Fair Value Disclosures (Tables)

6 Months Ended

May 31, 2016

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

The following table presents the fair value hierarchy and our assets measured at fair value on a nonrecurring basis for the six months ended May 31, 2016 and the year ended November 30, 2015 (in thousands):



Description	Fair Value Hierarchy	May 31, 2016		November 30, 2015
Inventories (a)	Level 2	$	1,054	$	—
Inventories (a)	Level 3	5,782		11,988


(a)	Amounts represent the aggregate fair value for real estate assets impacted by inventory impairment charges during the applicable period, as of the date the fair value measurements were made. The carrying value for these real estate assets may have subsequently increased or decreased from the fair value reflected due to activity that has occurred since the measurement date.

Schedule of Fair Value Hierarchy, 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):



		May 31, 2016				November 30, 2015
	Fair Value Hierarchy	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Financial Liabilities:
Senior notes	Level 2	$	2,360,666	$	2,446,213	$	2,359,872	$	2,429,850
Convertible senior notes	Level 2	230,000		215,050		230,000		211,313