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v3.25.2

Accrued Expenses and Other Liabilities | 6 Months Ended
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May 31, 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):
| May 31, 2025 |  | November 30, 2024
Self-insurance and other legal liabilities | $ | 333,844 |  |  | $ | 315,851 |
Employee compensation and related benefits | 128,778 |  |  | 182,460 |
Warranty liability | 97,658 |  |  | 96,026 |
Inventory-related obligations (a) | 49,604 |  |  | 44,408 |
Customer deposits | 44,296 |  |  | 44,029 |
Accrued interest payable | 29,180 |  |  | 28,806 |
Lease liabilities | 23,396 |  |  | 20,859 |
Real estate and business taxes | 10,968 |  |  | 17,056 |
Federal and state taxes payable | 6,461 |  |  | — |
Other | 47,655 |  |  | 46,766 |
Total | $ | 771,840 |  |  | $ | 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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