XML 43 R78.htm IDEA: XBRL DOCUMENT
v3.19.3

Supplemental Guarantor Information (Condensed Consolidated Statements of Operations) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Aug. 31, 2019 | Aug. 31, 2018 | Aug. 31, 2019 | Aug. 31, 2018
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | $ 1,160,786 | $ 1,225,347 | $ 2,994,072 | $ 3,198,393
Homebuilding: |  |  |  |
Equity in income of unconsolidated joint ventures |  |  | 5,859 | 6,691
Total pretax income (loss) | 91,936 | 114,676 | 183,208 | 239,029
Income tax expense | (23,800) | (27,200) | (37,600) | (165,500)
Equity in net income of subsidiaries | 0 | 0 | 0 | 0
Net income | 68,136 | 87,476 | 145,608 | 73,529
Reportable Legal Entities [Member] | KB Home Corporate [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 0 | 0 | 0 | 0
Homebuilding: |  |  |  |
Total pretax income (loss) | 26,913 | 20,892 | 67,369 | 46,299
Income tax expense | (6,900) | (3,500) | (10,400) | (50,600)
Equity in net income of subsidiaries | 48,123 | 70,084 | 88,639 | 77,830
Net income | 68,136 | 87,476 | 145,608 | 73,529
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 1,061,698 | 1,144,253 | 2,739,096 | 2,965,829
Homebuilding: |  |  |  |
Total pretax income (loss) | 60,224 | 97,516 | 111,850 | 198,194
Income tax expense | (14,900) | (22,700) | (21,300) | (88,500)
Equity in net income of subsidiaries | 0 | 0 | 0 | 0
Net income | 45,324 | 74,816 | 90,550 | 109,694
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 99,088 | 81,094 | 254,976 | 232,564
Homebuilding: |  |  |  |
Total pretax income (loss) | 4,799 | (3,732) | 3,989 | (5,464)
Income tax expense | (2,000) | (1,000) | (5,900) | (26,400)
Equity in net income of subsidiaries | 0 | 0 | 0 | 0
Net income | 2,799 | (4,732) | (1,911) | (31,864)
Consolidating Adjustments [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 0 | 0 | 0 | 0
Homebuilding: |  |  |  |
Total pretax income (loss) | 0 | 0 | 0 | 0
Income tax expense | 0 | 0 | 0 | 0
Equity in net income of subsidiaries | (48,123) | (70,084) | (88,639) | (77,830)
Net income | (48,123) | (70,084) | (88,639) | (77,830)
Home Building [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 1,156,855 | 1,221,875 | 2,984,314 | 3,189,753
Homebuilding: |  |  |  |
Construction and land costs | (943,754) | (1,001,509) | (2,458,353) | (2,642,231)
Selling, general and administrative expenses | (127,626) | (114,753) | (357,048) | (323,708)
Operating income | 85,475 | 105,613 | 168,913 | 223,814
Interest income | 201 | 458 | 1,745 | 2,739
Interest expense | 0 | 0 | 0 | 0
Intercompany interest | 0 | 0 | 0 | 0
Equity in income of unconsolidated joint ventures | (384) | 3,493 | (1,159) | 2,326
Total pretax income (loss) | 85,292 | 109,564 | 169,499 | 228,879
Home Building [Member] | Reportable Legal Entities [Member] | KB Home Corporate [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 0 | 0 | 0 | 0
Homebuilding: |  |  |  |
Construction and land costs | 0 | 0 | 0 | 0
Selling, general and administrative expenses | (23,619) | (24,688) | (76,507) | (73,669)
Operating income | (23,619) | (24,688) | (76,507) | (73,669)
Interest income | 140 | 380 | 1,549 | 2,559
Interest expense | (34,488) | (33,319) | (102,763) | (109,233)
Intercompany interest | 84,880 | 78,519 | 245,090 | 226,642
Equity in income of unconsolidated joint ventures | 0 | 0 | 0 | 0
Total pretax income (loss) | 26,913 | 20,892 | 67,369 | 46,299
Home Building [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 1,061,698 | 1,144,253 | 2,739,096 | 2,965,829
Homebuilding: |  |  |  |
Construction and land costs | (859,733) | (927,346) | (2,226,829) | (2,436,079)
Selling, general and administrative expenses | (95,376) | (81,540) | (268,506) | (227,480)
Operating income | 106,589 | 135,367 | 243,761 | 302,270
Interest income | 20 | 0 | 20 | 9
Interest expense | (175) | (669) | (630) | (1,992)
Intercompany interest | (45,826) | (40,675) | (130,142) | (104,420)
Equity in income of unconsolidated joint ventures | (384) | 3,493 | (1,159) | 2,327
Total pretax income (loss) | 60,224 | 97,516 | 111,850 | 198,194
