XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.23.1

Commitments and Contingencies (Tables) | 3 Months Ended
--- | ---
Feb. 28, 2023
Commitments and Contingencies Disclosure [Abstract] |
Additional Information About Leases | The following table includes additional information about the Company's leases:
(Dollars in thousands) | February 28, 2023 |  | November 30, 2022
Right-of-use assets | $ | 143,457 |  |  | 149,966 |
Lease liabilities | 152,157 |  |  | 158,832 |
Weighted-average remaining lease term (in years) | 7.8 |  | 7.9
Weighted-average discount rate | 3.1% |  | 3.0%
Future Minimum Payments Under Noncancellable Leases | Future minimum payments under the noncancellable leases in effect at February 28, 2023 were as follows:
(In thousands) | Lease Payments
2023 | $ | 25,877 |
2024 | 28,766 |
2025 | 24,298 |
2026 | 18,948 |
2027 | 16,130 |
2027 and thereafter | 56,957 |
Total future minimum lease payments (1) | $ | 170,976 |
Less: Interest (2) | 18,819 |
Present value of lease liabilities (2) | $ | 152,157 |
(1)Total future minimum lease payments exclude variable lease costs of $22.7 million and short-term lease costs of $2.7 million. (2)The Company's leases do not include a readily determinable implicit rate. As such, the Company has estimated the discount rate for these leases to determine the present value of lease payments at the lease commencement date or as of December 1, 2019, which was the effective date of ASU 2016-02. The Company recognized the lease liabilities on its condensed consolidated balance sheets within accounts payable and other liabilities of the respective segments.
Lease, Cost | The Company's rental expense on lease liabilities were as follows:
| Three Months Ended
| February 28,
(In thousands) | 2023 |  | 2022
Rental expense | $ | 26,904 |  |  | 25,641 |

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | len_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | len_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration