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Notes Payable (Tables) | 12 Months Ended
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Nov. 30, 2018
Debt Disclosure [Abstract] |
Mortgages and Notes Payable | The key terms of each of our senior notes outstanding as of November 30, 2018 were as follows (dollars in thousands):
|  |  |  |  |  |  |  | Redeemable Prior to Maturity |  | Effective Interest Rate
Notes Payable |  | Principal |  | Issuance Date |  | Maturity Date |  |
4.75% Senior notes |  | $ | 400,000 |  |  | March 25, 2014 |  | May 15, 2019 |  | Yes (a) |  | 5.0 | %
8.00% Senior notes |  | 350,000 |  |  | February 7, 2012 |  | March 15, 2020 |  | Yes (b) |  | 8.5 |
7.00% Senior notes |  | 450,000 |  |  | October 29, 2013 |  | December 15, 2021 |  | Yes (a) |  | 7.2 |
7.50% Senior notes |  | 350,000 |  |  | July 31, 2012 |  | September 15, 2022 |  | Yes (b) |  | 7.7 |
7.625% Senior notes |  | 250,000 |  |  | February 17, 2015 |  | May 15, 2023 |  | Yes (a) |  | 7.8 |
1.375% Convertible senior notes |  | 230,000 |  |  | January 29, 2013 |  | February 1, 2019 |  | Yes (c) |  | 1.9 |
(a) | At our option, these notes may be redeemed, in whole at any time or from time to time in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (exclusive of interest accrued to the applicable redemption date), discounted to the redemption date at a defined rate, plus, in each case, accrued and unpaid interest on the notes being redeemed to, but excluding, the applicable redemption date, except that three months prior to the stated maturity dates for the 4.75% Senior Notes due 2019 and the 7.00% Senior Notes due 2021 and until their respective maturity, and six months prior to the stated maturity date for the 7.625% Senior Notes due 2023 and until their maturity, the redemption price will be equal to 100% of the principal amount of the notes being redeemed, plus, in each case, accrued and unpaid interest on the notes being redeemed to, but excluding, the applicable redemption date.
(b) | At our option, these notes may be redeemed, in whole at any time or from time to time in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (exclusive of interest accrued to the applicable redemption date), discounted to the redemption date at a defined rate, plus, in each case, accrued and unpaid interest on the notes being redeemed to the applicable redemption date.
(c) | Prior to the stated maturity date, we may, at our option, redeem all or part of the notes at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to, but excluding, the redemption date.
Notes payable consisted of the following (in thousands):
| November 30,
| 2018 |  | 2017
Mortgages and land contracts due to land sellers and other loans (at interest rates of 7% at November 30, 2018 and 3% to 6% at November 30, 2017) | $ | 40,038 |  |  | $ | 10,203 |
7 1/4% Senior notes due June 15, 2018 | — |  |  | 299,867 |
4.75% Senior notes due May 15, 2019 | 399,483 |  |  | 398,397 |
8.00% Senior notes due March 15, 2020 | 347,790 |  |  | 346,238 |
7.00% Senior notes due December 15, 2021 | 447,359 |  |  | 446,608 |
7.50% Senior notes due September 15, 2022 | 347,731 |  |  | 347,234 |
7.625% Senior notes due May 15, 2023 | 248,074 |  |  | 247,726 |
1.375% Convertible senior notes due February 1, 2019 | 229,788 |  |  | 228,572 |
Total | $ | 2,060,263 |  |  | $ | 2,324,845 |

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