Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

May 31, 2016

Schedule of Accrued Expenses and Other Liabilities

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



	May 31, 2016		November 30, 2015
Inventory-related obligations (a)	$	113,453	$	148,887
Employee compensation and related benefits	98,710		114,456
Self-insurance and other litigation liabilities	94,303		96,496
Accrued interest payable	65,583		62,645
Warranty liability	48,837		49,085
Customer deposits	20,255		14,563
Real estate and business taxes	9,271		14,255
Other	6,233		13,027
Total	$	456,645	$	513,414

(a)

Represents liabilities for 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.