Earnings Per Share (Tables)

3 Months Ended

Feb. 29, 2016

Earnings Per Share [Abstract]

Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share

Basic and diluted earnings per share were calculated as follows:

	Three Months Ended
	February 29,		February 28,
(In thousands, except per share amounts)	2016		2015
Numerator:
Net earnings attributable to Lennar	$	144,080	114,963
Less: distributed earnings allocated to nonvested shares	89		91
Less: undistributed earnings allocated to nonvested shares	1,420		1,184
Numerator for basic earnings per share	142,571		113,688
Less: net amount attributable to noncontrolling interests in Rialto's Carried Interest Incentive Plan (1)	202		—
Plus: interest on 3.25% convertible senior notes due 2021	1,982		1,982
Plus: undistributed earnings allocated to convertible shares	1,420		1,184
Less: undistributed earnings reallocated to convertible shares	1,325		1,064
Numerator for diluted earnings per share	$	144,446	115,790
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding	210,292		202,930
Effect of dilutive securities:
Share-based payments	4		11
Convertible senior notes	18,620		27,375
Denominator for diluted earnings per share - weighted average common shares outstanding	228,916		230,316
Basic earnings per share	$	0.68	0.56
Diluted earnings per share	$	0.63	0.50

(1) The amount presented above relates to Rialto's Carried Interest Incentive Plan adopted in June 2015 (see Note 8) and represents the difference between the advanced tax distributions received by Rialto's subsidiary and the amount Lennar, as the parent company, is assumed to own.