefit related to stock-based compensation resulting from the adoption of ASU 2016-09; excess tax benefits are now reflected as a component of income taxes. The income tax provisions for all periods included a provision for state income taxes; interest accrued on anticipated tax assessments; tax benefits related to the utilization of domestic production activities deductions; and other permanent differences. The Tax Act, among other changes, reduced the corporate income tax rate from 35% to 21% effective for tax years beginning after December 31, 2017. For companies with a fiscal year that does not end on December 31, the change in law requires the application of a blended tax rate for the year of the change. Our blended tax rate for our fiscal year ending October 31, 2018 will be 23.3% . Thereafter, the applicable statutory rate will be 21% . ASC 740, “Income Taxes” (“ASC 740”) requires all companies to reflect the effects of the new law in the period in which the law was enacted. Accordingly, we reduced the statutory tax rate applied to earnings for the six months and three months ended April 30, 2018 from 35% to 23.3% . In addition, we remeasured our net deferred tax liability for the tax law change, which resulted in an income tax benefit of $31.2 million in the six months ended April 30, 2018 . Since the Tax Act includes many broad and complex changes to the U.S. tax code, we continue to analyze the impact of the provisions of the Tax Act on our financial statements and disclosures. In December 2017, the SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the enactment date for companies to complete the accounting relating to the Tax Act under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete, but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. In connection with our initial analysis of the impact of the Tax Act on the three months ended January 31, 2018, and in accordance with SAB 118, we recorded a provisional net tax benefit of $31.2 million related to the re-measurement of our net deferred tax liability based on the rates at which our deferred tax balances are expected to reverse in the future. As of April 30, 2018 , no changes were made to the provisional net tax benefit. However, we are still analyzing certain aspects of the Tax Act including the impact of the Tax Act on our deferred tax assets and liabilities, including the estimate of the reversal of existing deferred tax assets and deferred tax liabilities at varying statutory rates and an estimate of the impact of the grandfathering provisions related to performance based executive compensation. The final impact of the Tax Act may differ significantly from this provisional amount, due to, among other things, changes in interpretations and assumptions made by us as a result of additional information and additional guidance that may be issued by the U.S. Department of the Treasury or any other relevant governing body. Any change to the provisional amount would be reflected as a discrete benefit or expense in the quarter that the adjustment is identified. 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 2018 for state income taxes will be approximately 7.1% . Our state income tax rate for the full fiscal year 2017 was 6.5% . At April 30, 2018 , we had $17.3 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	6 Months Ended
	Apr. 30, 2018
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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Total stock-based compensation expense recognized $ 15,347 $ 15,585 $ 6,458 $ 6,256 Income tax benefit recognized $ 4,359 $ 6,094 $ 1,843 $ 2,441 At April 30, 2018 and October 31, 2017 , the aggregate unamortized value of outstanding stock-based compensation awards was approximately $34.3 million and $24.2 million , respectively.

Stock Repurchase Program and Ca

Stock Repurchase Program and Cash Dividend	6 Months Ended
	Apr. 30, 2018
Stock Repurchase Program [Abstract]
Stock Repurchase Program [Text Block]	Stock Repurchase Program and Cash Dividend Effective December 13, 2017, our Board of Directors terminated our previous 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: Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Number of shares purchased (in thousands) 6,221 563 1,794 5 Average price per share $ 46.86 $ 27.41 $ 45.44 $ 35.57 Remaining authorization at April 30 (in thousands) 16,876 15,276 16,876 15,276 Approximately 3.1 million shares purchased in the six months ended April 30, 2018 were acquired under the previous share repurchase program. On February 21, 2017, our Board of Directors approved the initiation of quarterly cash dividends to shareholders. During the six months ended April 30, 2018 and 2017 , we declared and paid dividends of $0.19 and $0.08 per share, respectively. During the three months ended April 30, 2018 and 2017 , we declared and paid dividends of $0.11 and $0.08 per share, respectively.

Earnings Per Share Information

Earnings Per Share Information	6 Months Ended
	Apr. 30, 2018
Earnings Per Share [Abstract]
Income per Share Information	Earnings per Share Information The table below provides, for the periods indicated, information pertaining to the calculation of earnings per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Numerator: Net income as reported $ 243,917 $ 195,054 $ 111,810 $ 124,638 Plus interest and costs attributable to 0.5% Exchangeable Senior Notes, net of income tax benefit (a) 769 385 Numerator for diluted earnings per share $ 243,917 $ 195,823 $ 111,810 $ 125,023 Denominator: Basic weighted-average shares 154,306 163,040 152,731 163,492 Common stock equivalents (b) 2,707 2,011 2,398 2,051 Shares attributable to 0.5% Exchangeable Senior Notes (a) 5,859 5,860 Diluted weighted-average shares 157,013 170,910 155,129 171,403 Other information: Weighted-average number of antidilutive options and restricted stock units (c) 823 3,535 278 1,865 Shares issued under stock incentive and employee stock purchase plans 880 1,974 57 694 (a) On September 15, 2017, we redeemed these notes for cash. (b) 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 upon the conversion of restricted stock units under our equity award programs. (c) Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the New York Stock Exchange for the period.

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Apr. 30, 2018
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 April 30, October 31, 2017 Mortgage Loans Held for Sale Level 2 $ 111,811 $ 132,922 Forward Loan Commitments — Mortgage Loans Held for Sale Level 2 $ 1,570 $ 861 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (6,092 ) $ (1,293 ) Forward Loan Commitments — IRLCs Level 2 $ 6,092 $ 1,293 At April 30, 2018 and October 31, 2017 , 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 / (Deficiency) At April 30, 2018 $ 112,213 $ 111,811 $ (402 ) At October 31, 2017 $ 131,861 $ 132,922 $ 1,061 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 inventory was determined using Level 3 criteria. See Note 1, “Significant Accounting Policies – Inventory,” in our 2017 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 2018: January 31 381 - 1,029 7 - 10 13.8% - 19.0% April 30 485 - 522 10 - 16 16.9% Fiscal 2017: January 31 692 - 880 4 - 12 16.3% April 30 827 - 856 6 - 11 16.3% July 31 465 - 754 3 - 10 16.5% - 19.5% October 31 467 - 540 12 - 30 16.4% 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 2018: January 31 64 5 $ 13,318 $ 3,736 April 30 (1) 65 4 $ 21,811 13,325 $ 17,061 Fiscal 2017: January 31 57 2 $ 8,372 $ 4,000 April 30 46 6 $ 25,092 2,935 July 31 53 4 $ 5,965 1,360 October 31 51 1 $ 6,982 1,500 $ 9,795 (1) Includes $12.0 million of impairments from one community located in our North segment. Debt The table below provides, as of the dates indicated, the book value and estimated fair value of our debt (amounts in thousands): April 30, 2018 October 31, 2017 Fair value Book value Estimated fair value Book value Estimated fair value Loans payable (a) Level 2 $ 650,806 $ 651,929 $ 639,116 $ 639,088 Senior notes (b) Level 1 2,869,876 2,877,967 2,469,876 2,626,131 Mortgage company loan facility (c) Level 2 103,550 103,550 120,145 120,145 $ 3,624,232 $ 3,633,446 $ 3,229,137 $ 3,385,364 (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	6 Months Ended
	Apr. 30, 2018
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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Interest income $ 3,292 $ 1,930 $ 1,212 $ 989 Income from ancillary businesses 7,456 9,716 4,873 7,481 Management fee income from home building 7,425 7,971 4,354 3,682 Retained customer deposits 4,155 3,054 3,071 1,308 Income from land and other sales 3,287 5,086 2,587 1,527 Other (824 ) (1,068 ) (303 ) (1,001 ) Total other income – net $ 24,791 $ 26,689 $ 15,794 $ 13,986 Management fee income from home building unconsolidated entities presented above primarily represents fees earned by Toll Brothers City Living ® (“City Living”) and home building operations. In addition, in the six -month periods ended April 30, 2018 and 2017 , our apartment living operations earned fees from unconsolidated entities of $4.0 million and $2.8 million , respectively. In the three -month periods ended April 30, 2018 and 2017 , our apartment living operations earned fees from unconsolidated entities of $1.7 million and $1.3 million , respectively. Fees earned by our apartment living operations are included in income from ancillary businesses. Income from ancillary businesses includes our mortgage, title, landscaping, security monitoring, Gibraltar, 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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Revenues $ 65,234 $ 61,294 $ 33,911 $ 32,414 Expenses $ 57,778 $ 51,578 $ 29,038 $ 24,933 The table below provides, for the periods indicated, revenues and expenses recognized from land and other sales (amounts in thousands): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Revenues $ 45,186 $ 146,837 $ 38,218 $ 2,123 Expenses (38,065 ) (146,205 ) (31,797 ) (1,932 ) Deferred gain on land sale to joint venture (3,834 ) (3,834 ) Deferred gain recognized 4,454 1,336 Income from land and other sales $ 3,287 $ 5,086 $ 2,587 $ 1,527 Land sale revenues for the six months and three months ended April 30, 2018 include $28.8 million related to in substance real estate sale transactions which resulted in two Rental Property Joint Ventures in which we have a 50% interest in each. On one of these transactions, we recognized a gain of $1.0 million in the second quarter of fiscal 2018. In addition, due to our continued involvement in the joint venture primarily through guarantees provided on the joint venture’s debt, we deferred $3.8 million of gain from the sale. We expect to recognize this deferred gain as the related guarantees expire. Land sale revenues for the six months ended April 30, 2017 include $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. The deferred gains recognized in the fiscal 2017 periods relate to the sale of a property in fiscal 2015 to a Home Building Joint Venture in which we had a 25% interest. Due to our continued involvement in this unconsolidated entity through our ownership interest and guarantees provided on the entity’s debt, we deferred the $9.3 million gain realized on the sale. We recognized the gain as units were sold to the ultimate home buyers which is included in deferred gains recognized above. In the fourth quarter of fiscal 2017, we purchased the remaining inventory from this Home Building Joint Venture. The remaining unamortized deferred gain was used to reduce the basis of the inventory acquired.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Apr. 30, 2018
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. In April 2017, the SEC informed the Company that it was conducting an investigation and requested that we voluntarily produce documents and information relating to our estimated repair costs for stucco and other water intrusion claims in fiscal 2016. The Company has produced detailed information and documents in response to this request. See Note 6, “Accrued Expenses” for additional information regarding these warranty charges. In March 2018, the Pennsylvania Attorney General informed the Company that it was conducting a review of our construction of stucco homes in Pennsylvania after 2005 and requested that we voluntarily produce documents and information. The Company will produce documents and information in response to this request. Management cannot at this time predict the eventual scope or outcome of these matters. 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): April 30, 2018 October 31, 2017 Aggregate purchase commitments: Unrelated parties $ 2,443,177 $ 1,986,276 Unconsolidated entities that the Company has investments in 234,893 248,801 Total $ 2,678,070 $ 2,235,077 Deposits against aggregate purchase commitments $ 175,234 $ 97,706 Credits to be received from unconsolidated entities 123,985 134,630 Additional cash required to acquire land 2,378,851 2,002,741 Total $ 2,678,070 $ 2,235,077 Amount of additional cash required to acquire land included in accrued expenses $ 3,028 $ 4,329 In addition, we expect to purchase approximately 2,300 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 April 30, 2018 , we also had purchase commitments to acquire land for apartment developments of approximately $214.0 million , of which we had outstanding deposits in the amount of $9.3 million . We intend to develop these projects in joint ventures with unrelated parties in the future. We have additional land parcels under option that have been excluded from the aggregate purchase commitments 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. Investments in Unconsolidated Entities At April 30, 2018 , 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. Surety Bonds and Letters of Credit At April 30, 2018 , we had outstanding surety bonds amounting to $735.8 million , primarily related to our obligations to governmental entities to construct improvements in our communities. We estimate that approximately $363.3 million of work remains on these improvements. We have an additional $178.3 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 April 30, 2018 , we had outstanding letters of credit of $146.4 million under our 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 April 30, 2018 , we had agreements of sale outstanding to deliver 7,030 homes with an aggregate sales value of $6.36 billion . Mortgage Commitments Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): April 30, October 31, 2017 Aggregate mortgage loan commitments: IRLCs $ 609,389 $ 350,740 Non-IRLCs 1,449,031 1,146,872 Total $ 2,058,420 $ 1,497,612 Investor commitments to purchase: IRLCs $ 609,389 $ 350,740 Mortgage loans held for sale 106,980 125,710 Total $ 716,369 $ 476,450

Information on Segments

Information on Segments	6 Months Ended
	Apr. 30, 2018
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 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 In addition, in the first quarter of fiscal 2018, we acquired our first parcel of land in Salt Lake City, Utah. Once operations commence, Utah will be included in our West segment. Revenue and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Revenues: Traditional Home Building: North $ 360,494 $ 334,983 $ 226,214 $ 189,345 Mid-Atlantic 461,865 410,542 254,907 226,491 South 412,206 337,307 240,714 195,111 West 607,421 513,835 349,388 302,702 California 725,446 593,079 438,342 373,303 Traditional Home Building 2,567,432 2,189,746 1,509,565 1,286,952 City Living 207,235 94,496 89,634 76,560 Total $ 2,774,667 $ 2,284,242 $ 1,599,199 $ 1,363,512 Income (loss) before income taxes: Traditional Home Building: North $ 2,036 $ 20,606 $ 1,657 $ 10,513 Mid-Atlantic 34,344 33,543 20,444 21,911 South 39,278 33,930 27,130 20,819 West 78,653 67,822 48,049 42,325 California 146,518 126,529 85,661 83,336 Traditional Home Building 300,829 282,430 182,941 178,904 City Living 46,649 85,032 16,685 41,930 Corporate and other (63,132 ) (58,472 ) (46,878 ) (21,625 ) Total $ 284,346 $ 308,990 $ 152,748 $ 199,209 “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 our Rental Property Joint Ventures and Gibraltar Joint Ventures. Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands): April 30, October 31, Traditional Home Building: North $ 1,085,200 $ 1,074,969 Mid-Atlantic 1,185,334 1,121,013 South 1,291,941 1,184,956 West 1,423,300 1,275,298 California 2,983,624 2,630,041 Traditional Home Building 7,969,399 7,286,277 City Living 555,876 647,174 Corporate and other 1,318,451 1,511,774 Total $ 9,843,726 $ 9,445,225 “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 and operations, manufacturing facilities, and our mortgage and title subsidiaries.

Supplemental Disclosure to Cond

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows	6 Months Ended
	Apr. 30, 2018
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): Six months ended April 30, 2018 2017 Cash flow information: Interest paid, net of amount capitalized $ 5,878 $ 7,659 Income tax payments $ 90,352 $ 83,666 Income tax refunds $ 322 $ 925 Noncash activity: Cost of inventory acquired through seller financing or municipal bonds, net $ 46,575 $ 26,232 Financed portion of land sale $ 625 Reduction in inventory for our share of earnings in land purchased from unconsolidated entities and allocation of basis difference $ 861 $ 7,094 Rental property acquired by capital land lease $ 7,167 Deferred tax decrease related to stock-based compensation activity included in additional paid-in capital $ 5,068 Transfer of other assets to inventory $ 21,189 Transfer of inventory to investment in unconsolidated entities $ 36,256 Transfer of other assets to investment in unconsolidated entities $ 21,546 Reclassification of deferred income from accrued expenses to investment in unconsolidated entities $ 5,995 Miscellaneous (decreases) increases to investments in unconsolidated entities $ (378 ) $ 1,951 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	6 Months Ended
	Apr. 30, 2018
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information [Text Block]	Supplemental Guarantor Information At April 30, 2018 , 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 4.0% Senior Notes due December 31, 2018 $ 350,000 6.75% Senior Notes due November 1, 2019 $ 250,000 5.875% Senior Notes due February 15, 2022 $ 419,876 4.375% Senior Notes due April 15, 2023 $ 400,000 5.625% Senior Notes due January 15, 2024 $ 250,000 4.875% Senior Notes due November 15, 2025 $ 350,000 4.875% Senior Notes due March 15, 2027 $ 450,000 4.350% Senior Notes due February 15, 2028 $ 400,000 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 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 Credit Facility. If there are no guarantors under the Credit Facility, all Guarantor Subsidiaries under the indentures will be released from their guarantees. As of October 31, 2017 , one of our 100%-owned subsidiaries was released from its guarantee obligation on these Senior Notes. The Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) and of Cash Flows for the six months and three months ended April 30, 2017 presented below has been retroactively restated to reflect this subsidiary as a Nonguarantor Subsidiary. 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 April 30, 2018 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents — — 284,320 190,793 — 475,113 Restricted cash and investments 281 880 1,161 Inventory 7,694,392 177,177 7,871,569 Property, construction and office equipment, net 161,885 23,791 185,676 Receivables, prepaid expenses and other assets 321,212 390,340 (111,797 ) 599,755 Mortgage loans held for sale 111,811 111,811 Customer deposits held in escrow 127,822 7,250 135,072 Investments in unconsolidated entities 47,223 409,539 456,762 Investments in and advances to consolidated entities 4,487,504 2,916,816 155,315 127,177 (7,686,812 ) — Deferred tax assets, net of valuation allowances 6,807 6,807 4,494,311 2,916,816 8,792,450 1,438,758 (7,798,609 ) 9,843,726 LIABILITIES AND EQUITY Liabilities Loans payable 649,299 649,299 Senior notes 2,860,290 2,860,290 Mortgage company loan facility 103,550 103,550 Customer deposits 455,002 14,584 469,586 Accounts payable 322,704 1,901 324,605 Accrued expenses 222 38,685 558,264 457,801 (118,558 ) 936,414 Advances from consolidated entities 1,705,147 602,297 (2,307,444 ) — Income taxes payable 13,386 13,386 Total liabilities 13,608 2,898,975 3,690,416 1,180,133 (2,426,002 ) 5,357,130 Equity Stockholders’ equity Common stock 1,779 48 3,006 (3,054 ) 1,779 Additional paid-in capital 715,949 49,400 93,734 (143,134 ) 715,949 Retained earnings (deficit) 4,690,272 (31,559 ) 5,101,986 155,992 (5,226,419 ) 4,690,272 Treasury stock, at cost (925,317 ) (925,317 ) Accumulated other comprehensive loss (1,980 ) (1,980 ) Total stockholders’ equity 4,480,703 17,841 5,102,034 252,732 (5,372,607 ) 4,480,703 Noncontrolling interest 5,893 5,893 Total equity 4,480,703 17,841 5,102,034 258,625 (5,372,607 ) 4,486,596 4,494,311 2,916,816 8,792,450 1,438,758 (7,798,609 ) 9,843,726 Condensed Consolidating Balance Sheet at October 31, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated ASSETS Cash and cash equivalents — — 533,204 179,625 — 712,829 Restricted cash and investments 1,500 982 2,482 Inventory 7,017,331 264,122 7,281,453 Property, construction and office equipment, net 165,464 24,083 189,547 Receivables, prepaid expenses and other assets 319,592 296,699 (74,074 ) 542,217 Mortgage loans held for sale 132,922 132,922 Customer deposits held in escrow 96,956 5,061 102,017 Investments in unconsolidated entities 66,897 414,861 481,758 Investments in and advances to consolidated entities 4,589,228 2,514,649 91,740 126,799 (7,322,416 ) — 4,589,228 2,514,649 8,292,684 1,445,154 (7,396,490 ) 9,445,225 LIABILITIES AND EQUITY Liabilities Loans payable 637,416 637,416 Senior notes 2,462,463 2,462,463 Mortgage company loan facility 120,145 120,145 Customer deposits 377,083 18,943 396,026 Accounts payable 271,617 3,606 275,223 Accrued expenses 141 34,345 563,577 440,631 (79,341 ) 959,353 Advances from consolidated entities 1,584,957 659,904 (2,244,861 ) — Income taxes payable 57,893 (384 ) 57,509 Total liabilities 58,034 2,496,808 3,434,650 1,242,845 (2,324,202 ) 4,908,135 Equity Stockholders’ equity Common stock 1,779 48 3,006 (3,054 ) 1,779 Additional paid-in capital 720,115 49,400 93,734 (143,134 ) 720,115 Retained earnings (deficit) 4,474,064 (31,559 ) 4,857,986 99,673 (4,926,100 ) 4,474,064 Treasury stock, at cost (662,854 ) (662,854 ) Accumulated other comprehensive loss (1,910 ) (1,910 ) Total stockholders’ equity 4,531,194 17,841 4,858,034 196,413 (5,072,288 ) 4,531,194 Noncontrolling interest 5,896 5,896 Total equity 4,531,194 17,841 4,858,034 202,309 (5,072,288 ) 4,537,090 4,589,228 2,514,649 8,292,684 1,445,154 (7,396,490 ) 9,445,225 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the six months ended April 30, 2018 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Revenues 2,627,343 237,658 (90,334 ) 2,774,667 Cost of revenues 2,093,152 171,743 (32,258 ) 2,232,637 Selling, general and administrative 32 1,627 333,128 40,334 (51,202 ) 323,919 32 1,627 2,426,280 212,077 (83,460 ) 2,556,556 Income (loss) from operations (32 ) (1,627 ) 201,063 25,581 (6,874 ) 218,111 Other: Income from unconsolidated entities 6,733 34,711 41,444 Other income – net 12,683 4,066 8,042 24,791 Intercompany interest income 69,203 389 2,081 (71,673 ) — Interest expense (67,576 ) (2,081 ) (786 ) 70,443 — Income from subsidiaries 284,378 65,653 (350,031 ) — Income before income taxes 284,346 — 284,440 65,653 (350,093 ) 284,346 Income tax provision 40,429 40,442 9,335 (49,777 ) 40,429 Net income 243,917 — 243,998 56,318 (300,316 ) 243,917 Other comprehensive income 341 341 Total comprehensive income 244,258 — 243,998 56,318 (300,316 ) 244,258 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the six months ended April 30, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Revenues 2,239,917 129,698 (85,373 ) 2,284,242 Cost of revenues 1,767,348 79,634 (36,539 ) 1,810,443 Selling, general and administrative 24 1,965 297,218 35,178 (50,538 ) 283,847 24 1,965 2,064,566 114,812 (87,077 ) 2,094,290 Income (loss) from operations (24 ) (1,965 ) 175,351 14,886 1,704 189,952 Other: Income from unconsolidated entities 8,478 83,871 92,349 Other income – net 4,682 11,142 8,809 2,056 26,689 Intercompany interest income 75,053 2,146 (77,199 ) — Interest expense (77,745 ) (954 ) 78,699 — Income from subsidiaries 304,332 104,102 (408,434 ) — Income (loss) before income taxes 308,990 (4,657 ) 299,073 108,758 (403,174 ) 308,990 Income tax provision (benefit) 113,936 (1,717 ) 110,268 40,099 (148,650 ) 113,936 Net income (loss) 195,054 (2,940 ) 188,805 68,659 (254,524 ) 195,054 Other comprehensive income 337 337 Total comprehensive income (loss) 195,391 (2,940 ) 188,805 68,659 (254,524 ) 195,391 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended April 30, 2018 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues 1,511,989 133,544 (46,334 ) 1,599,199 Cost of revenues 1,218,344 94,256 (14,443 ) 1,298,157 Selling, general and administrative 14 787 171,049 20,161 (25,359 ) 166,652 14 787 1,389,393 114,417 (39,802 ) 1,464,809 Income (loss) from operations (14 ) (787 ) 122,596 19,127 (6,532 ) 134,390 Other: Income from unconsolidated entities 1,601 963 2,564 Other income – net 6,798 3,022 5,974 15,794 Intercompany interest income 36,508 389 1,058 (37,955 ) — Interest expense (35,721 ) (1,058 ) (418 ) 37,197 — Income from subsidiaries 152,762 23,752 (176,514 ) — Income before income taxes 152,748 — 154,078 23,752 (177,830 ) 152,748 Income tax provision (benefit) 40,938 52,971 (2,527 ) (50,444 ) 40,938 Net income 111,810 — 101,107 26,279 (127,386 ) 111,810 Other comprehensive income 170 170 Total comprehensive income 111,980 — 101,107 26,279 (127,386 ) 111,980 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended April 30, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues 1,324,094 84,002 (44,584 ) 1,363,512 Cost of revenues 1,043,091 50,163 (15,813 ) 1,077,441 Selling, general and administrative 24 997 153,337 18,230 (25,836 ) 146,752 24 997 1,196,428 68,393 (41,649 ) 1,224,193 Income (loss) from operations (24 ) (997 ) 127,666 15,609 (2,935 ) 139,319 Other: Income from unconsolidated entities 3,334 42,570 45,904 Other income – net 2,289 3,891 4,309 3,497 13,986 Intercompany interest income 38,557 2,146 (40,703 ) — Interest expense (39,850 ) (291 ) 40,141 — Income from subsidiaries 196,944 62,054 (258,998 ) — Income (loss) before income taxes 199,209 (2,290 ) 196,945 64,343 (258,998 ) 199,209 Income tax provision (benefit) 74,571 (868 ) 73,647 24,173 (96,952 ) 74,571 Net income (loss) 124,638 (1,422 ) 123,298 40,170 (162,046 ) 124,638 Other comprehensive income 168 168 Total comprehensive income (loss) 124,806 (1,422 ) 123,298 40,170 (162,046 ) 124,806 Condensed Consolidating Statement of Cash Flows for the six months ended April 30, 2018 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Net cash (used in) provided by operating activities (34,719 ) 5,576 (355,917 ) 61,174 (1,061 ) (324,947 ) Cash flow provided by (used in) investing activities: Purchase of property and equipment - net (6,660 ) 159 (6,501 ) Investments in unconsolidated entities (1,393 ) (9,407 ) (10,800 ) Return of investments in unconsolidated entities 23,421 30,894 54,315 Investment in foreclosed real estate and distressed loans (195 ) (195 ) Return of investments in foreclosed real estate and distressed loans 3,122 3,122 Intercompany advances 346,154 (402,166 ) 56,012 — Net cash provided by (used in) investing activities 346,154 (402,166 ) 15,368 24,573 56,012 39,941 Cash flow provided by (used in) financing activities: Proceeds from issuance of senior notes 400,000 400,000 Debt issuance costs for senior notes (3,410 ) (3,410 ) Proceeds from loans payable 450,000 788,283 1,238,283 Principal payments of loans payable (471,270 ) (804,878 ) (1,276,148 ) Proceeds from stock-based benefit plans 9,133 9,133 Purchase of treasury stock (291,478 ) (291,478 ) Dividends paid (29,090 ) (29,090 ) Intercompany advances 112,935 (57,984 ) (54,951 ) — Net cash provided by (used in) financing activities (311,435 ) 396,590 91,665 (74,579 ) (54,951 ) 47,290 Net (decrease) increase in cash and cash equivalents — — (248,884 ) 11,168 — (237,716 ) Cash and cash equivalents, beginning of period — — 533,204 179,625 — 712,829 Cash and cash equivalents, end of period — — 284,320 190,793 — 475,113 Condensed Consolidating Statement of Cash Flows for the six months ended April 30, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Net cash provided by (used in) operating activities 54,209 6,729 (86,868 ) 280,465 (11,475 ) 243,060 Cash flow (used in) provided by investing activities: Purchase of property and equipment — net (12,043 ) 334 (11,709 ) Sale and redemption of marketable securities and restricted investments — net 10,631 7,418 18,049 Investments in unconsolidated entities (1,969 ) (111,546 ) (113,515 ) Return of investments in unconsolidated entities 29,566 68,521 98,087 Investment in foreclosed real estate and distressed loans (513 ) (513 ) Return of investments in foreclosed real estate and distressed loans 4,376 4,376 Acquisition of a business (85,183 ) (85,183 ) Investment paid - intercompany (45,000 ) 45,000 — Intercompany advances (76,995 ) (303,899 ) 380,894 — Net cash used in investing activities (66,364 ) (303,899 ) (114,629 ) (31,410 ) 425,894 (90,408 ) Cash flow (used in) provided by financing activities: Proceeds from issuance of senior notes 300,000 300,000 Debt issuance costs for senior notes (2,830 ) (2,830 ) Proceeds from loans payable 125,000 644,454 769,454 Principal payments of loans payable (380,555 ) (793,325 ) (1,173,880 ) Proceeds from stock-based benefit plans 40,628 40,628 Purchase of treasury stock (15,422 ) (15,422 ) Dividends paid (13,051 ) (13,051 ) Investment received - intercompany 45,000 (45,000 ) — Intercompany advances 475,693 (106,274 ) (369,419 ) — Net cash (used in) provided by financing activities 12,155 297,170 220,138 (210,145 ) (414,419 ) (95,101 ) Net increase in cash and cash equivalents — — 18,641 38,910 — 57,551 Cash and cash equivalents, beginning of period — — 583,440 50,275 — 633,715 Cash and cash equivalents, end of period — — 602,081 89,185 — 691,266

Significant Accounting Polici22

Significant Accounting Policies (Policies)	6 Months Ended
	Apr. 30, 2018
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, 2017 balance sheet amounts and disclosures included herein have been derived from our October 31, 2017 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, 2017 (“ 2017 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 April 30, 2018 ; the results of our operations for the six -month and three-month periods ended April 30, 2018 and 2017 ; and our cash flows for the six -month periods ended April 30, 2018 and 2017 . The results of operations for such interim periods are not necessarily indicative of the results to be expected for the full year.
Reclassification, Policy [Policy Text Block]	Reclassification The Condensed Consolidated Statement of Cash Flows for the six months ended April 30, 2017 was restated to reflect a reclassification of approximately $18.0 million of cash flow from “Net cash (used in) provided by operating activities” to “Net cash provided by (used in) investing activities” related to restricted investment activity. In addition, certain other prior period amounts have been reclassified to conform to the fiscal 2018 presentation.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (“ASU 2018-02”). ASU 2018-02 allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act enacted on December 22, 2017 and also requires entities to disclose their accounting policy for releasing income tax effects from accumulated other comprehensive income. We elected to adopt ASU 2018-02 in the first quarter of fiscal 2018, and the adoption did not have a material effect on our consolidated financial statements and disclosures. In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”). ASU 2017-07 requires an employer to report the service cost component of pension and other post-retirement benefit costs in the same line item as other compensation costs arising from services rendered by the pertinent employees while the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. We adopted ASU 2017-07 on November 1, 2017, and the adoption did not have a material effect 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. We adopted ASU 2016-09 on November 1, 2017. Excess tax benefits or deficiencies for stock-based compensation are now reflected in our Condensed Consolidated Statements of Operations and Comprehensive Income as a component of income tax expense, whereas previously they were recognized in equity. We have also elected to account for forfeitures as they occur, rather than estimate expected forfeitures. As a result of adopting ASU 2016-09, the impact of recognizing excess tax benefits and deficiencies in our Condensed Consolidated Statements of Operations and Comprehensive Income resulted in a $4.0 million reduction in our income tax expense in the six-month period ended April 30, 2018 . The remaining aspects of adopting ASU 2016-09 did not have a material impact on our financial statements and 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 also 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 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. However, we currently expect that the adoption of ASU 2014-09 will result in a reclassification to our current presentation of forfeited customer deposits in our Consolidated Statements of Operations and Comprehensive Income; a reclassification to our current presentation of certain model home costs in our Consolidated Balance Sheets; a change to our current accounting for certain deferred marketing costs as well as incomplete deliverables at the time a home closes; and a change to the timing of recognition of revenues and profits on land sale transactions and certain management fees that we earn from our unconsolidated entities. 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. 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.

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Apr. 30, 2018
Inventory Disclosure [Abstract]
Inventory	Inventory at April 30, 2018 and October 31, 2017 consisted of the following (amounts in thousands): April 30, October 31, Land controlled for future communities $ 164,206 $ 87,158 Land owned for future communities 1,064,967 1,142,870 Operating communities 6,642,396 6,051,425 $ 7,871,569 $ 7,281,453
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: April 30, October 31, Land owned for future communities: Number of communities 16 14 Carrying value (in thousands) $ 126,998 $ 110,732 Operating communities: Number of communities 2 6 Carrying value (in thousands) $ 14,493 $ 26,749
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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Land controlled for future communities $ 377 $ 782 $ 260 $ 121 Land owned for future communities 247 1,200 247 1,200 Operating communities 17,061 6,935 13,325 2,935 $ 17,685 $ 8,917 $ 13,832 $ 4,256
Interest incurred, capitalized and expensed	Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Interest capitalized, beginning of period $ 352,049 $ 369,419 $ 354,496 $ 376,880 Interest incurred 81,269 85,310 42,582 43,536 Interest expensed to cost of revenues (78,912 ) (68,486 ) (45,027 ) (40,558 ) Interest expensed in other income (1,001 ) (1,995 ) (285 ) (1,953 ) Interest capitalized on investments in unconsolidated entities (3,602 ) (4,214 ) (1,891 ) (1,820 ) Previously capitalized interest transferred to investments in unconsolidated entities (4,030 ) Previously capitalized interest on investments in unconsolidated entities transferred to inventory 115 209 43 128 Interest capitalized, end of period $ 349,918 $ 376,213 $ 349,918 $ 376,213

Investments in Unconsolidated24

Investments in Unconsolidated Entities (Tables)	6 Months Ended
	Apr. 30, 2018
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 April 30, 2018 , 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 14 5 30 Investment in unconsolidated entities $ 222,099 $ 86,220 $ 134,252 $ 14,191 $ 456,762 Number of unconsolidated entities with funding commitments by the Company 4 1 1 1 7 Company’s remaining funding commitment to unconsolidated entities $ 22,081 $ 8,300 $ 530 $ 9,621 $ 40,532
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 April 30, 2018 , regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 4 3 13 20 Aggregate loan commitments $ 198,500 $ 381,441 $ 1,062,138 $ 1,642,079 Amounts borrowed under loan commitments $ 184,834 $ 217,273 $ 768,254 $ 1,170,361
Condensed balance sheet	Condensed Balance Sheets: April 30, October 31, Cash and cash equivalents $ 117,419 $ 153,828 Inventory 1,064,578 1,148,209 Loans receivable, net 13,605 22,495 Rental properties 837,381 970,497 Rental properties under development 322,958 190,541 Real estate owned 34,329 53,902 Other assets 156,690 156,618 Total assets $ 2,546,960 $ 2,696,090 Debt, net of deferred financing costs $ 1,156,927 $ 1,199,583 Other liabilities 156,538 135,292 Members’ equity 1,201,558 1,332,285 Noncontrolling interest 31,937 28,930 Total liabilities and equity $ 2,546,960 $ 2,696,090 Company’s net investment in unconsolidated entities (1) $ 456,762 $ 481,758 (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 investments 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: Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Revenues $ 276,284 $ 500,727 $ 82,663 $ 205,024 Cost of revenues 209,410 290,894 60,660 125,188 Other expenses 44,584 39,722 20,297 18,588 Total expenses 253,994 330,616 80,957 143,776 Gain on disposition of loans and real estate owned 26,480 31,639 11,809 22,753 Income from operations 48,770 201,750 13,515 84,001 Other income 80,866 9,497 1,502 6,912 Income before income taxes 129,636 211,247 15,017 90,913 Income tax provision 349 6,314 151 2,487 Net income including earnings from noncontrolling interests 129,287 204,933 14,866 88,426 Less: income attributable to noncontrolling interest (11,937 ) (13,089 ) (5,855 ) (11,009 ) Net income attributable to controlling interest $ 117,350 $ 191,844 $ 9,011 $ 77,417 Company’s equity in earnings of unconsolidated entities (2) $ 41,444 $ 92,349 $ 2,564 $ 45,904 (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)	6 Months Ended
	Apr. 30, 2018
Receivables, prepaid expenses and other assets [Abstract]
Receivables, prepaid expenses, and other assets [Table Text Block]	Receivables, prepaid expenses, and other assets at April 30, 2018 and October 31, 2017 , consisted of the following (amounts in thousands): April 30, 2018 October 31, 2017 Expected recoveries from insurance carriers and others $ 147,911 $ 153,774 Improvement cost receivable 100,490 99,311 Escrow cash held by our captive title company 37,847 45,923 Properties held for rental apartment development 208,838 146,288 Prepaid expenses 20,375 23,223 Other 84,294 73,698 $ 599,755 $ 542,217 See Note 6, “Accrued Expenses,” for additional information regarding the expected recoveries from insurance carriers and others.

Loans Payable, Senior Notes a26

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Tables)	6 Months Ended
	Apr. 30, 2018
Debt Disclosure [Abstract]
Loans Payable [Text Block]	At April 30, 2018 and October 31, 2017 , loans payable consisted of the following (amounts in thousands): April 30, October 31, Senior unsecured term loan $ 500,000 $ 500,000 Loans payable – other 150,806 139,116 Deferred issuance costs (1,507 ) (1,700 ) $ 649,299 $ 637,416

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Apr. 30, 2018
Payables and Accruals [Abstract]
Accrued expenses	Accrued expenses at April 30, 2018 and October 31, 2017 consisted of the following (amounts in thousands): April 30, October 31, Land, land development, and construction $ 160,174 $ 146,168 Compensation and employee benefits 127,826 149,145 Escrow liability 36,897 45,209 Self-insurance 169,395 149,303 Warranty 297,343 329,278 Deferred income 37,633 42,798 Interest 40,318 36,035 Commitments to unconsolidated entities 9,025 8,870 Other 57,803 52,547 $ 936,414 $ 959,353
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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Balance, beginning of period $ 329,278 $ 370,992 $ 311,450 $ 364,058 Additions – homes closed during the period 14,687 12,701 8,462 7,597 Addition – liabilities acquired in a business acquisition 1,111 Increase in accruals for homes closed in prior years 3,154 3,188 1,211 1,494 Reclassification from other accruals 1,082 350 Charges incurred (49,776 ) (33,140 ) (23,780 ) (17,565 ) Balance, end of period $ 297,343 $ 355,934 $ 297,343 $ 355,934

Stock-Based Benefit Plans (Tabl

Stock-Based Benefit Plans (Tables)	6 Months Ended
	Apr. 30, 2018
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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Total stock-based compensation expense recognized $ 15,347 $ 15,585 $ 6,458 $ 6,256 Income tax benefit recognized $ 4,359 $ 6,094 $ 1,843 $ 2,441

Stock Repurchase Program and 29

Stock Repurchase Program and Cash Dividend (Tables)	6 Months Ended
	Apr. 30, 2018
Stock Repurchase Program [Abstract]
Stock repurchase program	The table below provides, for the periods indicated, information about our share repurchase programs: Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Number of shares purchased (in thousands) 6,221 563 1,794 5 Average price per share $ 46.86 $ 27.41 $ 45.44 $ 35.57 Remaining authorization at April 30 (in thousands) 16,876 15,276 16,876 15,276

Earnings Per Share Information

Earnings Per Share Information (Tables)	6 Months Ended
	Apr. 30, 2018
Earnings Per Share [Abstract]
Income per share calculation	The table below provides, for the periods indicated, information pertaining to the calculation of earnings per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Numerator: Net income as reported $ 243,917 $ 195,054 $ 111,810 $ 124,638 Plus interest and costs attributable to 0.5% Exchangeable Senior Notes, net of income tax benefit (a) 769 385 Numerator for diluted earnings per share $ 243,917 $ 195,823 $ 111,810 $ 125,023 Denominator: Basic weighted-average shares 154,306 163,040 152,731 163,492 Common stock equivalents (b) 2,707 2,011 2,398 2,051 Shares attributable to 0.5% Exchangeable Senior Notes (a) 5,859 5,860 Diluted weighted-average shares 157,013 170,910 155,129 171,403 Other information: Weighted-average number of antidilutive options and restricted stock units (c) 823 3,535 278 1,865 Shares issued under stock incentive and employee stock purchase plans 880 1,974 57 694 (a) On September 15, 2017, we redeemed these notes for cash. (b) 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 upon the conversion of restricted stock units under our equity award programs. (c) Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the New York Stock Exchange for the period.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Apr. 30, 2018
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 April 30, October 31, 2017 Mortgage Loans Held for Sale Level 2 $ 111,811 $ 132,922 Forward Loan Commitments — Mortgage Loans Held for Sale Level 2 $ 1,570 $ 861 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (6,092 ) $ (1,293 ) Forward Loan Commitments — IRLCs Level 2 $ 6,092 $ 1,293
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 / (Deficiency) At April 30, 2018 $ 112,213 $ 111,811 $ (402 ) At October 31, 2017 $ 131,861 $ 132,922 $ 1,061
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 2018: January 31 64 5 $ 13,318 $ 3,736 April 30 (1) 65 4 $ 21,811 13,325 $ 17,061 Fiscal 2017: January 31 57 2 $ 8,372 $ 4,000 April 30 46 6 $ 25,092 2,935 July 31 53 4 $ 5,965 1,360 October 31 51 1 $ 6,982 1,500 $ 9,795
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): April 30, 2018 October 31, 2017 Fair value Book value Estimated fair value Book value Estimated fair value Loans payable (a) Level 2 $ 650,806 $ 651,929 $ 639,116 $ 639,088 Senior notes (b) Level 1 2,869,876 2,877,967 2,469,876 2,626,131 Mortgage company loan facility (c) Level 2 103,550 103,550 120,145 120,145 $ 3,624,232 $ 3,633,446 $ 3,229,137 $ 3,385,364 (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 2018: January 31 381 - 1,029 7 - 10 13.8% - 19.0% April 30 485 - 522 10 - 16 16.9% Fiscal 2017: January 31 692 - 880 4 - 12 16.3% April 30 827 - 856 6 - 11 16.3% July 31 465 - 754 3 - 10 16.5% - 19.5% October 31 467 - 540 12 - 30 16.4%

Other Income - Net (Tables)

Other Income - Net (Tables)	6 Months Ended
	Apr. 30, 2018
Other Income and Expenses [Abstract]
Other Income - net	The table below provides the significant components of other income – net (amounts in thousands): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Interest income $ 3,292 $ 1,930 $ 1,212 $ 989 Income from ancillary businesses 7,456 9,716 4,873 7,481 Management fee income from home building 7,425 7,971 4,354 3,682 Retained customer deposits 4,155 3,054 3,071 1,308 Income from land and other sales 3,287 5,086 2,587 1,527 Other (824 ) (1,068 ) (303 ) (1,001 ) Total other income – net $ 24,791 $ 26,689 $ 15,794 $ 13,986
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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Revenues $ 65,234 $ 61,294 $ 33,911 $ 32,414 Expenses $ 57,778 $ 51,578 $ 29,038 $ 24,933
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 and other sales (amounts in thousands): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Revenues $ 45,186 $ 146,837 $ 38,218 $ 2,123 Expenses (38,065 ) (146,205 ) (31,797 ) (1,932 ) Deferred gain on land sale to joint venture (3,834 ) (3,834 ) Deferred gain recognized 4,454 1,336 Income from land and other sales $ 3,287 $ 5,086 $ 2,587 $ 1,527

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Apr. 30, 2018
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): April 30, 2018 October 31, 2017 Aggregate purchase commitments: Unrelated parties $ 2,443,177 $ 1,986,276 Unconsolidated entities that the Company has investments in 234,893 248,801 Total $ 2,678,070 $ 2,235,077 Deposits against aggregate purchase commitments $ 175,234 $ 97,706 Credits to be received from unconsolidated entities 123,985 134,630 Additional cash required to acquire land 2,378,851 2,002,741 Total $ 2,678,070 $ 2,235,077 Amount of additional cash required to acquire land included in accrued expenses $ 3,028 $ 4,329
Company mortgage commitments	Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): April 30, October 31, 2017 Aggregate mortgage loan commitments: IRLCs $ 609,389 $ 350,740 Non-IRLCs 1,449,031 1,146,872 Total $ 2,058,420 $ 1,497,612 Investor commitments to purchase: IRLCs $ 609,389 $ 350,740 Mortgage loans held for sale 106,980 125,710 Total $ 716,369 $ 476,450

Information on Segments (Tables

Information on Segments (Tables)	6 Months Ended
	Apr. 30, 2018
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): Six months ended April 30, Three months ended April 30, 2018 2017 2018 2017 Revenues: Traditional Home Building: North $ 360,494 $ 334,983 $ 226,214 $ 189,345 Mid-Atlantic 461,865 410,542 254,907 226,491 South 412,206 337,307 240,714 195,111 West 607,421 513,835 349,388 302,702 California 725,446 593,079 438,342 373,303 Traditional Home Building 2,567,432 2,189,746 1,509,565 1,286,952 City Living 207,235 94,496 89,634 76,560 Total $ 2,774,667 $ 2,284,242 $ 1,599,199 $ 1,363,512 Income (loss) before income taxes: Traditional Home Building: North $ 2,036 $ 20,606 $ 1,657 $ 10,513 Mid-Atlantic 34,344 33,543 20,444 21,911 South 39,278 33,930 27,130 20,819 West 78,653 67,822 48,049 42,325 California 146,518 126,529 85,661 83,336 Traditional Home Building 300,829 282,430 182,941 178,904 City Living 46,649 85,032 16,685 41,930 Corporate and other (63,132 ) (58,472 ) (46,878 ) (21,625 ) Total $ 284,346 $ 308,990 $ 152,748 $ 199,209 “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 our Rental Property Joint Ventures and Gibraltar Joint Ventures. Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands): April 30, October 31, Traditional Home Building: North $ 1,085,200 $ 1,074,969 Mid-Atlantic 1,185,334 1,121,013 South 1,291,941 1,184,956 West 1,423,300 1,275,298 California 2,983,624 2,630,041 Traditional Home Building 7,969,399 7,286,277 City Living 555,876 647,174 Corporate and other 1,318,451 1,511,774 Total $ 9,843,726 $ 9,445,225 “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 and operations, manufacturing facilities, and our mortgage and title subsidiaries.

Supplemental Disclosure to Co35

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows (Tables)	6 Months Ended
	Apr. 30, 2018
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): Six months ended April 30, 2018 2017 Cash flow information: Interest paid, net of amount capitalized $ 5,878 $ 7,659 Income tax payments $ 90,352 $ 83,666 Income tax refunds $ 322 $ 925 Noncash activity: Cost of inventory acquired through seller financing or municipal bonds, net $ 46,575 $ 26,232 Financed portion of land sale $ 625 Reduction in inventory for our share of earnings in land purchased from unconsolidated entities and allocation of basis difference $ 861 $ 7,094 Rental property acquired by capital land lease $ 7,167 Deferred tax decrease related to stock-based compensation activity included in additional paid-in capital $ 5,068 Transfer of other assets to inventory $ 21,189 Transfer of inventory to investment in unconsolidated entities $ 36,256 Transfer of other assets to investment in unconsolidated entities $ 21,546 Reclassification of deferred income from accrued expenses to investment in unconsolidated entities $ 5,995 Miscellaneous (decreases) increases to investments in unconsolidated entities $ (378 ) $ 1,951 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)	6 Months Ended
	Apr. 30, 2018
Supplemental Guarantor Information [Abstract]
Senior Notes issued by Subsidiary Issuer [Table Text Block]	At April 30, 2018 , 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 4.0% Senior Notes due December 31, 2018 $ 350,000 6.75% Senior Notes due November 1, 2019 $ 250,000 5.875% Senior Notes due February 15, 2022 $ 419,876 4.375% Senior Notes due April 15, 2023 $ 400,000 5.625% Senior Notes due January 15, 2024 $ 250,000 4.875% Senior Notes due November 15, 2025 $ 350,000 4.875% Senior Notes due March 15, 2027 $ 450,000 4.350% Senior Notes due February 15, 2028 $ 400,000
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 April 30, 2018 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents — — 284,320 190,793 — 475,113 Restricted cash and investments 281 880 1,161 Inventory 7,694,392 177,177 7,871,569 Property, construction and office equipment, net 161,885 23,791 185,676 Receivables, prepaid expenses and other assets 321,212 390,340 (111,797 ) 599,755 Mortgage loans held for sale 111,811 111,811 Customer deposits held in escrow 127,822 7,250 135,072 Investments in unconsolidated entities 47,223 409,539 456,762 Investments in and advances to consolidated entities 4,487,504 2,916,816 155,315 127,177 (7,686,812 ) — Deferred tax assets, net of valuation allowances 6,807 6,807 4,494,311 2,916,816 8,792,450 1,438,758 (7,798,609 ) 9,843,726 LIABILITIES AND EQUITY Liabilities Loans payable 649,299 649,299 Senior notes 2,860,290 2,860,290 Mortgage company loan facility 103,550 103,550 Customer deposits 455,002 14,584 469,586 Accounts payable 322,704 1,901 324,605 Accrued expenses 222 38,685 558,264 457,801 (118,558 ) 936,414 Advances from consolidated entities 1,705,147 602,297 (2,307,444 ) — Income taxes payable 13,386 13,386 Total liabilities 13,608 2,898,975 3,690,416 1,180,133 (2,426,002 ) 5,357,130 Equity Stockholders’ equity Common stock 1,779 48 3,006 (3,054 ) 1,779 Additional paid-in capital 715,949 49,400 93,734 (143,134 ) 715,949 Retained earnings (deficit) 4,690,272 (31,559 ) 5,101,986 155,992 (5,226,419 ) 4,690,272 Treasury stock, at cost (925,317 ) (925,317 ) Accumulated other comprehensive loss (1,980 ) (1,980 ) Total stockholders’ equity 4,480,703 17,841 5,102,034 252,732 (5,372,607 ) 4,480,703 Noncontrolling interest 5,893 5,893 Total equity 4,480,703 17,841 5,102,034 258,625 (5,372,607 ) 4,486,596 4,494,311 2,916,816 8,792,450 1,438,758 (7,798,609 ) 9,843,726 Condensed Consolidating Balance Sheet at October 31, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated ASSETS Cash and cash equivalents — — 533,204 179,625 — 712,829 Restricted cash and investments 1,500 982 2,482 Inventory 7,017,331 264,122 7,281,453 Property, construction and office equipment, net 165,464 24,083 189,547 Receivables, prepaid expenses and other assets 319,592 296,699 (74,074 ) 542,217 Mortgage loans held for sale 132,922 132,922 Customer deposits held in escrow 96,956 5,061 102,017 Investments in unconsolidated entities 66,897 414,861 481,758 Investments in and advances to consolidated entities 4,589,228 2,514,649 91,740 126,799 (7,322,416 ) — 4,589,228 2,514,649 8,292,684 1,445,154 (7,396,490 ) 9,445,225 LIABILITIES AND EQUITY Liabilities Loans payable 637,416 637,416 Senior notes 2,462,463 2,462,463 Mortgage company loan facility 120,145 120,145 Customer deposits 377,083 18,943 396,026 Accounts payable 271,617 3,606 275,223 Accrued expenses 141 34,345 563,577 440,631 (79,341 ) 959,353 Advances from consolidated entities 1,584,957 659,904 (2,244,861 ) — Income taxes payable 57,893 (384 ) 57,509 Total liabilities 58,034 2,496,808 3,434,650 1,242,845 (2,324,202 ) 4,908,135 Equity Stockholders’ equity Common stock 1,779 48 3,006 (3,054 ) 1,779 Additional paid-in capital 720,115 49,400 93,734 (143,134 ) 720,115 Retained earnings (deficit) 4,474,064 (31,559 ) 4,857,986 99,673 (4,926,100 ) 4,474,064 Treasury stock, at cost (662,854 ) (662,854 ) Accumulated other comprehensive loss (1,910 ) (1,910 ) Total stockholders’ equity 4,531,194 17,841 4,858,034 196,413 (5,072,288 ) 4,531,194 Noncontrolling interest 5,896 5,896 Total equity 4,531,194 17,841 4,858,034 202,309 (5,072,288 ) 4,537,090 4,589,228 2,514,649 8,292,684 1,445,154 (7,396,490 ) 9,445,225 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the six months ended April 30, 2018 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Revenues 2,627,343 237,658 (90,334 ) 2,774,667 Cost of revenues 2,093,152 171,743 (32,258 ) 2,232,637 Selling, general and administrative 32 1,627 333,128 40,334 (51,202 ) 323,919 32 1,627 2,426,280 212,077 (83,460 ) 2,556,556 Income (loss) from operations (32 ) (1,627 ) 201,063 25,581 (6,874 ) 218,111 Other: Income from unconsolidated entities 6,733 34,711 41,444 Other income – net 12,683 4,066 8,042 24,791 Intercompany interest income 69,203 389 2,081 (71,673 ) — Interest expense (67,576 ) (2,081 ) (786 ) 70,443 — Income from subsidiaries 284,378 65,653 (350,031 ) — Income before income taxes 284,346 — 284,440 65,653 (350,093 ) 284,346 Income tax provision 40,429 40,442 9,335 (49,777 ) 40,429 Net income 243,917 — 243,998 56,318 (300,316 ) 243,917 Other comprehensive income 341 341 Total comprehensive income 244,258 — 243,998 56,318 (300,316 ) 244,258 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the six months ended April 30, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Revenues 2,239,917 129,698 (85,373 ) 2,284,242 Cost of revenues 1,767,348 79,634 (36,539 ) 1,810,443 Selling, general and administrative 24 1,965 297,218 35,178 (50,538 ) 283,847 24 1,965 2,064,566 114,812 (87,077 ) 2,094,290 Income (loss) from operations (24 ) (1,965 ) 175,351 14,886 1,704 189,952 Other: Income from unconsolidated entities 8,478 83,871 92,349 Other income – net 4,682 11,142 8,809 2,056 26,689 Intercompany interest income 75,053 2,146 (77,199 ) — Interest expense (77,745 ) (954 ) 78,699 — Income from subsidiaries 304,332 104,102 (408,434 ) — Income (loss) before income taxes 308,990 (4,657 ) 299,073 108,758 (403,174 ) 308,990 Income tax provision (benefit) 113,936 (1,717 ) 110,268 40,099 (148,650 ) 113,936 Net income (loss) 195,054 (2,940 ) 188,805 68,659 (254,524 ) 195,054 Other comprehensive income 337 337 Total comprehensive income (loss) 195,391 (2,940 ) 188,805 68,659 (254,524 ) 195,391 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended April 30, 2018 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues 1,511,989 133,544 (46,334 ) 1,599,199 Cost of revenues 1,218,344 94,256 (14,443 ) 1,298,157 Selling, general and administrative 14 787 171,049 20,161 (25,359 ) 166,652 14 787 1,389,393 114,417 (39,802 ) 1,464,809 Income (loss) from operations (14 ) (787 ) 122,596 19,127 (6,532 ) 134,390 Other: Income from unconsolidated entities 1,601 963 2,564 Other income – net 6,798 3,022 5,974 15,794 Intercompany interest income 36,508 389 1,058 (37,955 ) — Interest expense (35,721 ) (1,058 ) (418 ) 37,197 — Income from subsidiaries 152,762 23,752 (176,514 ) — Income before income taxes 152,748 — 154,078 23,752 (177,830 ) 152,748 Income tax provision (benefit) 40,938 52,971 (2,527 ) (50,444 ) 40,938 Net income 111,810 — 101,107 26,279 (127,386 ) 111,810 Other comprehensive income 170 170 Total comprehensive income 111,980 — 101,107 26,279 (127,386 ) 111,980 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended April 30, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues 1,324,094 84,002 (44,584 ) 1,363,512 Cost of revenues 1,043,091 50,163 (15,813 ) 1,077,441 Selling, general and administrative 24 997 153,337 18,230 (25,836 ) 146,752 24 997 1,196,428 68,393 (41,649 ) 1,224,193 Income (loss) from operations (24 ) (997 ) 127,666 15,609 (2,935 ) 139,319 Other: Income from unconsolidated entities 3,334 42,570 45,904 Other income – net 2,289 3,891 4,309 3,497 13,986 Intercompany interest income 38,557 2,146 (40,703 ) — Interest expense (39,850 ) (291 ) 40,141 — Income from subsidiaries 196,944 62,054 (258,998 ) — Income (loss) before income taxes 199,209 (2,290 ) 196,945 64,343 (258,998 ) 199,209 Income tax provision (benefit) 74,571 (868 ) 73,647 24,173 (96,952 ) 74,571 Net income (loss) 124,638 (1,422 ) 123,298 40,170 (162,046 ) 124,638 Other comprehensive income 168 168 Total comprehensive income (loss) 124,806 (1,422 ) 123,298 40,170 (162,046 ) 124,806 Condensed Consolidating Statement of Cash Flows for the six months ended April 30, 2018 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Net cash (used in) provided by operating activities (34,719 ) 5,576 (355,917 ) 61,174 (1,061 ) (324,947 ) Cash flow provided by (used in) investing activities: Purchase of property and equipment - net (6,660 ) 159 (6,501 ) Investments in unconsolidated entities (1,393 ) (9,407 ) (10,800 ) Return of investments in unconsolidated entities 23,421 30,894 54,315 Investment in foreclosed real estate and distressed loans (195 ) (195 ) Return of investments in foreclosed real estate and distressed loans 3,122 3,122 Intercompany advances 346,154 (402,166 ) 56,012 — Net cash provided by (used in) investing activities 346,154 (402,166 ) 15,368 24,573 56,012 39,941 Cash flow provided by (used in) financing activities: Proceeds from issuance of senior notes 400,000 400,000 Debt issuance costs for senior notes (3,410 ) (3,410 ) Proceeds from loans payable 450,000 788,283 1,238,283 Principal payments of loans payable (471,270 ) (804,878 ) (1,276,148 ) Proceeds from stock-based benefit plans 9,133 9,133 Purchase of treasury stock (291,478 ) (291,478 ) Dividends paid (29,090 ) (29,090 ) Intercompany advances 112,935 (57,984 ) (54,951 ) — Net cash provided by (used in) financing activities (311,435 ) 396,590 91,665 (74,579 ) (54,951 ) 47,290 Net (decrease) increase in cash and cash equivalents — — (248,884 ) 11,168 — (237,716 ) Cash and cash equivalents, beginning of period — — 533,204 179,625 — 712,829 Cash and cash equivalents, end of period — — 284,320 190,793 — 475,113 Condensed Consolidating Statement of Cash Flows for the six months ended April 30, 2017 : Toll Brothers, Inc. Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Eliminations Consolidated Net cash provided by (used in) operating activities 54,209 6,729 (86,868 ) 280,465 (11,475 ) 243,060 Cash flow (used in) provided by investing activities: Purchase of property and equipment — net (12,043 ) 334 (11,709 ) Sale and redemption of marketable securities and restricted investments — net 10,631 7,418 18,049 Investments in unconsolidated entities (1,969 ) (111,546 ) (113,515 ) Return of investments in unconsolidated entities 29,566 68,521 98,087 Investment in foreclosed real estate and distressed loans (513 ) (513 ) Return of investments in foreclosed real estate and distressed loans 4,376 4,376 Acquisition of a business (85,183 ) (85,183 ) Investment paid - intercompany (45,000 ) 45,000 — Intercompany advances (76,995 ) (303,899 ) 380,894 — Net cash used in investing activities (66,364 ) (303,899 ) (114,629 ) (31,410 ) 425,894 (90,408 ) Cash flow (used in) provided by financing activities: Proceeds from issuance of senior notes 300,000 300,000 Debt issuance costs for senior notes (2,830 ) (2,830 ) Proceeds from loans payable 125,000 644,454 769,454 Principal payments of loans payable (380,555 ) (793,325 ) (1,173,880 ) Proceeds from stock-based benefit plans 40,628 40,628 Purchase of treasury stock (15,422 ) (15,422 ) Dividends paid (13,051 ) (13,051 ) Investment received - intercompany 45,000 (45,000 ) — Intercompany advances 475,693 (106,274 ) (369,419 ) — Net cash (used in) provided by financing activities 12,155 297,170 220,138 (210,145 ) (414,419 ) (95,101 ) Net increase in cash and cash equivalents — — 18,641 38,910 — 57,551 Cash and cash equivalents, beginning of period — — 583,440 50,275 — 633,715 Cash and cash equivalents, end of period — — 602,081 89,185 — 691,266

Significant Accounting Polici37

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income Tax (Benefit) Expense	$ 40,938	$ 74,571	$ 40,429	$ 113,936
Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income Tax (Benefit) Expense			$ (4,000)

Significant accounting polici38

Significant accounting policies (Details 1) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Proceeds from Sale and Maturity of Available-for-sale Securities		$ 18,049
Restatement Adjustment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Proceeds from Sale and Maturity of Available-for-sale Securities	$ 18,049

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Total Inventory
Inventory	$ 7,871,569	$ 7,281,453
Land controlled for future communities [Member]
Total Inventory
Inventory	164,206	87,158
Land Owned for Future Communities [Member]
Total Inventory
Inventory	1,064,967	1,142,870
Operating communities [Member]
Total Inventory
Inventory	$ 6,642,396	$ 6,051,425

Inventory (Details 1)

Inventory (Details 1) $ in Thousands	Apr. 30, 2018USD ($)communities	Oct. 31, 2017USD ($)communities
Land Owned for Future Communities [Member]
Temporarily Closed communities
Number of Communities (in ones) | communities	16	14
Carrying Value | $	$ 126,998	$ 110,732
Operating communities [Member]
Temporarily Closed communities
Number of Communities (in ones) | communities	2	6
Carrying Value | $	$ 14,493	$ 26,749

Inventory (Details 2)

Inventory (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Schedule of inventory [Line Items]
Inventory Write-down	$ 13,832	$ 4,256	$ 17,685	$ 8,917
Land controlled for future communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	260	121	377	782
Land Owned for Future Communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	247	1,200	247	1,200
Operating communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	$ 13,325	$ 2,935	$ 17,061	$ 6,935

Inventory (Details 3)

Inventory (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Inventory Disclosure [Abstract]
Interest capitalized, beginning of period	$ 354,496	$ 376,880	$ 352,049	$ 369,419
Interest incurred	42,582	43,536	81,269	85,310
Interest expensed to cost of revenues	(45,027)	(40,558)	(78,912)	(68,486)
Write-off against other income	(285)	(1,953)	(1,001)	(1,995)
Interest capitalized on investments in unconsolidated entities	(1,891)	(1,820)	(3,602)	(4,214)
Real Estate Inventory Capitalized Interest Transferred to Unconsolidated Entities				(4,030)
Real Estate Inventory Capitalized Interest Unconsolidated Entities Transfer to Inventory	43	128	115	209
Interest capitalized, end of period	$ 349,918	$ 376,213	$ 349,918	$ 376,213

Inventory (Details Textual)

Inventory (Details Textual) - Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure [Member] $ in Thousands	Apr. 30, 2018USD ($)	Oct. 31, 2017USD ($)
Variable Interest Entity [Line Items]
Number of VIE Land Purchase Contracts (in ones)	119	104
Aggregate purchase price of VIE lands	$ 1,950,000	$ 1,430,000
Deposits for purchase of lands with VIE entities	$ 133,000	$ 65,600

Investments in Unconsolidated44

Investments in Unconsolidated Entities (Details 1) $ in Thousands	Apr. 30, 2018USD ($)joint_ventures	Oct. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	30
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 456,762	$ 481,758
Number of joint venture with funding commitments | joint_ventures	7
Other Commitment | $	$ 40,532
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 | $	$ 222,099
Number of joint venture with funding commitments | joint_ventures	4
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 | $	$ 86,220
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	14
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 134,252
Number of joint venture with funding commitments | joint_ventures	1
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	5
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 14,191
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 | $	$ 22,081
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 | $	530
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 Unconsolidated45

Investments in Unconsolidated Entities (Details 2) $ in Thousands	Apr. 30, 2018USD ($)joint_ventures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	20
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,642,079
Amounts borrowed under commitments	$ 1,170,361
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	4
Line of Credit Facility, Maximum Borrowing Capacity	$ 198,500
Amounts borrowed under commitments	$ 184,834
Home Building Joint Ventures, Total [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	$ 381,441
Amounts borrowed under commitments	$ 217,273
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	13
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,062,138
Amounts borrowed under commitments	$ 768,254

Investments in Unconsolidated46

Investments in Unconsolidated Entities (Details Textual)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	May 31, 2018USD ($)	Apr. 30, 2018USD ($)joint_venturesHomes_soldrental_unitshome_sites	Jan. 31, 2018USD ($)	Apr. 30, 2017USD ($)Homes_soldhome_sites	Jan. 31, 2017USD ($)	Apr. 30, 2018USD ($)joint_venturesHomes_soldrental_unitshome_sites	Apr. 30, 2017USD ($)Homes_soldhome_sites	Oct. 31, 2017USD ($)	May 10, 2018USD ($)	Nov. 01, 2017USD ($)	Apr. 28, 2017USD ($)
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Land Sales		$ 38,218,000		$ 2,123,000		$ 45,186,000	$ 146,837,000
Land sales earnings, net		2,587,000		1,527,000		3,287,000	5,086,000
Equity Method Investment, Summarized Financial Information, Revenue		82,663,000		205,024,000		276,284,000	500,727,000
Proceeds from Equity Method Investment, Distribution						39,508,000	108,864,000
Non Cash Transfer Of Other Assets To Investment In Unconsolidated Entities						21,546,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		456,762,000				456,762,000		$ 481,758,000
Line of Credit Facility, Maximum Borrowing Capacity		1,642,079,000				1,642,079,000
Long-term Line of Credit		1,170,361,000				1,170,361,000
Management Fees Revenue		$ 4,354,000		$ 3,682,000		$ 7,425,000	$ 7,971,000
Land Development Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Home sites sold | home_sites		200		206		449	509
Land Sales		$ 62,600,000		$ 44,600,000		$ 102,800,000	$ 100,800,000
Line of Credit Facility, Maximum Borrowing Capacity		198,500,000				198,500,000
Long-term Line of Credit		$ 184,834,000				$ 184,834,000
Home Building Joint Ventures, Total [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Home sites sold | Homes_sold		26		56		54	143
Equity Method Investment, Summarized Financial Information, Revenue		$ 35,400,000		$ 153,200,000		$ 67,900,000	$ 370,600,000
Line of Credit Facility, Maximum Borrowing Capacity		381,441,000				381,441,000
Long-term Line of Credit		$ 217,273,000				$ 217,273,000
Rental Joint Ventures, including the Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Real Estate Properties | joint_ventures		14				14
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,062,138,000				$ 1,062,138,000
Long-term Line of Credit		$ 768,254,000				$ 768,254,000
Rental Property Joint Venture Metro Washington, D.C. Two [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property		308				308
Line of Credit Facility, Maximum Borrowing Capacity		$ 72,700,000				$ 72,700,000
Long-term Line of Credit		$ 0				$ 0
Rental Property Joint Ventures College Park, Maryland [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Land Sales			$ 219,000,000
Rental Property Joint Venture Belmont MA [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property		112				112
Line of Credit Facility, Maximum Borrowing Capacity		$ 42,400,000				$ 42,400,000
Long-term Line of Credit		$ 0				0
Rental Property Joint Ventures Jersey City [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Debt Instrument, Term		10 years
Long-term Debt		$ 133,000,000				133,000,000
Rental Property Joint Venture Suburban Philadelphia [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Debt Instrument, Term		10 years
Long-term Debt		$ 56,000,000				$ 56,000,000
Toll Brothers Realty Trust [Member] | Co-venturer [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		33.30%				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%				33.30%
Land Development Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other than Temporary Impairment Losses, Investments		$ 0		$ 2,000,000		$ 0	$ 2,000,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 222,099,000				$ 222,099,000
Land Development Joint Ventures [Member] | Equity Method Investee [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Home sites sold | home_sites		25		60		55	162
Equity Method Investment, Summarized Financial Information, Revenue		$ 4,200,000		$ 21,200,000		$ 7,300,000	$ 46,200,000
Equity Method Investment, Deferred Gain on Sale		400,000		3,300,000		900,000	7,000,000
Rental Property Joint Venture Metro Washington, D.C. Two [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Land sales earnings, net		1,000,000
Retail Land Sales, Installment Method, Gross Profit, Deferred		3,834,000				3,834,000
Payments to Acquire and Develop Real Estate			27,400,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		11,000,000				$ 11,000,000
Rental Property Joint Venture Metro Washington, D.C. Two [Member] | Co-venturer [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Land Sales		$ 17,800,000
Equity Method Investment, Ownership Percentage		50.00%				50.00%
Rental Property Joint Ventures College Park, Maryland [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Proceeds from Sale of Equity Method Investments			39,300,000
Equity Method Investment, Realized Gain (Loss) on Disposal						$ 30,800,000
Rental Property Joint Venture Belmont MA [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Payments to Acquire and Develop Real Estate								$ 22,100,000
Proceeds from Equity Method Investment, Distribution			$ 10,800,000
Non Cash Transfer Of Other Assets To Investment In Unconsolidated Entities		$ 11,300,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 15,600,000				15,600,000
Rental Property Joint Venture Belmont MA [Member] | Co-venturer [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Land Sales						$ 11,000,000
Equity Method Investment, Ownership Percentage		50.00%				50.00%
Rental Property Joint Ventures Jersey City [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		25.00%				25.00%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 6,500,000				$ 6,500,000
Rental Property Joint Venture Suburban Philadelphia [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		25.00%				25.00%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 2,700,000				$ 2,700,000
Toll Brothers Realty Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		33.30%				33.30%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 0				$ 0
Management Fees Revenue		$ 600,000		400,000		$ 1,200,000	800,000
Gibraltar Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Equity Method Investment, Ownership Percentage		25.00%				25.00%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		$ 14,191,000				$ 14,191,000
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		2,800				2,800
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		750				750
Asset under Construction [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property | rental_units		750				750
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		1,550				1,550
In Planning Phase [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Units in Real Estate Property | rental_units		10,300				10,300
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Rental Property Joint Ventures Jersey City [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Proceeds from Sale of Equity Method Investments				42,900,000
Equity Method Investment, Realized Gain (Loss) on Disposal							20,500,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Rental Property Joint Venture Suburban Philadelphia [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Proceeds from Sale of Equity Method Investments					$ 12,000,000
Equity Method Investment, Realized Gain (Loss) on Disposal							6,200,000
Line of Credit [Member] | Rental Property Joint Ventures College Park, Maryland [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity										$ 110,000,000
Line of Credit [Member] | Rental Property Joint Ventures Jersey City [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Long-term Line of Credit											$ 112,200,000
Line of Credit [Member] | Rental Property Joint Venture Suburban Philadelphia [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Long-term Line of Credit				$ 54,100,000			$ 54,100,000
Subsequent Event [Member] | Rental Property Joint Venture Westborough MA [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Land Sales	$ 65,500,000
Subsequent Event [Member] | Rental Property Joint Venture Westborough MA [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Proceeds from Sale of Equity Method Investments	12,100,000
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 8,600,000
Subsequent Event [Member] | Line of Credit [Member] | Rental Property Joint Venture Westborough MA [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Long-term Line of Credit									$ 30,100,000

Investments in Unconsolidated47

Investments in Unconsolidated Entities (Details Textual 2) $ in Thousands	6 Months Ended
	Apr. 30, 2018USD ($)joint_ventures	Oct. 31, 2017USD ($)joint_ventures
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,642,079
Amounts borrowed under commitments	1,170,361
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	456,762	$ 481,758
Other Commitment	40,532
Equity Method Investee [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Guarantees, Fair Value Disclosure	$ 5,500
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	8	8
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 34,200	$ 35,900
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	1,194,000
Guarantees, Repayment and Carry Cost, Maximum	301,400
Amounts borrowed under commitments	721,800
Maximum repapyment and carry cost guarantee obligation for borrowings by JV	$ 228,700
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	P4M
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	P47M
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]
Guarantees, Repayment and Carry Cost, Maximum	$ 70,000	70,000
Maximum repapyment and carry cost guarantee obligation for borrowings by JV	67,100	61,300
Guarantor Obligations, Maximum Exposure, Undiscounted	70,000	70,000
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	$ 10,200	$ 10,500

Investments in Unconsolidated48

Investments in Unconsolidated Entities (Details 3) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Condensed Balance Sheets:
Cash and cash equivalents	$ 117,419	$ 153,828
Inventory	1,064,578	1,148,209
Loans receivable, net	13,605	22,495
Rental properties	837,381	970,497
Rental properties under development	322,958	190,541
Real estate owned ("REO")	34,329	53,902
Other assets	156,690	156,618
Total assets	2,546,960	2,696,090
Debt	1,156,927	1,199,583
Other liabilities	156,538	135,292
Member's equity	1,201,558	1,332,285
Noncontrolling interest	31,937	28,930
Total liabilities and equity	2,546,960	2,696,090
Investments in unconsolidated entities	$ 456,762	$ 481,758

Investments in Unconsolidated49

Investments in Unconsolidated Entities (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Condensed Statements of Operations and Comprehensive Income:
Revenues	$ 82,663	$ 205,024	$ 276,284	$ 500,727
Cost of revenues	60,660	125,188	209,410	290,894
Other expenses	20,297	18,588	44,584	39,722
Total expenses	80,957	143,776	253,994	330,616
Gain on disposition of loans and REO	11,809	22,753	26,480	31,639
Income (loss) from operations	13,515	84,001	48,770	201,750
Other income	1,502	6,912	80,866	9,497
Income before income taxes	15,017	90,913	129,636	211,247
Income tax provision	151	2,487	349	6,314
Net income including earnings from noncontrolling interests	14,866	88,426	129,287	204,933
Less: (income) loss attributable to noncontrolling interest	(5,855)	(11,009)	(11,937)	(13,089)
Net income (loss) attributable to controlling interest	9,011	77,417	117,350	191,844
Income (loss) from unconsolidated entities	$ 2,564	$ 45,904	$ 41,444	$ 92,349

Receivables, Prepaid Expenses50

Receivables, Prepaid Expenses, and Other Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Receivables, prepaid expenses and other assets [Abstract]
Expected recoveries from insurance carriers and others	$ 147,911	$ 153,774
Improvement cost receivable	100,490	99,311
Escrow cash held by our captive title company	37,847	45,923
Property held for rental apartment development	208,838	146,288
Prepaid expenses	20,375	23,223
Other	84,294	73,698
Receivables, Prepaid Expenses and Other Assets	$ 599,755	$ 542,217

Loans Payable, Senior Notes a51

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Debt Instrument [Line Items]
Other Loans Payable	$ 150,806	$ 139,116
Loans payable	649,299	637,416
Unsecured Debt [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	500,000	500,000
Deferred Finance Costs, Net	$ (1,507)	$ (1,700)

Loans Payable, Senior Notes a52

Loans Payable, Senior Notes and Mortgage Company Loan Facility Term Loan Facility (Details Textual 1) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Oct. 31, 2017
Unsecured Debt [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	$ 500,000	$ 500,000
Debt Instrument, Term	5 years
Debt Instrument, Maturity Date	Aug. 1, 2021
Debt Instrument, Interest Rate at Period End	3.30%
Guarantor Subsidiaries [Member]
Debt Instrument [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%

Loans Payable, Senior Notes a53

Loans Payable, Senior Notes and Mortgage Company Loan Facility Credit Facility (Details Textual 2) $ in Thousands	6 Months Ended
	Apr. 30, 2018USD ($)
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,642,079
Long-term Line of Credit	1,170,361
May 2016 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,295,000
Debt Instrument, Term	5 years
Debt Instrument, Maturity Date	May 1, 2021
Maximum Permissible Leverage Ratio	175.00%
Minimum Net Worth Required for Compliance	$ 2,450,000
Existing Leverage Ratio	0.72
Tangible Net Worth	$ 4,440,000
Ability to repurchase common stock	2,450,000
Long-term Line of Credit	0
Letters of Credit Outstanding, Amount	$ 146,400
Debt Instrument, Interest Rate at Period End	3.41%
Guarantor Subsidiaries [Member]
Line of Credit Facility [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%

Loans Payable, Senior Notes a54

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable - Other (Details Textual 3)	Apr. 30, 2018
Loans Payable [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	4.15%

Loans Payable, Senior Notes a55

Loans Payable, Senior Notes and Mortgage Company Loan Facility Senior Notes Payable (Details Textual 4) $ in Thousands	3 Months Ended
	Jan. 31, 2018USD ($)	Jul. 31, 2017USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2018USD ($)debtissuances	Oct. 31, 2017USD ($)	Jun. 12, 2017USD ($)	Mar. 10, 2017USD ($)
Senior Note Payable (Textual) [Abstract]
Number of issuances of senior debt | debtissuances				8
Proceeds from Issuance of Senior Long-term Debt				$ 2,860,290	$ 2,462,463
Senior Notes [Member]
Senior Note Payable (Textual) [Abstract]
Debt Instrument, Face Amount				2,870,000
4.350% Senior Notes Due 2028 [Member]
Senior Note Payable (Textual) [Abstract]
Proceeds from Issuance of Senior Long-term Debt				$ 400,000
Debt Instrument, Interest Rate, Stated Percentage				4.35%
Proceeds from Debt, Net of Issuance Costs	$ 396,400
4.875% Senior Notes Due 2027 [Member]
Senior Note Payable (Textual) [Abstract]
Proceeds from Issuance of Senior Long-term Debt				$ 450,000		$ 150,000	$ 300,000
Debt Instrument, Interest Rate, Stated Percentage				4.875%			4.875%
Proceeds from Debt, Net of Issuance Costs		$ 156,400	$ 297,200

Loans Payable, Senior Notes a56

Loans Payable, Senior Notes and Mortgage Company Loan Facility Mortgage Company Loan Facility (Details Textual 5) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Oct. 31, 2017
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,642,079
Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	75,000	$ 100,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 150,000
Debt Instrument, Maturity Date	Dec. 6, 2018
Debt Instrument, Interest Rate, Effective Percentage	3.81%
London Interbank Offered Rate (LIBOR) [Member] | Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.90%

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016
Accrued expenses
Land, land development and construction	$ 160,174		$ 146,168
Compensation and employee benefits	127,826		149,145
Escrow liability	36,897		45,209
Self-insurance	169,395		149,303
Warranty	297,343	$ 311,450	329,278	$ 355,934	$ 364,058	$ 370,992
Deferred income	37,633		42,798
Interest	40,318		36,035
Commitments to unconsolidated entities	9,025		8,870
Other	57,803		52,547
Accrued expenses, Total	$ 936,414		$ 959,353

Accrued Expenses (Detail Textua

Accrued Expenses (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	42 Months Ended
	Apr. 30, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016
Loss Contingencies [Line Items]
Standard and Extended Product Warranty Accrual	$ 297,343	$ 297,343	$ 311,450	$ 329,278	$ 355,934	$ 364,058	$ 370,992
Loss Contingency, Receivable	147,911	147,911		153,774
Water intrusion related [Member]
Loss Contingencies [Line Items]
Product Liability Accrual, Period Expense	0	0
Loss Contingency, Estimate of Possible Loss	324,400	324,400			$ 324,400
Product Liability Contingency, Third Party Recovery			$ 152,600
Standard and Extended Product Warranty Accrual	220,400	220,400		251,800
Other Assets [Member] | Water intrusion related [Member]
Loss Contingencies [Line Items]
Loss Contingency, Receivable	$ 105,500	$ 105,500		$ 119,700

Accrued Expenses (Details 1)

Accrued Expenses (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Changes in the warranty accrual
Balance, beginning of year	$ 311,450	$ 364,058	$ 329,278	$ 370,992
Additions - homes closed during the period	8,462	7,597	14,687	12,701
Addition - Coleman liabilities acquired				1,111
Reclassification from other accruals		350		1,082
Charges incurred	(23,780)	(17,565)	(49,776)	(33,140)
Balance, end of year	297,343	355,934	297,343	355,934
Warranty change, homes closed in prior period, other [Member]
Changes in the warranty accrual
Increase to accruals for homes closed in prior years	$ 1,211	$ 1,494	$ 3,154	$ 3,188

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)	Oct. 31, 2019	Oct. 31, 2017
Income Taxes (Textual) [Abstract]
Income tax provision	$ 40,938,000	$ 74,571,000	$ 40,429,000	$ 113,936,000
Effective Income Tax Rate Reconciliation, Percent	26.80%	37.40%	14.20%	36.90%
Number of states	20		20
Unrecognized Tax Benefits	$ 17,300,000		$ 17,300,000
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.
Corporate Taxes per the Tax Cuts and Jobs Acts (TCJA) [Abstract]
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	$ 0		$ (31,200,000)
Subsequent Event [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	23.30%		23.30%			35.00%
Subsequent Event [Member]
Subsequent Event [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%
State and Local Jurisdiction [Member]
Income Taxes (Textual) [Abstract]
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent			7.10%	6.50%

Stock-Based Benefit Plans (Deta

Stock-Based Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based expense recognized	$ 6,458	$ 6,256	$ 15,347	$ 15,585
Income tax benefit recognized	$ 1,843	$ 2,441	$ 4,359	$ 6,094

Stock-Based Benefit Plans (De62

Stock-Based Benefit Plans (Details Textual) - USD ($) $ in Millions	Apr. 30, 2018	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized value of outstanding stock-based compensation awards	$ 34.3	$ 24.2

Stock Repurchase Program and 63

Stock Repurchase Program and Cash Dividend (Details) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Stock Repurchase Program [Abstract]
Number of shares purchased	1,794	5	6,221	563
Average price per share	$ 45.44	$ 35.57	$ 46.86	$ 27.41
Remaining authorization at April 30:	16,876	15,276	16,876	15,276

Stock Repurchase Program and 64

Stock Repurchase Program and Cash Dividend (Details Textual) - shares	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Dec. 13, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares, Acquired	1,794,000	5,000	6,221,000	563,000
Dec 2017 Repurchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					20,000,000
May 2016 repurchase progam [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares, Acquired			3,097,000

Stock Repurchase Program and 65

Stock Repurchase Program and Cash Dividend (Details Textual 1) - $ / shares	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Stock Repurchase Program and Cash Dividend [Abstract]
Common Stock, Dividends, Per Share, Declared and Paid	$ 0.11	$ 0.08	$ 0.19	$ 0.08

Earnings Per Share Informatio66

Earnings Per Share Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Sep. 05, 2012
Earnings Per Share [Abstract]
Net income as reported	$ 111,810	$ 124,638	$ 243,917	$ 195,054
Interest and costs attributable to 0.5% Exchangeable Senior Notes, net of income tax benefit		385		769
Numerator for diluted earnings per share	$ 111,810	$ 125,023	$ 243,917	$ 195,823
Basic weighted-average shares	152,731	163,492	154,306	163,040
Common stock equivalents	2,398	2,051	2,707	2,011
Shares attributable to 0.5% Exchangeable Senior Notes		5,860		5,859
Diluted weighted-average shares	155,129	171,403	157,013	170,910
Debt Instrument [Line Items]
Shares issued under stock incentive and employee stock purchase plans	57	694	880	1,974
Restricted Stock Units RSU And Employee Stock Option Member [Member]
Debt Instrument [Line Items]
Weighted-average number of antidilutive options and restricted stock units	278	1,865	823	3,535
0.5% Exchangeable Senior Notes Due 2032 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					0.50%

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	Apr. 30, 2018	Oct. 31, 2017
Forward Contracts [Member] | Residential Mortgage [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	$ 1,570	$ 861
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	111,811	132,922
Interest Rate Lock Commitments [Member] | Forward Contracts [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	6,092	1,293
Interest Rate Lock Commitments [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Liability	$ (6,092)	$ (1,293)

Fair Value Disclosures (Level68

Fair Value Disclosures (Level 4 loan UPB vs FV) (Details 1) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Aggregate unpaid principal and fair value of mortgage loans held for sale
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 111,811	$ 132,922
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	112,213	131,861
Mortgage Loans on Real Estate, Commercial and Consumer, Net	111,811	132,922
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	$ (402)	$ 1,061

Fair Value Disclosures (Level69

Fair Value Disclosures (Level 4 Inv Impair inputs) (Details 2) - Operating communities [Member] $ in Thousands	3 Months Ended
	Apr. 30, 2018USD ($)Homes_sold	Jan. 31, 2018USD ($)Homes_sold	Oct. 31, 2017USD ($)	Jul. 31, 2017USD ($)	Apr. 30, 2017USD ($)	Jan. 31, 2017USD ($)
Minimum [Member]
Fair value inputs, assets, quantitative information [Line Items]
Average selling price	$ 485	$ 381	$ 467	$ 465	$ 827	$ 692
Sales Pace (in ones)	10	7	12	3	6	4
Fair Value Inputs, Discount Rate	16.90%	13.80%	16.40%	16.50%	16.30%	16.30%
Maximum [Member]
Fair value inputs, assets, quantitative information [Line Items]
Average selling price	$ 522	$ 1,029	$ 540	$ 754	$ 856	$ 880
Sales Pace (in ones)	16	10	30	10	11	12
Fair Value Inputs, Discount Rate	16.90%	19.00%	16.40%	19.50%	16.30%	16.30%

Fair Value Disclosures (Level70

Fair Value Disclosures (Level 4 inventory fv) (Details 3) $ in Thousands	3 Months Ended						6 Months Ended		12 Months Ended
	Apr. 30, 2018USD ($)	Jan. 31, 2018USD ($)	Oct. 31, 2017USD ($)	Jul. 31, 2017USD ($)	Apr. 30, 2017USD ($)	Jan. 31, 2017USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)	Oct. 31, 2017USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	$ 13,832				$ 4,256		$ 17,685	$ 8,917
Operating communities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down							17,061		$ 9,795
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)	65	64	51	53	46	57
Number of Communities Impaired (in ones)	4	5	1	4	6	2
Fair Value Of Communities Net Of Impairment Charges	$ 21,811	$ 13,318	$ 6,982	$ 5,965	$ 25,092	$ 8,372	$ 21,811	$ 25,092	$ 6,982
Inventory Write-down	$ 13,325	$ 3,736	$ 1,500	$ 1,360	$ 2,935	$ 4,000
North [Member] | 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 Communities Impaired (in ones)	1
Inventory Write-down	$ 12,000

Fair Value Disclosures (Level71

Fair Value Disclosures (Level 4 debt fv) (Details 4) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 3,624,232	$ 3,229,137
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	650,806	639,116
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	103,550	120,145
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	2,869,876	2,469,876
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	3,633,446	3,385,364
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	651,929	639,088
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	103,550	120,145
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	$ 2,877,967	$ 2,626,131

Other Income - Net (Details)

Other Income - Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Other Nonoperating Income By Component [Line Items]
Interest income	$ 1,212	$ 989	$ 3,292	$ 1,930
Income from Ancillary Businesses	4,873	7,481	7,456	9,716
Management fee income from unconsolidated entities, net	4,354	3,682	7,425	7,971
Retained customer deposits	3,071	1,308	4,155	3,054
Income from land sales	2,587	1,527	3,287	5,086
Other	(303)	(1,001)	(824)	(1,068)
Total other income - net	15,794	13,986	24,791	26,689
Revenues and expenses of non-core ancillary businesses
Revenue	33,911	32,414	65,234	61,294
Expense	$ 29,038	$ 24,933	$ 57,778	$ 51,578

Other Income - Net (Details 1)

