Accrued Expenses and Other Liabilities (Tables)

12 Months Ended

Nov. 30, 2023

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Liabilities

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

	November 30,
	2023		2022
Self-insurance and other legal liabilities	$	269,735	$	234,128
Employee compensation and related benefits	171,408		182,443
Warranty liability	98,000		101,890
Customer deposits	58,910		76,738
Inventory-related obligations (a)	41,525		19,136
Accrued interest payable	29,391		29,989
Lease liabilities	26,531		27,494
Real estate and business taxes	15,169		17,557
Federal and state taxes payable	1,851		3,671
Other	45,707		43,925
Total	$	758,227	$	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 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.