Accrued Expenses and Other Liabilities

12 Months Ended

Nov. 30, 2021

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):

	November 30,
	2021		2020
Self-insurance and other legal liabilities	$	239,129	$	232,556
Employee compensation and related benefits	192,549		165,342
Warranty liability	96,153		91,646
Customer deposits	71,032		26,243
Inventory-related obligations (a)	36,146		31,094
Lease liabilities	29,279		37,668
Accrued interest payable	24,554		31,641
Real estate and business taxes	17,563		14,249
Other	50,500		37,062
Total	$	756,905	$	667,501

(a)Represents liabilities for financing arrangements discussed in Note 8 – Variable Interest Entities, as well as liabilities for fixed or determinable amounts associated with 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.