Income Taxes (Tables)

6 Months Ended

May 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit (Provision) and Effective Tax Rate

The provision for income taxes and effective tax rate were as follows:

	Three Months Ended				Six Months Ended
	May 31,				May 31,
(Dollars in thousands)	2020		2019		2020		2019
Provision for income taxes	$160,479		140,530		192,808		220,230
Effective tax rate (1)	23.7	%	25.0	%	17.4	%	25.0	%

(1)For both the three and six months ended May 31, 2020, the effective tax rate included state income tax expense and non-deductible executive compensation, partially offset by new energy efficient home and solar tax credits. For the six months ended May 31, 2020, the effective tax rate also included a benefit related to years ended November 30, 2018 and 2019, due to Congress retroactively extending the new energy efficient home tax credit in December 2019.