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Supplemental Guarantor Information (Tables) | 9 Months Ended
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Aug. 31, 2015
Guarantees [Abstract] |
Condensed Consolidated Statements of Operations | Condensed Consolidating Statements of Operations (in thousands)
| Nine Months Ended August 31, 2015
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Revenues | $ | — |  |  | $ | 1,866,015 |  |  | $ | 180,232 |  |  | $ | — |  |  | $ | 2,046,247 |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | — |  |  | $ | 1,866,015 |  |  | $ | 172,881 |  |  | $ | — |  |  | $ | 2,038,896 |
Construction and land costs | — |  |  | (1,566,720 | ) |  | (159,256 | ) |  | — |  |  | (1,725,976 | )
Selling, general and administrative expenses | (63,886 | ) |  | (158,403 | ) |  | (22,389 | ) |  | — |  |  | (244,678 | )
Operating income (loss) | (63,886 | ) |  | 140,892 |  |  | (8,764 | ) |  | — |  |  | 68,242 |
Interest income | 337 |  |  | 3 |  |  | 2 |  |  | — |  |  | 342 |
Interest expense | (136,292 | ) |  | (4,497 | ) |  | — |  |  | 122,939 |  |  | (17,850 | )
Intercompany interest | 218,684 |  |  | (88,780 | ) |  | (6,965 | ) |  | (122,939 | ) |  | — |
Equity in loss of unconsolidated joint ventures | — |  |  | (1,180 | ) |  | — |  |  | — |  |  | (1,180 | )
Homebuilding pretax income (loss) | 18,843 |  |  | 46,438 |  |  | (15,727 | ) |  | — |  |  | 49,554 |
Financial services pretax income | — |  |  | — |  |  | 7,572 |  |  | — |  |  | 7,572 |
Total pretax income (loss) | 18,843 |  |  | 46,438 |  |  | (8,155 | ) |  | — |  |  | 57,126 |
Income tax benefit (expense) | 2,900 |  |  | (18,700 | ) |  | (700 | ) |  | — |  |  | (16,500 | )
Equity in net income of subsidiaries | 18,883 |  |  | — |  |  | — |  |  | (18,883 | ) |  | — |
Net income (loss) | $ | 40,626 |  |  | $ | 27,738 |  |  | $ | (8,855 | ) |  | $ | (18,883 | ) |  | $ | 40,626 |
| Nine Months Ended August 31, 2014
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Revenues | $ | — |  |  | $ | 1,436,822 |  |  | $ | 168,086 |  |  | $ | — |  |  | $ | 1,604,908 |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | — |  |  | $ | 1,436,822 |  |  | $ | 160,072 |  |  | $ | — |  |  | $ | 1,596,894 |
Construction and land costs | — |  |  | (1,167,762 | ) |  | (137,496 | ) |  | — |  |  | (1,305,258 | )
Selling, general and administrative expenses | (47,489 | ) |  | (131,443 | ) |  | (26,783 | ) |  | — |  |  | (205,715 | )
Operating income (loss) | (47,489 | ) |  | 137,617 |  |  | (4,207 | ) |  | — |  |  | 85,921 |
Interest income | 385 |  |  | 7 |  |  | 1 |  |  | — |  |  | 393 |
Interest expense | (122,634 | ) |  | (4,408 | ) |  | — |  |  | 100,753 |  |  | (26,289 | )
Intercompany interest | 206,943 |  |  | (99,077 | ) |  | (7,113 | ) |  | (100,753 | ) |  | — |
Equity in income (loss) of unconsolidated joint ventures | — |  |  | (2,132 | ) |  | 3,293 |  |  | — |  |  | 1,161 |
Homebuilding pretax income (loss) | 37,205 |  |  | 32,007 |  |  | (8,026 | ) |  | — |  |  | 61,186 |
Financial services pretax income | — |  |  | — |  |  | 5,162 |  |  | — |  |  | 5,162 |
Total pretax income (loss) | 37,205 |  |  | 32,007 |  |  | (2,864 | ) |  | — |  |  | 66,348 |
Income tax expense | (100 | ) |  | (600 | ) |  | (100 | ) |  | — |  |  | (800 | )
Equity in net income of subsidiaries | 28,443 |  |  | — |  |  | — |  |  | (28,443 | ) |  | — |
Net income (loss) | $ | 65,548 |  |  | $ | 31,407 |  |  | $ | (2,964 | ) |  | $ | (28,443 | ) |  | $ | 65,548 |
| Three Months Ended August 31, 2015
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Revenues | $ | — |  |  | $ | 761,783 |  |  | $ | 81,374 |  |  | $ | — |  |  | $ | 843,157 |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | — |  |  | $ | 761,783 |  |  | $ | 78,421 |  |  | $ | — |  |  | $ | 840,204 |
