XML 40 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity (Tables)
3 Months Ended
Feb. 28, 2018
Equity [Abstract]  
Schedule of Changes in 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