Lennar Homebuilding Receivables

12 Months Ended

Nov. 30, 2015

Receivables [Abstract]

Lennar Homebuilding Receivables

Lennar Homebuilding Receivables

	November 30,
(In thousands)	2015			2014
Accounts receivable	$	41,653		44,368
Mortgage and notes receivable	22,365			41,326
Income tax receivables	10,620			10,620
	74,638			96,314
Allowance for doubtful accounts	(100		)	(2,870	)
	$	74,538		93,444

At November 30, 2015 and 2014, Lennar Homebuilding accounts receivable related primarily to other receivables and rebates. The Company performs ongoing credit evaluations of its customers and generally does not require collateral for accounts receivable. Mortgages and notes receivable arising from the sale of land are generally collateralized by the property sold to the buyer. Allowances are maintained for potential credit losses based on historical experience, present economic conditions and other factors considered relevant by the Company.