Accrued Expenses and Other Liabilities

12 Months Ended

Nov. 30, 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):

	November 30,
	2024	2023
Self-insurance and other legal liabilities	$315,851	$269,735
Employee compensation and related benefits	182,460	171,408
Warranty liability	96,026	98,000
Inventory-related obligations (a)	44,408	41,525
Customer deposits	44,029	58,910
Accrued interest payable	28,806	29,391
Lease liabilities	20,859	26,531
Real estate and business taxes	17,056	15,169
Federal and state taxes payable	—	1,851
Other	46,766	45,707
Total	$796,261	$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 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.