Earnings Per Share (Tables)

6 Months Ended

May 31, 2022

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator In Earnings Per Share

Basic and diluted earnings per share were calculated as follows:

	Three Months Ended			Six Months Ended
	May 31,			May 31,
(In thousands, except per share amounts)	2022		2021	2022	2021
Numerator:
Net earnings attributable to Lennar	$	1,320,756	831,363	1,824,337	1,832,732
Less: distributed earnings allocated to nonvested shares	2,395		776	3,175	1,406
Less: undistributed earnings allocated to nonvested shares	14,980		10,308	19,189	22,026
Numerator for basic earnings per share	1,303,381		820,279	1,801,973	1,809,300
Less: net amount attributable to Rialto's Carried Interest Incentive Plan (1)	1,045		1,569	2,843	2,122
Numerator for diluted earnings per share	$	1,302,336	818,710	1,799,130	1,807,178
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding	289,895		308,893	291,913	308,957
Denominator for diluted earnings per share - weighted average common shares outstanding	289,895		308,893	291,913	308,957
Basic earnings per share	$	4.50	2.66	6.17	5.86
Diluted earnings per share	$	4.49	2.65	6.16	5.85

(1)The amounts presented relate to Rialto's Carried Interest Incentive Plan and represent the difference between the advanced tax distributions received from the Rialto funds included in the Lennar Other segment and the amount Lennar is assumed to own.