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Investments in Unconsolidated Joint Ventures (Tables) | 12 Months Ended
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Nov. 30, 2011
Investments in Unconsolidated Joint Ventures [Abstract] |
Statements of operations of unconsolidated joint ventures |
|  | Years Ended November 30, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Revenues |  | $ | 230 |  |  | $ | 122,200 |  |  | $ | 60,790 |
Construction and land costs |  |  | (54 | ) |  |  | (120,010 | ) |  |  | (117,255 | )
Other expenses, net |  |  | (4,506 | ) |  |  | (19,362 | ) |  |  | (46,432 | )
Loss |  | $ | (4,330 | ) |  | $ | (17,172 | ) |  | $ | (102,897 | )
Balance sheets of unconsolidated joint ventures |
|  | November 30, |
|  | 2011 |  |  | 2010 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 8,923 |  |  | $ | 14,947 |
Receivables |  |  | 19,503 |  |  |  | 147,025 |
Inventories |  |  | 368,306 |  |  |  | 575,632 |
Other assets |  |  | 151 |  |  |  | 51,755 |
Total assets |  | $ | 396,883 |  |  | $ | 789,359 |
Liabilities and equity |  |  |  |  |  |  |  |
Accounts payable and other liabilities |  | $ | 96,981 |  |  | $ | 113,478 |
Mortgages and notes payable |  |  | — |  |  |  | 327,856 |
Equity |  |  | 299,902 |  |  |  | 348,025 |
Total liabilities and equity |  | $ | 396,883 |  |  | $ | 789,359 |
Information related investments in unconsolidated joint ventures |
|  | November 30, |
|  | 2011 |  |  | 2010 |
Number of investments in unconsolidated joint ventures: |  |  |  |  |  |  |  |
South Edge (a) |  |  | — |  |  |  | 1 |
Other (b) |  |  | 8 |  |  |  | 9 |
Total |  |  | 8 |  |  |  | 10 |
Investments in unconsolidated joint ventures: |  |  |  |  |  |  |  |
South Edge (a) |  | $ | — |  |  | $ | 55,269 |
Other (b) |  |  | 127,926 |  |  |  | 50,314 |
Total |  | $ | 127,926 |  |  | $ | 105,583 |
Outstanding debt of unconsolidated joint ventures: |  |  |  |  |  |  |  |
South Edge (a) |  | $ | — |  |  | $ | 327,856 |
(a) | During the first quarter of 2011, the Company wrote off its remaining investment in South Edge. The Company also recorded an estimate of the probable net payment obligation it would pay to the Administrative Agent (on behalf of the South Edge lenders) related to the Springing Guaranty. The Company updated its estimate in each subsequent quarter of 2011, and paid its obligation in the fourth quarter of 2011 in connection with the South Edge Plan. Therefore, data related to South Edge is not reflected in the table as of November 30, 2011.
(b) | The Company’s investments in unconsolidated joint ventures as of November 30, 2011 includes Inspirada Builders, LLC. The Company’s investment of $75.5 million in this unconsolidated joint venture consists of $75.2 million, the estimated fair value as of November 30, 2011 of the Company’s share of the land the venture holds, and a $.3 million initial capital contribution to fund the venture’s operations.

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- Definition Balance sheets of unconsolidated joint ventures. + References No definition available. + Details
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- Definition Statements of operations of unconsolidated joint ventures. + References No definition available. + Details
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- Definition Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
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