XML 28 R71.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Supplemental Guarantor Information (Condensed Consolidated Statements of Operations) (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 9 Months Ended
--- | --- | ---
Aug. 31, 2014 | Aug. 31, 2013 | Aug. 31, 2014 | Aug. 31, 2013
Condensed Consolidated Statements of Operations |  |  |  |  |  |  |  |
Revenues | $ 589,214 |  | $ 548,974 |  | $ 1,604,908 |  | $ 1,478,599 |
Homebuilding: |  |  |  |  |  |  |  |
Revenues | 586,231 |  | 545,800 |  | 1,596,894 |  | 1,470,404 |
Construction and land costs | (479,424) |  | (446,381) |  | (1,305,258) |  | (1,232,644) |
Selling, general and administrative expenses | (72,897) |  | (63,456) |  | (205,715) |  | (192,652) |
Operating income (loss) | 33,910 |  | 35,963 |  | 85,921 |  | 45,108 |
Interest income | 110 |  | 193 |  | 393 |  | 629 |
Interest expense | (6,455) |  | (11,326) |  | (26,289) |  | (41,073) |
Intercompany Interest Income (Expense) | 0 |  | 0 |  | 0 |  | 0 |
Equity in income (loss) of unconsolidated joint ventures |  |  |  |  | 872 |  | (577) |
Total pretax income (loss) | 28,661 |  | 26,578 |  | 66,348 |  | 10,047 |
Income tax benefit (expense) | (300) |  | 700 |  | (800) |  | 1,800 |
Income (Loss) from Subsidiaries, Net of Tax | 0 |  | 0 |  | 0 |  | 0 |
Net income | 28,361 |  | 27,278 |  | 65,548 |  | 11,847 |
KB Home Corporate |  |  |  |  |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |  |  |  |  |
Revenues | 0 |  | 0 |  | 0 |  | 0 |
Homebuilding: |  |  |  |  |  |  |  |
Revenues | 0 |  | 0 |  | 0 |  | 0 |
Construction and land costs | 0 |  | 0 |  | 0 |  | 0 |
Selling, general and administrative expenses | (15,995) |  | (11,203) |  | (47,489) |  | (45,355) |
Operating income (loss) | (15,995) |  | (11,203) |  | (47,489) |  | (45,355) |
Interest income | 109 |  | 178 |  | 385 |  | 607 |
Interest expense | (42,955) |  | (33,140) |  | (122,634) |  | (98,090) |
Intercompany Interest Income (Expense) | 76,512 |  | 52,786 |  | 206,943 |  | 147,343 |
Total pretax income (loss) | 17,671 |  | 8,621 |  | 37,205 |  | 4,505 |
Income tax benefit (expense) | (200) |  | 200 |  | (400) |  | 800 |
Income (Loss) from Subsidiaries, Net of Tax | 10,890 |  | 18,457 |  | 28,743 |  | 6,542 |
Net income | 28,361 |  | 27,278 |  | 65,548 |  | 11,847 |
Guarantor Subsidiaries |  |  |  |  |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |  |  |  |  |
Revenues | 568,996 |  | 533,593 |  | 1,557,252 |  | 1,434,836 |
Homebuilding: |  |  |  |  |  |  |  |
Revenues | 568,996 |  | 533,593 |  | 1,557,252 |  | 1,434,836 |
Construction and land costs | (464,162) |  | (435,168) |  | (1,268,984) |  | (1,200,334) |
Selling, general and administrative expenses | (52,832) |  | (48,706) |  | (146,607) |  | (136,703) |
Operating income (loss) | 52,002 |  | 49,719 |  | 141,661 |  | 97,799 |
Interest income | 1 |  | 15 |  | 7 |  | 18 |
Interest expense | (1,648) |  | (1,204) |  | (4,408) |  | (4,167) |
Intercompany Interest Income (Expense) | (38,359) |  | (29,486) |  | (105,892) |  | (86,909) |
Total pretax income (loss) | 11,245 |  | 18,387 |  | 32,529 |  | 5,082 |
Income tax benefit (expense) | (100) |  | 500 |  | (400) |  | 900 |
Income (Loss) from Subsidiaries, Net of Tax | 0 |  | 0 |  | 0 |  | 0 |
Net income | 11,145 |  | 18,887 |  | 32,129 |  | 5,982 |
Non-Guarantor Subsidiaries |  |  |  |  |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |  |  |  |  |
Revenues | 20,218 |  | 15,381 |  | 47,656 |  | 43,763 |
Homebuilding: |  |  |  |  |  |  |  |
Revenues | 17,235 |  | 12,207 |  | 39,642 |  | 35,568 |
Construction and land costs | (15,262) |  | (11,213) |  | (36,274) |  | (32,310) |
Selling, general and administrative expenses | (4,070) |  | (3,547) |  | (11,619) |  | (10,594) |
Operating income (loss) | (2,097) |  | (2,553) |  | (8,251) |  | (7,336) |
Interest income | 0 |  | 0 |  | 1 |  | 4 |
Interest expense | 0 |  | 0 |  | 0 |  | 0 |
Intercompany Interest Income (Expense) | (5) |  | (282) |  | (298) |  | 750 |
Total pretax income (loss) | (255) |  | (430) |  | (3,386) |  | 460 |
Income tax benefit (expense) | 0 |  | 0 |  | 0 |  | 100 |
Income (Loss) from Subsidiaries, Net of Tax | 0 |  | 0 |  | 0 |  | 0 |
Net income | (255) |  | (430) |  | (3,386) |  | 560 |
Consolidating Adjustments |  |  |  |  |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |  |  |  |  |
Revenues | 0 |  | 0 |  | 0 |  | 0 |
Homebuilding: |  |  |  |  |  |  |  |
Revenues | 0 |  | 0 |  | 0 |  | 0 |
Construction and land costs | 0 |  | 0 |  | 0 |  | 0 |
Selling, general and administrative expenses | 0 |  | 0 |  | 0 |  | 0 |
Operating income (loss) | 0 |  | 0 |  | 0 |  | 0 |
Interest income | 0 |  | 0 |  | 0 |  | 0 |
Interest expense | 38,148 |  | 23,018 |  | 100,753 |  | 61,184 |
Intercompany Interest Income (Expense) | (38,148) |  | (23,018) |  | (100,753) |  | (61,184) |
Total pretax income (loss) | 0 |  | 0 |  | 0 |  | 0 |
Income tax benefit (expense) | 0 |  | 0 |  | 0 |  | 0 |
Income (Loss) from Subsidiaries, Net of Tax | (10,890) |  | (18,457) |  | (28,743) |  | (6,542) |
Net income | (10,890) |  | (18,457) |  | (28,743) |  | (6,542) |
Homebuilding [Member] |  |  |  |  |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |  |  |  |  |
Revenues | 586,231 |  | 545,800 |  | 1,596,894 |  | 1,470,404 |
Homebuilding: |  |  |  |  |  |  |  |
Equity in income (loss) of unconsolidated joint ventures | (751) |  | (656) |  | 1,161 |  | (1,658) |
Total pretax income (loss) | 26,814 |  | 24,174 |  | 61,186 |  | 3,006 |
Homebuilding [Member] | KB Home Corporate |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |
Equity in income (loss) of unconsolidated joint ventures | 0 |  | 0 |  | 0 |  | 0 |
Total pretax income (loss) | 17,671 |  | 8,621 |  | 37,205 |  | 4,505 |
Homebuilding [Member] | Guarantor Subsidiaries |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |
Equity in income (loss) of unconsolidated joint ventures | (751) |  | (657) |  | 1,161 |  | (1,659) |
Total pretax income (loss) | 11,245 |  | 18,387 |  | 32,529 |  | 5,082 |
Homebuilding [Member] | Non-Guarantor Subsidiaries |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |
Equity in income (loss) of unconsolidated joint ventures | 0 |  | 1 |  | 0 |  | 1 |
Total pretax income (loss) | (2,102) |  | (2,834) |  | (8,548) |  | (6,581) |
Homebuilding [Member] | Consolidating Adjustments |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |
Equity in income (loss) of unconsolidated joint ventures | 0 |  | 0 |  | 0 |  | 0 |
Total pretax income (loss) | 0 |  | 0 |  | 0 |  | 0 |
Financial services [Member] |  |  |  |  |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |  |  |  |  |
Revenues | 2,983 |  | 3,174 |  | 8,014 |  | 8,195 |
Homebuilding: |  |  |  |  |  |  |  |
Operating income (loss) | 2,124 |  | 2,410 |  | 5,451 |  | 5,960 |
Equity in income (loss) of unconsolidated joint ventures | (277) | [1] | (6) | [1] | (289) | [1] | 1,081 | [1]
Total pretax income (loss) | 1,847 |  | 2,404 |  | 5,162 |  | 7,041 |
Financial services [Member] | KB Home Corporate |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |
Total pretax income (loss) | 0 |  | 0 |  | 0 |  | 0 |
Financial services [Member] | Guarantor Subsidiaries |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |
Total pretax income (loss) | 0 |  | 0 |  | 0 |  | 0 |
Financial services [Member] | Non-Guarantor Subsidiaries |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |
Total pretax income (loss) | 1,847 |  | 2,404 |  | 5,162 |  | 7,041 |
Financial services [Member] | Consolidating Adjustments |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |
Total pretax income (loss) | $ 0 |  | $ 0 |  | $ 0 |  | $ 0 |
[1] | (a)Equity in loss of unconsolidated joint ventures for the three months and nine months ended August 31, 2014 primarily related to HCM. Equity in income of unconsolidated joint ventures for the nine months ended August 31, 2013 related to the wind down of KBA Mortgage, LLC (“KBA Mortgage”), our unconsolidated mortgage banking joint venture with a subsidiary of Bank of America, N.A., which ceased offering mortgage banking services in 2011.

X
- Definition Intercompany Interest Income (Expense) + References No definition available. + Details
Name: | kbh_IntercompanyInterestIncomeExpense
Namespace Prefix: | kbh_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate costs related to construction and development services during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_ConstructionAndDevelopmentCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Revenue related to the sale of homes and home building activities including design, development, general contracting, and renovation services for residential buildings, including single-family houses, multifamily housing, townhouses, apartments, and modular housing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_HomeBuildingRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 9 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=16385135&loc=d3e33749-111570 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.12) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 11 -Article 7 + Details
Name: | us-gaap_IncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. + References No definition available. + Details
Name: | us-gaap_IncomeLossFromSubsidiariesNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Income Tax Expense (or Benefit) -URI http://asc.fasb.org/extlink&oid=6515339 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 9 -Article 9 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(b)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_InvestmentIncomeInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=6519514 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=6518256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -SubTopic 10 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6386349&loc=d3e3636-108311 + Details
Name: | us-gaap_SellingGeneralAndAdministrativeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration