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Product Warranty (Tables) | 6 Months Ended
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May 31, 2021
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 |  | Six Months Ended
| May 31, |  | May 31,
(In thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Warranty reserve, beginning of the period | $ | 348,100 |  |  | 287,413 |  |  | 341,765 |  |  | 294,138 |
Warranties issued | 51,690 |  |  | 46,272 |  |  | 94,618 |  |  | 84,543 |
Adjustments to pre-existing warranties from changes in estimates (1) | 13,119 |  |  | 7,707 |  |  | 18,760 |  |  | 13,611 |
Payments | (51,168) |  |  | (39,930) |  |  | (93,402) |  |  | (90,830) |
Warranty reserve, end of period | $ | 361,741 |  |  | 301,462 |  |  | 361,741 |  |  | 301,462 |
(1)The adjustments to pre-existing warranties from changes in estimates during the three and six months ended May 31, 2021 and May 31, 2020 primarily related to specific claims in certain of the Company's homebuilding communities and other adjustments.

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
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