Financial Services

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,
	2014			2013			2014			2013
Revenues
Insurance commissions	$	4,364		$	4,677		$	1,832		$	1,887
Title services	2,503			2,165			904			836
Marketing services fees	1,147			1,350			247			450
Interest income	—			3			—			1
Total	8,014			8,195			2,983			3,174
Expenses
General and administrative	(2,563		)	(2,235		)	(859		)	(764		)
Operating income	5,451			5,960			2,124			2,410
Equity in income (loss) of unconsolidated joint ventures (a)	(289		)	1,081			(277		)	(6		)
Pretax income	$	5,162		$	7,041		$	1,847		$	2,404

(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.



	August 31, 2014		November 30, 2013
Assets
Cash and cash equivalents	$	1,950	$	2,428
Receivables	956		2,084
Investments in unconsolidated joint ventures	5,180		5,490
Other assets	277		38
Total assets	$	8,363	$	10,040
Liabilities
Accounts payable and accrued expenses	$	1,802	$	2,593
Total liabilities	$	1,802	$	2,593