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Accrued Expenses and Other Liabilities | 3 Months Ended
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Feb. 28, 2025
Payables and Accruals [Abstract] |
Accrued Expenses and Other Liabilities | Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following (in thousands):
| February 28, 2025 |  | November 30, 2024
Self-insurance and other legal liabilities | $ | 321,766 |  |  | $ | 315,851 |
Employee compensation and related benefits | 107,832 |  |  | 182,460 |
Warranty liability | 96,067 |  |  | 96,026 |
Customer deposits | 44,365 |  |  | 44,029 |
Inventory-related obligations (a) | 41,227 |  |  | 44,408 |
Lease liabilities | 22,386 |  |  | 20,859 |
Federal and state taxes payable | 19,346 |  |  | — |
Accrued interest payable | 17,037 |  |  | 28,806 |
Real estate and business taxes | 13,894 |  |  | 17,056 |
Other | 44,030 |  |  | 46,766 |
Total | $ | 727,950 |  |  | $ | 796,261 |
(a)Represents liabilities for financing arrangements discussed in Note 8 – Variable Interest Entities, as well as liabilities for fixed or determinable amounts associated with tax increment financing entity (“TIFE”) assessments. As homes are delivered, our 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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