Operating And Reporting Segments (Tables)

3 Months Ended

Feb. 28, 2015

Segment Reporting [Abstract]

Disclosure Of Financial Information Relating To Company's Operations

Financial information relating to the Company’s operations was as follows:

(In thousands)	February 28, 2015		November 30, 2014
Assets:
Homebuilding East	$	2,410,301	2,323,978
Homebuilding Central	1,343,019		1,233,991
Homebuilding West	3,733,950		3,454,611
Homebuilding Southeast Florida	737,586		722,706
Homebuilding Houston	458,554		398,538
Homebuilding Other	913,372		880,912
Rialto	1,379,841		1,458,152
Lennar Financial Services	1,113,960		1,177,053
Lennar Multifamily	280,366		268,014
Corporate and unallocated	749,696		1,040,312
Total assets	$	13,120,645	12,958,267

	Three Months Ended
	February 28,
(In thousands)	2015			2014
Revenues:
Homebuilding East	$	468,335		390,508
Homebuilding Central	210,508			162,494
Homebuilding West	382,773			315,015
Homebuilding Southeast Florida	142,348			102,164
Homebuilding Houston	131,257			130,623
Homebuilding Other	106,437			130,581
Lennar Financial Services	124,827			76,952
Rialto	41,197			46,955
Lennar Multifamily	36,457			7,803
Total revenues (1)	$	1,644,139		1,363,095
Operating earnings (loss):
Homebuilding East	$	58,247		50,652
Homebuilding Central	15,052			10,660
Homebuilding West (2)	82,493			53,793
Homebuilding Southeast Florida	28,286			20,558
Homebuilding Houston	17,015			21,671
Homebuilding Other (3)	6,551			4,884
Lennar Financial Services	15,527			4,465
Rialto	2,808			3,504
Lennar Multifamily	(5,682		)	(6,199	)
Total operating earnings	220,297			163,988
Corporate general and administrative expenses	43,654			38,112
Earnings before income taxes	$	176,643		125,876

(1) Total revenues were net of sales incentives of $93.6 million ($21,800 per home delivered) for the three months ended February 28, 2015 and $76.5 million ($21,300 per home delivered) for the three months ended February 28, 2014.

(2) For the three months ended February 28, 2015, operating earnings included Lennar Homebuilding equity in earnings from unconsolidated entities of $31.3 million primarily related to the sale of approximately 600 homesites to third parties by Heritage Fields El Toro, one of the Company's unconsolidated entities.

(3) For the three months ended February 28, 2014, operating earnings included $1.0 million in write-offs of option deposits and pre-acquisition costs.