Accrued Expenses and Other Liabilities

3 Months Ended

Feb. 29, 2016

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):

	February 29, 2016		November 30, 2015
Inventory-related obligations (a)	$	118,650	$	148,887
Self-insurance and other litigation liabilities	111,213		96,496
Employee compensation and related benefits	87,070		114,456
Accrued interest payable	79,337		62,645
Warranty liability	50,575		49,085
Customer deposits	16,930		14,563
Real estate and business taxes	10,367		14,255
Other	9,144		13,027
Total	$	483,286	$	513,414

(a) Represents liabilities for inventory not owned associated with financing arrangements discussed in Note 7. Variable Interest Entities, as well as liabilities for fixed or determinable amounts associated with tax increment financing entity (“TIFE”) assessments. As homes are delivered, our 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.