Accrued Expenses and Other Liabilities (Tables)

9 Months Ended

Aug. 31, 2022

Schedule of Accrued Expenses and Other Liabilities

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


	August 31, 2022		November 30, 2021
Self-insurance and other legal liabilities	$	241,110	$	239,129
Employee compensation and related benefits	188,050		192,549
Warranty liability	99,500		96,153
Customer deposits	91,726		71,032
Lease liabilities	26,272		29,279
Accrued interest payable	25,654		24,554
Real estate and business taxes	20,405		17,563
Inventory-related obligations (a)	16,098		36,146
Federal and state taxes payable	5,470		8,290
Other	40,963		42,210
Total	$	755,248	$	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.