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Lennar Financial Services Segment (Schedule Of Assets And Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified
May 31, 2014
Nov. 30, 2013
May 31, 2013
Nov. 30, 2012
May 31, 2014
Lennar Financial Services [Member]
Apr. 30, 2014
Lennar Financial Services [Member]
Nov. 30, 2013
Lennar Financial Services [Member]
May 31, 2013
Lennar Financial Services [Member]
May 31, 2014
Mortgage Loan Commitments [Member]
Lennar Financial Services [Member]
Nov. 30, 2013
Mortgage Loan Commitments [Member]
Lennar Financial Services [Member]
May 31, 2014
Forward Contracts [Member]
Lennar Financial Services [Member]
Nov. 30, 2013
Forward Contracts [Member]
Lennar Financial Services [Member]
May 31, 2014
Lennar Financial Services [Member]
Fair Value, Inputs, Level 3 [Member]
Servicing Contracts [Member]
Nov. 30, 2013
Lennar Financial Services [Member]
Fair Value, Inputs, Level 3 [Member]
Servicing Contracts [Member]
Segment Reporting Information [Line Items]                            
Cash and cash equivalents $ 960,239 $ 970,505 $ 891,677 $ 1,310,743 $ 86,164   $ 73,066 $ 72,541            
Restricted cash         5,693   10,283              
Receivables, net         120,888 [1]   127,223 [1]              
Loans held-for-sale         467,786 [2]   414,231 [2]              
Loans held-for-investment, net         26,787   26,356              
Investments held-to-maturity         56,806   62,344              
Goodwill         38,854 4,808 34,046              
Other assets         62,930 [3]   49,161 [3]              
Total assets 11,994,626 [4] 11,273,247 [4]     865,908 [4]   796,710 [4]              
Notes and loans payable         465,875   374,166              
Other liabilities         172,813 [5]   169,473 [5]              
Total liabilities 7,103,319 [6] 6,645,777 [6]     638,688 [6]   543,639 [6]              
Other Assets                 15,033 7,335   1,400    
Servicing Asset at Fair Value, Amount                         18,242 11,455
Self-insurance reserves         73,161   74,492              
Forward contract liability                     $ 6,315      
[1] Receivables, net primarily relate to loans sold to investors for which the Company had not yet been paid as of May 31, 2014 and November 30, 2013, respectively.
[2] Loans held-for-sale relate to unsold loans carried at fair value.
[3] Other assets include mortgage loan commitments carried at fair value of $15.0 million and $7.3 million as of May 31, 2014 and November 30, 2013, respectively. Other assets also includes forward contracts carried at fair value of $1.4 million as of November 30, 2013. In addition, other assets include mortgage servicing rights carried at fair value of $18.2 million and $11.5 million as of May 31, 2014 and November 30, 2013, respectively.
[4] 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, 2014, total assets include $1,038.0 million related to consolidated VIEs of which $12.7 million is included in Lennar Homebuilding cash and cash equivalents, $18.0 million in Lennar Homebuilding restricted cash, $0.2 million in Lennar Homebuilding receivables, net, $0.2 million in Lennar Homebuilding finished homes and construction in progress, $238.1 million in Lennar Homebuilding land and land under development, $62.1 million in Lennar Homebuilding consolidated inventory not owned, $13.0 million in Lennar Homebuilding investments in unconsolidated entities, $86.3 million in Lennar Homebuilding other assets, $36.6 million in Rialto Investments ("Rialto") cash and cash equivalents, $173.1 million in Rialto loans receivable, net, $120.3 million in Rialto real estate owned, held-for-sale, $270.0 million in Rialto real estate owned, held-and-used, net, $0.7 million in Rialto investments in unconsolidated entities and $6.7 million in Rialto other assets. As of November 30, 2013, total assets include $1,195.3 million related to consolidated VIEs of which $8.3 million is included in Lennar Homebuilding cash and cash equivalents, $17.7 million in Lennar Homebuilding restricted cash, $2.4 million in Lennar Homebuilding receivables, net, $94.8 million in Lennar Homebuilding land and land under development, $243.6 million in Lennar Homebuilding consolidated inventory not owned, $14.7 million in Lennar Homebuilding investments in unconsolidated entities, $86.8 million in Lennar Homebuilding other assets, $44.8 million in Rialto cash and cash equivalents, $244.0 million in Rialto loans receivable, net, $122.0 million in Rialto real estate owned, held-for-sale, $313.8 million in Rialto real estate owned, held-and-used, net, $0.7 million in Rialto investments in unconsolidated entities and $1.8 million in Rialto other assets.
[5] Other liabilities include $73.2 million and $74.5 million as of May 31, 2014 and November 30, 2013, respectively, of certain of the Company’s self-insurance reserves related to general liability and workers’ compensation. Other liabilities also include forward contracts carried at fair value of $6.3 million as of May 31, 2014.
[6] As of May 31, 2014, total liabilities include $145.8 million related to consolidated VIEs as to which there was no recourse against the Company, of which $2.2 million is included in Lennar Homebuilding accounts payable, $53.0 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $61.7 million in Lennar Homebuilding senior notes and other debts payable, $4.4 million in Lennar Homebuilding other liabilities and $24.5 million in Rialto Investments notes payable and other liabilities.As of November 30, 2013, total liabilities include $294.8 million related to consolidated VIEs as to which there was no recourse against the Company, of which $3.0 million is included in Lennar Homebuilding accounts payable, $191.6 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $75.1 million in Lennar Homebuilding senior notes and other debts payable, $4.9 million in Lennar Homebuilding other liabilities and $20.2 million in Rialto Investments notes payable and other liabilities.