Product Warranty (Tables)

3 Months Ended

Feb. 29, 2020

Product Warranties Disclosures [Abstract]

Schedule of Product Warranty Reserve

The activity in the Company’s warranty reserve, which are included in Homebuilding other liabilities was as follows:

	Three Months Ended
	February 29,			February 28,
(In thousands)	2020			2019
Warranty reserve, beginning of the period	$	294,138		319,109
Warranties issued	38,271			33,971
Adjustments to pre-existing warranties from changes in estimates (1)	5,904			(9,527	)
Payments	(50,900		)	(47,931	)
Warranty reserve, end of period	$	287,413		295,622

(1)

The adjustments to pre-existing warranties from changes in estimates during the three months ended February 29, 2020 and February 28 2019 primarily related to specific claims in certain of the Company's homebuilding communities and other adjustments.