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Inventories (Tables) | 12 Months Ended
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Nov. 30, 2015
Inventory Disclosure [Abstract] |
Inventories | Inventories consisted of the following (in thousands):
| November 30,
| 2015 |  | 2014
Homes under construction | $ | 1,031,356 |  |  | $ | 928,272 |
Land under development | 1,766,045 |  |  | 1,710,149 |
Land held for future development | 516,346 |  |  | 579,966 |
Total | $ | 3,313,747 |  |  | $ | 3,218,387 |
Interest costs | Our interest costs were as follows (in thousands):
| Years Ended November 30,
| 2015 |  | 2014 |  | 2013
Capitalized interest at beginning of year | $ | 266,668 |  |  | $ | 216,681 |  |  | $ | 217,684 |
Interest incurred (a) | 186,885 |  |  | 171,541 |  |  | 149,101 |
Interest expensed (a) | (21,856 | ) |  | (30,750 | ) |  | (62,690 | )
Interest amortized to construction and land costs (b) | (143,255 | ) |  | (90,804 | ) |  | (87,414 | )
Capitalized interest at end of year (c) | $ | 288,442 |  |  | $ | 266,668 |  |  | $ | 216,681 |
(a) | Amounts for the year ended November 30, 2013 included losses on the early extinguishment of debt of $10.4 million associated with the purchase and retirement of certain senior notes ahead of their maturity.
(b) | Interest amortized to construction and land costs for the year ended November 30, 2015 included $16.4 million related to land sales during the period.
(c) | Capitalized interest amounts presented in the table reflect the gross amount of capitalized interest, as inventory impairment charges recognized, if any, 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 FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 2: 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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