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Supplemental Guarantor Information (Tables) | 3 Months Ended
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Feb. 29, 2016
Guarantees [Abstract] |
Condensed Consolidated Statements of Operations | Condensed Consolidating Statements of Operations (in thousands)
| Three Months Ended February 29, 2016
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Revenues | $ | — |  |  | $ | 601,343 |  |  | $ | 77,028 |  |  | $ | — |  |  | $ | 678,371 |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | — |  |  | $ | 601,343 |  |  | $ | 74,399 |  |  | $ | — |  |  | $ | 675,742 |
Construction and land costs | — |  |  | (501,866 | ) |  | (66,952 | ) |  | — |  |  | (568,818 | )
Selling, general and administrative expenses | (24,340 | ) |  | (53,136 | ) |  | (10,456 | ) |  | — |  |  | (87,932 | )
Operating income (loss) | (24,340 | ) |  | 46,341 |  |  | (3,009 | ) |  | — |  |  | 18,992 |
Interest income | 134 |  |  | 18 |  |  | — |  |  | — |  |  | 152 |
Interest expense | (44,370 | ) |  | (1,881 | ) |  | — |  |  | 42,554 |  |  | (3,697 | )
Intercompany interest | 74,043 |  |  | (28,063 | ) |  | (3,426 | ) |  | (42,554 | ) |  | — |
Equity in loss of unconsolidated joint ventures | — |  |  | (603 | ) |  | — |  |  | — |  |  | (603 | )
Homebuilding pretax income (loss) | 5,467 |  |  | 15,812 |  |  | (6,435 | ) |  | — |  |  | 14,844 |
Financial services pretax income | — |  |  | — |  |  | 1,183 |  |  | — |  |  | 1,183 |
Total pretax income (loss) | 5,467 |  |  | 15,812 |  |  | (5,252 | ) |  | — |  |  | 16,027 |
Income tax benefit (expense) | 700 |  |  | (3,600 | ) |  | — |  |  | — |  |  | (2,900 | )
Equity in net income of subsidiaries | 6,960 |  |  | — |  |  | — |  |  | (6,960 | ) |  | — |
Net income (loss) | $ | 13,127 |  |  | $ | 12,212 |  |  | $ | (5,252 | ) |  | $ | (6,960 | ) |  | $ | 13,127 |
| Three Months Ended February 28, 2015
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Revenues | $ | — |  |  | $ | 510,996 |  |  | $ | 69,125 |  |  | $ | — |  |  | $ | 580,121 |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | — |  |  | $ | 510,996 |  |  | $ | 66,892 |  |  | $ | — |  |  | $ | 577,888 |
Construction and land costs | — |  |  | (430,333 | ) |  | (62,085 | ) |  | — |  |  | (492,418 | )
Selling, general and administrative expenses | (15,672 | ) |  | (45,622 | ) |  | (9,778 | ) |  | — |  |  | (71,072 | )
Operating income (loss) | (15,672 | ) |  | 35,041 |  |  | (4,971 | ) |  | — |  |  | 14,398 |
Interest income | 101 |  |  | 1 |  |  | 1 |  |  | — |  |  | 103 |
Interest expense | (43,580 | ) |  | (1,460 | ) |  | — |  |  | 39,702 |  |  | (5,338 | )
Intercompany interest | 70,468 |  |  | (26,638 | ) |  | (4,128 | ) |  | (39,702 | ) |  | — |
Equity in loss of unconsolidated joint ventures | — |  |  | (347 | ) |  | — |  |  | — |  |  | (347 | )
Homebuilding pretax income (loss) | 11,317 |  |  | 6,597 |  |  | (9,098 | ) |  | — |  |  | 8,816 |
Financial services pretax income | — |  |  | — |  |  | 1,683 |  |  | — |  |  | 1,683 |
Total pretax income (loss) | 11,317 |  |  | 6,597 |  |  | (7,415 | ) |  | — |  |  | 10,499 |
Income tax benefit (expense) | 200 |  |  | (3,100 | ) |  | 200 |  |  | — |  |  | (2,700 | )
Equity in net loss of subsidiaries | (3,718 | ) |  | — |  |  | — |  |  | 3,718 |  |  | — |
Net income (loss) | $ | 7,799 |  |  | $ | 3,497 |  |  | $ | (7,215 | ) |  | $ | 3,718 |  |  | $ | 7,799 |
Condensed Consolidated Balance Sheets | Condensed Consolidating Balance Sheets (in thousands)
| February 29, 2016
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Assets |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 257,361 |  |  | $ | 58,798 |  |  | $ | 6,917 |  |  | $ | — |  |  | $ | 323,076 |
Restricted cash | 4,357 |  |  | — |  |  | — |  |  | — |  |  | 4,357 |
Receivables | 2,829 |  |  | 144,885 |  |  | 4,375 |  |  | — |  |  | 152,089 |
Inventories | — |  |  | 3,127,883 |  |  | 340,761 |  |  | — |  |  | 3,468,644 |
Investments in unconsolidated joint ventures | — |  |  | 66,071 |  |  | 2,501 |  |  | — |  |  | 68,572 |
Deferred tax assets, net | 191,744 |  |  | 497,554 |  |  | 90,098 |  |  | — |  |  | 779,396 |
Other assets | 97,345 |  |  | 12,610 |  |  | 3,105 |  |  | — |  |  | 113,060 |
| 553,636 |  |  | 3,907,801 |  |  | 447,757 |  |  | — |  |  | 4,909,194 |
Financial services | — |  |  | — |  |  | 12,862 |  |  | — |  |  | 12,862 |
Intercompany receivables | 3,739,159 |  |  | — |  |  | 101,267 |  |  | (3,840,426 | ) |  | — |
Investments in subsidiaries | 49,584 |  |  | — |  |  | — |  |  | (49,584 | ) |  | — |
Total assets | $ | 4,342,379 |  |  | $ | 3,907,801 |  |  | $ | 561,886 |  |  | $ | (3,890,010 | ) |  | $ | 4,922,056 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 144,023 |  |  | $ | 395,048 |  |  | $ | 111,790 |  |  | $ | — |  |  | $ | 650,861 |
Notes payable | 2,565,155 |  |  | 87,550 |  |  | — |  |  | — |  |  | 2,652,705 |
| 2,709,178 |  |  | 482,598 |  |  | 111,790 |  |  | — |  |  | 3,303,566 |
Financial services | — |  |  | — |  |  | 1,432 |  |  | — |  |  | 1,432 |
Intercompany payables | 16,143 |  |  | 3,409,390 |  |  | 414,893 |  |  | (3,840,426 | ) |  | — |
Stockholders’ equity | 1,617,058 |  |  | 15,813 |  |  | 33,771 |  |  | (49,584 | ) |  | 1,617,058 |
Total liabilities and stockholders’ equity | $ | 4,342,379 |  |  | $ | 3,907,801 |  |  | $ | 561,886 |  |  | $ | (3,890,010 | ) |  | $ | 4,922,056 |
| November 30, 2015
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Assets |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 444,850 |  |  | $ | 98,281 |  |  | $ | 15,911 |  |  | $ | — |  |  | $ | 559,042 |
Restricted cash | 9,344 |  |  | — |  |  | — |  |  | — |  |  | 9,344 |
Receivables | 39 |  |  | 148,338 |  |  | 4,305 |  |  | — |  |  | 152,682 |
Inventories | — |  |  | 2,979,617 |  |  | 334,130 |  |  | — |  |  | 3,313,747 |
Investments in unconsolidated joint ventures | — |  |  | 69,057 |  |  | 2,501 |  |  | — |  |  | 71,558 |
Deferred tax assets, net | 190,770 |  |  | 501,454 |  |  | 89,972 |  |  | — |  |  | 782,196 |
Other assets | 97,590 |  |  | 11,783 |  |  | 3,401 |  |  | — |  |  | 112,774 |
| 742,593 |  |  | 3,808,530 |  |  | 450,220 |  |  | — |  |  | 5,001,343 |
Financial services | — |  |  | — |  |  | 14,028 |  |  | — |  |  | 14,028 |
Intercompany receivables | 3,627,150 |  |  | — |  |  | 102,103 |  |  | (3,729,253 | ) |  | — |
Investments in subsidiaries | 39,383 |  |  | — |  |  | — |  |  | (39,383 | ) |  | — |
Total assets | $ | 4,409,126 |  |  | $ | 3,808,530 |  |  | $ | 566,351 |  |  | $ | (3,768,636 | ) |  | $ | 5,015,371 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 136,352 |  |  | $ | 442,529 |  |  | $ | 118,303 |  |  | $ | — |  |  | $ | 697,184 |
Notes payable | 2,564,762 |  |  | 60,774 |  |  | — |  |  | — |  |  | 2,625,536 |
| 2,701,114 |  |  | 503,303 |  |  | 118,303 |  |  | — |  |  | 3,322,720 |
Financial services | — |  |  | — |  |  | 1,817 |  |  | — |  |  | 1,817 |
Intercompany payables | 17,178 |  |  | 3,305,227 |  |  | 406,848 |  |  | (3,729,253 | ) |  | — |
Stockholders’ equity | 1,690,834 |  |  | — |  |  | 39,383 |  |  | (39,383 | ) |  | 1,690,834 |
Total liabilities and stockholders’ equity | $ | 4,409,126 |  |  | $ | 3,808,530 |  |  | $ | 566,351 |  |  | $ | (3,768,636 | ) |  | $ | 5,015,371 |