Construction and land costs | — |  |  | (638,451 | ) |  | (70,697 | ) |  | — |  |  | (709,148 | )
Selling, general and administrative expenses | (28,540 | ) |  | (58,137 | ) |  | (8,397 | ) |  | — |  |  | (95,074 | )
Operating income (loss) | (28,540 | ) |  | 65,195 |  |  | (673 | ) |  | — |  |  | 35,982 |
Interest income | 86 |  |  | 1 |  |  | — |  |  | — |  |  | 87 |
Interest expense | (45,040 | ) |  | (1,547 | ) |  | — |  |  | 42,193 |  |  | (4,394 | )
Intercompany interest | 74,501 |  |  | (30,203 | ) |  | (2,105 | ) |  | (42,193 | ) |  | — |
Equity in loss of unconsolidated joint ventures | — |  |  | (422 | ) |  | — |  |  | — |  |  | (422 | )
Homebuilding pretax income (loss) | 1,007 |  |  | 33,024 |  |  | (2,778 | ) |  | — |  |  | 31,253 |
Financial services pretax income | — |  |  | — |  |  | 2,701 |  |  | — |  |  | 2,701 |
Total pretax income (loss) | 1,007 |  |  | 33,024 |  |  | (77 | ) |  | — |  |  | 33,954 |
Income tax benefit (expense) | 2,200 |  |  | (12,100 | ) |  | (800 | ) |  | — |  |  | (10,700 | )
Equity in net income of subsidiaries | 20,047 |  |  | — |  |  | — |  |  | (20,047 | ) |  | — |
Net income (loss) | $ | 23,254 |  |  | $ | 20,924 |  |  | $ | (877 | ) |  | $ | (20,047 | ) |  | $ | 23,254 |
| Three Months Ended August 31, 2014
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Revenues | $ | — |  |  | $ | 529,599 |  |  | $ | 59,615 |  |  | $ | — |  |  | $ | 589,214 |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | — |  |  | $ | 529,599 |  |  | $ | 56,632 |  |  | $ | — |  |  | $ | 586,231 |
Construction and land costs | — |  |  | (429,998 | ) |  | (49,426 | ) |  | — |  |  | (479,424 | )
Selling, general and administrative expenses | (15,995 | ) |  | (47,653 | ) |  | (9,249 | ) |  | — |  |  | (72,897 | )
Operating income (loss) | (15,995 | ) |  | 51,948 |  |  | (2,043 | ) |  | — |  |  | 33,910 |
Interest income | 109 |  |  | 1 |  |  | — |  |  | — |  |  | 110 |
Interest expense | (42,955 | ) |  | (1,648 | ) |  | — |  |  | 38,148 |  |  | (6,455 | )
Intercompany interest | 76,512 |  |  | (35,728 | ) |  | (2,636 | ) |  | (38,148 | ) |  | — |
Equity in loss of unconsolidated joint ventures | — |  |  | (751 | ) |  | — |  |  | — |  |  | (751 | )
Homebuilding pretax income (loss) | 17,671 |  |  | 13,822 |  |  | (4,679 | ) |  | — |  |  | 26,814 |
Financial services pretax income | — |  |  | — |  |  | 1,847 |  |  | — |  |  | 1,847 |
Total pretax income (loss) | 17,671 |  |  | 13,822 |  |  | (2,832 | ) |  | — |  |  | 28,661 |
Income tax expense | (50 | ) |  | (200 | ) |  | (50 | ) |  | — |  |  | (300 | )
Equity in net income of subsidiaries | 10,740 |  |  | — |  |  | — |  |  | (10,740 | ) |  | — |
Net income (loss) | $ | 28,361 |  |  | $ | 13,622 |  |  | $ | (2,882 | ) |  | $ | (10,740 | ) |  | $ | 28,361 |
Condensed Consolidated Balance Sheets | Condensed Consolidating Balance Sheets (in thousands)
| August 31, 2015
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Assets |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 288,869 |  |  | $ | 60,271 |  |  | $ | 3,812 |  |  | $ | — |  |  | $ | 352,952 |
Restricted cash | 25,028 |  |  | — |  |  | — |  |  | — |  |  | 25,028 |
Receivables | 284 |  |  | 156,354 |  |  | 2,938 |  |  | — |  |  | 159,576 |
Inventories | — |  |  | 3,163,292 |  |  | 238,445 |  |  | — |  |  | 3,401,737 |
Investments in unconsolidated joint ventures | — |  |  | 72,800 |  |  | — |  |  | — |  |  | 72,800 |
Deferred tax assets, net | 218,954 |  |  | 534,728 |  |  | 56,334 |  |  | — |  |  | 810,016 |
Other assets | 98,917 |  |  | 13,448 |  |  | 1,987 |  |  | — |  |  | 114,352 |
| 632,052 |  |  | 4,000,893 |  |  | 303,516 |  |  | — |  |  | 4,936,461 |
