Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Nov. 30, 2017

Accounting Policies [Abstract]

Schedule of Significant Unobservable Inputs Used to Determine Fair Value of Communities

The table below summarizes the most significant unobservable inputs used in the Company's discounted cash flow model to determine the fair value of its communities for which the Company recorded valuation adjustments during the years ended November 30, 2017 and 2016:

	Years ended November 30,
	2017					2016
Unobservable inputs	Range					Range
Average selling price		$125,000	-		$567,000		$158,000		-	$1,300,000
Absorption rate per quarter (homes)	4		-	10		3			-	16
Discount rate	20%					12		%	-	20%

Schedule Of Interest Expense

Interest expense was included in costs of homes sold, costs of land sold and other interest expense as follows:

	Years Ended November 30,
(In thousands)	2017		2016	2015
Interest expense in costs of homes sold	$	260,650	235,148	205,200
Interest expense in costs of land sold	9,995		5,287	2,493
Other interest expense (1)	7,164		4,626	12,454
Total interest expense	$	277,809	245,061	220,147

Schedule Of Warranty Reserve

The activity in the Company’s warranty reserve was as follows:

	November 30,
(In thousands)	2017			2016
Warranty reserve, beginning of year	$	135,403		130,853
Warranties issued	109,359			96,934
Adjustments to pre-existing warranties from changes in estimates (1)	16,027			2,079
Warranties assumed related to the WCI acquisition	6,345			—
Payments	(102,515		)	(94,463	)
Warranty reserve, end of year	$	164,619		135,403

Loan Origination Liabilities

The activity in the Company’s loan origination liabilities was as follows:

	November 30,
(In thousands)	2017			2016
Loan origination liabilities, beginning of year	$	24,905		19,492
Provision for losses	3,861			4,627
Adjustments to pre-existing provisions for losses from changes in estimates	(4,440		)	1,224
Payments/settlements	(1,783		)	(438	)
Loan origination liabilities, end of year	$	22,543		24,905