XML 1058 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Commitments and Contingencies (Tables)
12 Months Ended
Nov. 30, 2014
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Self-Insurance Liability
The changes in our self-insurance liability are as follows (in thousands):
 
Years Ended November 30,
 
2014
 
2013
 
2012
Balance at beginning of year
$
92,214

 
$
93,349

 
$
94,823

Self-insurance expense (a)
13,491

 
8,239

 
7,894

Payments, net of recoveries (b)
(19,131
)
 
(9,374
)
 
(10,168
)
Adjustments

 

 
800

Balance at end of year
$
86,574

 
$
92,214

 
$
93,349

(a)
These expenses are included in selling, general and administrative expenses and are largely offset by contributions from subcontractors participating in the wrap-up policy.
(b)
Recoveries are reflected in the period we receive funds from subcontractors and/or their insurers.
Schedule of Product Warranty Liability
The changes in our warranty liability are as follows (in thousands):
 
Years Ended November 30,
 
2014
 
2013
 
2012
Balance at beginning of year
$
48,704

 
$
47,822

 
$
67,693

Warranties issued (a)
18,479

 
14,261

 
8,416

Payments
(39,458
)
 
(45,338
)
 
(19,701
)
Adjustments (b)
17,471

 
31,959

 
(8,586
)
Balance at end of year
$
45,196

 
$
48,704

 
$
47,822


(a)
The year-over-year increase in the expense associated with warranties issued in 2014 and 2013 reflected higher housing revenues in each of those years. Additionally, in 2013, we increased the warranty accrual rate per home based on our historical claims experience.
(b)
Adjustments in 2014 were primarily comprised of reclassifications of estimated minimum probable recoveries to receivables and a reclassification to establish a separate accrual for a water intrusion-related inquiry from the Office of the Attorney General of the State of Florida (the “Attorney General’s Office”). These items had no impact on our consolidated statements of operations. Adjustments in 2013 were comprised of charges associated with water intrusion-related issues in central and southwest Florida. In 2012, favorable warranty adjustments were partly offset by similar water intrusion-related charges.
Schedule of Future Minimum Rental Payments for Operating Leases
The future minimum rental payments under operating leases, which primarily consist of office leases having initial or remaining noncancelable lease terms in excess of one year, are as follows (in thousands):
Years Ending November 30,
 
 
2015
 
$
8,140

2016
 
6,630

2017
 
4,813

2018
 
4,044

2019
 
3,576

Thereafter
 
12,320

Total minimum lease payments
 
$
39,523