v3.26.1
Accrued Expenses and Other Liabilities (Tables)
 6 Months Ended
May 31, 2026
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in thousands):
May 31,
2026		November 30,
2025
Self-insurance and other legal liabilities$298,179 $290,107 
Warranty liability102,270 101,245 
Employee compensation and related benefits113,404 157,170 
Inventory-related obligations (a)39,272 48,243 
Lease liabilities29,944 19,775 
Customer deposits31,389 28,033 
Accrued interest payable30,243 29,219 
Real estate and business taxes9,490 13,612 
Other50,210 44,542 
Total$704,401 $731,946 
(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.