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Stockholders' Equity
3 Months Ended
Feb. 28, 2018
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 three months ended February 28, 2018 and 2017:
 
 
 
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, 2017
$
7,986,132

 
20,543

 
3,769

 
3,142,013

 
(136,020
)
 
1,034

 
4,840,978

 
113,815

Net earnings (including net earnings attributable to noncontrolling interests)
136,817

 

 

 

 

 

 
136,215

 
602

Employee stock and directors plans
(2,557
)
 
41

 

 
214

 
(2,816
)
 

 
4

 

Stock issuance in connection with CalAtlantic acquisition
5,047,464

 
8,408

 
168

 
5,061,430

 
(22,542
)
 

 

 

Amortization of restricted stock
17,766

 

 

 
17,766

 

 

 

 

Cash dividends
(9,617
)
 

 

 

 

 

 
(9,617
)
 

Receipts related to noncontrolling interests
3,852

 

 

 

 

 

 

 
3,852

Payments related to noncontrolling interests
(23,760
)
 

 

 

 

 

 

 
(23,760
)
Non-cash activity related to noncontrolling interests
18,645

 

 

 

 

 

 

 
18,645

Total other comprehensive loss, net of tax
(658
)
 

 

 

 

 
(658
)
 

 

Balance at February 28, 2018
$
13,174,084

 
28,992

 
3,937

 
8,221,423

 
(161,378
)
 
376

 
4,967,580

 
113,154

 
 
 
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)
29,674

 

 

 

 

 

 
38,080

 
(8,406
)
Employee stock and directors plans
72

 
2

 

 
157

 
(87
)
 

 

 

Tax benefit from employee stock plans, vesting of restricted stock and conversions of convertible senior notes
35,515

 

 

 
35,515

 

 

 

 

Amortization of restricted stock
12,505

 

 

 
12,505

 

 

 

 

Cash dividends
(9,400
)
 

 

 

 

 

 
(9,400
)
 

Receipts related to noncontrolling interests
153

 

 

 

 

 

 

 
153

Payments related to noncontrolling interests
(25,871
)
 

 

 

 

 

 

 
(25,871
)
Non-cash activity to noncontrolling interests
588

 

 

 
2,267

 

 

 

 
(1,679
)
Total other comprehensive income, net of tax
972

 

 

 

 

 
972

 

 

Balance at February 28, 2017
$
7,255,775

 
20,411

 
3,298

 
2,855,793

 
(109,048
)
 
663

 
4,334,936

 
149,722