XML 54 R44.htm IDEA: XBRL DOCUMENT v3.7.0.1
Lennar Homebuilding Investments in Unconsolidated Entities (Narrative) (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
May 31, 2017
USD ($)
May 31, 2016
USD ($)
homes
May 31, 2017
USD ($)
May 31, 2016
USD ($)
homes
Nov. 30, 2016
USD ($)
May 02, 2016
investment
Schedule of Equity Method Investments [Line Items]            
Equity in earnings (loss) from unconsolidated entities     $ 5,986 $ 35,422    
Payments to Acquire Equity Method Investments     $ 315,755 210,225    
FivePoint Unconsolidated Entity            
Schedule of Equity Method Investments [Line Items]            
Payments to Acquire Equity Method Investments $ 100,000          
Equity Method Investment, Ownership Percentage 40.00%   40.00%      
Investments in unconsolidated entities $ 356,400   $ 356,400      
Lennar Homebuilding            
Schedule of Equity Method Investments [Line Items]            
Equity in earnings (loss) from unconsolidated entities (21,506) $ (9,633) (33,040) $ (6,633)    
Investments in unconsolidated entities [1] 995,400   995,400   $ 811,723  
Underlying equity in unconsolidated partners' net assets $ 1,200,000   $ 1,200,000   1,200,000  
Lennar Homebuilding | Unconsolidated Entity            
Schedule of Equity Method Investments [Line Items]            
Homesites sold | homes   253   471    
Lennar Homebuilding | Joint Ventures Previously Managed by FivePoint Communities            
Schedule of Equity Method Investments [Line Items]            
Number of investments in joint ventures contributed | investment           3
Lennar Homebuilding | FivePoint Unconsolidated Entity            
Schedule of Equity Method Investments [Line Items]            
Equity in earnings (loss) from unconsolidated entities         $ 42,600  
Operating Segments | Lennar Homebuilding | Unconsolidated Entity            
Schedule of Equity Method Investments [Line Items]            
Equity in earnings (loss) from unconsolidated entities   $ 6,700   $ 12,700    
Lennar Corp [Member] | Lennar Homebuilding | Unconsolidated Entity            
Schedule of Equity Method Investments [Line Items]            
Equity Method Investment, Summarized Financial Information, Sales of Real Estate   92,000   92,000    
Equity Method Investment, Summarized Financial Information, Gross Profit (Loss)   $ 29,700   $ 29,700    
Homesites sold | homes   312   312    
[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 May 31, 2017, total assets include $575.7 million related to consolidated VIEs of which $9.4 million is included in Lennar Homebuilding cash and cash equivalents, $0.2 million in Lennar Homebuilding receivables, net, $77.8 million in Lennar Homebuilding finished homes and construction in progress, $173.1 million in Lennar Homebuilding land and land under development, $138.6 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $12.9 million in Lennar Homebuilding other assets, $117.5 million in Rialto assets and $41.6 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.