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Investments in Unconsolidated Joint Ventures (Tables)
6 Months Ended
May 31, 2012
Investments in Unconsolidated Joint Ventures [Abstract]  
Statements of operations of unconsolidated joint ventures
                                 
    Six Months Ended May 31,     Three Months Ended May 31,  
    2012     2011     2012     2011  

Revenues

  $ —       $ 230     $ —       $ —    

Construction and land costs

    6       (201     —         21  

Other expenses, net

    (749     (4,605     (288     (238
   

 

 

   

 

 

   

 

 

   

 

 

 

Loss

  $ (743   $ (4,576   $ (288   $ (217
   

 

 

   

 

 

   

 

 

   

 

 

 
Balance sheets of unconsolidated joint ventures
                 
    May  31,
2012
    November 30,
2011
 

Assets

               

Cash

  $ 24,060     $ 8,923  

Receivables

    12,009       19,503  

Inventories

    360,007       368,306  

Other assets

    150       151  
   

 

 

   

 

 

 

Total assets

  $ 396,226     $ 396,883  
   

 

 

   

 

 

 

Liabilities and equity

               

Accounts payable and other liabilities

  $ 93,990     $ 96,981  

Equity

    302,236       299,902  
   

 

 

   

 

 

 

Total liabilities and equity

  $ 396,226     $ 396,883  
   

 

 

   

 

 

 
Information related investments in unconsolidated joint ventures
                 
    May 31,
2012
    November 30,
2011
 

Number of investments in unconsolidated joint ventures (a)

    8       8  
   

 

 

   

 

 

 

Investments in unconsolidated joint ventures (a)

  $ 121,408     $ 127,926  
   

 

 

   

 

 

 

 

(a) The Company’s investments in unconsolidated joint ventures as of May 31, 2012 and November 30, 2011 include Inspirada Builders, LLC, an unconsolidated joint venture that was formed in 2011 in connection with the South Edge Plan (as defined below) and in which a wholly owned subsidiary of the Company is a member. As part of the South Edge Plan, land previously owned by South Edge was transferred to Inspirada Builders, LLC in November 2011. The Company anticipates that it will acquire its share of the land from Inspirada Builders, LLC through a future distribution.