XML 62 R52.htm IDEA: XBRL DOCUMENT v3.7.0.1
Lennar Financial Services Segment (Schedule Of Assets And Liabilities) (Details) - USD ($)
$ in Thousands
Feb. 28, 2017
Feb. 10, 2017
Nov. 30, 2016
Feb. 29, 2016
Nov. 30, 2015
Assets:          
Cash and cash equivalents $ 929,060   $ 1,329,529 $ 720,459 $ 1,158,445
Total assets [1] 16,230,113   15,361,781    
Liabilities:          
Total liabilities [2] 8,974,338   8,150,214    
WCI Communities, Inc.          
Assets:          
Goodwill   $ 163,298      
Lennar Financial Services          
Assets:          
Cash and cash equivalents 119,308   123,964    
Restricted cash 10,380   17,053    
Receivables, net 141,941   409,528    
Lennar Financial Services loans held-for-sale 682,029   939,405    
Loans held-for-investment, net 32,180   30,004    
Investments held-to-maturity 48,104   41,991    
Investments available-for-sale 55,841   53,570    
Goodwill 59,838   39,838    
Other 82,087   99,319    
Total assets [1] 1,231,708   1,754,672    
Liabilities:          
Notes and other debts payable 560,275   1,077,228    
Other 228,064   241,055    
Total liabilities [2] 788,339   1,318,283    
Self-insurance reserves 57,500   57,400    
Lennar Financial Services | Servicing Contracts          
Liabilities:          
Mortgage servicing rights 26,500   23,900    
Lennar Financial Services | Mortgage loan commitments          
Liabilities:          
Other asset 13,700   7,400    
Lennar Financial Services | Forward Contracts          
Liabilities:          
Other asset     $ 26,500    
Other liability 1,700        
Lennar Financial Services | WCI Communities, Inc.          
Assets:          
Goodwill $ 20,000        
[1] Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations, ("ASC 810") the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities ("VIEs") and liabilities of consolidated VIEs as to which neither Lennar Corporation, or any of its subsidiaries, has any obligations.
As of February 28, 2017, total assets include $651.1 million related to consolidated VIEs of which $9.5 million is included in Lennar Homebuilding cash and cash equivalents, $0.1 million in Lennar Homebuilding receivables, net, $72.4 million in Lennar Homebuilding finished homes and construction in progress, $177.5 million in Lennar Homebuilding land and land under development, $156.2 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $16.4 million in Lennar Homebuilding other assets, $173.2 million in Rialto assets and $41.2 million in Lennar Multifamily assets.
As of November 30, 2016, total assets include $536.3 million related to consolidated VIEs of which $13.3 million is included in Lennar Homebuilding cash and cash equivalents, $0.2 million in Lennar Homebuilding receivables, net, $54.2 million in Lennar Homebuilding finished homes and construction in progress, $106.3 million in Lennar Homebuilding land and land under development, $121.0 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $13.9 million in Lennar Homebuilding other assets, $213.8 million in Rialto assets and $8.8 million in Lennar Multifamily assets.
[2] As of February 28, 2017, total liabilities include $170.1 million related to consolidated VIEs as to which there was no recourse against the Company, of which $4.2 million is included in Lennar Homebuilding accounts payable, $153.4 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $2.9 million in Lennar Homebuilding other liabilities and $9.6 million in Rialto liabilities.As of November 30, 2016, total liabilities include $126.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $3.6 million is included in Lennar Homebuilding accounts payable, $110.0 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $2.5 million in Lennar Homebuilding other liabilities and $10.3 million in Rialto liabilities.