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Fair Value Disclosures (Tables)
12 Months Ended
Nov. 30, 2013
Fair Value Disclosures [Abstract]  
Assets measured at fair value on a nonrecurring basis
The following table presents the fair value hierarchy and our assets measured at fair value on a nonrecurring basis for the years ended November 30, 2013 and 2012 (in thousands):
 
 
Fair Value
Description
 
Hierarchy
 
November 30,
2013 (a)
 
November 30,
2012 (a)
Long-lived assets held and used
 
Level 3
 
$
1,143

 
$
39,851

(a)
Amounts represent the aggregate fair value for communities or land parcels where we recognized inventory impairment charges during the period, as of the date that the fair value measurements were made. The carrying value for these communities or land parcels may have subsequently increased or decreased from the fair value reflected due to activity that has occurred since the measurement date.
Carrying values and estimated fair values of financial instruments
The following table presents the fair value hierarchy, carrying values and estimated fair values of our financial instruments, except those for which the carrying values approximate fair values (in thousands):
 
 
 
November 30,
 
 
 
2013
 
2012
 
Fair Value Hierarchy
 
Carrying
Value
 
Estimated
Fair Value
 
Carrying
Value
 
Estimated
Fair Value
Financial Liabilities:
 
 
 
 
 
 
 
 
 
Senior notes
Level 2
 
$
1,906,883

 
$
2,069,325

 
$
1,670,504

 
$
1,831,596

1.375% Convertible senior notes due February 1, 2019
Level 2
 
230,000

 
224,825