XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.2

Product Warranty (Tables)

9 Months Ended

Aug. 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												Nine Months Ended
			August 31,												August 31,
(In thousands)			2021						2020						2021						2020
Warranty reserve, beginning of the period			$	361,741					301,462						341,765						294,138
Warranties issued			55,236						50,324						149,854						134,867
Adjustments to pre-existing warranties from changes in estimates (1)			8,288						3,640						27,048						17,251
Payments			(50,290)						(36,677)						(143,692)						(127,507)
Warranty reserve, end of period			$	374,975					318,749						374,975						318,749

(1)The adjustments to pre-existing warranties from changes in estimates during the three and nine months ended August 31, 2021 and August 31, 2020 primarily related to specific claims in certain of the Company's homebuilding communities and other adjustments.

X

- References

No definition available.

+ Details

Name:	us-gaap_ProductWarrantiesDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration