Accrued Expenses and Other Liabilities (Tables)

9 Months Ended

Aug. 31, 2019

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following (in thousands):

	August 31, 2019		November 30, 2018
Self-insurance and other litigation liabilities	$	258,727	$	283,651
Employee compensation and related benefits	132,669		148,549
Warranty liability	86,172		82,490
Accrued interest payable	44,491		31,180
Customer deposits	26,823		19,491
Inventory-related obligations (a)	16,817		40,892
Real estate and business taxes	14,796		16,639
Other	48,673		43,376
Total	$	629,168	$	666,268

(a)

Represents liabilities for financing arrangements discussed in Note 8 – Variable Interest Entities, as well as liabilities for fixed or determinable amounts associated with tax increment financing entity (“TIFE”) assessments. As homes are delivered, our obligation to pay the remaining TIFE assessments associated with each underlying lot is transferred to the homebuyer. As such, these assessment obligations will be paid by us only to the extent we do not deliver homes on applicable lots before the related TIFE obligations mature.