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Property and Equipment, Net Property and Equipment, Net | 6 Months Ended
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May 31, 2019
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | Property and Equipment, Net Property and equipment, net consisted of the following (in thousands):
|  | May 31, 2019 |  | November 30, 2018
Computer software and equipment |  | $ | 24,223 |  |  | $ | 20,940 |
Model furnishings and sales office improvements (a) |  | 70,347 |  |  | — |
Leasehold improvements, office furniture and equipment (b) |  | 15,605 |  |  | 23,491 |
Subtotal |  | 110,175 |  |  | 44,431 |
Less accumulated depreciation (a) |  | (48,954 | ) |  | (20,148 | )
Total |  | $ | 61,221 |  |  | $ | 24,283 |
(a) | The balance at May 31, 2019 reflects a change in the classification of certain community sales office and other marketing- and model home-related costs and related accumulated amortization from inventories to property and equipment, net due to our adoption of ASC 606 effective December 1, 2018, as described in Note 1 – Basis of Presentation and Significant Accounting Policies.
(b) | In January 2019, we completed the sale and leaseback of our office building in San Antonio, Texas. The sale generated net cash proceeds of $5.8 million and a gain of $2.2 million, which will be recognized on a straight-line basis over a 10-year lease term until our adoption of ASU 2016-02, when the remaining gain will be recognized as a transition adjustment to retained earnings.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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