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Inventories (Tables) | 12 Months Ended
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Nov. 30, 2014
Inventory Disclosure [Abstract] |
Inventories | Inventories consisted of the following (in thousands):
| November 30,
| 2014 |  | 2013
Homes under construction | $ | 928,272 |  |  | $ | 586,439 |
Land under development | 1,710,149 |  |  | 1,066,916 |
Land held for future development | 579,966 |  |  | 645,222 |
Total | $ | 3,218,387 |  |  | $ | 2,298,577 |
Interest costs | Our interest costs are as follows (in thousands):
| Years Ended November 30,
| 2014 |  | 2013 |  | 2012
Capitalized interest at beginning of year | $ | 216,681 |  |  | $ | 217,684 |  |  | $ | 233,461 |
Interest incurred (a) | 171,541 |  |  | 149,101 |  |  | 132,657 |
Interest expensed (a) | (30,750 | ) |  | (62,690 | ) |  | (69,804 | )
Interest amortized to construction and land costs | (90,804 | ) |  | (87,414 | ) |  | (78,630 | )
Capitalized interest at end of year (b) | $ | 266,668 |  |  | $ | 216,681 |  |  | $ | 217,684 |
(a) | Amounts for the years ended November 30, 2013 and 2012 included losses on the early extinguishment of debt of $10.4 million and $10.3 million, respectively, associated with the purchase and retirement of certain senior notes ahead of their maturity.
(b) | Capitalized interest amounts presented in the table reflect the gross amount of capitalized interest, as inventory impairment charges recognized are not generally allocated to specific components of inventory.

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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 2 -Paragraph 6 -Subparagraph a,b,c -Article 5 + Details
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