XML 28 R13.htm IDEA: XBRL DOCUMENT
v3.21.4

Earnings Per Share | 12 Months Ended
--- | ---
Nov. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic and diluted earnings per share were calculated as follows:
| Years Ended November 30,
(In thousands, except per share amounts) | 2021 |  | 2020 |  | 2019
Numerator: |  |  |  |  |
Net earnings attributable to Lennar | $ | 4,430,111 |  |  | 2,465,036 |  |  | 1,849,052 |
Less: distributed earnings allocated to nonvested shares | 2,690 |  |  | 1,658 |  |  | 420 |
Less: undistributed earnings allocated to nonvested shares | 50,229 |  |  | 26,731 |  |  | 15,722 |
Numerator for basic earnings per share | 4,377,192 |  |  | 2,436,647 |  |  | 1,832,910 |
Less: net amount attributable to noncontrolling interests in Rialto's Carried Interest Incentive Plan (1) | 2,907 |  |  | 8,971 |  |  | 4,204 |
Numerator for diluted earnings per share | $ | 4,374,285 |  |  | 2,427,676 |  |  | 1,828,706 |
Denominator: |  |  |  |  |
Denominator for basic earnings per share - weighted average common shares outstanding | 306,612 |  |  | 309,406 |  |  | 318,419 |
Effect of dilutive securities: |  |  |  |  |
Share-based payments | — |  |  | 1 |  |  | 3 |
Denominator for diluted earnings per share - weighted average common shares outstanding | 306,612 |  |  | 309,407 |  |  | 318,422 |
Basic earnings per share | $ | 14.28 |  |  | 7.88 |  |  | 5.76 |
Diluted earnings per share | $ | 14.27 |  |  | 7.85 |  |  | 5.74 |
(1)The amounts presented above relate to Rialto's Carried Interest Incentive Plan and represent the difference between the advanced tax distributions received by the Lennar Other segment and the amount Lennar, as the parent company, is assumed to own. For the years ended November 30, 2021, 2020 and 2019, there were no options to purchase shares of common stock that were outstanding and anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration