XML 29 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Information (Tables) | 9 Months Ended
--- | ---
Aug. 31, 2014
Segment Reporting [Abstract] |
Financial Information Relating to Company Reporting Segments | The following tables present financial information relating to our segments (in thousands):
|  | Nine Months Ended August 31, |  | Three Months Ended August 31,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Revenues: |  |  |  |  |  |  |  |
West Coast |  | $ | 707,532 |  |  | $ | 746,232 |  |  | $ | 265,491 |  |  | $ | 266,638 |
Southwest |  | 144,597 |  |  | 126,515 |  |  | 50,101 |  |  | 47,437 |
Central |  | 477,518 |  |  | 381,342 |  |  | 179,972 |  |  | 154,545 |
Southeast |  | 267,247 |  |  | 216,315 |  |  | 90,667 |  |  | 77,180 |
Total homebuilding revenues |  | 1,596,894 |  |  | 1,470,404 |  |  | 586,231 |  |  | 545,800 |
Financial services |  | 8,014 |  |  | 8,195 |  |  | 2,983 |  |  | 3,174 |
Total |  | $ | 1,604,908 |  |  | $ | 1,478,599 |  |  | $ | 589,214 |  |  | $ | 548,974 |
Pretax income (loss): |  |  |  |  |  |  |  |
West Coast |  | $ | 93,599 |  |  | $ | 75,469 |  |  | $ | 39,270 |  |  | $ | 37,607 |
Southwest |  | 7,599 |  |  | 2,026 |  |  | 2,543 |  |  | 1,185 |
Central |  | 24,806 |  |  | 11,569 |  |  | 11,514 |  |  | 9,085 |
Southeast |  | (9,881 | ) |  | (35,012 | ) |  | (7,965 | ) |  | (9,920 | )
Corporate and other |  | (54,937 | ) |  | (51,046 | ) |  | (18,548 | ) |  | (13,783 | )
Total homebuilding pretax income |  | 61,186 |  |  | 3,006 |  |  | 26,814 |  |  | 24,174 |
Financial services |  | 5,162 |  |  | 7,041 |  |  | 1,847 |  |  | 2,404 |
Total |  | $ | 66,348 |  |  | $ | 10,047 |  |  | $ | 28,661 |  |  | $ | 26,578 |
Equity in income (loss) of unconsolidated joint ventures: |  |  |  |  |  |  |  |
West Coast |  | $ | (146 | ) |  | $ | (109 | ) |  | $ | (88 | ) |  | $ | (36 | )
Southwest |  | (1,984 | ) |  | (1,919 | ) |  | (663 | ) |  | (755 | )
Central |  | — |  |  | — |  |  | — |  |  | — |
Southeast |  | 3,291 |  |  | 370 |  |  | — |  |  | 135 |
Total |  | $ | 1,161 |  |  | $ | (1,658 | ) |  | $ | (751 | ) |  | $ | (656 | )
Inventory impairment charges: |  |  |  |  |  |  |  |
West Coast |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Southwest |  | — |  |  | — |  |  | — |  |  | — |
Central |  | — |  |  | — |  |  | — |  |  | — |
Southeast |  | 3,408 |  |  | — |  |  | 3,408 |  |  | — |
Total |  | $ | 3,408 |  |  | $ | — |  |  | $ | 3,408 |  |  | $ | — |
|  | Nine Months Ended August 31, |  | Three Months Ended August 31,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Land option contract abandonments: |  |  |  |  |  |  |  |
West Coast |  | $ | 554 |  |  | $ | 284 |  |  | $ | 451 |  |  | $ | — |
Southwest |  | — |  |  | — |  |  | — |  |  | — |
Central |  | 995 |  |  | — |  |  | 562 |  |  | — |
Southeast |  | 254 |  |  | — |  |  | — |  |  | — |
Total |  | $ | 1,803 |  |  | $ | 284 |  |  | $ | 1,013 |  |  | $ | — |
| August 31, 2014 |  | November 30, 2013
Inventories: |  |  |
Homes under construction |  |  |
West Coast | $ | 564,945 |  |  | $ | 275,516 |
Southwest | 55,003 |  |  | 39,661 |
Central | 213,011 |  |  | 157,572 |
Southeast | 149,646 |  |  | 113,690 |
Subtotal | 982,605 |  |  | 586,439 |
Land under development |  |  |
West Coast | 744,570 |  |  | 560,032 |
Southwest | 332,056 |  |  | 106,654 |
Central | 340,340 |  |  | 238,311 |
Southeast | 224,035 |  |  | 161,919 |
Subtotal | 1,641,001 |  |  | 1,066,916 |
Land held for future development |  |  |
West Coast | 332,000 |  |  | 308,636 |
Southwest | 129,394 |  |  | 157,924 |
Central | 24,357 |  |  | 15,193 |
Southeast | 130,963 |  |  | 163,469 |
Subtotal | 616,714 |  |  | 645,222 |
Total | $ | 3,240,320 |  |  | $ | 2,298,577 |
| August 31, 2014 |  | November 30, 2013
Investments in unconsolidated joint ventures: |  |  |
West Coast | $ | 54,673 |  |  | $ | 40,246 |
Southwest | 16,433 |  |  | 80,877 |
Central | — |  |  | — |
Southeast | 2,501 |  |  | 9,069 |
Total | $ | 73,607 |  |  | $ | 130,192 |
Assets: |  |  |
West Coast | $ | 1,755,721 |  |  | $ | 1,230,761 |
Southwest | 554,082 |  |  | 402,443 |
Central | 656,333 |  |  | 465,547 |
Southeast | 536,251 |  |  | 456,965 |
Corporate and other | 376,641 |  |  | 627,879 |
Total homebuilding assets | 3,879,028 |  |  | 3,183,595 |
Financial services | 8,363 |  |  | 10,040 |
Total | $ | 3,887,391 |  |  | $ | 3,193,635 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration