Accrued Expenses and Other Liabilities (Tables)

3 Months Ended

Feb. 28, 2017

Schedule of Accrued Expenses and Other Liabilities

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



	February 28, 2017		November 30, 2016
Self-insurance and other litigation liabilities	$	174,082	$	170,988
Employee compensation and related benefits	97,971		130,352
Accrued interest payable	77,569		67,411
Inventory-related obligations (a)	57,751		82,682
Warranty liability	57,710		56,682
Customer deposits	16,694		18,175
Real estate and business taxes	10,547		14,370
Other	9,578		10,336
Total	$	501,902	$	550,996

(a)

Represents liabilities for financing arrangements discussed in Note 8 – 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.