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Accrued Expenses and Other Liabilities (Tables)

12 Months Ended

Nov. 30, 2016

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following (in thousands):

	November 30,
	2016				2015
Self-insurance and other litigation liabilities (a)	$	170,988			$	191,812
Employee compensation and related benefits	130,352				114,456
Inventory-related obligations (b)	82,682				148,887
Accrued interest payable	67,411				62,645
Warranty liability	56,682				49,085
Customer deposits	18,175				14,563
Real estate and business taxes	14,370				14,255
Other	10,336				13,027
Total	$	550,996			$	608,730

(a) As described in Note 15 – Commitments and Contingencies, in 2016, we reclassified estimated probable insurance and other recoveries from our self-insurance liability to receivables for all years presented.

(b) Represents liabilities for inventory not owned associated with financing arrangements discussed in Note 8 – Variable Interest Entities, as well as liabilities for fixed or determinable amounts associated with TIFE assessments. As homes are delivered, the obligation to pay the remaining TIFE assessments associated with each underlying lot is transferred to the homebuyer. As such, these assessment obligations will be paid by us only to the extent we do not deliver homes on applicable lots before the related TIFE obligations mature.

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Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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