XML 41 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Services
 6 Months Ended
May 31, 2012
Segment Information and Financial Services [Abstract]  
Financial Services
4. Financial Services

The following tables present financial information relating to the Company’s financial services reporting segment (in thousands):

 

                                 
    Six Months Ended May 31,     Three Months Ended May 31,  
    2012     2011     2012     2011  

Revenues

                                

Insurance commissions

   $ 2,754     $ 2,586     $ 1,154     $ 1,333  

Title services

     878       803       492       419  

Marketing services fees

     1,275       —         600       —    

Interest income

     3       5       1       3  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total

     4,910       3,394       2,247       1,755  
         

Expenses

                                

General and administrative

     (1,528 )      (1,652 )      (693 )      (787 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Operating income

     3,382       1,742       1,554       968  

Equity in income (loss) of unconsolidated joint venture

     89       512       (53 )      661  
   

 

 

    

 

 

    

 

 

    

 

 

  

Pretax income

   $ 3,471     $ 2,254     $ 1,501     $ 1,629  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

 

                 
    May 31,
2012		     November 30,
2011		  

Assets

                

Cash and cash equivalents

   $ 3,703     $ 3,024  

Receivables (a)

     851       25,495  

Investment in unconsolidated joint venture

     3,728       3,639  

Other assets

     10       15  
   

 

 

    

 

 

  

Total assets

   $ 8,292     $ 32,173  
   

 

 

    

 

 

  

Liabilities

                

Accounts payable and accrued expenses

   $ 5,501     $ 7,494  
   

 

 

    

 

 

  

Total liabilities

   $ 5,501     $ 7,494  
   

 

 

    

 

 

  

 

(a) In December 2011, the Company collected a $23.5 million receivable it established in the fourth quarter of 2011 in connection with the wind down of KBA Mortgage’s business operations.