Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

May 31, 2022

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Liabilities

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

	May 31, 2022		November 30, 2021
Self-insurance and other legal liabilities	$	228,419	$	239,129
Employee compensation and related benefits	160,753		192,549
Warranty liability	99,207		96,153
Customer deposits	91,903		71,032
Lease liabilities	26,908		29,279
Accrued interest payable	24,791		24,554
Inventory-related obligations (a)	21,142		36,146
Federal and state taxes payable	15,224		8,290
Real estate and business taxes	12,929		17,563
Other	38,215		42,210
Total	$	719,491	$	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.