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Investments in Unconsolidated Joint Ventures (Tables) | 3 Months Ended
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Feb. 29, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Statements of Operations of Unconsolidated Joint Ventures | The following table presents combined condensed information from the statements of operations of our unconsolidated joint ventures (in thousands):
| Three Months Ended
| February 29, 2020 |  | February 28, 2019
Revenues | $ | 27,547 |  |  | $ | 12,192 |
Construction and land costs | (21,543 | ) |  | (12,220 | )
Other expense, net | (2,107 | ) |  | (628 | )
Income (loss) | $ | 3,897 |  |  | $ | (656 | )
Balance Sheets of Unconsolidated Joint Ventures | The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
| February 29, 2020 |  | November 30, 2019
Assets |  |  |
Cash | $ | 38,454 |  |  | $ | 23,965 |
Inventories | 126,240 |  |  | 139,536 |
Other assets | 730 |  |  | 792 |
Total assets | $ | 165,424 |  |  | $ | 164,293 |
Liabilities and equity |  |  |
Accounts payable and other liabilities | $ | 13,352 |  |  | $ | 13,282 |
Notes payable (a) | 39,463 |  |  | 40,672 |
Equity | 112,609 |  |  | 110,339 |
Total liabilities and equity | $ | 165,424 |  |  | $ | 164,293 |
(a) As of both February 29, 2020 and November 30, 2019, we had investments in five unconsolidated joint ventures, one of which had a construction loan agreement with a third-party lender to finance its land development activities. The outstanding debt is secured by the underlying property and related project assets and is non-recourse to us. All of the outstanding secured debt at February 29, 2020 is scheduled to mature in February 2021. However, the loan agreement provides for a one-year extension beyond this date. None of our other unconsolidated joint ventures had outstanding debt at February 29, 2020 or November 30, 2019
Information Related Investments in Unconsolidated Joint Ventures |

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- Definition Balance Sheets of Unconsolidated Joint ventures. + References No definition available. + Details
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- Definition Statements of operations of unconsolidated joint ventures. + References No definition available. + Details
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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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