XML 62 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 27, 2017
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Numerator:          
Net earnings attributable to Lennar   $ 310,257 $ 213,645 $ 446,472 $ 251,725
Less: distributed earnings allocated to nonvested shares   99 91 214 203
Less: undistributed earnings allocated to nonvested shares   2,557 1,972 3,929 2,254
Numerator for basic earnings per share   307,601 211,582 442,329 249,268
Less: net amount attributable to noncontrolling interests in Rialto's Carried Interest Incentive Plan   240 214 449 552
Plus: interest on convertible senior notes   54 0 80 0
Plus: undistributed earnings allocated to convertible shares   12 0 15 0
Numerator for diluted earnings per share   $ 307,427 $ 211,368 $ 441,975 $ 248,716
Denominator:          
Denominator for basic earnings per share-weighted average common shares outstanding (shares)   325,259,000 236,875,000 289,462,000 236,863,000
Effect of dilutive securities:          
Share-based payments (shares)   92,000 2,000 73,000 2,000
Convertible senior notes (shares)   1,467,000 0 1,098,000 0
Denominator for diluted earnings per share-weighted average common shares outstanding (shares)   326,818,000 236,877,000 290,633,000 236,865,000
Basic earnings per share (in dollars per share)   $ 0.95 [1] $ 0.89 [1] $ 1.53 $ 1.05
Diluted earnings per share (in dollars per share)   $ 0.94 [1] $ 0.89 [1] $ 1.52 $ 1.05
Class B Common Stock          
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]          
Stock dividends (in shares) 4,700,000        
Options          
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]          
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount   0 0 0 0
[1] Basic and diluted average shares outstanding and earnings per share calculations for the three and six months ended May 31, 2017 have been adjusted to reflect 4.7 million of Class B shares distributed in the stock dividend on November 27, 2017.