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Quarterly Results (unaudited) | 12 Months Ended
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Nov. 30, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results (unaudited) | Quarterly Results (unaudited) The following tables present our consolidated quarterly results for the years ended November 30, 2017 and 2016 (in thousands, except per share amounts):
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2017 |  |  |  |  |  |  |
Revenues | $ | 818,596 |  |  | $ | 1,002,794 |  |  | $ | 1,144,001 |  |  | $ | 1,403,138 |
Gross profits | 119,697 |  |  | 155,382 |  |  | 188,110 |  |  | 255,442 |
Inventory impairment and land option contract abandonment charges | 4,008 |  |  | 6,001 |  |  | 8,113 |  |  | 7,110 |
Pretax income | 21,459 |  |  | 51,982 |  |  | 79,208 |  |  | 137,346 |
Net income | 14,259 |  |  | 31,782 |  |  | 50,208 |  |  | 84,346 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | .17 |  |  | $ | .37 |  |  | $ | .58 |  |  | $ | .97 |
Diluted | .15 |  |  | .33 |  |  | .51 |  |  | .84 |
2016 |  |  |  |  |  |  |
Revenues | $ | 678,371 |  |  | $ | 811,050 |  |  | $ | 913,283 |  |  | $ | 1,191,942 |
Gross profits | 108,694 |  |  | 121,465 |  |  | 151,902 |  |  | 167,667 |
Inventory impairment and land option contract abandonment charges | 1,966 |  |  | 11,740 |  |  | 3,052 |  |  | 36,054 |
Pretax income | 16,027 |  |  | 24,797 |  |  | 53,463 |  |  | 55,028 |
Net income | 13,127 |  |  | 15,597 |  |  | 39,363 |  |  | 37,528 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | .15 |  |  | $ | .18 |  |  | $ | .46 |  |  | $ | .44 |
Diluted | .14 |  |  | .17 |  |  | .42 |  |  | .40 |
Quarterly and year-to-date computations of per share amounts are made independently. Therefore, the sum of per share amounts for the quarters may not agree with per share amounts for the year.

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- References No definition available. + Details
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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