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Stockholders' Equity (Tables)
9 Months Ended
Aug. 31, 2019
Equity [Abstract]  
Schedule of Changes in Equity
The following tables reflect 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 the three and nine months ended August 31, 2019 and 2018:
 
 
 
Three months ended August 31, 2019

 
 
(In thousands)
Total
Equity
 
Class A
Common Stock
 
Class B
Common Stock
 
Additional
Paid - in Capital
 
Treasury
Stock
 
Accumulated Other Comprehensive Income
 
Retained
Earnings
 
Noncontrolling
Interests
Balance at May 31, 2019
$
15,246,535

 
29,503

 
3,944

 
8,529,828

 
(537,106
)
 
227

 
7,132,908

 
87,231

Net earnings (including net loss attributable to noncontrolling interests)
512,643

 

 

 

 

 

 
513,366

 
(723
)
Employee stock and directors plans
(22,359
)
 
206

 

 
(400
)
 
(22,165
)
 

 

 

Purchases of treasury stock
(295,930
)
 

 

 

 
(295,930
)
 

 

 

Amortization of restricted stock
34,048

 

 

 
34,048

 

 

 

 

Cash dividends
(12,899
)
 

 

 

 

 


(12,899
)
 

Receipts related to noncontrolling interests
18,458

 

 

 

 

 

 

 
18,458

Payments related to noncontrolling interests
(12,372
)
 

 

 

 

 

 

 
(12,372
)
Non cash activity related to noncontrolling interests
(2,357
)
 

 

 
(3,772
)
 

 

 

 
1,415

Total other comprehensive income, net of tax
180

 

 

 

 

 
180

 

 

Balance at August 31, 2019
$
15,465,947

 
29,709

 
3,944

 
8,559,704

 
(855,201
)
 
407

 
7,633,375

 
94,009

 
 
 
Nine months ended August 31, 2019
 
 
(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)
1,170,936

 

 

 

 

 

 
1,174,748

 
(3,812
)
Employee stock and directors plans
(23,050
)
 
210

 

 
1,361

 
(24,621
)
 

 

 

Purchases of treasury stock
(394,711
)
 

 

 

 
(394,711
)
 

 

 

Amortization of restricted stock
65,438

 

 

 
65,438

 

 

 

 

Cash dividends
(38,776
)
 

 

 

 

 

 
(38,776
)
 

Receipts related to noncontrolling interests
27,395

 

 

 

 

 

 

 
27,395

Payments related to noncontrolling interests
(35,689
)
 

 

 

 

 

 

 
(35,689
)
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
(7,973
)
 

 

 
(3,772
)
 

 

 

 
(4,201
)
Total other comprehensive income, net of tax
773

 

 

 

 

 
773

 

 

Balance at August 31, 2019
$
15,465,947

 
29,709

 
3,944

 
8,559,704

 
(855,201
)
 
407

 
7,633,375

 
94,009


 
 
 
Three months ended August 31, 2018

 
 
(In thousands)
Total
Equity
 
Class A
Common Stock
 
Class B
Common Stock
 
Additional
Paid - in Capital
 
Treasury
Stock
 
Accumulated Other Comprehensive Loss
 
Retained
Earnings
 
Noncontrolling
Interests
Balance at May 31, 2018
$
13,698,870

 
29,373

 
3,944

 
8,458,211

 
(164,552
)
 
(339
)
 
5,264,674

 
107,559

Net earnings (including net earnings attributable to noncontrolling interests)
467,620

 

 

 

 

 

 
453,211

 
14,409

Employee stock and directors plans
(20,943
)
 
125

 

 
(95
)
 
(20,969
)
 

 
(4
)
 

Amortization of restricted stock
21,918

 

 

 
21,918

 

 

 

 

Cash dividends
(13,205
)
 

 

 

 

 

 
(13,205
)
 

Receipts related to noncontrolling interests
126

 

 

 

 

 

 

 
126

Payments related to noncontrolling interests
(38,215
)
 

 

 

 

 

 

 
(38,215
)
Non-cash activity to noncontrolling interests
285

 

 

 

 

 

 

 
285

Total other comprehensive loss, net of tax
(276
)
 

 

 

 

 
(276
)
 

 

Balance at August 31, 2018
$
14,116,180

 
29,498

 
3,944

 
8,480,034

 
(185,521
)
 
(615
)
 
5,704,676

 
84,164

 
 
 
Nine months ended August 31, 2018
 
 
(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)
919,286

 

 

 

 

 

 
899,683

 
19,603

Employee stock and directors plans
(45,148
)
 
182

 

 
4,171

 
(49,501
)
 

 

 

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
55,638

 

 

 
55,638

 

 

 

 

Cash dividends
(35,985
)
 

 

 

 

 

 
(35,985
)
 

Receipts related to noncontrolling interests
4,008

 

 

 

 

 

 

 
4,008

Payments related to noncontrolling interests
(68,627
)
 

 

 

 

 

 

 
(68,627
)
Non-cash activity to noncontrolling interests
15,365

 

 

 

 

 

 

 
15,365

Total other comprehensive loss, net of tax
(1,649
)
 

 

 

 

 
(1,649
)
 

 

Balance at August 31, 2018
$
14,116,180

 
29,498

 
3,944

 
8,480,034

 
(185,521
)
 
(615
)
 
5,704,676

 
84,164