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Earnings Per Share | 12 Months Ended
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Nov. 30, 2024
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) | 2024 |  | 2023 |  | 2022
Numerator: |  |  |  |  |
Net earnings attributable to Lennar | $ | 3,932,533 |  |  | 3,938,511 |  |  | 4,614,125 |
Less: distributed earnings allocated to nonvested shares | 4,980 |  |  | 5,514 |  |  | 4,471 |
Less: undistributed earnings allocated to nonvested shares | 33,843 |  |  | 43,022 |  |  | 47,509 |
Numerator for basic earnings per share | 3,893,710 |  |  | 3,889,975 |  |  | 4,562,145 |
Less: net amount attributable to Rialto's Carried Interest Incentive Plan (1) | — |  |  | — |  |  | 4,919 |
Numerator for diluted earnings per share | $ | 3,893,710 |  |  | 3,889,975 |  |  | 4,557,226 |
Denominator: |  |  |  |  |
Denominator for basic earnings per share - weighted average common shares outstanding | 272,019 |  |  | 283,319 |  |  | 289,824 |
Denominator for diluted earnings per share - weighted average common shares outstanding | 272,019 |  |  | 283,319 |  |  | 289,824 |
Basic earnings per share | $ | 14.31 |  |  | 13.73 |  |  | 15.74 |
Diluted earnings per share | $ | 14.31 |  |  | 13.73 |  |  | 15.72 |
(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, 2024, 2023 and 2022, there were no options to purchase shares of common stock that were outstanding and anti-dilutive.

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