Other Income - Net (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2015
Revenues and expenses from land sales [Abstract]
Revenue	$ 38,218	$ 2,123	$ 45,186	$ 146,837
Expense	(31,797)	(1,932)	(38,065)	(146,205)
Income from land sales	2,587	1,527	3,287	5,086
Rental Property Joint Venture Metro Washington, D.C. Two [Member]
Revenues and expenses from land sales [Abstract]
Retail Land Sales, Installment Method, Gross Profit, Deferred	(3,834)		(3,834)
Income from land sales	1,000
Home Building Joint Venture Metro New York Three [Member]
Revenues and expenses from land sales [Abstract]
Retail Land Sales, Installment Method, Gross Profit, Deferred					$ (9,300)
Deferred gain recognized		$ 1,336		$ 4,454

Other Income - Net (Details Tex

Other Income - Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2015
Schedule of Equity Method Investments [Line Items]
Land sales earnings, net	$ 2,587	$ 1,527	$ 3,287	$ 5,086
Income from Ancillary Businesses, net	4,873	7,481	7,456	9,716
Land Sales	38,218	2,123	45,186	146,837
Rental Property Joint Venture Metro Washington, D.C. Two and Rental Property Joint Venture Belmont, MA [Member]
Schedule of Equity Method Investments [Line Items]
Land Sales	28,800
Rental Property Joint Venture Metro Washington, D.C. Two [Member]
Schedule of Equity Method Investments [Line Items]
Land sales earnings, net	1,000
Retail Land Sales, Installment Method, Gross Profit, Deferred	3,834		3,834
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%		20.00%
Home Building Joint Venture Metro New York Three [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage					25.00%
Retail Land Sales, Installment Method, Gross Profit, Deferred					$ 9,300
Apartment living [Member]
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 1,700	$ 1,300	$ 4,000	$ 2,800
Co-venturer [Member] | Rental Property Joint Venture Metro Washington, D.C. Two and Rental Property Joint Venture Belmont, MA [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Co-venturer [Member] | Rental Property Joint Venture Metro Washington, D.C. Two [Member]
Schedule of Equity Method Investments [Line Items]
Land Sales	$ 17,800
Equity Method Investment, Ownership Percentage	50.00%		50.00%

Commitments and Contingencies75

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Company's land purchase commitments
Purchase Obligation	$ 2,678,070	$ 2,235,077
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	456,762	481,758
Land Purchase Commitment To Unrelated Party [Member]
Company's land purchase commitments
Purchase Obligation	2,443,177	1,986,276
Land Purchase Commitment To JV [Member]
Company's land purchase commitments
Purchase Obligation	234,893	248,801
Land Parcel Purchase Commitment [Member]
Company's land purchase commitments
Deposits against Aggregate Purchase Commitments	175,234	97,706
Additional cash required to acquire land	2,378,851	2,002,741
Amount of Additional Cash Required to Acquire Land Included in Accrued Expenses	3,028	4,329
Land Development Joint Venture, Irvine, California [Member] | Land Parcel Purchase Commitment [Member]
Company's land purchase commitments
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 123,985	$ 134,630

Commitments and Contingencies76

Commitments and Contingencies (Details Textual) $ in Thousands	Apr. 30, 2018USD ($)home_sites	Oct. 31, 2017USD ($)
Long-term Purchase Commitment [Line Items]
Purchase Obligation	$ 2,678,070	$ 2,235,077
Land for Apartment Development Purchase Commitment [Member]
Long-term Purchase Commitment [Line Items]
Purchase Obligation	214,000
Deposits against Aggregate Purchase Commitments	$ 9,300
Land Development Joint Ventures [Member] | Commitment To Acquire Home Sites [Member]
Long-term Purchase Commitment [Line Items]
Unrecorded Unconditional Purchase Obligation, Maximum Quantity | home_sites	2,300

Commitments and Contingencies77

Commitments and Contingencies (Details Textual 1) $ in Millions	Apr. 30, 2018USD ($)luxury_homes
Backlog Information [Abstract]
Number of homes to be delivered (in ones) | luxury_homes	7,030
Aggregate sales value of outstanding homes to be delivered	$ 6,360
May 2016 Revolving Credit Facility [Member]
Loss Contingencies [Line Items]
Outstanding letter of credit	146.4
Surety Bond Construction Improvements [Member]
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	735.8
Amount of work remains on improvements in the Company's various communities	363.3
Surety Bond Other Obligations [Member]
Loss Contingencies [Line Items]
Additional outstanding surety bonds	$ 178.3

Commitments and Contingencies78

Commitments and Contingencies (Details 1) - Loan Origination Commitments [Member] - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Company's mortgage commitments
Unused Commitments to Extend Credit	$ 2,058,420	$ 1,497,612
Investor commitments to purchase	716,369	476,450
Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	609,389	350,740
Investor commitments to purchase	609,389	350,740
Non Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	1,449,031	1,146,872
Mortgage Receivable [Member]
Company's mortgage commitments
Investor commitments to purchase	$ 106,980	$ 125,710

Information on Segments (Detail

Information on Segments (Details Textual)	6 Months Ended
	Apr. 30, 2018
Information on Segments [Abstract]
Number of Segments	2
Number of Geographic Segments	5

Information on Segments (Deta80

Information on Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2017
Revenues
Revenues	$ 1,599,199	$ 1,363,512	$ 2,774,667	$ 2,284,242
Income (loss) before income taxes
Income before income taxes	152,748	199,209	284,346	308,990
Total assets
Total assets	9,843,726		9,843,726		$ 9,445,225
North [Member]
Revenues
Revenues	226,214	189,345	360,494	334,983
Income (loss) before income taxes
Income before income taxes	1,657	10,513	2,036	20,606
Total assets
Total assets	1,085,200		1,085,200		1,074,969
Mid-Atlantic [Member]
Revenues
Revenues	254,907	226,491	461,865	410,542
Income (loss) before income taxes
Income before income taxes	20,444	21,911	34,344	33,543
Total assets
Total assets	1,185,334		1,185,334		1,121,013
South [Member]
Revenues
Revenues	240,714	195,111	412,206	337,307
Income (loss) before income taxes
Income before income taxes	27,130	20,819	39,278	33,930
Total assets
Total assets	1,291,941		1,291,941		1,184,956
West [Member]
Revenues
Revenues	349,388	302,702	607,421	513,835
Income (loss) before income taxes
Income before income taxes	48,049	42,325	78,653	67,822
Total assets
Total assets	1,423,300		1,423,300		1,275,298
California [Member]
Revenues
Revenues	438,342	373,303	725,446	593,079
Income (loss) before income taxes
Income before income taxes	85,661	83,336	146,518	126,529
Total assets
Total assets	2,983,624		2,983,624		2,630,041
Traditional Homebuilding [Member]
Revenues
Revenues	1,509,565	1,286,952	2,567,432	2,189,746
Income (loss) before income taxes
Income before income taxes	182,941	178,904	300,829	282,430
Total assets
Total assets	7,969,399		7,969,399		7,286,277
City Living [Member]
Revenues
Revenues	89,634	76,560	207,235	94,496
Income (loss) before income taxes
Income before income taxes	16,685	41,930	46,649	85,032
Total assets
Total assets	555,876		555,876		647,174
Corporate and other [Member]
Income (loss) before income taxes
Income before income taxes	(46,878)	$ (21,625)	(63,132)	$ (58,472)
Total assets
Total assets	$ 1,318,451		$ 1,318,451		$ 1,511,774

Supplemental Disclosure to Co81

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Cash flow information:
Interest Paid, Net	$ 5,878	$ 7,659
Income tax payment	90,352	83,666
Income tax refunds	322	925
Noncash activity:
Cost of inventory acquired through seller financing or municpal bonds, net	46,575	26,232
Financed portion of land sale		625
Reduction in inventory, share of equity earnings in land purchased from unconsolidated entities and allocation of basis difference	861	7,094
Rental property acquired by capital land lease		7,167
Deferred tax decrease related to stock based compenation activity included in additional paid-in capital		5,068
Noncash transfer of other assets to inventory	21,189
Noncash transfer of inventory to investment in unconsolidated entities		36,256
Non Cash Transfer Of Other Assets To Investment In Unconsolidated Entities	21,546
Reclassification deferred income from accrued expenses to investment in unconsolidated entities	5,995
Miscellaneous Increases to Investments in Unconsolidated Entities	(378)	1,951
Acquisition of a Business
Fair value of assets purchased		90,560
Liabilities assumed		5,377
Payments to Acquire Businesses, Net of Cash Acquired		$ 85,183

Supplemental Guarantor Inform82

Supplemental Guarantor Information (Level 4 Senior Note table) (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017	Jun. 12, 2017	Mar. 10, 2017
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 2,860,290	$ 2,462,463
Senior Notes Due 2018 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 350,000
Interest rate on notes	4.00%
Senior Notes Due 2019 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 250,000
Interest rate on notes	6.75%
Senior Notes Due 2022 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 419,876
Interest rate on notes	5.875%
Senior Notes Due 2023 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 400,000
Interest rate on notes	4.375%
Senior Notes Due 2024 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 250,000
Interest rate on notes	5.625%
4.875% Senior Notes Due 2025 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 350,000
Interest rate on notes	4.875%
4.875% Senior Notes Due 2027 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 450,000		$ 150,000	$ 300,000
Interest rate on notes	4.875%			4.875%
4.350% Senior Notes Due 2028 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes	$ 400,000
Interest rate on notes	4.35%

Supplemental Guarantor Inform83

Supplemental Guarantor Information (Level 4 BS) (Details 1) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017	Apr. 30, 2017	Oct. 31, 2016
ASSETS
Cash and cash equivalents	$ 475,113	$ 712,829	$ 691,266	$ 633,715
Restricted cash and investments	1,161	2,482
Inventory	7,871,569	7,281,453
Property, construction and office equipment, net	185,676	189,547
Receivables, prepaid expenses and other assets	599,755	542,217
Mortgage loans held for sale	111,811	132,922
Customer deposits held in escrow	135,072	102,017
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	456,762	481,758
Investments in and advances to consolidated entities	0	0
Deferred tax assets, net of valuation allowances	6,807
Total assets	9,843,726	9,445,225
Liabilities:
Loans payable	649,299	637,416
Senior notes	2,860,290	2,462,463
Mortgage company loan facility	103,550	120,145
Customer deposits	469,586	396,026
Accounts payable	324,605	275,223
Accrued expenses	936,414	959,353
Advances from Affiliiate	0	0
Income taxes payable	13,386	57,509
Total liabilities	5,357,130	4,908,135
Equity:
Common stock	1,779	1,779
Additional paid-in capital	715,949	720,115
Retained earnings	4,690,272	4,474,064
Treasury stock, at cost	(925,317)	(662,854)
Accumulated other comprehensive loss	(1,980)	(1,910)
Total stockholders' equity	4,480,703	4,531,194
Noncontrolling interest	5,893	5,896
Total equity	4,486,596	4,537,090
Total liabilities and stockholders' equity	9,843,726	9,445,225
Toll Brothers Inc. [Member]
ASSETS
Cash and cash equivalents	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 Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures
Investments in and advances to consolidated entities	4,487,504	4,589,228
Deferred tax assets, net of valuation allowances	6,807
Total assets	4,494,311	4,589,228
Liabilities:
Loans payable
Senior notes
Mortgage company loan facility
Customer deposits
Accounts payable
Accrued expenses	222	141
Advances from Affiliiate
Income taxes payable	13,386	57,893
Total liabilities	13,608	58,034
Equity:
Common stock	1,779	1,779
Additional paid-in capital	715,949	720,115
Retained earnings	4,690,272	4,474,064
Treasury stock, at cost	(925,317)	(662,854)
Accumulated other comprehensive loss	(1,980)	(1,910)
Total stockholders' equity	4,480,703	4,531,194
Noncontrolling interest
Total equity	4,480,703	4,531,194
Total liabilities and stockholders' equity	4,494,311	4,589,228
Subsidiary Issuer [Member]
ASSETS
Cash and cash equivalents	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 Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures
Investments in and advances to consolidated entities	2,916,816	2,514,649
Deferred tax assets, net of valuation allowances
Total assets	2,916,816	2,514,649
Liabilities:
Loans payable
Senior notes	2,860,290	2,462,463
Mortgage company loan facility
Customer deposits
Accounts payable
Accrued expenses	38,685	34,345
Advances from Affiliiate
Income taxes payable
Total liabilities	2,898,975	2,496,808
Equity:
Common stock
Additional paid-in capital	49,400	49,400
Retained earnings	(31,559)	(31,559)
Treasury stock, at cost
Accumulated other comprehensive loss
Total stockholders' equity	17,841	17,841
Noncontrolling interest
Total equity	17,841	17,841
Total liabilities and stockholders' equity	2,916,816	2,514,649
Guarantor Subsidiaries [Member]
ASSETS
Cash and cash equivalents	284,320	533,204	602,081	583,440
Restricted cash and investments	281	1,500
Inventory	7,694,392	7,017,331
Property, construction and office equipment, net	161,885	165,464
Receivables, prepaid expenses and other assets	321,212	319,592
Mortgage loans held for sale
Customer deposits held in escrow	127,822	96,956
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	47,223	66,897
Investments in and advances to consolidated entities	155,315	91,740
Deferred tax assets, net of valuation allowances
Total assets	8,792,450	8,292,684
Liabilities:
Loans payable	649,299	637,416
Senior notes
Mortgage company loan facility
Customer deposits	455,002	377,083
Accounts payable	322,704	271,617
Accrued expenses	558,264	563,577
Advances from Affiliiate	1,705,147	1,584,957
Income taxes payable
Total liabilities	3,690,416	3,434,650
Equity:
Common stock	48	48
Additional paid-in capital
Retained earnings	5,101,986	4,857,986
Treasury stock, at cost
Accumulated other comprehensive loss
Total stockholders' equity	5,102,034	4,858,034
Noncontrolling interest
Total equity	5,102,034	4,858,034
Total liabilities and stockholders' equity	8,792,450	8,292,684
Nonguarantor Subsidiaries [Member]
ASSETS
Cash and cash equivalents	190,793	179,625	89,185	50,275
Restricted cash and investments	880	982
Inventory	177,177	264,122
Property, construction and office equipment, net	23,791	24,083
Receivables, prepaid expenses and other assets	390,340	296,699
Mortgage loans held for sale	111,811	132,922
Customer deposits held in escrow	7,250	5,061
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	409,539	414,861
Investments in and advances to consolidated entities	127,177	126,799
Deferred tax assets, net of valuation allowances
Total assets	1,438,758	1,445,154
Liabilities:
Loans payable
Senior notes
Mortgage company loan facility	103,550	120,145
Customer deposits	14,584	18,943
Accounts payable	1,901	3,606
Accrued expenses	457,801	440,631
Advances from Affiliiate	602,297	659,904
Income taxes payable		(384)
Total liabilities	1,180,133	1,242,845
Equity:
Common stock	3,006	3,006
Additional paid-in capital	93,734	93,734
Retained earnings	155,992	99,673
Treasury stock, at cost
Accumulated other comprehensive loss
Total stockholders' equity	252,732	196,413
Noncontrolling interest	5,893	5,896
Total equity	258,625	202,309
Total liabilities and stockholders' equity	1,438,758	1,445,154
Eliminations [Member]
ASSETS
Cash and cash equivalents	0	0	$ 0	$ 0
Restricted cash and investments
Inventory
Property, construction and office equipment, net
Receivables, prepaid expenses and other assets	(111,797)	(74,074)
Mortgage loans held for sale
Customer deposits held in escrow
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures
Investments in and advances to consolidated entities	(7,686,812)	(7,322,416)
Deferred tax assets, net of valuation allowances
Total assets	(7,798,609)	(7,396,490)
Liabilities:
Loans payable
Senior notes
Mortgage company loan facility
Customer deposits
Accounts payable
Accrued expenses	(118,558)	(79,341)
Advances from Affiliiate	(2,307,444)	(2,244,861)
Income taxes payable
Total liabilities	(2,426,002)	(2,324,202)
Equity:
Common stock	(3,054)	(3,054)
Additional paid-in capital	(143,134)	(143,134)
Retained earnings	(5,226,419)	(4,926,100)
Treasury stock, at cost
Accumulated other comprehensive loss
Total stockholders' equity	(5,372,607)	(5,072,288)
Noncontrolling interest
Total equity	(5,372,607)	(5,072,288)
Total liabilities and stockholders' equity	$ (7,798,609)	$ (7,396,490)

