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v3.10.0.1

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Nov. 30, 2018 | Aug. 31, 2018 | May 31, 2018 | Feb. 28, 2018 | Nov. 30, 2017 | Aug. 31, 2017 | May 31, 2017 | Feb. 28, 2017 | Nov. 30, 2018 | Nov. 30, 2017 | Nov. 30, 2016
Total revenues |  | $ 1,348,609 | $ 1,225,347 | $ 1,101,423 | $ 871,623 | $ 1,403,138 | $ 1,144,001 | $ 1,002,794 | $ 818,596 | $ 4,547,002 | $ 4,368,529 | $ 3,594,646
Homebuilding: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  | 4,533,795 | 4,356,265 | 3,582,943
Construction and land costs |  |  |  |  |  |  |  |  |  | (3,743,920) | (3,646,468) | (3,041,101)
Selling, general and administrative expenses |  |  |  |  |  |  |  |  |  | (444,154) | (426,394) | (389,441)
Operating income |  |  |  |  |  |  |  |  |  | 345,721 | 283,403 | 152,401
Interest income |  |  |  |  |  |  |  |  |  | 3,514 | 1,240 | 529
Interest expense | [1] |  |  |  |  |  |  |  |  | 0 | (6,307) | (5,900)
Equity in income (loss) of unconsolidated joint ventures |  |  |  |  |  |  |  |  |  | 9,367 | 2,825 | (5,601)
Financial services: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  | 13,207 | 12,264 | 11,703
Expenses |  |  |  |  |  |  |  |  |  | (3,844) | (3,430) | (3,817)
Pretax income (loss) |  | 128,936 | 114,676 | 78,308 | 46,045 | 137,346 | 79,208 | 51,982 | 21,459 | 367,965 | 289,995 | 149,315
Income tax expense |  |  |  |  |  |  |  |  |  | (197,600) | (109,400) | (43,700)
Net income |  | $ 96,836 | $ 87,476 | $ 57,308 | $ (71,255) | $ 84,346 | $ 50,208 | $ 31,782 | $ 14,259 | $ 170,365 | $ 180,595 | $ 105,615
Earnings per share: Basic (usd per share) |  | $ 1.09 | $ 0.99 | $ 0.65 | $ (0.82) | $ 0.97 | $ 0.58 | $ 0.37 | $ 0.17 | $ 1.93 | $ 2.09 | $ 1.23
Earnings per share: Diluted (usd per share) |  | $ 0.96 | $ 0.87 | $ 0.57 | $ (0.82) | $ 0.84 | $ 0.51 | $ 0.33 | $ 0.15 | $ 1.71 | $ 1.85 | $ 1.12
Weighted average shares outstanding: Basic (shares) |  |  |  |  |  |  |  |  |  | 87,773 | 85,842 | 85,706
Weighted average shares outstanding: Diluted (shares) |  |  |  |  |  |  |  |  |  | 101,059 | 98,316 | 96,278
Homebuilding [Member] |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |  |  |  |
Equity in income (loss) of unconsolidated joint ventures |  |  |  |  |  |  |  |  |  | $ 2,066 | $ (1,409) | $ (2,181)
Financial services: |  |  |  |  |  |  |  |  |  |  |  |
Pretax income (loss) |  |  |  |  |  |  |  |  |  | 351,301 | 276,927 | 144,849
Financial services [Member] |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |  |  |  |
Operating income |  |  |  |  |  |  |  |  |  | 9,363 | 8,834 | 7,886
Equity in income (loss) of unconsolidated joint ventures |  |  |  |  |  |  |  |  |  | 7,301 | 4,234 | (3,420)
Financial services: |  |  |  |  |  |  |  |  |  |  |  |
Pretax income (loss) |  |  |  |  |  |  |  |  |  | $ 16,664 | $ 13,068 | $ 4,466
[1] | Interest incurred and interest expensed for the year ended November 30, 2017 included a charge of $5.7 million for the early extinguishment of debt.

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