XML 28 R16.htm IDEA: XBRL DOCUMENT v3.23.2
Accrued Expenses and Other Liabilities
6 Months Ended
May 31, 2023
Payables and Accruals [Abstract]  
Accrued Expenses and Other Liabilities Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in thousands):
May 31,
2023
November 30,
2022
Self-insurance and other legal liabilities$229,283 $234,128 
Employee compensation and related benefits130,749 182,443 
Warranty liability99,142 101,890 
Customer deposits67,006 76,738 
Accrued interest payable28,891 29,989 
Lease liabilities26,787 27,494 
Inventory-related obligations (a)21,461 19,136 
Federal and state taxes payable15,449 3,671 
Real estate and business taxes11,125 17,557 
Other38,191 43,925 
Total$668,084 $736,971 
(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.