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Income Taxes (Tables) | 12 Months Ended
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Nov. 30, 2013
Income Tax Disclosure [Abstract] |
Component of income tax benefit (expense) in the consolidated statement of operations | The components of income tax benefit (expense) in the consolidated statements of operations are as follows (in thousands):
| Federal |  | State |  | Total
2013 |  |  |  |  |
Current | $ | — |  |  | $ | 1,600 |  |  | $ | 1,600 |
Deferred | — |  |  | — |  |  | — |
Income tax benefit | $ | — |  |  | $ | 1,600 |  |  | $ | 1,600 |
2012 |  |  |  |  |
Current | $ | 16,500 |  |  | $ | 3,600 |  |  | $ | 20,100 |
Deferred | — |  |  | — |  |  | — |
Income tax benefit | $ | 16,500 |  |  | $ | 3,600 |  |  | $ | 20,100 |
2011 |  |  |  |  |
Current | $ | 2,600 |  |  | $ | (200 | ) |  | $ | 2,400 |
Deferred | — |  |  | — |  |  | — |
Income tax benefit (expense) | $ | 2,600 |  |  | $ | (200 | ) |  | $ | 2,400 |
Components of deferred tax liabilities and assets | Significant components of our deferred tax liabilities and assets are as follows (in thousands):
| November 30,
| 2013 |  | 2012
Deferred tax liabilities: |  |  |
Capitalized expenses | $ | 87,599 |  |  | $ | 76,112 |
State taxes | 62,884 |  |  | 64,577 |
Depreciation and amortization | 300 |  |  | — |
Other | 208 |  |  | 218 |
Total | $ | 150,991 |  |  | $ | 140,907 |
Deferred tax assets: |  |  |
Inventory impairments and land option contract abandonments | $ | 110,745 |  |  | $ | 132,099 |
NOL from 2006 through 2013 | 459,885 |  |  | 442,621 |
Warranty, legal and other accruals | 50,110 |  |  | 54,744 |
Employee benefits | 73,039 |  |  | 68,644 |
Partnerships and joint ventures | 122,081 |  |  | 132,851 |
Depreciation and amortization | — |  |  | 7,467 |
Capitalized expenses | 9,359 |  |  | 6,646 |
Tax credits | 173,289 |  |  | 169,173 |
Deferred income | 656 |  |  | 668 |
Other | 11,267 |  |  | 6,107 |
Total | 1,010,431 |  |  | 1,021,020 |
Valuation allowance | (859,440 | ) |  | (880,113 | )
Total | 150,991 |  |  | 140,907 |
Net deferred tax assets | $ | — |  |  | $ | — |
Income tax benefit computed at the statutory U.S. federal income tax rate and income tax benefit (expense) provided in the consolidated statements of operations | The income tax benefit (expense) computed at the statutory U.S. federal income tax rate and the income tax benefit provided in the consolidated statements of operations differ as follows (in thousands):
| Years Ended November 30,
| 2013 |  | 2012 |  | 2011
Income tax benefit (expense) computed at statutory rate | $ | (13,427 | ) |  | $ | 27,672 |  |  | $ | 63,397 |
State taxes, net of federal income tax benefit | (1,947 | ) |  | 9,948 |  |  | 4,691 |
Reserve and deferred income | (1,808 | ) |  | (9,146 | ) |  | (1,161 | )
Capitalized expenses | — |  |  | 7,960 |  |  | (3,501 | )
Basis in joint ventures | (9,598 | ) |  | 42,503 |  |  | 4,401 |
NOL reconciliation | (3,806 | ) |  | (5,345 | ) |  | 715 |
Inventory impairments | 2,827 |  |  | (59,401 | ) |  | (1,852 | )
Recognition of federal and state tax benefits | 1,600 |  |  | 17,650 |  |  | 2,600 |
Tax credits | 2,675 |  |  | 17,889 |  |  | 5,477 |
Valuation allowance for deferred tax assets | 20,673 |  |  | (32,286 | ) |  | (76,747 | )
Depreciation and amortization | 4,523 |  |  | 2,482 |  |  | — |
Other, net | (112 | ) |  | 174 |  |  | 4,380 |
Income tax benefit | $ | 1,600 |  |  | $ | 20,100 |  |  | $ | 2,400 |
Reconciliation of the beginning and ending balances of the gross unrecognized benefits | A reconciliation of the beginning and ending balances of the gross unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):
| Years Ended November 30,
| 2013 |  | 2012 |  | 2011
Balance at beginning of year | $ | 1,671 |  |  | $ | 1,899 |  |  | $ | 11,308 |
Additions for tax positions related to prior years | — |  |  | — |  |  | 5 |
Reductions for tax positions related to prior years | — |  |  | (165 | ) |  | — |
Reductions due to lapse of statute of limitations | (1,465 | ) |  | (63 | ) |  | (2,476 | )
Reductions due to resolution of federal and state audits | — |  |  | — |  |  | (6,938 | )
Balance at end of year | $ | 206 |  |  | $ | 1,671 |  |  | $ | 1,899 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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