Accrued Expenses and Other Liabilities

9 Months Ended

Aug. 31, 2020

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

Accrued Expenses and Other Liabilities

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

	August 31, 2020		November 30, 2019
Self-insurance and other legal liabilities	$	225,775	$	229,483
Employee compensation and related benefits	136,003		163,646
Warranty liability	94,347		88,839
Accrued interest payable	36,051		32,507
Lease liabilities	34,525		—
Inventory-related obligations (a)	29,491		26,264
Customer deposits	21,360		22,382
Real estate and business taxes	14,967		14,872
Other	38,010		40,790
Total	$	630,529	$	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.