Stockholders' Equity

3 Months Ended

Feb. 28, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders' Equity

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 three months ended February 28, 2015 and 2014:

				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, 2014	$	5,251,302		17,424	3,298	2,239,704	(93,440	)	2,660,034		424,282
Net earnings (including net earnings attributable to noncontrolling interests)	116,917			—	—	—	—		114,963		1,954
Employee stock and directors plans	8,274			1	—	247	8,026		—		—
Tax benefit from employee stock plans and vesting of restricted stock	35			—	—	35	—		—		—
Amortization of restricted stock	10,250			—	—	10,250	—		—		—
Cash dividends	(8,208		)	—	—	—	—		(8,208	)	—
Receipts related to noncontrolling interests	1,302			—	—	—	—		—		1,302
Payments related to noncontrolling interests	(57,629		)	—	—	—	—		—		(57,629	)
Non-cash deconsolidations, net	(13,253		)	—	—	—	—		—		(13,253	)
Balance at February 28, 2015	$	5,308,990		17,425	3,298	2,250,236	(85,414	)	2,766,789		356,656

				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, 2013	$	4,627,470		18,483	3,298	2,721,246	(628,019	)	2,053,893		458,569
Net earnings (including net earnings attributable to noncontrolling interests)	79,965			—	—	—	—		78,117		1,848
Employee stock and directors plans	12,433			1	—	525	11,907		—		—
Tax benefit from employee stock plans and vesting of restricted stock	137			—	—	137	—		—		—
Amortization of restricted stock	8,739			—	—	8,739	—		—		—
Cash dividends	(8,169		)	—	—	—	—		(8,169	)	—
Receipts related to noncontrolling interests	74			—	—	—	—		—		74
Payments related to noncontrolling interests	(32,609		)	—	—	—	—		—		(32,609	)
Non-cash consolidations, net	13,117			—	—	—	—		—		13,117
Balance at February 28, 2014	$	4,701,157		18,484	3,298	2,730,647	(616,112	)	2,123,841		440,999

The Company has a stock repurchase program, which originally authorized the purchase of up to 20 million shares of its outstanding common stock. During both the three months ended February 28, 2015 and 2014, there were no share repurchases of common stock under the stock repurchase program. As of February 28, 2015, the remaining authorized shares that could be purchased under the stock repurchase program were 6.2 million shares of common stock.

During the three months ended February 28, 2015 and 2014, treasury stock decreased by 0.2 million and 0.3 million shares of Class A common stock, respectively, due to activity related to the Company's equity compensation plan.