XML 117 R95.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Results (unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Nov. 30, 2016
Aug. 31, 2016
May 31, 2016
Feb. 29, 2016
Nov. 30, 2015
Aug. 31, 2015
May 31, 2015
Feb. 28, 2015
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2014
Loss Contingencies [Line Items]                      
Product Warranty Accrual, Preexisting, Increase (Decrease) [1]                 $ (652) $ (7,238) $ (17,471)
Valuation Allowance, Deferred Tax Asset, Change in Amount                 (13,000) (3,400)  
Revenues $ 1,191,942 $ 913,283 $ 811,050 $ 678,371 $ 985,783 $ 843,157 $ 622,969 $ 580,121 3,594,646 3,032,030 2,400,949
Gross profits 167,667 151,902 121,465 108,694 171,482 133,099 97,631 86,739      
Inventory Impairments and Land Option Contract Abandonments 36,054 3,052 11,740 1,966 5,075 3,532 536 448 52,812 9,591 39,431
Pretax income (loss) 55,028 53,463 24,797 16,027 69,917 33,954 12,673 10,499 149,315 127,043 94,949
Net income $ 37,528 $ 39,363 $ 15,597 $ 13,127 $ 44,017 $ 23,254 $ 9,573 $ 7,799 $ 105,615 $ 84,643 $ 918,349
Earnings per share: Diluted (usd per share) $ 0.40 $ 0.42 $ 0.17 $ 0.14 $ 0.43 $ 0.23 $ 0.10 $ 0.08 $ 1.12 $ 0.85 $ 9.25
Earnings per share: Basic (usd per share) $ 0.44 $ 0.46 $ 0.18 $ 0.15 $ 0.48 $ 0.25 $ 0.10 $ 0.08 $ 1.23 $ 0.92 $ 10.26
Land Option Contract Abandonment [Member]                      
Loss Contingencies [Line Items]                      
Loss on Contract Termination                 $ 3,232 $ 1,561 $ 1,803
Southeast [Member] | Land Option Contract Abandonment [Member]                      
Loss Contingencies [Line Items]                      
Loss on Contract Termination                 1,750 $ 984 $ 254
Metro Washington, D.C. [Member] | Southeast [Member] | Land Option Contract Abandonment [Member]                      
Loss Contingencies [Line Items]                      
Loss on Contract Termination                 $ 1,400    
[1] Adjustments for 2016, 2015 and 2014 included the reclassification of certain estimated minimum probable recoveries to receivables in connection with the above-noted water intrusion-related issues. Adjustments in 2014 also included the reclassification of estimated minimum probable recoveries to establish a separate accrual for a water intrusion-related inquiry, as described below. The adjustments for each year had no impact on our consolidated statements of operations. There were no estimated minimum probable recoveries netted against our warranty liability at November 30, 2016.