Financial services | — |  |  | — |  |  | 12,035 |  |  | — |  |  | 12,035 |
Intercompany receivables | 3,663,944 |  |  | — |  |  | 104,306 |  |  | (3,768,250 | ) |  | — |
Investments in subsidiaries | 71,219 |  |  | — |  |  | — |  |  | (71,219 | ) |  | — |
Total assets | $ | 4,367,215 |  |  | $ | 4,000,893 |  |  | $ | 419,857 |  |  | $ | (3,839,469 | ) |  | $ | 4,948,496 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 144,782 |  |  | $ | 426,452 |  |  | $ | 104,528 |  |  | $ | — |  |  | $ | 675,762 |
Notes payable | 2,564,378 |  |  | 66,354 |  |  | — |  |  | — |  |  | 2,630,732 |
| 2,709,160 |  |  | 492,806 |  |  | 104,528 |  |  | — |  |  | 3,306,494 |
Financial services | — |  |  | — |  |  | 1,776 |  |  | — |  |  | 1,776 |
Intercompany payables | 17,829 |  |  | 3,475,060 |  |  | 275,361 |  |  | (3,768,250 | ) |  | — |
Stockholders’ equity | 1,640,226 |  |  | 33,027 |  |  | 38,192 |  |  | (71,219 | ) |  | 1,640,226 |
Total liabilities and stockholders’ equity | $ | 4,367,215 |  |  | $ | 4,000,893 |  |  | $ | 419,857 |  |  | $ | (3,839,469 | ) |  | $ | 4,948,496 |
| November 30, 2014
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Assets |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 303,280 |  |  | $ | 38,124 |  |  | $ | 14,962 |  |  | $ | — |  |  | $ | 356,366 |
Restricted cash | 27,235 |  |  | — |  |  | — |  |  | — |  |  | 27,235 |
Receivables | 15 |  |  | 123,024 |  |  | 2,449 |  |  | — |  |  | 125,488 |
Inventories | — |  |  | 2,980,056 |  |  | 238,331 |  |  | — |  |  | 3,218,387 |
Investments in unconsolidated joint ventures | — |  |  | 79,441 |  |  | — |  |  | — |  |  | 79,441 |
Deferred tax assets, net | 215,923 |  |  | 552,653 |  |  | 56,656 |  |  | — |  |  | 825,232 |
Other assets | 99,099 |  |  | 13,922 |  |  | 1,894 |  |  | — |  |  | 114,915 |
| 645,552 |  |  | 3,787,220 |  |  | 314,292 |  |  | — |  |  | 4,747,064 |
Financial services | — |  |  | — |  |  | 10,486 |  |  | — |  |  | 10,486 |
Intercompany receivables | 3,582,612 |  |  | — |  |  | 112,919 |  |  | (3,695,531 | ) |  | — |
Investments in subsidiaries | 39,356 |  |  | — |  |  | — |  |  | (39,356 | ) |  | — |
Total assets | $ | 4,267,520 |  |  | $ | 3,787,220 |  |  | $ | 437,697 |  |  | $ | (3,734,887 | ) |  | $ | 4,757,550 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 138,298 |  |  | $ | 331,361 |  |  | $ | 112,939 |  |  | $ | — |  |  | $ | 582,598 |
Notes payable | 2,513,165 |  |  | 63,360 |  |  | — |  |  | — |  |  | 2,576,525 |
| 2,651,463 |  |  | 394,721 |  |  | 112,939 |  |  | — |  |  | 3,159,123 |
Financial services | — |  |  | — |  |  | 2,517 |  |  | — |  |  | 2,517 |
Intercompany payables | 20,147 |  |  | 3,392,499 |  |  | 282,885 |  |  | (3,695,531 | ) |  | — |
Stockholders’ equity | 1,595,910 |  |  | — |  |  | 39,356 |  |  | (39,356 | ) |  | 1,595,910 |
Total liabilities and stockholders’ equity | $ | 4,267,520 |  |  | $ | 3,787,220 |  |  | $ | 437,697 |  |  | $ | (3,734,887 | ) |  | $ | 4,757,550 |
Condensed Consolidated Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows (in thousands)
| Nine Months Ended August 31, 2015
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Net cash provided by (used in) operating activities | $ | 41,620 |  |  | $ | (43,447 | ) |  | $ | (20,257 | ) |  | $ | — |  |  | $ | (22,084 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Contributions to unconsolidated joint ventures | — |  |  | (20,954 | ) |  | (1 | ) |  | — |  |  | (20,955 | )
Return of investments in unconsolidated joint ventures | — |  |  | 14,000 |  |  | — |  |  | — |  |  | 14,000 |
Purchases of property and equipment, net | (498 | ) |  | (1,565 | ) |  | (37 | ) |  | — |  |  | (2,100 | )
Intercompany | (96,519 | ) |  | — |  |  | — |  |  | 96,519 |  |  | — |
