Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

May 31, 2017

Schedule of Accrued Expenses and Other Liabilities

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



	May 31, 2017		November 30, 2016
Self-insurance and other litigation liabilities	$	173,704	$	170,988
Employee compensation and related benefits	111,694		130,352
Accrued interest payable	65,928		67,411
Warranty liability	60,037		56,682
Inventory-related obligations (a)	43,390		82,682
Customer deposits	18,863		18,175
Real estate and business taxes	9,347		14,370
Other	4,873		10,336
Total	$	487,836	$	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.