XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.22.2.2

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.

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 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=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration