Fair Value Disclosures (Tables)

9 Months Ended

Aug. 31, 2017

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 nine months ended August 31, 2017 and the year ended November 30, 2016 (in thousands):



Description	Fair Value Hierarchy	August 31, 2017		November 30, 2016
Inventories (a)	Level 2	$	—	$	3,657
Inventories (a)	Level 3	32,262		37,329


(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):



		August 31, 2017				November 30, 2016
	Fair Value Hierarchy	Carrying Value (a)		Estimated Fair Value		Carrying Value (a)		Estimated Fair Value
Financial Liabilities:
Senior notes	Level 2	$	2,249,965	$	2,460,581	$	2,345,843	$	2,494,844
Convertible senior notes	Level 2	228,272		237,475		227,379		223,675