Condensed Consolidated Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows (in thousands)
| Three Months Ended February 29, 2016
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Net cash provided by (used in) operating activities | $ | 13,908 |  |  | $ | (141,026 | ) |  | $ | (16,195 | ) |  | $ | — |  |  | $ | (143,313 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Contributions to unconsolidated joint ventures | — |  |  | (291 | ) |  | — |  |  | — |  |  | (291 | )
Purchases of property and equipment, net | (1,129 | ) |  | (265 | ) |  | (19 | ) |  | — |  |  | (1,413 | )
Intercompany | (115,459 | ) |  | — |  |  | — |  |  | 115,459 |  |  | — |
Net cash used in investing activities | (116,588 | ) |  | (556 | ) |  | (19 | ) |  | 115,459 |  |  | (1,704 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Change in restricted cash | 4,987 |  |  | — |  |  | — |  |  | — |  |  | 4,987 |
Payments on mortgages and land contracts due to land sellers and other loans | — |  |  | (5,659 | ) |  | — |  |  | — |  |  | (5,659 | )
Payments of cash dividends | (2,270 | ) |  | — |  |  | — |  |  | — |  |  | (2,270 | )
Stock repurchases | (87,526 | ) |  | — |  |  | — |  |  | — |  |  | (87,526 | )
Intercompany | — |  |  | 107,758 |  |  | 7,701 |  |  | (115,459 | ) |  | — |
Net cash provided by (used in) financing activities | (84,809 | ) |  | 102,099 |  |  | 7,701 |  |  | (115,459 | ) |  | (90,468 | )
Net decrease in cash and cash equivalents | (187,489 | ) |  | (39,483 | ) |  | (8,513 | ) |  | — |  |  | (235,485 | )
Cash and cash equivalents at beginning of period | 444,850 |  |  | 98,281 |  |  | 17,210 |  |  | — |  |  | 560,341 |
Cash and cash equivalents at end of period | $ | 257,361 |  |  | $ | 58,798 |  |  | $ | 8,697 |  |  | $ | — |  |  | $ | 324,856 |
| Three Months Ended February 28, 2015
| KB Home Corporate |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total
Net cash provided by (used in) operating activities | $ | 5,369 |  |  | $ | (27,884 | ) |  | $ | (26,394 | ) |  | $ | — |  |  | $ | (48,909 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Contributions to unconsolidated joint ventures | — |  |  | (2,414 | ) |  | — |  |  | — |  |  | (2,414 | )
Purchases of property and equipment, net | (37 | ) |  | (528 | ) |  | (21 | ) |  | — |  |  | (586 | )
Intercompany | (80,424 | ) |  | — |  |  | — |  |  | 80,424 |  |  | — |
Net cash used in investing activities | (80,461 | ) |  | (2,942 | ) |  | (21 | ) |  | 80,424 |  |  | (3,000 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Change in restricted cash | (749 | ) |  | — |  |  | — |  |  | — |  |  | (749 | )
Proceeds from issuance of debt | 250,000 |  |  | — |  |  | — |  |  | — |  |  | 250,000 |
Payment of debt issuance costs | (2,989 | ) |  | — |  |  | — |  |  | — |  |  | (2,989 | )
Payments on mortgages and land contracts due to land sellers and other loans | — |  |  | (2,722 | ) |  | — |  |  | — |  |  | (2,722 | )
Payments of cash dividends | (2,299 | ) |  | — |  |  | — |  |  | — |  |  | (2,299 | )
Stock repurchases | (21 | ) |  | — |  |  | — |  |  | — |  |  | (21 | )
Intercompany | — |  |  | 59,593 |  |  | 20,831 |  |  | (80,424 | ) |  | — |
Net cash provided by financing activities | 243,942 |  |  | 56,871 |  |  | 20,831 |  |  | (80,424 | ) |  | 241,220 |
Net increase (decrease) in cash and cash equivalents | 168,850 |  |  | 26,045 |  |  | (5,584 | ) |  | — |  |  | 189,311 |
Cash and cash equivalents at beginning of period | 303,280 |  |  | 37,112 |  |  | 18,376 |  |  | — |  |  | 358,768 |
Cash and cash equivalents at end of period | $ | 472,130 |  |  | $ | 63,157 |  |  | $ | 12,792 |  |  | $ | — |  |  | $ | 548,079 |

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