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Inventories (Tables) | 6 Months Ended
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May 31, 2016
Inventory Disclosure [Abstract] |
Schedule of Inventories | Inventories consisted of the following (in thousands):
| May 31, 2016 |  | November 30, 2015
Homes under construction | $ | 1,247,223 |  |  | $ | 1,031,356 |
Land under development | 1,815,661 |  |  | 1,766,045 |
Land held for future development | 462,205 |  |  | 516,346 |
Total | $ | 3,525,089 |  |  | $ | 3,313,747 |
Schedule of Capitalized Interest Costs | Our interest costs were as follows (in thousands):
| Six Months Ended May 31, |  | Three Months Ended May 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
Capitalized interest at beginning of period | $ | 288,442 |  |  | $ | 266,668 |  |  | $ | 300,314 |  |  | $ | 284,040 |
Interest incurred | 92,509 |  |  | 94,202 |  |  | 46,258 |  |  | 49,199 |
Interest expensed | (5,667 | ) |  | (13,456 | ) |  | (1,970 | ) |  | (8,118 | )
Interest amortized to construction and land costs (a) | (66,239 | ) |  | (47,736 | ) |  | (35,557 | ) |  | (25,443 | )
Capitalized interest at end of period (b) | $ | 309,045 |  |  | $ | 299,678 |  |  | $ | 309,045 |  |  | $ | 299,678 |
(a) | Interest amortized to construction and land costs for the six months ended May 31, 2016 included $.5 million related to land sales during the period.
(b) | 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 S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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