Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

May 31, 2020

Schedule of Accrued Expenses and Other Liabilities

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



	May 31, 2020		November 30, 2019
Self-insurance and other legal liabilities	$	224,784	$	229,483
Employee compensation and related benefits	122,426		163,646
Warranty liability	92,844		88,839
Lease liabilities	33,549		—
Accrued interest payable	32,258		32,507
Customer deposits	30,283		22,382
Inventory-related obligations (a)	15,231		26,264
Real estate and business taxes	10,004		14,872
Other	41,014		40,790
Total	$	602,393	$	618,783

(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.