XML 44 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments in Unconsolidated Joint Ventures (Tables)
 3 Months Ended
Feb. 28, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Statements of Operations of Unconsolidated Joint Ventures
The following table presents combined condensed information from the statements of operations of our unconsolidated joint ventures (in thousands):
 
 
Three Months Ended February 28,
 
 
2014
 
2013
Revenues
 
$
6,118

 
$
—

Construction and land costs
 
(3,523
)
 
—

Other expenses, net
 
(1,130
)
 
(855
)
Income (loss)
 
$
1,465

 
$
(855
)
Balance Sheets of Unconsolidated Joint Ventures
The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
 
February 28,
2014
 
November 30,
2013
Assets
 
 
 
Cash
$
17,958

 
$
18,752

Receivables
4,619

 
4,902

Inventories
165,133

 
381,195

Other assets
149

 
1,183

Total assets
$
187,859

 
$
406,032

Liabilities and equity
 
 
 
Accounts payable and other liabilities
$
22,843

 
$
85,386

Equity
165,016

 
320,646

Total liabilities and equity
$
187,859

 
$
406,032
Information Related Investments in Unconsolidated Joint Ventures
The following table presents information relating to our investments in unconsolidated joint ventures (dollars in thousands):
 
February 28,
2014
 
November 30,
2013
Number of investments in unconsolidated joint ventures
7

 
9

Investments in unconsolidated joint ventures
$
60,648

 
$
130,192

Number of unconsolidated joint venture lots controlled under land option contracts or other similar contracts
673

 
5,367