XML 87 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Rialto Investments Segment (Risk Indicators) (Details) (USD $)
In Thousands, unless otherwise specified
May 31, 2012
Nov. 30, 2011
Rialto Investments [Member]
   
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying value $ 517,967 $ 639,642
Nonaccrual 60,408 73,712
Notes Loans And Financing Receivable Net 578,375 [1] 713,354 [1]
Land [Member]
   
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying value 287,545 323,542
Nonaccrual 16,694 24,692
Notes Loans And Financing Receivable Net 304,239 348,234
Single Family Homes [Member]
   
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying value 111,090 137,074
Nonaccrual 15,566 15,191
Notes Loans And Financing Receivable Net 126,656 152,265
Commercial Properties [Member]
   
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying value 91,400 145,705
Nonaccrual 22,818 27,094
Notes Loans And Financing Receivable Net 114,218 172,799
Multi Family Homes [Member]
   
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying value 19,250 21,373
Nonaccrual 5,145 6,735
Notes Loans And Financing Receivable Net 24,395 28,108
Other [Member]
   
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying value 8,682 11,948
Nonaccrual 185 0
Notes Loans And Financing Receivable Net $ 8,867 $ 11,948
[1] Under certain provisions of Accounting Standards Codification (“ASC”) Topic 810, Consolidations, (“ASC 810”) the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities (“VIEs”) and liabilities of consolidated VIEs as to which neither Lennar Corporation, or any of its subsidiaries, has any obligations.As of May 31, 2012, total assets include $2,136.9 million related to consolidated VIEs of which $17.1 million is included in Lennar Homebuilding cash and cash equivalents, $1.3 million in Lennar Homebuilding restricted cash, $6.9 million in Lennar Homebuilding receivables, net, $17.0 million in Lennar Homebuilding finished homes and construction in progress, $511.2 million in Lennar Homebuilding land and land under development, $65.5 million in Lennar Homebuilding consolidated inventory not owned, $43.8 million in Lennar Homebuilding investments in unconsolidated entities, $218.9 million in Lennar Homebuilding other assets, $92.3 million in Rialto Investments cash and cash equivalents, $138.7 million in Rialto Investments defeasance cash to retire notes payable, $464.1 million in Rialto Investments loans receivable, net, $91.0 million in Rialto Investments real estate owned, held-for-sale, $460.4 million in Rialto Investments real estate owned, held-and-used, net, $0.6 million in Rialto Investments in unconsolidated entities and $8.1 million in Rialto Investments other assets.As of November 30, 2011, total assets include $2,317.4 million related to consolidated VIEs of which $19.6 million is included in Lennar Homebuilding cash and cash equivalents, $5.3 million in Lennar Homebuilding receivables, net, $0.1 million in Lennar Homebuilding finished homes and construction in progress, $538.2 million in Lennar Homebuilding land and land under development, $71.6 million in Lennar Homebuilding consolidated inventory not owned, $43.4 million in Lennar Homebuilding investments in unconsolidated entities, $219.6 million in Lennar Homebuilding other assets, $80.0 million in Rialto Investments cash and cash equivalents, $219.4 million in Rialto Investments defeasance cash to retire notes payable, $565.6 million in Rialto Investments loans receivable, net, $115.4 million in Rialto Investments real estate owned, held-for-sale, $428.0 million in Rialto Investments real estate owned, held-and-used, net, $0.6 million in Rialto Investments in unconsolidated entities and $10.6 million in Rialto Investments other assets.