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Investments in Unconsolidated Joint Ventures (Tables) | 6 Months Ended
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May 31, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Statements of Operations of Unconsolidated Joint Ventures | The following table presents combined condensed information from the statements of operations of our unconsolidated joint ventures (in thousands):
| Three Months Ended May 31, |  | Six Months Ended May 31,
| 2017 |  | 2016 |  | 2017 |  | 2016
Revenues | $ | 7,080 |  |  | $ | 18,514 |  |  | $ | 26,802 |  |  | $ | 21,852 |
Construction and land costs | (6,898 | ) |  | (18,501 | ) |  | (24,793 | ) |  | (25,996 | )
Other expense, net | (1,157 | ) |  | (1,468 | ) |  | (2,253 | ) |  | (2,591 | )
Loss | $ | (975 | ) |  | $ | (1,455 | ) |  | $ | (244 | ) |  | $ | (6,735 | )
Balance Sheets of Unconsolidated Joint Ventures | The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
| May 31, 2017 |  | November 30, 2016
Assets |  |  |
Cash | $ | 25,266 |  |  | $ | 31,928 |
Receivables | 742 |  |  | 882 |
Inventories | 149,204 |  |  | 165,385 |
Other assets | 2,562 |  |  | 629 |
Total assets | $ | 177,774 |  |  | $ | 198,824 |
Liabilities and equity |  |  |
Accounts payable and other liabilities | $ | 20,163 |  |  | $ | 19,880 |
Notes payable (a) | 33,045 |  |  | 44,381 |
Equity | 124,566 |  |  | 134,563 |
Total liabilities and equity | $ | 177,774 |  |  | $ | 198,824 |
(a) | One of our unconsolidated joint ventures has a construction loan agreement with a third-party lender to finance its land development activities that is secured by the underlying property and related project assets. Outstanding debt under the agreement is non-recourse to us and is scheduled to mature in August 2018. None of our other unconsolidated joint ventures had outstanding debt at May 31, 2017 or November 30, 2016
Information Related Investments in Unconsolidated Joint Ventures | The following table presents additional information relating to our investments in unconsolidated joint ventures (dollars in thousands):
|  | May 31, 2017 |  | November 30, 2016
Number of investments in unconsolidated joint ventures |  | 6 |  |  | 7 |
Investments in unconsolidated joint ventures |  | $ | 64,000 |  |  | $ | 64,016 |
Number of unconsolidated joint venture lots controlled under land option contracts and other similar contracts |  | 397 |  |  | 471 |

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- Definition Statements of operations of unconsolidated joint ventures. + References No definition available. + Details
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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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