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Fair Value Disclosures (Tables)
12 Months Ended
Nov. 30, 2017
Fair Value Disclosures [Abstract]  
Assets measured at fair value on a nonrecurring basis
The following table presents the fair value hierarchy and our assets measured at fair value on a nonrecurring basis (in thousands):
 
 
Fair Value Hierarchy
 
For the Years Ended November 30,
Description
 
 
2017
 
2016
Inventories (a)
 
Level 2
 
$

 
$
3,657

Inventories (a)
 
Level 3
 
38,357

 
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 that 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.
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):
 
 
 
November 30,
 
 
 
2017
 
2016
 
Fair Value Hierarchy
 
Carrying
Value (a)
 
Estimated
Fair Value
 
Carrying
Value (a)
 
Estimated
Fair Value
Financial Liabilities:
 
 
 
 
 
 
 
 
 
Senior notes
Level 2
 
$
2,086,070

 
$
2,292,250

 
$
2,345,843

 
$
2,494,844

Convertible senior notes
Level 2
 
228,572

 
278,300

 
227,379

 
223,675



(a)
The carrying values for the senior notes and convertible senior notes, as presented, include unamortized debt issuance costs. Debt issuance costs are not factored into the estimated fair values of these notes.