XML 60 R49.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity (Schedule Of Changes In Equity) (Details) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]    
Balance, beginning $ 7,986,132 [1] $ 7,211,567
Net earnings (including net earnings attributable to noncontrolling interests) 136,817 29,674
Employee stock and directors plans (2,557) 72
Stock issuance in connection with CalAtlantic acquisition 5,047,464  
Tax benefit from employee stock plans, vesting of restricted stock and conversions of convertible senior notes   35,515
Amortization of restricted stock 17,766 12,505
Cash dividends (9,617) (9,400)
Receipts related to noncontrolling interests 3,852 153
Payments related to noncontrolling interests (23,760) (25,871)
Non-cash distributions to noncontrolling interests   588
Non-cash activity related to noncontrolling interests 18,645  
Total other comprehensive loss, net of tax (658) 972
Balance, ending 13,174,084 [1] 7,255,775
Additional Paid - in Capital    
Increase (Decrease) in Stockholders' Equity [Roll Forward]    
Balance, beginning 3,142,013 2,805,349
Employee stock and directors plans 214 157
Stock issuance in connection with CalAtlantic acquisition 5,061,430  
Tax benefit from employee stock plans, vesting of restricted stock and conversions of convertible senior notes   35,515
Amortization of restricted stock 17,766 12,505
Non-cash activity related to noncontrolling interests 0 2,267
Balance, ending 8,221,423 2,855,793
Treasury Stock    
Increase (Decrease) in Stockholders' Equity [Roll Forward]    
Balance, beginning (136,020) (108,961)
Employee stock and directors plans (2,816) (87)
Stock issuance in connection with CalAtlantic acquisition (22,542)  
Balance, ending (161,378) (109,048)
Accumulated Other Comprehensive Income (Loss)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]    
Balance, beginning 1,034 (309)
Total other comprehensive loss, net of tax (658) 972
Balance, ending 376 663
Retained Earnings    
Increase (Decrease) in Stockholders' Equity [Roll Forward]    
Balance, beginning 4,840,978 4,306,256
Net earnings (including net earnings attributable to noncontrolling interests) 136,215 38,080
Employee stock and directors plans 4  
Cash dividends (9,617) (9,400)
Balance, ending 4,967,580 4,334,936
Noncontrolling Interests    
Increase (Decrease) in Stockholders' Equity [Roll Forward]    
Balance, beginning 113,815 185,525
Net earnings (including net earnings attributable to noncontrolling interests) 602 (8,406)
Receipts related to noncontrolling interests 3,852 153
Payments related to noncontrolling interests (23,760) (25,871)
Non-cash distributions to noncontrolling interests   (1,679)
Non-cash activity related to noncontrolling interests 18,645 0
Balance, ending 113,154 149,722
Class A Common Stock | Common Stock    
Increase (Decrease) in Stockholders' Equity [Roll Forward]    
Balance, beginning 20,543 20,409
Employee stock and directors plans 41 2
Stock issuance in connection with CalAtlantic acquisition 8,408  
Balance, ending 28,992 20,411
Class B Common Stock | Common Stock    
Increase (Decrease) in Stockholders' Equity [Roll Forward]    
Balance, beginning 3,769 3,298
Stock issuance in connection with CalAtlantic acquisition 168  
Balance, ending $ 3,937 $ 3,298
[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 February 28, 2018, total liabilities include $366.0 million related to consolidated VIEs as to which there was no recourse against the Company, of which $4.5 million is included in Lennar Homebuilding accounts payable, $11.1 million in Lennar Homebuilding senior notes and other debts payable, $347.0 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.5 million in Lennar Homebuilding other liabilities, $1.8 million in Rialto liabilities and $0.1 million in Lennar Multifamily liabilities.
As of November 30, 2017, total liabilities include $389.7 million related to consolidated VIEs as to which there was no recourse against the Company, of which $5.0 million is included in Lennar Homebuilding accounts payable, $380.7 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.8 million in Lennar Homebuilding other liabilities and $2.2 million in Rialto liabilities.