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.