Net cash used in investing activities | (97,017 | ) |  | (8,519 | ) |  | (38 | ) |  | 96,519 |  |  | (9,055 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Change in restricted cash | 2,207 |  |  | — |  |  | — |  |  | — |  |  | 2,207 |
Proceeds from issuance of debt | 250,000 |  |  | — |  |  | — |  |  | — |  |  | 250,000 |
Payment of debt issuance costs | (4,561 | ) |  | — |  |  | — |  |  | — |  |  | (4,561 | )
Repayment of senior notes | (199,906 | ) |  | — |  |  | — |  |  | — |  |  | (199,906 | )
Payments on mortgages and land contracts due to land sellers and other loans | — |  |  | (13,736 | ) |  | — |  |  | — |  |  | (13,736 | )
Issuance of common stock under employee stock plans | 436 |  |  | — |  |  | — |  |  | — |  |  | 436 |
Payments of cash dividends | (6,890 | ) |  | — |  |  | — |  |  | — |  |  | (6,890 | )
Stock repurchases | (300 | ) |  | — |  |  | — |  |  | — |  |  | (300 | )
Intercompany | — |  |  | 87,849 |  |  | 8,670 |  |  | (96,519 | ) |  | — |
Net cash provided by financing activities | 40,986 |  |  | 74,113 |  |  | 8,670 |  |  | (96,519 | ) |  | 27,250 |
Net increase (decrease) in cash and cash equivalents | (14,411 | ) |  | 22,147 |  |  | (11,625 | ) |  | — |  |  | (3,889 | )
Cash and cash equivalents at beginning of period | 303,280 |  |  | 38,124 |  |  | 17,364 |  |  | — |  |  | 358,768 |
Cash and cash equivalents at end of period | $ | 288,869 |  |  | $ | 60,271 |  |  | $ | 5,739 |  |  | $ | — |  |  | $ | 354,879 |
| Nine Months Ended August 31, 2014
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Net cash provided by (used in) operating activities | $ | 66,251 |  |  | $ | (730,397 | ) |  | $ | (52,516 | ) |  | $ | — |  |  | $ | (716,662 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Contributions to unconsolidated joint ventures | — |  |  | (33,786 | ) |  | (248 | ) |  | — |  |  | (34,034 | )
Proceeds from sale of investment in unconsolidated joint venture | — |  |  | — |  |  | 10,110 |  |  | — |  |  | 10,110 |
Purchases of property and equipment, net | (131 | ) |  | (3,499 | ) |  | (528 | ) |  | — |  |  | (4,158 | )
Intercompany | (840,839 | ) |  | — |  |  | — |  |  | 840,839 |  |  | — |
Net cash provided by (used in) investing activities | (840,970 | ) |  | (37,285 | ) |  | 9,334 |  |  | 840,839 |  |  | (28,082 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Change in restricted cash | 9,450 |  |  | — |  |  | — |  |  | — |  |  | 9,450 |
Proceeds from issuance of debt | 400,000 |  |  | — |  |  | — |  |  | — |  |  | 400,000 |
Payment of debt issuance costs | (5,448 | ) |  | — |  |  | — |  |  | — |  |  | (5,448 | )
Payments on mortgages and land contracts due to land sellers and other loans | — |  |  | (23,292 | ) |  | — |  |  | — |  |  | (23,292 | )
Proceeds from issuance of common stock, net | 137,045 |  |  | — |  |  | — |  |  | — |  |  | 137,045 |
Issuance of common stock under employee stock plans | 202 |  |  | — |  |  | — |  |  | — |  |  | 202 |
Payments of cash dividends | (6,682 | ) |  | — |  |  | — |  |  | — |  |  | (6,682 | )
Stock repurchases | (46 | ) |  | — |  |  | — |  |  | — |  |  | (46 | )
Intercompany | — |  |  | 804,809 |  |  | 36,030 |  |  | (840,839 | ) |  | — |
Net cash provided by financing activities | 534,521 |  |  | 781,517 |  |  | 36,030 |  |  | (840,839 | ) |  | 511,229 |
Net increase (decrease) in cash and cash equivalents | (240,198 | ) |  | 13,835 |  |  | (7,152 | ) |  | — |  |  | (233,515 | )
Cash and cash equivalents at beginning of period | 476,847 |  |  | 39,952 |  |  | 15,724 |  |  | — |  |  | 532,523 |
Cash and cash equivalents at end of period | $ | 236,649 |  |  | $ | 53,787 |  |  | $ | 8,572 |  |  | $ | — |  |  | $ | 299,008 |

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