Accrued Expenses and Other Liabilities

12 Months Ended

Nov. 30, 2014

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following (in thousands):

	November 30,
	2014		2013
Employee compensation and related benefits	$	113,875	$	99,332
Self-insurance and other litigation liabilities	89,606		99,612
Accrued interest payable	63,275		45,562
Inventory-related obligations (a)	52,009		29,517
Warranty liability	45,196		48,704
Real estate and business taxes	13,684		8,131
Other	32,237		25,318
Total	$	409,882	$	356,176

(a) The inventory-related obligations at November 30, 2014 included a $33.2 million liability we recorded for fixed or determinable amounts associated with TIFE assessments in connection with the distribution of land we received from Inspirada during 2014. As homes are delivered, the obligation to pay the remaining TIFE assessments associated with each underlying lot is transferred to the homebuyer. As such, these assessment obligations will be paid by us only to the extent we do not deliver homes on applicable lots before the related TIFE obligations mature.