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Income Taxes (Tables) | 12 Months Ended
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Nov. 30, 2021
Income Tax Disclosure [Abstract] |
Schedule of Component of Income Tax Benefit (Expense) in the Consolidated Statement of Operations | The components of the income tax expense in our consolidated statements of operations are as follows (in thousands):
| Federal |  | State |  | Total
2021 |  |  |  |  |
Current | $ | (44,300) |  |  | $ | (33,700) |  |  | $ | (78,000) |
Deferred | (47,200) |  |  | (5,400) |  |  | (52,600) |
Income tax expense | $ | (91,500) |  |  | $ | (39,100) |  |  | $ | (130,600) |
| Federal |  | State |  | Total
2020 |  |  |  |  |
Current | $ | (12,100) |  |  | $ | (3,500) |  |  | $ | (15,600) |
Deferred | (36,200) |  |  | (16,000) |  |  | (52,200) |
Income tax expense | $ | (48,300) |  |  | $ | (19,500) |  |  | $ | (67,800) |
2019 |  |  |  |  |
Current | $ | (200) |  |  | $ | (3,700) |  |  | $ | (3,900) |
Deferred | (53,800) |  |  | (21,700) |  |  | (75,500) |
Income tax expense | $ | (54,000) |  |  | $ | (25,400) |  |  | $ | (79,400) |
Schedule of Components Of Deferred Tax Liabilities And Assets | Significant components of our deferred tax liabilities and assets are as follows (in thousands):
| November 30,
| 2021 |  | 2020
Deferred tax liabilities: |  |  |
Capitalized expenses | $ | 36,660 |  |  | $ | 43,439 |
State taxes | 20,558 |  |  | 22,562 |
Depreciation and amortization | 3,926 |  |  | 2,714 |
Other | 1,555 |  |  | 2,884 |
Total | 62,699 |  |  | 71,599 |
Deferred tax assets: |  |  |
NOLs from 2006 through 2021 | 73,662 |  |  | 79,987 |
Employee benefits | 56,384 |  |  | 52,713 |
Warranty, legal and other accruals | 54,826 |  |  | 41,319 |
Inventory impairment and land option contract abandonment charges | 30,767 |  |  | 40,998 |
Capitalized expenses | 26,849 |  |  | 19,903 |
Partnerships and joint ventures | 8,265 |  |  | 8,733 |
Tax credits | 4,634 |  |  | 75,108 |
Other | 2,090 |  |  | 1,905 |
Total | 257,477 |  |  | 320,666 |
Valuation allowance | (17,400) |  |  | (18,000) |
Total | 240,077 |  |  | 302,666 |
Deferred tax assets, net | $ | 177,378 |  |  | $ | 231,067 |
Schedule of Income Tax Benefit Computed At The Statutory U.S. Federal Income Tax Rate And Income Tax Benefit (Expense) Provided In The Consolidated Statements Of Operations | The income tax expense computed at the statutory U.S. federal income tax rate and the income tax expense provided in our consolidated statements of operations differ as follows (dollars in thousands):
| Years Ended November 30,
| 2021 |  | 2020 |  | 2019
| $ |  | % |  | $ |  | % |  | $ |  | %
Income tax expense computed at statutory rate | $ | (146,023) |  |  | (21.0) | % |  | $ | (76,449) |  |  | (21.0) | % |  | $ | (73,117) |  |  | (21.0) | %
Tax credits | 49,522 |  |  | 7.1 |  |  | 18,734 |  |  | 5.1 |  |  | 6,595 |  |  | 1.9 |
Depreciation and amortization | 5,872 |  |  | .8 |  |  | 9,910 |  |  | 2.7 |  |  | 4,276 |  |  | 1.2 |
Valuation allowance for deferred tax assets | 600 |  |  | .1 |  |  | 1,200 |  |  | .3 |  |  | 4,400 |  |  | 1.3 |
Non-deductible compensation | (9,241) |  |  | (1.3) |  |  | (4,812) |  |  | (1.3) |  |  | (4,653) |  |  | (1.3) |
State taxes, net of federal income tax benefit | (31,378) |  |  | (4.5) |  |  | (16,395) |  |  | (4.4) |  |  | (20,927) |  |  | (6.0) |
NOL reconciliation | — |  |  | — |  |  | — |  |  | — |  |  | 3,111 |  |  | .9 |
Other, net | 48 |  |  | — |  |  | 12 |  |  | — |  |  | 915 |  |  | .2 |
Income tax expense | $ | (130,600) |  |  | (18.8) | % |  | $ | (67,800) |  |  | (18.6) | % |  | $ | (79,400) |  |  | (22.8) | %
Schedule of Reconciliation of the beginning and ending balances of the gross unrecognized benefits | A reconciliation of the beginning and ending balances of gross unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):
| Years Ended November 30,
| 2021 |  | 2020 |  | 2019
Balance at beginning of year | $ | — |  |  | $ | — |  |  | $ | — |
Increase as a result of tax position taken in prior years | 930 |  |  | — |  |  | — |
Balance at end of year | $ | 930 |  |  | $ | — |  |  | $ | — |

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