Home Building [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 95,157 | 77,622 | 245,218 | 223,924
Homebuilding: |  |  |  |
Construction and land costs | (84,021) | (74,163) | (231,524) | (206,152)
Selling, general and administrative expenses | (8,631) | (8,525) | (12,035) | (22,559)
Operating income | 2,505 | (5,066) | 1,659 | (4,787)
Interest income | 41 | 78 | 176 | 171
Interest expense | (1,361) | (1,240) | (3,963) | (3,871)
Intercompany interest | (3,030) | (2,616) | (7,592) | (7,126)
Equity in income of unconsolidated joint ventures | 0 | 0 | 0 | (1)
Total pretax income (loss) | (1,845) | (8,844) | (9,720) | (15,614)
Home Building [Member] | Consolidating Adjustments [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 0 | 0 | 0 | 0
Homebuilding: |  |  |  |
Construction and land costs | 0 | 0 | 0 | 0
Selling, general and administrative expenses | 0 | 0 | 0 | 0
Operating income | 0 | 0 | 0 | 0
Interest income | 0 | 0 | 0 | 0
Interest expense | 36,024 | 35,228 | 107,356 | 115,096
Intercompany interest | (36,024) | (35,228) | (107,356) | (115,096)
Equity in income of unconsolidated joint ventures | 0 | 0 | 0 | 0
Total pretax income (loss) | 0 | 0 | 0 | 0
Financial Service [Member] |  |  |  |
Condensed Consolidated Statements of Operations |  |  |  |
Total revenues | 3,931 | 3,472 | 9,758 | 8,640
Homebuilding: |  |  |  |
Selling, general and administrative expenses | (1,003) | (945) | (3,067) | (2,855)
Operating income | 2,928 | 2,527 | 6,691 | 5,785
Equity in income of unconsolidated joint ventures | 3,716 | 2,585 | 7,018 | 4,365
Total pretax income (loss) | 6,644 | 5,112 | 13,709 | 10,150
Financial Service [Member] | Reportable Legal Entities [Member] | KB Home Corporate [Member] |  |  |  |
Homebuilding: |  |  |  |
Total pretax income (loss) | 0 | 0 | 0 | 0
Financial Service [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] |  |  |  |
Homebuilding: |  |  |  |
Total pretax income (loss) | 0 | 0 | 0 | 0
Financial Service [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] |  |  |  |
Homebuilding: |  |  |  |
Total pretax income (loss) | 6,644 | 5,112 | 13,709 | 10,150
Financial Service [Member] | Consolidating Adjustments [Member] |  |  |  |
Homebuilding: |  |  |  |
Total pretax income (loss) | $ 0 | $ 0 | $ 0 | $ 0

X
- Definition Intercompany Interest Income (Expense) + References No definition available. + Details
Name: | kbh_IntercompanyInterestIncomeExpense
Namespace Prefix: | kbh_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
Name: | us-gaap_CostOfGoodsAndServicesSold
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)(f)) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570 + Details
Name: | us-gaap_IncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. + References No definition available. + Details
Name: | us-gaap_IncomeLossFromSubsidiariesNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeStatementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 20 -Section 45 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (210.5-03(11)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(b)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 + Details
Name: | us-gaap_InvestmentIncomeInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1B -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130543-203045 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -SubTopic 10 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68048583&loc=d3e3636-108311 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
Name: | us-gaap_SellingGeneralAndAdministrativeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | srt_ConsolidationItemsAxis=srt_ReportableLegalEntitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=srt_ParentCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=srt_GuarantorSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=srt_NonGuarantorSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=srt_ConsolidationEliminationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=us-gaap_HomeBuildingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=us-gaap_FinancialServiceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |