Accrued Expenses and Other Liabilities

12 Months Ended

Nov. 30, 2022

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,
	2022		2021
Self-insurance and other legal liabilities	$	234,128	$	239,129
Employee compensation and related benefits	182,443		192,549
Warranty liability	101,890		96,153
Customer deposits	76,738		71,032
Accrued interest payable	29,989		24,554
Lease liabilities	27,494		29,279
Inventory-related obligations (a)	19,136		36,146
Real estate and business taxes	17,557		17,563
Federal and state taxes payable	3,671		8,290
Other	43,925		42,210
Total	$	736,971	$	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 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.