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Financial Services (Tables)
 9 Months Ended
Aug. 31, 2013
Segment Reporting Information [Line Items]  
Schedule of Financial Services Income (Loss)
Condensed Consolidating Statement of Operations
Nine Months Ended August 31, 2013 (in thousands) 
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Revenues
$
—

 
$
1,306,981

 
$
171,618

 
$
—

 
$
1,478,599

Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
—

 
$
1,306,981

 
$
163,423

 
$
—

 
$
1,470,404

Construction and land costs
—

 
(1,092,603
)
 
(140,041
)
 
—

 
(1,232,644
)
Selling, general and administrative expenses
(45,355
)
 
(122,817
)
 
(24,480
)
 
—

 
(192,652
)
Operating income (loss)
(45,355
)
 
91,561

 
(1,098
)
 
—

 
45,108

Interest income
607

 
17

 
5

 
—

 
629

Interest expense
49,253

 
(85,644
)
 
(4,682
)
 
—

 
(41,073
)
Equity in loss of unconsolidated joint ventures
—

 
(1,656
)
 
(2
)
 
—

 
(1,658
)
Homebuilding pretax income (loss)
4,505

 
4,278

 
(5,777
)
 
—

 
3,006

Financial services pretax income
—

 
—

 
7,041

 
—

 
7,041

Total pretax income
4,505

 
4,278

 
1,264

 
—

 
10,047

Income tax benefit
800

 
800

 
200

 
—

 
1,800

Equity in net income of subsidiaries
6,542

 
—

 
—

 
(6,542
)
 
—

Net income
$
11,847

 
$
5,078

 
$
1,464

 
$
(6,542
)
 
$
11,847


Revised Condensed Consolidating Statement of Operations
Nine Months Ended August 31, 2012 (in thousands)
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Revenues
$
—

 
$
869,357

 
$
112,557

 
$
—

 
$
981,914

Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
—

 
$
869,357

 
$
104,698

 
$
—

 
$
974,055

Construction and land costs
—

 
(746,456
)
 
(89,773
)
 
—

 
(836,229
)
Selling, general and administrative expenses
(45,480
)
 
(107,471
)
 
(20,693
)
 
—

 
(173,644
)
Operating income (loss)
(45,480
)
 
15,430

 
(5,768
)
 
—

 
(35,818
)
Interest income
332

 
5

 
26

 
—

 
363

Interest expense
37,026

 
(86,597
)
 
(4,244
)
 
—

 
(53,815
)
Equity in loss of unconsolidated joint ventures
—

 
(36
)
 
(1
)
 
—

 
(37
)
Homebuilding pretax loss
(8,122
)
 
(71,198
)
 
(9,987
)
 
—

 
(89,307
)
Financial services pretax income
—

 
—

 
7,830

 
—

 
7,830

Total pretax loss
(8,122
)
 
(71,198
)
 
(2,157
)
 
—

 
(81,477
)
Income tax benefit
1,600

 
12,800

 
400

 
—

 
14,800

Equity in net loss of subsidiaries
(60,155
)
 
—

 
—

 
60,155

 
—

Net loss
$
(66,677
)
 
$
(58,398
)
 
$
(1,757
)
 
$
60,155

 
$
(66,677
)



Condensed Consolidating Statement of Operations
Three Months Ended August 31, 2013 (in thousands)
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Revenues
$
—

 
$
480,069

 
$
68,905

 
$
—

 
$
548,974

Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
—

 
$
480,069

 
$
65,731

 
$
—

 
$
545,800

Construction and land costs
—

 
(390,567
)
 
(55,814
)
 
—

 
(446,381
)
Selling, general and administrative expenses
(11,203
)
 
(43,691
)
 
(8,562
)
 
—

 
(63,456
)
Operating income (loss)
(11,203
)
 
45,811

 
1,355

 
—

 
35,963

Interest income
178

 
15

 
—

 
—

 
193

Interest expense
19,646

 
(28,778
)
 
