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Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The fair value of these servicing rights is included in Lennar Financial Services ’ loans held - for - sale as of May 31 , 2016 and November 30 , 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The fair value of forward contracts is included in the Lennar Financial Services segment 's other liabilities as of May 31 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The fair value of forward contracts is included in the Lennar Financial Services segment 's other assets as of November 30 , 2015 . The Lennar Financial Services segment uses mandatory mortgage - backed securities ( “ MBS ” ) forward commitments , option contracts and investor commitments to hedge its mortgage - related interest rate exposure . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The fair value of mortgage servicing rights is included in the Lennar Financial Services segment 's other assets . The changes in fair values for Level 1 and Level 2 financial instruments measured on a recurring basis are shown below by financial instrument and financial statement line item : 29 Interest on Lennar Financial Services loans held - for - sale and Rialto loans held - for - sale measured at fair value is calculated based on the interest rate of the loan and recorded as revenues in the Lennar Financial Services ’ statement of operations and Rialto 's statement of operations , respectively . The following table represents the reconciliation of the beginning and ending balance for the Level 3 recurring fair value measurements : ( 1 ) Changes in fair value for Rialto loans held - for - sale and Lennar Financial Services mortgage servicing rights are included in Rialto 's and Lennar Financial Services ' revenues , respectively . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 30 The Company ’ s assets measured at fair value on a nonrecurring basis are those assets for which the Company has recorded valuation adjustments and write - offs . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The assets measured at fair value on a nonrecurring basis are summarized below : ( 1 ) Represents losses due to valuation adjustments , write - offs , gains ( losses ) from transfers or acquisitions of real estate through foreclosure and REO impairments recorded during the three and six months ended May 31 , 2016 and 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ( 2 ) Valuation adjustments were included in Lennar Homebuilding costs and expenses in the Company 's condensed consolidated statement of operations for the three and six months ended May 31 , 2016 and 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The losses upon the transfer or acquisition of REO and impairments were included in Rialto other expense , net , in the Company ’ s condensed consolidated statement of operations for the three and six months ended May 31 , 2016 and 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 31 ( 4 ) REO held - and - used , net , assets are initially recorded at fair value at the time of acquisition through , or in lieu of , loan foreclosure . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The gains upon acquisition of REO held - and - used , net and impairments were included in Rialto other expense , net , in the Company ’ s condensed consolidated statement of operations for the three and six months ended May 31 , 2016 and 2015 . Finished homes and construction in progress are included within inventories . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company disclosed its accounting policy related to inventories and its review for indicators of impairments in the Summary of Significant Accounting Policies in its Form 10-K for the year ended November 30 , 2015 . The Company estimates the fair value of inventory evaluated for impairment based on market conditions and assumptions made by management at the time the inventory is evaluated , which may differ materially from actual results if market conditions or assumptions change . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | As of May 31 , 2016 and 2015 , there were 689 and 665 active communities , excluding unconsolidated entities , respectively . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | As of May 31 , 2016 , the Company identified 20 communities with 652 homesites and a corresponding carrying value of $ 116.0 million as having potential indicators of impairment . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | For the six months ended May 31 , 2016 , the Company recorded no impairments . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | As of May 31 , 2015 , the Company identified 21 communities with 790 homesites and a corresponding carrying value of $ 160.3 million as having potential indicators of impairment . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Based on the Company 's evaluation , during the six months ended May 31 , 2016 , the Company consolidated entities that had total combined assets of $ 122.1 million and liabilities of $ 96.4 million . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company and other 32 partners do not generally have an obligation to make capital contributions to a VIE unless the Company and/or the other partner ( s ) have entered into debt guarantees with a VIE ’ s banks . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ( 2 ) At both May 31 , 2016 and November 30 , 2015 , the maximum recourse exposure to loss of Rialto ’ s investments in unconsolidated VIEs was limited to its investments in the unconsolidated VIEs . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 33 Option Contracts The Company has access to land through option contracts , which generally enables it to control portions of properties owned by third parties ( including land funds ) and unconsolidated entities until the Company has determined whether to exercise the option . The Company evaluates all option contracts for land to determine whether they are VIEs and , if so , whether the Company is the primary beneficiary of certain of these option contracts . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Although the Company does not have legal title to the optioned land , if the Company is deemed to be the primary beneficiary or makes a significant deposit for optioned land , it may need to consolidate the land under option at the purchase price of the optioned land . During the six months ended May 31 , 2016 , consolidated inventory not owned increased by $ 75.7 million with a corresponding increase to liabilities related to consolidated inventory not owned in the accompanying condensed consolidated balance sheet as of May 31 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | To reflect the purchase price of the inventory consolidated , the Company had a net reclass related to option deposits from land under development to consolidated inventory not owned in the accompanying condensed consolidated balance sheet as of May 31 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The liabilities related to consolidated inventory not owned primarily represent the difference between the option exercise prices for the optioned land and the Company ’ s cash deposits . The Company ’ s exposure to loss related to its option contracts with third parties and unconsolidated entities consisted of its non - refundable option deposits and pre - acquisition costs totaling $ 83.4 million and $ 89.2 million at May 31 , 2016 and November 30 , 2015 , respectively . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Additionally , the Company had posted $ 73.9 million and $ 70.4 million of letters of credit in lieu of cash deposits under certain land and option contracts as of May 31 , 2016 and November 30 , 2015 , respectively . | {'LettersOfCreditOutstandingAmount': ['73.9', '70.4']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ( 16 ) Commitments and Contingent Liabilities The Company has been engaged in litigation since 2008 in the United States District Court for the District of Maryland regarding whether the Company is required by a contract it entered into in 2005 to purchase a property in Maryland . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | On June 29 , 2015 , the court ruled that interest will be calculated as simple interest at the rate of 12 % per annum from May 27 , 2008 until the date the Company purchases the property . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Simple interest on $ 114 million at 12 % per annum will accrue at the rate of $ 13.7 million per year , totaling approximately $ 109 million as of May 31 , 2016 . | {'LossContingencyDamagesSoughtValue': ['109']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | In addition , if the Company is required to purchase the property , it will be obligated to reimburse the seller for real estate taxes , which currently total $ 1.6 million . | {'LossContingencyDamagesSoughtValue': ['1.6']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | In its June 29 , 2015 ruling , the District Court determined that the Company will be permitted to stay the judgment during appeal by posting a bond in the amount of $ 223.4 million related to pending litigation . | {'GuaranteeObligationsMaximumExposure': ['223.4']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 34 ( 17 ) New Accounting Pronouncements In May 2014 , the Financial Accounting Standards Board ( " FASB " ) issued ASU 2014 - 09 , Revenue from Contracts with Customers , ( “ ASU 2014 - 09 ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2014 - 09 provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance , including industry - specific guidance . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2014 - 09 will require an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | In July 2015 , the FASB deferred the effective date by one year and permitted early adoption of the standard , but not before the original effective date ; therefore , ASU 2014 - 09 will be effective for the Company ’ s fiscal year beginning December 1 , 2018 and subsequent interim periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company has the option to apply the provisions of ASU 2014 - 09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of applying this ASU recognized at the date of initial application . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company is currently evaluating the method and impact the adoption of ASU 2014 - 09 will have on the Company 's condensed consolidated financial statements . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Subsequent to the issuance of ASU 2014 - 09 , the FASB has issued several ASUs such as ASU 2016 - 08 , Revenue from Contracts with Customers ( Topic 606 ) : Principal versus Agent Considerations ( Reporting Revenue Gross versus Net ) , ASU 2016 - 09 , Compensation - Stock Compensation ( Topic 718 ) : Improvements to Employee Share - Based Payment Accounting , and ASU 2016 - 12 , Revenue from Contracts with Customers ( Topic 606 ) : Narrow - Scope Improvements and Practical Expedients among others . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | These ASUs do not change the core principle of the guidance stated in ASU 2014 - 09 , instead these amendments are intended to clarify and improve operability of certain topics included within the revenue standard . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | These ASUs will have the same effective date and transition requirements as ASU 2014 - 09 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company is currently evaluating the method and impact the adoption of these ASUs and ASU 2014 - 09 will have on the Company 's condensed consolidated financial statements . In February 2015 , the FASB issued ASU 2015 - 02 , Consolidation ( Topic 810 ) : Amendments to the Consolidation Analysis ( “ ASU 2015 - 02 ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 02 amends the consolidation requirements and significantly changes the consolidation analysis required . