Accrued Expenses and Other Liabilities

3 Months Ended

Feb. 29, 2024

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):

	February 29, 2024		November 30, 2023
Self-insurance and other legal liabilities	$	270,379	$	269,735
Employee compensation and related benefits	124,635		171,408
Warranty liability	95,920		98,000
Customer deposits	60,069		58,910
Inventory-related obligations (a)	41,315		41,525
Federal and state taxes payable	35,358		1,851
Lease liabilities	26,056		26,531
Accrued interest payable	17,207		29,391
Real estate and business taxes	11,486		15,169
Other	45,903		45,707
Total	$	728,328	$	758,227

(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.