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Commitments and Contingencies (Tables)
 9 Months Ended
Aug. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Product Warranty Reserve The activity in the Company’s warranty reserve, which is included in Homebuilding other liabilities, was as follows:
Three Months EndedNine Months Ended
August 31,August 31,
(In thousands)2025202420252024
Warranty reserve, beginning of the period$442,058 403,448 446,240 414,796 
Warranties issued62,241 76,653 185,873 211,001 
Adjustments to pre-existing warranties from changes in estimates(11,260)18,768 3,126 15,483 
Payments(70,154)(76,589)(212,354)(219,000)
Warranty reserve, end of period$422,885 422,280 422,885 422,280 
(1)The adjustments to pre-existing warranties from changes in estimates during the three and nine months ended August 31, 2025 and August 31, 2024 primarily related to specific claims in certain of the Company's homebuilding communities and other adjustments.
Additional Information About Leases The following table includes additional information about the Company's leases:
(Dollars in thousands)At August 31, 2025At November 30, 2024
Right-of-use assets$285,185 275,248 
Lease liabilities275,595 262,119 
Weighted-average remaining lease term (in years)5.44.7
Weighted-average discount rate5.0%5.0%
Lease, Cost
The Company's rental expense on lease liabilities were as follows:
Nine Months Ended August 31,
(In thousands)20252024
Rental expense$148,271 82,512 
Future Minimum Payments Under Noncancellable Leases Future minimum payments under the noncancellable leases in effect at August 31, 2025 were as follows:
(In thousands)Lease Payments
2025$25,889 
202686,327 
202754,417 
202839,013 
2029 and thereafter109,099 
Total future minimum lease payments (1)$314,745 
Less: Interest (2)39,150 
Present value of lease liabilities (2)$275,595 
(1)Total future minimum lease payments exclude variable lease costs of $34.3 million and short-term lease costs of $2.0 million.
(2)The Company's leases do not include a readily determinable implicit rate. As such, the Company estimated the discount rate for these leases to determine the present value of lease payments at the lease commencement date. As of August 31, 2025, the Company recognized the lease liabilities on its condensed consolidated balance sheets within accounts payable and other liabilities of the respective segments.