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 02 requires management to reevaluate all legal entities under a revised consolidation model specifically ( i ) modify the evaluation of whether limited partnership and similar legal entities are VIEs , ( ii ) eliminate the presumption that a general partner should consolidate a limited partnership , ( iii ) affect the consolidation analysis of reporting entities that are involved with VIEs particularly those that have fee arrangements and related party relationships , and ( iv ) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Act of 1940 for registered money market funds . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 02 will be effective for the Company ’ s fiscal year beginning December 1 , 2016 and subsequent interim periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The adoption of ASU 2015 - 02 is not expected to have a material effect on the Company ’ s condensed consolidated financial statements . In April 2015 , the FASB issued ASU 2015 - 05 , Intangibles - Goodwill and Other - Internal - Use Software ( Subtopic 350 - 40 ) : Customers ' Accounting for Fees Paid in a Cloud Computing Arrangement ( “ ASU 2015 - 05 ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 05 provides guidance for a customer to determine whether a cloud computing arrangement contains a software license or should be accounted for as a service contract . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 05 will be effective for the Company ’ s fiscal year beginning December 1 , 2016 and subsequent interim periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The adoption of ASU 2015 - 05 did not have a material effect on the Company ’ s condensed consolidated financial statements . In September 2015 , the FASB issued ASU 2015 - 16 , Simplifying the Accounting for Measurement - Period Adjustments ( “ ASU 2015 - 16 ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 16 requires an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 16 will be effective for the Company ’ s fiscal year beginning December 1 , 2017 and subsequent interim periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The adoption of ASU 2015 - 16 is not expected to have a material effect on the Company ’ s condensed consolidated financial statements . In January 2016 , the FASB issued ASU 2016 - 01 , Financial Instruments - Overall : Recognition and Measurement of Financial Assets and Financial Liabilities ( “ ASU 2016 - 01 ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2016 - 01 modifies how entities measure equity investments and present changes in the fair value of financial liabilities . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | A practicality exception will apply to those equity investments that do not have a readily determinable fair value and do not qualify for the practical expedient to estimate fair value under ASC 820 , Fair Value Measurements , and as such these investments may be measured at cost . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2016 - 01 will be effective for the Company ’ s fiscal year beginning December 1 , 2018 and subsequent 35 interim periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The adoption of ASU 2016 - 01 is not expected to have a material effect on the Company ’ s condensed consolidated financial statements . In March 2016 , the FASB issued ASU 2016 - 02 , Leases ( “ ASU 2016 - 02 ” ) , which provides guidance for accounting for leases . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2016 - 02 requires lessees to classify leases as either finance or operating leases and to record a right - of - use asset and a lease liability for all leases with a term greater than 12 months regardless of the lease classification . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2016 - 02 will be effective for the Company ’ s fiscal year beginning December 1 , 2019 and subsequent interim periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company is currently evaluating the impact the adoption of ASU 2016 - 02 will have on the Company 's condensed consolidated financial statements . In March 2016 , the FASB issued ASU 2016 - 07 , Investments - Equity Method and Joint Ventures : Simplifying the Transition to the Equity Method of Accounting ( “ ASU 2016 - 07 ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2016 - 07 eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2016 - 07 will be effective for the Company ’ s fiscal year beginning December 1 , 2017 and subsequent interim periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The adoption of ASU 2016 - 07 is not expected to have a material effect on the Company ’ s condensed consolidated financial statements . In March 2016 , the FASB issued ASU 2016 - 09 , Compensation - Stock Compensation ( Topic 718 ) : Improvements to Employee Share - Based Payment Accounting ( “ ASU 2016 - 09 ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2016 - 09 simplifies several aspects related to the accounting for share - based payment transactions , including the accounting for income taxes , statutory tax withholding requirements and classification on the statement of cash flows . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2016 - 09 will be effective for the Company ’ s fiscal year beginning December 1 , 2017 and subsequent interim periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company is currently evaluating the impact that the adoption of ASU 2016 - 09 will have on the Company 's condensed consolidated financial statements . