Stockholders' Equity (Tables)

6 Months Ended

May 31, 2020

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 six months ended May 31, 2020 and 2019:

			Three Months Ended May 31, 2020
(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 February 29, 2020	$	16,193,377	29,802	3,944	8,609,944	(1,253,756)	452	8,654,213	148,778
Net earnings (including net loss attributable to noncontrolling interests)	516,098		—	—	—	—	—	517,406	(1,308)
Employee stock and directors plans	651		2	—	756	(107)	—	—	—
Purchases of treasury stock	—		—	—	—	—	—	—	—
Amortization of restricted stock	23,286		—	—	23,286	—	—	—	—
Cash dividends	(38,905)		—	—	—	—	—	(38,905)	—
Receipts related to noncontrolling interests	80,148		—	—	—	—	—	—	80,148
Payments related to noncontrolling interests	(4,767)		—	—	—	—	—	—	(4,767)
Non-cash purchase or activity of noncontrolling interests, net	(5,168)		—	—	(3,544)	—	—	—	(1,624)
Non-cash consolidations/deconsolidations, net	(131,306)		—	—	—	—	—	—	(131,306)
Total other comprehensive loss, net of tax	(790)		—	—	—	—	(790)	—	—
Balance at May 31, 2020	$	16,632,624	29,804	3,944	8,630,442	(1,253,863)	(338)	9,132,714	89,921

			Three Months Ended May 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 February 28, 2019	$	14,893,695	29,501	3,944	8,514,301	(485,016)	(158)	6,724,242	106,881
Net earnings (including net loss attributable to noncontrolling interests)	418,869		—	—	—	—	—	421,472	(2,603)
Employee stock and directors plans	731		2	—	1,036	(307)	—	—	—
Purchases of treasury stock	(51,783)		—	—	—	(51,783)	—	—	—
Amortization of restricted stock	14,491		—	—	14,491	—	—	—	—
Cash dividends	(13,017)		—	—	—	—	—	(13,017)	—
Receipts related to noncontrolling interests	589		—	—	—	—	—	—	589
Payments related to noncontrolling interests	(12,020)		—	—	—	—	—	—	(12,020)
Non-cash activities related to noncontrolling interests	(5,616)		—	—	—	—	—	—	(5,616)
Cumulative-effect of accounting change	211		—	—	—	—	—	211	—
Total other comprehensive earnings, net of tax	385		—	—	—	—	385	—	—
Balance at May 31, 2019	$	15,246,535	29,503	3,944	8,529,828	(537,106)	227	7,132,908	87,231

			Six Months Ended May 31, 2020
(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, 2019	$	16,033,830	29,712	3,944	8,578,219	(957,857)	498	8,295,001	84,313
Net earnings (including net loss attributable to noncontrolling interests)	907,321		—	—	—	—	—	915,858	(8,537)
Employee stock and directors plans	(6,773)		92	—	626	(7,491)	—	—	—
Purchases of treasury stock	(288,515)		—	—	—	(288,515)	—	—	—
Amortization of restricted stock	55,141		—	—	55,141	—	—	—	—
Cash dividends	(78,145)		—	—	—	—	—	(78,145)	—
Receipts related to noncontrolling interests	169,061		—	—	—	—	—	—	169,061
Payments related to noncontrolling interests	(21,501)		—	—	—	—	—	—	(21,501)
Non-cash purchase or activity of noncontrolling interests, net	(5,168)		—	—	(3,544)	—	—	—	(1,624)
Non-cash consolidations/deconsolidations, net	(131,791)		—	—	—	—	—	—	(131,791)
Total other comprehensive earnings, net of tax	(836)		—	—	—	—	(836)	—	—
Balance at May 31, 2020	$	16,632,624	29,804	3,944	8,630,442	(1,253,863)	(338)	9,132,714	89,921

			Six Months Ended May 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)	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
Non-cash activities related to noncontrolling interests	(5,616)		—	—	—	—	—	—	(5,616)
Cumulative-effect of accounting change	9,753		—	—	—	—	—	9,753	—
Total other comprehensive earnings, 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