XML 62 R52.htm IDEA: XBRL DOCUMENT v3.19.2
Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2019
May 31, 2018
May 31, 2019
May 31, 2018
Numerator:        
Net earnings attributable to Lennar $ 421,472 $ 310,257 $ 661,382 $ 446,472
Less: distributed earnings allocated to nonvested shares 94 99 193 214
Less: undistributed earnings allocated to nonvested shares 3,063 2,557 4,987 3,929
Numerator for basic earnings per share 418,315 307,601 656,202 442,329
Less: net amount attributable to noncontrolling interests in Rialto's Carried Interest Incentive Plan 3,331 240 3,654 449
Plus: interest on convertible senior notes 0 54 0 80
Plus: undistributed earnings allocated to convertible shares 0 12 0 15
Numerator for diluted earnings per share $ 414,984 $ 307,427 $ 652,548 $ 441,975
Denominator:        
Denominator for basic earnings per share-weighted average common shares outstanding (shares) 320,329 325,259 320,834 289,462
Effect of dilutive securities:        
Share-based payments (shares) 1 92 6 73
Convertible senior notes (shares) 0 1,467 0 1,098
Denominator for diluted earnings per share-weighted average common shares outstanding (shares) 320,330 326,818 320,840 290,633
Basic earnings per share (in dollars per share) $ 1.31 $ 0.95 $ 2.05 $ 1.53
Diluted earnings per share (in dollars per share) $ 1.30 $ 0.94 $ 2.03 $ 1.52
Options        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Options to purchase outstanding and anti-dilutive shares 0 0 0 0