XML 39 R29.htm IDEA: XBRL DOCUMENT v3.19.2
Stockholders' Equity (Tables)
 6 Months Ended
May 31, 2019
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 six months ended May 31, 2019 and 2018:
 
 
 
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, 2018
$
14,682,957

 
29,499

 
3,944

 
8,496,677

 
(435,869
)
 
(366
)
 
6,487,650

 
101,422

Net earnings (including net loss attributable to noncontrolling interests)
658,293

 
—

 
—

 
—

 
—

 
—

 
661,382

 
(3,089
)
Employee stock and directors plans
(691
)
 
4

 
—

 
1,761

 
(2,456
)
 
—

 
—

 
—

Purchases of treasury stock
(98,781
)
 
—

 
—

 
—

 
(98,781
)
 
—

 
—

 
—

Amortization of restricted stock
31,390

 
—

 
—

 
31,390

 
—

 
—

 
—

 
—

Cash dividends
(25,877
)
 
—

 
—

 
—

 
—

 
—

 
(25,877
)
 
—

Receipts related to noncontrolling interests
8,937

 
—

 
—

 
—

 
—

 
—

 
—

 
8,937

Payments related to noncontrolling interests
(23,317
)
 
—

 
—

 
—

 
—

 
—

 
—

 
(23,317
)
Non-cash consolidations, net
8,894

 
—

 
—

 
—

 
—

 
—

 
—

 
8,894

Cumulative-effect of accounting change (see Note 1 to the Notes to the Condensed Consolidated Financial Statements)
9,753

 
—

 
—

 
—

 
—

 
—

 
9,753

 
—

Non-cash activity related to noncontrolling interests
(5,616
)
 
—

 
—

 
—

 
—

 
—

 
—

 
(5,616
)
Total other comprehensive income, net of tax
593

 
—

 
—

 
—

 
—

 
593

 
—

 
—

Balance at May 31, 2019
$
15,246,535

 
29,503

 
3,944

 
8,529,828

 
(537,106
)
 
227

 
7,132,908

 
87,231

 
 
 
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)
451,666

 
—

 
—

 
—

 
—

 
—

 
446,472

 
5,194

Employee stock and directors plans
(24,205
)
 
57

 
—

 
4,266

 
(28,532
)
 
—

 
4

 
—

Stock issuance in connection with CalAtlantic acquisition
5,070,006

 
8,408

 
168

 
5,061,430

 
—

 
—

 
—

 
—

Conversion of convertible senior notes to Class A common stock
217,154

 
365

 
7

 
216,782

 
—

 
—

 
—

 
—

Amortization of restricted stock
33,720

 
—

 
—

 
33,720

 
—

 
—

 
—

 
—

Cash dividends
(22,780
)
 
—

 
—

 
—

 
—

 
—

 
(22,780
)
 
—

Receipts related to noncontrolling interests
3,882

 
—

 
—

 
—

 
—

 
—

 
—

 
3,882

Payments related to noncontrolling interests
(30,412
)
 
—

 
—

 
—

 
—

 
—

 
—

 
(30,412
)
Non-cash activity to noncontrolling interests
15,080

 
—

 
—

 
—

 
—

 
—

 
—

 
15,080

Total other comprehensive loss, net of tax
(1,373
)
 
—

 
—

 
—

 
—

 
(1,373
)
 
—

 
—

Balance at May 31, 2018
$
13,698,870

 
29,373

 
3,944

 
8,458,211

 
(164,552
)
 
(339
)
 
5,264,674

 
107,559