(2,194
)
 
—

 
(11,326
)
Equity in income (loss) of unconsolidated joint ventures
—

 
(657
)
 
1

 
—

 
(656
)
Homebuilding pretax income (loss)
8,621

 
16,391

 
(838
)
 
—

 
24,174

Financial services pretax income
—

 
—

 
2,404

 
—

 
2,404

Total pretax income
8,621

 
16,391

 
1,566

 
—

 
26,578

Income tax benefit
200

 
500

 
—

 
—

 
700

Equity in net income of subsidiaries
18,457

 
—

 
—

 
(18,457
)
 
—

Net income
$
27,278

 
$
16,891

 
$
1,566

 
$
(18,457
)
 
$
27,278

 
Revised Condensed Consolidating Statement of Operations
Three Months Ended August 31, 2012 (in thousands)

 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Revenues
$
—

 
$
380,165

 
$
44,339

 
$
—

 
$
424,504

Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
—

 
$
380,165

 
$
41,390

 
$
—

 
$
421,555

Construction and land costs
—

 
(313,469
)
 
(37,887
)
 
—

 
(351,356
)
Selling, general and administrative expenses
(16,546
)
 
(37,705
)
 
(5,081
)
 
—

 
(59,332
)
Operating income (loss)
(16,546
)
 
28,991

 
(1,578
)
 
—

 
10,867

Interest income
107

 
(1,925
)
 
1,935

 
—

 
117

Interest expense
6,096

 
(27,616
)
 
(1,540
)
 
—

 
(23,060
)
Equity in income of unconsolidated joint ventures
—

 
277

 
1

 
—

 
278

Homebuilding pretax loss
(10,343
)
 
(273
)
 
(1,182
)
 
—

 
(11,798
)
Financial services pretax income
—

 
—

 
4,359

 
—

 
4,359

Total pretax income (loss)
(10,343
)
 
(273
)
 
3,177

 
—

 
(7,439
)
Income tax benefit (expense)
14,900

 
400

 
(4,600
)
 
—

 
10,700

Equity in net loss of subsidiaries
(1,296
)
 
—

 
—

 
1,296

 
—

Net income (loss)
$
3,261

 
$
127

 
$
(1,423
)
 
$
1,296

 
$
3,261
Schedule of Financial Services Assets and Liabilities
 
August 31,
2013
 
November 30,
2012
Assets
 
 
 
Cash and cash equivalents
$
3,151

 
$
923

Receivables
1,336

 
1,859

Investments in unconsolidated joint ventures
5,496

 
1,630

Other assets
52

 
43

Total assets
$
10,035

 
$
4,455

Liabilities
 
 
 
Accounts payable and accrued expenses
$
2,865

 
$
3,188

Total liabilities
$
2,865

 
$
3,188
Financial services [Member]
  
Segment Reporting Information [Line Items]  
Schedule of Financial Services Income (Loss)
The following tables present financial information relating to our financial services reporting segment (in thousands):
 
Nine Months Ended August 31,
 
Three Months Ended August 31,
 
2013
 
2012
 
2013
 
2012
Revenues
 
 
 
 
 
 
 
Insurance commissions
$
4,677

 
$
4,594

 
$
1,887

 
$
1,840

Title services
2,165

 
1,535

 
836

 
657

Marketing services fees
1,350

 
1,725

 
450

 
450

Interest income
3

 
5

 
1

 
2

Total
8,195

 
7,859

 
3,174

 
2,949

Expenses
 
 
 
 
 
 
 
General and administrative
(2,235
)
 
(2,237
)
 
(764
)
 
(709
)
Operating income
5,960

 
5,622

 
2,410

 
2,240

Equity in income (loss) of unconsolidated joint ventures
1,081

 
2,208

 
(6
)
 
2,119

Pretax income
$
7,041

 
$
7,830

 
$
2,404

 
$
4,359