Accrued Expenses and Other Liabilities (Tables)

12 Months Ended

Nov. 30, 2025

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Liabilities

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

	November 30,
	2025	2024
Self-insurance and other legal liabilities	$290,107	$315,851
Employee compensation and related benefits	157,170	182,460
Warranty liability	101,245	96,026
Inventory-related obligations (a)	48,243	44,408
Accrued interest payable	29,219	28,806
Customer deposits	28,033	44,029
Lease liabilities	19,775	20,859
Real estate and business taxes	13,612	17,056
Other	44,542	46,766
Total	$731,946	$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 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.