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Investments in Unconsolidated Joint Ventures (Tables) | 6 Months Ended
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May 31, 2018
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,
| 2018 |  | 2017 |  | 2018 |  | 2017
Revenues | $ | 7,827 |  |  | $ | 7,080 |  |  | $ | 16,624 |  |  | $ | 26,802 |
Construction and land costs | (7,839 | ) |  | (6,898 | ) |  | (16,655 | ) |  | (24,793 | )
Other expense, net | (611 | ) |  | (1,157 | ) |  | (1,983 | ) |  | (2,253 | )
Loss | $ | (623 | ) |  | $ | (975 | ) |  | $ | (2,014 | ) |  | $ | (244 | )
Balance Sheets of Unconsolidated Joint Ventures | The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
| May 31, 2018 |  | November 30, 2017
Assets |  |  |
Cash | $ | 17,237 |  |  | $ | 21,193 |
Receivables | 226 |  |  | 688 |
Inventories | 143,136 |  |  | 145,519 |
Other assets | 959 |  |  | 1,398 |
Total assets | $ | 161,558 |  |  | $ | 168,798 |
Liabilities and equity |  |  |
Accounts payable and other liabilities | $ | 22,744 |  |  | $ | 25,426 |
Notes payable (a) | 9,536 |  |  | 20,040 |
Equity | 129,278 |  |  | 123,332 |
Total liabilities and equity | $ | 161,558 |  |  | $ | 168,798 |
(a) | As of May 31, 2018 and November 30, 2017, two of our unconsolidated joint ventures had separate construction loan agreements with different third-party lenders to finance their respective land development activities. The outstanding debt under these agreements is secured by the corresponding underlying property and related project assets and is non-recourse to us. Of this outstanding secured debt at May 31, 2018, $9.1 million is scheduled to mature in August 2018 and the remainder is scheduled to mature in February 2020. None of our other unconsolidated joint ventures had outstanding debt at May 31, 2018 or November 30, 2017
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, 2018 |  | November 30, 2017
Number of investments in unconsolidated joint ventures |  | 7 |  |  | 7 |
Investments in unconsolidated joint ventures |  | $ | 69,015 |  |  | $ | 64,794 |
Number of unconsolidated joint venture lots controlled under land option contracts and other similar contracts |  | 354 |  |  | 377 |

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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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