Supplemental Guarantor Inform84

Supplemental Guarantor Information (Level 4 IS) (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Supplemental Condensed Consolidating Statement of Operations
Revenues	$ 1,599,199	$ 1,363,512	$ 2,774,667	$ 2,284,242
Cost of revenues	1,298,157	1,077,441	2,232,637	1,810,443
Selling, general and administrative	166,652	146,752	323,919	283,847
Total	1,464,809	1,224,193	2,556,556	2,094,290
Income (loss) from operations	134,390	139,319	218,111	189,952
Other [Abstract]
Income (loss) from unconsolidated entities	2,564	45,904	41,444	92,349
Other income - net	15,794	13,986	24,791	26,689
Intercompany interest income	0	0	0	0
Interest Expense	0	0	0	0
Income from subsidiaries	0	0	0	0
Income (loss) before income taxes	152,748	199,209	284,346	308,990
Income tax provision	40,938	74,571	40,429	113,936
Net income (loss)	111,810	124,638	243,917	195,054
Other Comprehensive Income (Loss), Net of Tax	170	168	341	337
Comprehensive Income (loss), Net of Tax, Attributable to Parent	111,980	124,806	244,258	195,391
Toll Brothers Inc. [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues
Cost of revenues
Selling, general and administrative	14	24	32	24
Total	14	24	32	24
Income (loss) from operations	(14)	(24)	(32)	(24)
Other [Abstract]
Income (loss) from unconsolidated entities
Other income - net		2,289		4,682
Intercompany interest income
Interest Expense
Income from subsidiaries	152,762	196,944	284,378	304,332
Income (loss) before income taxes	152,748	199,209	284,346	308,990
Income tax provision	40,938	74,571	40,429	113,936
Net income (loss)	111,810	124,638	243,917	195,054
Other Comprehensive Income (Loss), Net of Tax	170	168	341	337
Comprehensive Income (loss), Net of Tax, Attributable to Parent	111,980	124,806	244,258	195,391
Subsidiary Issuer [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues
Cost of revenues
Selling, general and administrative	787	997	1,627	1,965
Total	787	997	1,627	1,965
Income (loss) from operations	(787)	(997)	(1,627)	(1,965)
Other [Abstract]
Income (loss) from unconsolidated entities
Other income - net
Intercompany interest income	36,508	38,557	69,203	75,053
Interest Expense	(35,721)	(39,850)	(67,576)	(77,745)
Income from subsidiaries
Income (loss) before income taxes	0	(2,290)	0	(4,657)
Income tax provision		(868)		(1,717)
Net income (loss)	0	(1,422)	0	(2,940)
Other Comprehensive Income (Loss), Net of Tax
Comprehensive Income (loss), Net of Tax, Attributable to Parent	0	(1,422)	0	(2,940)
Guarantor Subsidiaries [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues	1,511,989	1,324,094	2,627,343	2,239,917
Cost of revenues	1,218,344	1,043,091	2,093,152	1,767,348
Selling, general and administrative	171,049	153,337	333,128	297,218
Total	1,389,393	1,196,428	2,426,280	2,064,566
Income (loss) from operations	122,596	127,666	201,063	175,351
Other [Abstract]
Income (loss) from unconsolidated entities	1,601	3,334	6,733	8,478
Other income - net	6,798	3,891	12,683	11,142
Intercompany interest income	389		389
Interest Expense	(1,058)		(2,081)
Income from subsidiaries	23,752	62,054	65,653	104,102
Income (loss) before income taxes	154,078	196,945	284,440	299,073
Income tax provision	52,971	73,647	40,442	110,268
Net income (loss)	101,107	123,298	243,998	188,805
Other Comprehensive Income (Loss), Net of Tax
Comprehensive Income (loss), Net of Tax, Attributable to Parent	101,107	123,298	243,998	188,805
Nonguarantor Subsidiaries [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues	133,544	84,002	237,658	129,698
Cost of revenues	94,256	50,163	171,743	79,634
Selling, general and administrative	20,161	18,230	40,334	35,178
Total	114,417	68,393	212,077	114,812
Income (loss) from operations	19,127	15,609	25,581	14,886
Other [Abstract]
Income (loss) from unconsolidated entities	963	42,570	34,711	83,871
Other income - net	3,022	4,309	4,066	8,809
Intercompany interest income	1,058	2,146	2,081	2,146
Interest Expense	(418)	(291)	(786)	(954)
Income from subsidiaries
Income (loss) before income taxes	23,752	64,343	65,653	108,758
Income tax provision	(2,527)	24,173	9,335	40,099
Net income (loss)	26,279	40,170	56,318	68,659
Other Comprehensive Income (Loss), Net of Tax
Comprehensive Income (loss), Net of Tax, Attributable to Parent	26,279	40,170	56,318	68,659
Eliminations [Member]
Supplemental Condensed Consolidating Statement of Operations
Revenues	(46,334)	(44,584)	(90,334)	(85,373)
Cost of revenues	(14,443)	(15,813)	(32,258)	(36,539)
Selling, general and administrative	(25,359)	(25,836)	(51,202)	(50,538)
Total	(39,802)	(41,649)	(83,460)	(87,077)
Income (loss) from operations	(6,532)	(2,935)	(6,874)	1,704
Other [Abstract]
Income (loss) from unconsolidated entities
Other income - net	5,974	3,497	8,042	2,056
Intercompany interest income	(37,955)	(40,703)	(71,673)	(77,199)
Interest Expense	37,197	40,141	70,443	78,699
Income from subsidiaries	(176,514)	(258,998)	(350,031)	(408,434)
Income (loss) before income taxes	(177,830)	(258,998)	(350,093)	(403,174)
Income tax provision	(50,444)	(96,952)	(49,777)	(148,650)
Net income (loss)	(127,386)	(162,046)	(300,316)	(254,524)
Other Comprehensive Income (Loss), Net of Tax
Comprehensive Income (loss), Net of Tax, Attributable to Parent	$ (127,386)	$ (162,046)	$ (300,316)	$ (254,524)

Supplemental Guarantor Inform85

Supplemental Guarantor Information (Level 4 CF) (Details 3) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	$ (324,947)	$ 243,060
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	(6,501)	(11,709)
Proceeds from Sale and Maturity of Available-for-sale Securities		18,049
Investments in and advances to unconsolidated entities	(10,800)	(113,515)
Return of investments in unconsolidated entities	54,315	98,087
Investment in distressed loans and foreclosed real estate	(195)	(513)
Return of investments in distressed loans and foreclosed real estate	3,122	4,376
Acquisition of a business, net of cash acquired		(85,183)
Investments paid intercompany		0
Intercompany investing advances (to) from consolidated entities	0	0
Net cash provided by (used in) investing activities	39,941	(90,408)
Cash flow provided by (used in) financing activities:
Proceeds from issuance of senior notes	400,000	300,000
Payments of Debt Issuance Costs Senior Long Term Debt	(3,410)	(2,830)
Proceeds from loans payable	1,238,283	769,454
Principal payments of loans payable	(1,276,148)	(1,173,880)
Proceeds from stock-based benefit plans	9,133	40,628
Purchase of treasury stock	(291,478)	(15,422)
Dividends paid	(29,090)	(13,051)
Investment received intercompany		0
Intercompany financing advances (to) from consolidated entities	0	0
Net cash provided by (used in) financing activities	47,290	(95,101)
Net increase (decrease) in cash and cash equivalents	(237,716)	57,551
Cash and cash equivalents, beginning of period	712,829	633,715
Cash and cash equivalents, end of period	475,113	691,266
Parent Company [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	(34,719)	54,209
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net
Proceeds from Sale and Maturity of Available-for-sale Securities		10,631
Investments 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
Acquisition of a business, net of cash acquired
Investments paid intercompany
Intercompany investing advances (to) from consolidated entities	346,154	(76,995)
Net cash provided by (used in) investing activities	346,154	(66,364)
Cash flow provided by (used in) financing activities:
Proceeds from issuance of senior notes
Payments of Debt Issuance Costs Senior Long Term Debt
Proceeds from loans payable
Principal payments of loans payable
Proceeds from stock-based benefit plans	9,133	40,628
Purchase of treasury stock	(291,478)	(15,422)
Dividends paid	(29,090)	(13,051)
Investment received intercompany
Intercompany financing advances (to) from consolidated entities
Net cash provided by (used in) financing activities	(311,435)	12,155
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Subsidiary Issuer [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	5,576	6,729
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net
Proceeds from Sale and Maturity of Available-for-sale Securities
Investments 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
Acquisition of a business, net of cash acquired
Investments paid intercompany
Intercompany investing advances (to) from consolidated entities	(402,166)	(303,899)
Net cash provided by (used in) investing activities	(402,166)	(303,899)
Cash flow provided by (used in) financing activities:
Proceeds from issuance of senior notes	400,000	300,000
Payments of Debt Issuance Costs Senior Long Term Debt	(3,410)	(2,830)
Proceeds from loans payable
Principal payments of loans payable
Proceeds from stock-based benefit plans
Purchase of treasury stock
Dividends paid
Investment received intercompany
Intercompany financing advances (to) from consolidated entities
Net cash provided by (used in) financing activities	396,590	297,170
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Guarantor Subsidiaries [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	(355,917)	(86,868)
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	(6,660)	(12,043)
Proceeds from Sale and Maturity of Available-for-sale Securities
Investments in and advances to unconsolidated entities	(1,393)	(1,969)
Return of investments in unconsolidated entities	23,421	29,566
Investment in distressed loans and foreclosed real estate
Return of investments in distressed loans and foreclosed real estate
Acquisition of a business, net of cash acquired		(85,183)
Investments paid intercompany		(45,000)
Intercompany investing advances (to) from consolidated entities
Net cash provided by (used in) investing activities	15,368	(114,629)
Cash flow provided by (used in) financing activities:
Proceeds from issuance of senior notes
Payments of Debt Issuance Costs Senior Long Term Debt
Proceeds from loans payable	450,000	125,000
Principal payments of loans payable	(471,270)	(380,555)
Proceeds from stock-based benefit plans
Purchase of treasury stock
Dividends paid
Investment received intercompany
Intercompany financing advances (to) from consolidated entities	112,935	475,693
Net cash provided by (used in) financing activities	91,665	220,138
Net increase (decrease) in cash and cash equivalents	(248,884)	18,641
Cash and cash equivalents, beginning of period	533,204	583,440
Cash and cash equivalents, end of period	284,320	602,081
Nonguarantor Subsidiaries [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	61,174	280,465
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	159	334
Proceeds from Sale and Maturity of Available-for-sale Securities		7,418
Investments in and advances to unconsolidated entities	(9,407)	(111,546)
Return of investments in unconsolidated entities	30,894	68,521
Investment in distressed loans and foreclosed real estate	(195)	(513)
Return of investments in distressed loans and foreclosed real estate	3,122	4,376
Acquisition of a business, net of cash acquired
Investments paid intercompany
Intercompany investing advances (to) from consolidated entities
Net cash provided by (used in) investing activities	24,573	(31,410)
Cash flow provided by (used in) financing activities:
Proceeds from issuance of senior notes
Payments of Debt Issuance Costs Senior Long Term Debt
Proceeds from loans payable	788,283	644,454
Principal payments of loans payable	(804,878)	(793,325)
Proceeds from stock-based benefit plans
Purchase of treasury stock
Dividends paid
Investment received intercompany		45,000
Intercompany financing advances (to) from consolidated entities	(57,984)	(106,274)
Net cash provided by (used in) financing activities	(74,579)	(210,145)
Net increase (decrease) in cash and cash equivalents	11,168	38,910
Cash and cash equivalents, beginning of period	179,625	50,275
Cash and cash equivalents, end of period	190,793	89,185
Eliminations [Member]
Cash flow (used in) provided by operating activities:
Net Cash (Used in) Provided by Operating Activities, Continuing Operations	(1,061)	(11,475)
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net
Proceeds from Sale and Maturity of Available-for-sale Securities
Investments 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
Acquisition of a business, net of cash acquired
Investments paid intercompany		45,000
Intercompany investing advances (to) from consolidated entities	56,012	380,894
Net cash provided by (used in) investing activities	56,012	425,894
Cash flow provided by (used in) financing activities:
Proceeds from issuance of senior notes
Payments of Debt Issuance Costs Senior Long Term Debt
Proceeds from loans payable
Principal payments of loans payable
Proceeds from stock-based benefit plans
Purchase of treasury stock
Dividends paid
Investment received intercompany		(45,000)
Intercompany financing advances (to) from consolidated entities	(54,951)	(369,419)
Net cash provided by (used in) financing activities	(54,951)	(414,419)
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	$ 0	$ 0

Supplemental Guarantor Inform86

Supplemental Guarantor Information Supplemental Guarantor Information (Level 4 Textuals) (Details)	Apr. 30, 2018
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%