XML 1033 R10.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Financial Services | 12 Months Ended
--- | ---
Nov. 30, 2015
Segment Reporting [Abstract] |
Financial Services | Financial Services The following tables present financial information relating to our financial services reporting segment (in thousands):
| Years Ended November 30,
| 2015 |  | 2014 |  | 2013
Revenues |  |  |  |  |
Insurance commissions | $ | 7,137 |  |  | $ | 6,566 |  |  | $ | 7,177 |
Title services | 3,905 |  |  | 3,593 |  |  | 3,172 |
Marketing services fees | — |  |  | 1,147 |  |  | 1,800 |
Interest income | 1 |  |  | — |  |  | 3 |
Total | 11,043 |  |  | 11,306 |  |  | 12,152 |
Expenses |  |  |  |  |
General and administrative | (3,711 | ) |  | (3,446 | ) |  | (3,042 | )
Operating income | 7,332 |  |  | 7,860 |  |  | 9,110 |
Equity in income of unconsolidated joint ventures | 4,292 |  |  | 686 |  |  | 1,074 |
Pretax income | $ | 11,624 |  |  | $ | 8,546 |  |  | $ | 10,184 |
| November 30,
| 2015 |  | 2014
Assets |  |  |
Cash and cash equivalents | $ | 1,299 |  |  | $ | 2,402 |
Receivables | 2,245 |  |  | 1,738 |
Investments in unconsolidated joint ventures | 10,440 |  |  | 6,149 |
Other assets | 44 |  |  | 197 |
Total assets | $ | 14,028 |  |  | $ | 10,486 |
Liabilities |  |  |
Accounts payable and accrued expenses | $ | 1,817 |  |  | $ | 2,517 |
Total liabilities | $ | 1,817 |  |  | $ | 2,517 |
The equity in income of unconsolidated joint ventures for 2013 included a gain of $1.1 million recognized in connection with the wind down of the business operations of a former mortgage banking joint venture, which ceased offering mortgage banking services in 2011. Although KB HOME Mortgage Company, which is 100% owned by us, ceased originating and selling mortgage loans in September 2005, it may be required to repurchase, or provide indemnification with respect to, an individual loan that it funded on or before August 31, 2005 and sold to an investor if the representations or warranties that it made in connection with the sale of the loan are breached, in the event of an early payment default, if the loan does not comply with the underwriting standards or other requirements of the ultimate investor or an applicable insurer, or due to a delinquency or other matters arising in connection with the loan. KB HOME Mortgage Company was not required to repurchase any loans in the past few years.

X
- Definition Financial services. + References No definition available. + Details
Name: | kbh_FinancialServicesTextBlock
Namespace Prefix: | kbh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration