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Accrued Expenses and Other Liabilities
3 Months Ended
Feb. 28, 2025
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 28,
2025
November 30,
2024
Self-insurance and other legal liabilities$321,766 $315,851 
Employee compensation and related benefits107,832 182,460 
Warranty liability96,067 96,026 
Customer deposits44,365 44,029 
Inventory-related obligations (a)41,227 44,408 
Lease liabilities22,386 20,859 
Federal and state taxes payable19,346 — 
Accrued interest payable17,037 28,806 
Real estate and business taxes13,894 17,056 
Other44,030 46,766 
Total$727,950 $796,261 
(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.