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v3.8.0.1

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
May 31, 2018 | May 31, 2017 | May 31, 2018 | May 31, 2017
Total revenues |  | $ 1,101,423 | $ 1,002,794 | $ 1,973,046 | $ 1,821,390
Homebuilding: |  |  |  |  |
Revenues |  | 1,098,673 | 1,000,072 | 1,967,878 | 1,816,318
Construction and land costs |  | (911,244) | (846,596) | (1,640,722) | (1,544,676)
Selling, general and administrative expenses |  | (113,231) | (103,917) | (208,955) | (196,806)
Operating income |  | 74,198 | 49,559 | 118,201 | 74,836
Interest income |  | 1,278 | 202 | 2,281 | 400
Interest expense | [1] | 0 | 0 | 0 | (6,307)
Equity in income of unconsolidated joint ventures |  |  |  | 613 | 1,075
Total pretax income (loss) |  | 78,308 | 51,982 | 124,353 | 73,441
Financial services: |  |  |  |  |
Revenues |  | 2,750 | 2,722 | 5,168 | 5,072
Expenses |  | (957) | (816) | (1,910) | (1,635)
Income tax expense |  | (21,000) | (20,200) | (138,300) | (27,400)
Net income (loss) |  | $ 57,308 | $ 31,782 | $ (13,947) | $ 46,041
Earnings Per Share, Basic (in dollars per share) |  | $ 0.65 | $ 0.37 | $ (0.16) | $ 0.54
Earnings Per Share, Diluted (in dollars per share) |  | $ 0.57 | $ 0.33 | $ (0.16) | $ 0.49
Weighted average shares outstanding — basic (in shares) |  | 87,581 | 85,445 | 87,370 | 85,285
Weighted average shares outstanding — diluted (in shares) |  | 101,159 | 97,732 | 87,370 | 96,975
Cash dividends declared per common share (in dollars per share) |  | $ 0.0250 | $ 0.025 | $ 0.05 | $ 0.05
Homebuilding [Member] |  |  |  |  |
Homebuilding: |  |  |  |  |
Equity in income of unconsolidated joint ventures |  | $ (322) | $ (596) | $ (1,167) | $ 135
Total pretax income (loss) |  | 75,154 | 49,165 | 119,315 | 69,064
Financial services [Member] |  |  |  |  |
Homebuilding: |  |  |  |  |
Operating income |  | 1,793 | 1,906 | 3,258 | 3,437
Equity in income of unconsolidated joint ventures |  | 1,361 | 911 | 1,780 | 940
Total pretax income (loss) |  | $ 3,154 | $ 2,817 | $ 5,038 | $ 4,377
[1] | Interest incurred and interest expensed for the six months ended May 31, 2017 included a charge of $5.7 million for the early extinguishment of debt

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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 + Details
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