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ( 18 ) Supplemental Financial Information The indentures governing the Company ’ s 12.25 % senior notes due 2017 , 4.75 % senior notes due 2017 , 6.95 % senior notes due 2018 , 4.125 % senior notes due 2018 , 4.500 % senior notes due 2019 , 4.50 % senior notes due 2019 , 3.25 % convertible senior notes due 2021 , 4.750 % senior notes due 2021 , 4.750 % senior notes due 2022 , 4.875 % senior notes due 2023 and 4.750 % senior notes due 2025 require that , if any of the Company ’ s 100 % owned subsidiaries , other than its finance company subsidiaries and foreign subsidiaries , directly or indirectly guarantee at least $ 75 million principal amount of debt of Lennar Corporation , those subsidiaries must also guarantee Lennar Corporation ’ s obligations with regard to its senior notes . | {'DebtInstrumentInterestRateStatedPercentage': ['12.25', '4.75', '6.95', '4.125', '4.500', '4.50', '3.25', '4.750', '4.750', '4.875', '4.750']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The entities referred to as “ guarantors ” in the following tables are subsidiaries that are not finance company subsidiaries or foreign subsidiaries and were guaranteeing the senior notes because at May 31 , 2016 they were guaranteeing Lennar Corporation 's letter of credit facilities and its Credit Facility , disclosed in Note 11 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The guarantees are full , unconditional and joint and several and the guarantor subsidiaries are 100 % directly or indirectly owned by Lennar Corporation . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | A subsidiary 's guarantee will be suspended at any time when it is not directly or indirectly guaranteeing at least $ 75 million principal amount of debt of Lennar Corporation , and a subsidiary will be released from its guarantee and any other obligations it may have regarding the senior notes if all or substantially all its assets , or all of its capital stock , are sold or otherwise disposed of . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 36 ( 18 ) Supplemental Financial Information - ( Continued ) Supplemental information for the subsidiaries that were guarantor subsidiaries at May 31 , 2016 was as follows : Condensed Consolidating Balance Sheet May 31 , 2016 37 ( 18 ) Supplemental Financial Information - ( Continued ) Condensed Consolidating Balance Sheet November 30 , 2015 38 ( 18 ) Supplemental Financial Information - ( Continued ) Condensed Consolidating Statement of Operations and Comprehensive Income Three Months Ended May 31 , 2016 39 ( 18 ) Supplemental Financial Information - ( Continued ) Condensed Consolidating Statement of Operations and Comprehensive Income Three Months Ended May 31 , 2015 40 ( 18 ) Supplemental Financial Information - ( Continued ) Condensed Consolidating Statement of Operations and Comprehensive Income Six Months Ended May 31 , 2016 41 ( 18 ) Supplemental Financial Information - ( Continued ) Condensed Consolidating Statement of Operations and Comprehensive Income Six Months Ended May 31 , 2015 42 ( 18 ) Supplemental Financial Information - ( Continued ) Condensed Consolidating Statement of Cash Flows Six Months Ended May 31 , 2016 43 ( 18 ) Supplemental Financial Information - ( Continued ) Condensed Consolidating Statement of Cash Flows Six Months Ended May 31 , 2015 44 Item 2 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Operating results for the three and six month periods ending May 31 , 2016 are not necessarily indicative of the results that may be expected for the entire year ended November 30 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | For further information , refer to the consolidated financial statements and footnotes thereto included in the Company 's annual report on Form 10-K for the year ended November 30 , 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | NOTE 2 - ORGANIZATION AND DESCRIPTION OF BUSINESS CCA Industries , Inc. ( “ CCA ” ) was incorporated in the State of Delaware on March 25 , 1983 . CCA manufactures and distributes health and beauty aid products . CCA has two wholly - owned subsidiaries , CCA Online Industries , Inc. and CCA IND . , S.A. DE C.V. , a Variable Capital Corporation organized pursuant to the laws of Mexico , both of which are currently inactive . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The accounts receivable balance is further reduced by allowance for cooperative advertising and reserves for returns which are anticipated to be taken as credits against the balances as of May 31 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Patents are amortized on the straight - line method over a period of 17 years . | {'FiniteLivedIntangibleAssetUsefulLife': ['17']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Long - Lived Assets : Long - lived assets are assets in which the Company has an economic benefit for longer than twelve months from the date of the financial statement . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | No impairments were recorded in the six months ended May 31 , 2016 and May 31 , 2015 . Revenue Recognition : ( See also Cooperative Advertising ) The Company recognizes sales in accordance with ASC Topic 605 “ Revenue Recognition ” . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company also has estimated that there is an approximate six week lag in coupon redemptions , with the estimated cost recorded as an accrued liability . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company , therefore , records a reserve for returns based on the historical returns as a percentage of sales in the three preceding months and specific reserve based on customer circumstances and product circumstances . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Those 7 TABLE OF CONTENTS CCA INDUSTRIES , INC . AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS returns which are anticipated to be taken as credits against the balances as of May 31 , 2016 are offset against the accounts receivable . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Any item open more than three years is closed unless management believes that a deduction may still be taken by the customer . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The portion of cooperative advertising recorded as sales incentives was reduced by $ 300,000 in the quarter ended May 31 , 2016 to reduce open cooperative advertising contracts for 2013 for events that have been finalized . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | There were no reductions in the first quarter of fiscal 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | A substantial portion of the deferred tax asset is due to the losses incurred in fiscal 2015 and prior years , the benefit of which will be carried forward into future tax years . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | However , 8 TABLE OF CONTENTS CCA INDUSTRIES , INC . AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS anticipated future profitability may be impacted if the Company ’ s sales decrease from current levels or due to other factors discussed under Item 1A - Risk Factors in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 29 , 2016 as supplemented in this Form 10-Q . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The portion that management expects to utilize in fiscal 2016 is recorded as a short term asset , and the portion that management expects to utilize in fiscal years subsequent to fiscal 2016 is recorded as a long term asset . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company previously adopted the provisions of ASC Subtopic 740 - 10 - 25 , “ Uncertain Tax Positions ” . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Management believes that there were no unrecognized tax benefits , or tax positions that would result in uncertainty regarding the deductions taken , as of May 31 , 2016 and November 30 , 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASC Subtopic 740 - 10 - 25 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Tax Credits : Tax credits , when present , are accounted for using the flow - through method as a reduction of income taxes in the years utilized . Earnings Per Common Share : Basic earnings per share are calculated in accordance with ASC Topic 260 , “ Earnings Per Share ” , which requires using the average number of shares of common stock outstanding during the year . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Common stock equivalents consist of stock options and warrants . Stock Options : ASC Topic 718 , “ Stock Compensation , ” requires stock grants to employees to be recognized in the consolidated statement of operations based on their fair values . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Company issued stock options in fiscal 2016 and 2015 , see Note 11 for details . Recent Accounting Pronouncements : In March 2016 , the Financial Accounting Standards Board issued Accounting Standards Update 2016 - 09 , Compensation - Stock Compensation . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The update is effective for annual periods beginning after December 31 , 2016 , including interim periods within those annual periods . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Management has elected to adopt the update effective for the quarter and year to date periods ended May 31 , 2016 , and the consolidated financial statements for those periods have been adjusted accordingly . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The adoption did not have any material impact on the consolidated financial statements for the quarter or year to date periods ended May 31 , 2016 . Management does not believe that any other recently issued , but not yet effective , accounting standards if currently adopted would have a material effect on the accompanying financial statements , other than any that were disclosed in prior Company filings with the SEC . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | NOTE 5 - PROPERTY AND EQUIPMENT The components of property and equipment consisted of the following : Depreciation expense for the three months ended May 31 , 2016 and May 31 , 2015 amounted to $ 18,974 and $ 47,483 , respectively . | {'Depreciation': ['18,974', '47,483']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Depreciation expense for the six months ended May 31 , 2016 and May 31 , 2015 amounted to $ 38,919 and $ 104,790 , respectively . | {'Depreciation': ['38,919', '104,790']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | NOTE 6 - INTANGIBLE ASSETS Intangible assets consist of owned trademarks and patents for ten product lines . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Patents are amortized on a straight - line basis over their legal life of 17 years . | {'FiniteLivedIntangibleAssetUsefulLife': ['17']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Amortization expense for the three months ended May 31 , 2016 and 2015 amounted to $ 97 and $ 97 , respectively . | {'AmortizationOfIntangibleAssets': ['97', '97']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Amortization expense for the six months ended May 31 , 2016 and May 31 , 2015 amounted to $ 194 and $ 194 , respectively . | {'AmortizationOfIntangibleAssets': ['194', '194']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | NOTE 7 - ACCRUED EXPENSES The following items which exceeded 5 % of total current liabilities are included in accrued expenses as of : 10 TABLE OF CONTENTS CCA INDUSTRIES , INC . AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS * represents less than 5 % as of May 31 , 2016 The following items which exceeded 5 % of total long - term liabilities are included in long term accrued expenses as of : NOTE 8 - DEBT AGREEMENT On December 4 , 2015 ( the “ Closing Date ” ) , CCA Industries , Inc. , a Delaware corporation ( the “ Company ” ) , entered into the Credit and Security Agreement ( the “ Credit Agreement ” ) with SCM Specialty Finance Opportunities Funds , L.P. , an affiliate of CNH Finance , L.P. | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Credit Agreement provides for a line of credit up to a maximum of $ 5,500,000 ( the “ Revolving Loan ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Pursuant to the Credit Agreement , all outstanding amounts under the Revolving Loan bear interest at the 30day LIBOR rate plus 6 % per annum ( currently in the aggregate , 6.21 % per annum ) , payable monthly in arrears . | {'DebtInstrumentBasisSpreadOnVariableRate1': ['6'], 'DebtInstrumentInterestRateEffectivePercentage': ['6.21']} |