Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

May 31, 2024

Schedule of Accrued Expenses and Other Liabilities

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


	May 31, 2024		November 30, 2023
Self-insurance and other legal liabilities	$	280,180	$	269,735
Employee compensation and related benefits	130,283		171,408
Warranty liability	94,803		98,000
Customer deposits	61,973		58,910
Inventory-related obligations (a)	39,760		41,525
Accrued interest payable	29,183		29,391
Lease liabilities	24,526		26,531
Real estate and business taxes	10,463		15,169
Federal and state taxes payable	2,024		1,851
Other	47,427		45,707
Total	$	720,622	$	758,227

(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.