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Earnings Per Share (Tables)
9 Months Ended
Aug. 31, 2014
Earnings Per Share [Abstract]  
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share
Basic and diluted earnings per share were calculated as follows:
 
Three Months Ended
 
Nine Months Ended
 
August 31,
 
August 31,
(In thousands, except per share amounts)
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Net earnings attributable to Lennar
$
177,757

 
120,662

 
393,593

 
315,590

Less: distributed earnings allocated to nonvested shares
109

 
122

 
305

 
326

Less: undistributed earnings allocated to nonvested shares
2,124

 
1,712

 
4,486

 
4,090

Numerator for basic earnings per share
175,524

 
118,828

 
388,802

 
311,174

Plus: interest on 3.25% convertible senior notes due 2021 and
    2.00% convertible senior notes due 2020 (1)
1,982

 
2,826

 
5,946

 
8,477

Plus: undistributed earnings allocated to convertible shares
2,124

 
1,712

 
4,486

 
4,090

Less: undistributed earnings reallocated to convertible shares
1,908

 
1,489

 
4,047

 
3,549

Numerator for diluted earnings per share
$
177,722

 
121,877

 
395,187

 
320,192

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average
    common shares outstanding
202,354

 
190,799

 
202,103

 
190,119

Effect of dilutive securities:
 
 
 
 
 
 
 
Share-based payments
5

 
90

 
8

 
334

Convertible senior notes
25,869

 
34,446

 
25,846

 
35,549

Denominator for diluted earnings per share - weighted average
    common shares outstanding
228,228

 
225,335

 
227,957

 
226,002

Basic earnings per share
$
0.87

 
0.62

 
1.92

 
1.64

Diluted earnings per share
$
0.78

 
0.54

 
1.73

 
1.42

(1)
Interest on the 2.00% convertible senior notes due 2020 is included in the three and nine months ended August 31, 2013 because the holders of the 2.00% convertible senior notes due 2020 converted the notes into shares of Class A common stock on November 30, 2013.