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Summary of Significant Accounting Policies Revenue, Initial Application Period Cumulative Effect Transition (Tables) | 12 Months Ended
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Nov. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | We recorded the following cumulative effect adjustment to increase beginning retained earnings as of December 1, 2018 (in thousands):
Balance Sheet |  | Balance at November 30, 2018 |  | Adjustments due to ASC 606 |  | Balance at December 1, 2018
Assets |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |
Inventories |  | $ | 3,582,839 |  |  | $ | (35,288 | ) |  | $ | 3,547,551 |
Property and equipment, net |  | 24,283 |  |  | 31,194 |  |  | 55,477 |
Deferred tax assets, net |  | 441,820 |  |  | (4,024 | ) |  | 437,796 |
Financial services |  | 12,380 |  |  | 19,728 |  |  | 32,108 |
Stockholders’ equity: |  |  |  |  |  |
Retained earnings |  | 1,897,168 |  |  | 11,610 |  |  | 1,908,778 |
The impacts of adopting ASC 606 on our consolidated statements of operations for the year ended November 30, 2019 and consolidated balance sheet as of November 30, 2019 were as follows (in thousands, except per share amounts):
|  | Year ended November 30, 2019
Statement of Operations |  | As Reported |  | Amounts without the Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
Homebuilding: |  |  |  |  |  |
Revenues |  | $ | 4,537,658 |  |  | $ | 4,534,716 |  |  | $ | 2,942 |
Construction and land costs |  | (3,708,928 | ) |  | (3,740,337 | ) |  | (31,409 | )
Selling, general and administrative expenses |  | (497,350 | ) |  | (464,105 | ) |  | 33,245 |
Operating income |  | 331,380 |  |  | 330,274 |  |  | 1,106 |
Financial services: |  |  |  |  |  |
Revenues |  | 15,089 |  |  | 14,211 |  |  | 878 |
Total pretax income |  | 348,175 |  |  | 346,191 |  |  | 1,984 |
Income tax expense |  | (79,400 | ) |  | (78,900 | ) |  | 500 |
Net income |  | 268,775 |  |  | 267,291 |  |  | 1,484 |
Diluted earnings per share |  | 2.85 |  |  | 2.85 |  |  | — |
|  | As of November 30, 2019
Balance Sheet |  | As Reported |  | Amounts without the Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
Assets |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |
Inventories |  | $ | 3,704,602 |  |  | $ | 3,746,567 |  |  | $ | (41,965 | )
Deferred tax assets, net |  | 364,493 |  |  | 369,017 |  |  | (4,524 | )
Property and equipment, net |  | 65,043 |  |  | 26,067 |  |  | 38,976 |
Financial services |  | 38,396 |  |  | 17,790 |  |  | 20,606 |
Stockholders’ equity: |  |  |  |  |  |
Retained earnings |  | 2,157,183 |  |  | 2,144,090 |  |  | 13,093 |

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