XML 29 R14.htm IDEA: XBRL DOCUMENT
v3.23.4

Earnings Per Share | 12 Months Ended
--- | ---
Nov. 30, 2023
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) | 2023 |  | 2022 |  | 2021
Numerator: |  |  |  |  |
Net earnings attributable to Lennar | $ | 3,938,511 |  |  | 4,614,125 |  |  | 4,430,111 |
Less: distributed earnings allocated to nonvested shares | 5,514 |  |  | 4,471 |  |  | 2,690 |
Less: undistributed earnings allocated to nonvested shares | 43,022 |  |  | 47,509 |  |  | 50,229 |
Numerator for basic earnings per share | 3,889,975 |  |  | 4,562,145 |  |  | 4,377,192 |
Less: net amount attributable to Rialto's Carried Interest Incentive Plan (1) | — |  |  | 4,919 |  |  | 2,907 |
Numerator for diluted earnings per share | $ | 3,889,975 |  |  | 4,557,226 |  |  | 4,374,285 |
Denominator: |  |  |  |  |
Denominator for basic earnings per share - weighted average common shares outstanding | 283,319 |  |  | 289,824 |  |  | 306,612 |
Denominator for diluted earnings per share - weighted average common shares outstanding | 283,319 |  |  | 289,824 |  |  | 306,612 |
Basic earnings per share | $ | 13.73 |  |  | 15.74 |  |  | 14.28 |
Diluted earnings per share | $ | 13.73 |  |  | 15.72 |  |  | 14.27 |
(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. For the years ended November 30, 2023, 2022 and 2021, 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration