Accrued Expenses and Other Liabilities (Tables)

3 Months Ended

Feb. 28, 2022

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Liabilities

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

	February 28, 2022		November 30, 2021
Self-insurance and other legal liabilities	$	233,704	$	239,129
Employee compensation and related benefits	131,042		192,549
Warranty liability	97,466		96,153
Customer deposits	83,246		71,032
Federal and state taxes payable	47,388		8,290
Accrued interest payable	32,160		24,554
Lease liabilities	28,113		29,279
Inventory-related obligations (a)	20,664		36,146
Real estate and business taxes	15,917		17,563
Other	44,552		42,210
Total	$	734,252	$	756,905

(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.