Stockholders' Equity

9 Months Ended

Aug. 31, 2017

Equity [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 nine months ended August 31, 2017 and 2016:

				Stockholders’ Equity
(In thousands)	Total Equity			Class A Common Stock	Class B Common Stock	Additional Paid - in Capital	Treasury Stock		Accumulated Other Comprehensive Income (Loss)		Retained Earnings		Noncontrolling Interests
Balance at November 30, 2016	$	7,211,567		20,409	3,298	2,805,349	(108,961	)	(309	)	4,306,256		185,525
Net earnings (including net loss attributable to noncontrolling interests)	473,972			—	—	—	—		—		500,890		(26,918	)
Employee stock and directors plans	(24,896		)	134	—	2,079	(27,109	)	—		—		—
Tax benefit from employee stock plans, vesting of restricted stock and conversions of convertible senior notes	35,542			—	—	35,542	—		—		—		—
Amortization of restricted stock	43,303			—	—	43,303	—		—		—		—
Cash dividends	(28,181		)	—	—	—	—		—		(28,181	)	—
Receipts related to noncontrolling interests	10,299			—	—	—	—		—		—		10,299
Payments related to noncontrolling interests	(61,782		)	—	—	—	—		—		—		(61,782	)
Non-cash activity related to noncontrolling interests	(1,924		)	—	—	—	—		—		—		(1,924	)
Other comprehensive income, net of tax	1,560			—	—	—	—		1,560		—		—
Balance at August 31, 2017	$	7,659,460		20,543	3,298	2,886,273	(136,070	)	1,251		4,778,965		105,200

				Stockholders’ Equity
(In thousands)	Total Equity			Class A Common Stock	Class B Common Stock	Additional Paid - in Capital	Treasury Stock		Accumulated Other Comprehensive Income	Retained Earnings		Noncontrolling Interests
Balance at November 30, 2015	$	5,950,072		18,066	3,298	2,305,560	(107,755	)	39	3,429,736		301,128
Net earnings (including net earnings attributable to noncontrolling interests)	602,621			—	—	—	—		—	598,391		4,230
Employee stock and directors plans	501			124	—	1,552	(1,175	)	—	—		—
Conversions and exchanges of convertible senior notes to Class A common stock	242,406			1,551	—	240,855	—		—	—		—
Tax benefit from employee stock plans, vesting of restricted stock and conversions of convertible senior notes	45,803			—	—	45,803	—		—	—		—
Amortization of restricted stock	34,628			—	—	34,628	—		—	—		—
Cash dividends	(26,222		)	—	—	—	—		—	(26,222	)	—
Receipts related to noncontrolling interests	266			—	—	—	—		—	—		266
Payments related to noncontrolling interests	(98,178		)	—	—	—	—		—	—		(98,178	)
Non-cash distributions to noncontrolling interests	(5,033		)	—	—	—	—		—	—		(5,033	)
Non-cash consolidations, net	12,478			—	—	—	—		—	—		12,478
Non-cash activity related to noncontrolling interests	2,480			—	—	—	—		—	—		2,480
Other comprehensive income, net of tax	1,084			—	—	—	—		1,084	—		—
Balance at August 31, 2016	$	6,762,906		19,741	3,298	2,628,398	(108,930	)	1,123	4,001,905		217,371