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Accrued Expenses and Other Liabilities (Tables) | 9 Months Ended
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Aug. 31, 2025
Payables and Accruals [Abstract] |
Schedule of Accrued Expenses and Other Liabilities | Accrued expenses and other liabilities consisted of the following (in thousands):
| August 31, 2025 |  | November 30, 2024
Self-insurance and other legal liabilities | $ | 341,147 |  |  | $ | 315,851 |
Employee compensation and related benefits | 145,957 |  |  | 182,460 |
Warranty liability | 98,598 |  |  | 96,026 |
Inventory-related obligations (a) | 41,769 |  |  | 44,408 |
Customer deposits | 38,072 |  |  | 44,029 |
Lease liabilities | 20,741 |  |  | 20,859 |
Accrued interest payable | 17,353 |  |  | 28,806 |
Real estate and business taxes | 16,356 |  |  | 17,056 |
Federal and state taxes payable | 5,061 |  |  | — |
Other | 45,396 |  |  | 46,766 |
Total | $ | 770,450 |  |  | $ | 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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- Definition 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. + References No definition available. + Details
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