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Earnings Per Share (Tables) | 6 Months Ended
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May 31, 2021
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) | 2021 |  | 2020 |  | 2021 |  | 2020
Numerator: |  |  |  |  |  |  |
Net earnings attributable to Lennar | $ | 831,363 |  |  | 517,406 |  |  | 1,832,732 |  |  | 915,858 |
Less: distributed earnings allocated to nonvested shares | 776 |  |  | 357 |  |  | 1,406 |  |  | 690 |
Less: undistributed earnings allocated to nonvested shares | 10,308 |  |  | 5,931 |  |  | 22,026 |  |  | 9,962 |
Numerator for basic earnings per share | 820,279 |  |  | 511,118 |  |  | 1,809,300 |  |  | 905,206 |
Less: net amount attributable to Rialto's Carried Interest Incentive Plan (1) | 1,569 |  |  | 3,322 |  |  | 2,122 |  |  | 3,322 |
Numerator for diluted earnings per share | $ | 818,710 |  |  | 507,796 |  |  | 1,807,178 |  |  | 901,884 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per share - weighted average common shares outstanding | 308,893 |  |  | 308,373 |  |  | 308,957 |  |  | 309,793 |
Effect of dilutive securities: |  |  |  |  |  |  |
Shared based payments | — |  |  | — |  |  | — |  |  | 1 |
Denominator for diluted earnings per share - weighted average common shares outstanding | 308,893 |  |  | 308,373 |  |  | 308,957 |  |  | 309,794 |
Basic earnings per share | $ | 2.66 |  |  | 1.66 |  |  | 5.86 |  |  | 2.92 |
Diluted earnings per share | $ | 2.65 |  |  | 1.65 |  |  | 5.85 |  |  | 2.91 |
(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.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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