Accrued Expenses and Other Liabilities (Tables)

3 Months Ended

Feb. 28, 2023

Schedule of Accrued Expenses and Other Liabilities

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


	February 28, 2023		November 30, 2022
Self-insurance and other legal liabilities	$	242,511	$	234,128
Employee compensation and related benefits	106,330		182,443
Warranty liability	101,238		101,890
Customer deposits	69,235		76,738
Federal and state taxes payable	34,963		3,671
Lease liabilities	28,444		27,494
Inventory-related obligations (a)	24,502		19,136
Accrued interest payable	17,391		29,989
Real estate and business taxes	13,754		17,557
Other	40,243		43,925
Total	$	678,611	$	736,971

(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.