Accrued Expenses and Other Liabilities

9 Months Ended

Aug. 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):

	August 31, 2023		November 30, 2022
Self-insurance and other legal liabilities	$	214,281	$	234,128
Employee compensation and related benefits	151,861		182,443
Warranty liability	95,715		101,890
Customer deposits	65,931		76,738
Lease liabilities	24,977		27,494
Inventory-related obligations (a)	24,391		19,136
Accrued interest payable	17,623		29,989
Real estate and business taxes	17,144		17,557
Federal and state taxes payable	15,774		3,671
Other	37,802		43,925
Total	$	665,499	$	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.