Equity And Comprehensive Earnings (Loss)

6 Months Ended

May 31, 2012

Stockholders' Equity Note [Abstract]

Equity And Comprehensive Earnings (Loss)

Equity and Comprehensive Earnings (Loss)

The following table reflects the changes in equity attributable to both Lennar Corporation and the noncontrolling interests of its consolidated subsidiaries in which it has less than a 100% ownership interest for both the six months ended May 31, 2012 and 2011:

				Stockholders’ Equity
(In thousands)	Total Equity			Class A Common Stock	Class B Common Stock	Additional Paid in Capital	Treasury Stock		Retained Earnings		Noncontrolling Interests
Balance at November 30, 2011	$	3,303,525		16,910	3,298	2,341,079	(621,220	)	956,401		607,057
Net earnings (including net loss attributable to noncontrolling interests)	462,401			—	—	—	—		467,671		(5,270	)
Employee stock and directors plans	14,239			58	—	8,659	5,522		—		—
Amortization of restricted stock	14,132			—	—	14,132	—		—		—
Cash dividends	(15,132		)	—	—	—	—		(15,132	)	—
Receipts related to noncontrolling interests	888			—	—	—	—		—		888
Payments related to noncontrolling interests	(145		)	—	—	—	—		—		(145	)
Balance at May 31, 2012	$	3,779,908		16,968	3,298	2,363,870	(615,698	)	1,408,940		602,530

				Stockholders’ Equity
(In thousands)	Total Equity			Class A Common Stock	Class B Common Stock	Additional Paid in Capital	Treasury Stock		Retained Earnings		Noncontrolling Interests
Balance at November 30, 2010	$	3,194,383		16,701	3,297	2,310,339	(615,496	)	894,108		585,434
Net earnings (including net earnings attributable to noncontrolling interests)	63,573			—	—	—	—		41,191		22,382
Employee stock and directors plans	7,439			31	1	7,417	(10	)	—		—
Amortization of restricted stock	9,212			—	—	9,212	—		—		—
Cash dividends	(14,946		)	—	—	—	—		(14,946	)	—
Receipts related to noncontrolling interests	5,222			—	—	—	—		—		5,222
Payments related to noncontrolling interests	(6,164		)	—	—	—	—		—		(6,164	)
Lennar Homebuilding non-cash consolidations	529			—	—	—	—		—		529
Balance at May 31, 2011	$	3,259,248		16,732	3,298	2,326,968	(615,506	)	920,353		607,403

Comprehensive earnings attributable to Lennar for both the three and six months ended May 31, 2012 and 2011 was the same as net earnings attributable to Lennar. Comprehensive earnings (loss) attributable to noncontrolling interests for both the three and six months ended May 31, 2012 and 2011 was the same as net earnings (loss) attributable to noncontrolling interests.

The Company has a stock repurchase program which permits the purchase of up to 20 million shares of its outstanding common stock. During both the three and six months ended May 31, 2012 and 2011, there were no repurchases of common stock under the stock repurchase program. As of May 31, 2012, 6.2 million shares of common stock can be repurchased in the future under the program.

During three months ended May 31, 2012, treasury stock had no change in Class A common shares. During the six months ended May 31, 2012, treasury stock decreased by 0.3 million Class A common shares due to activity related to the Company's equity compensation plan.