Earnings Per Share (Tables)

9 Months Ended

Aug. 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			Nine Months Ended
	August 31,			August 31,
(In thousands, except per share amounts)	2022		2021	2022	2021
Numerator:
Net earnings attributable to Lennar	$	1,467,344	1,406,888	3,291,681	3,239,620
Less: distributed earnings allocated to nonvested shares	655		776	3,830	2,182
Less: undistributed earnings allocated to nonvested shares	15,088		15,918	34,605	38,329
Numerator for basic earnings per share	1,451,601		1,390,194	3,253,246	3,199,109
Less: net amount attributable to Rialto's Carried Interest Incentive Plan (1)	1,038		785	3,881	2,907
Numerator for diluted earnings per share	$	1,450,563	1,389,409	3,249,365	3,196,202
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding	288,109		307,296	290,645	308,403
Denominator for diluted earnings per share - weighted average common shares outstanding	288,109		307,296	290,645	308,403
Basic earnings per share	$	5.04	4.52	11.19	10.37
Diluted earnings per share	$	5.03	4.52	11.18	10.36

(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.