XML 62 R34.htm IDEA: XBRL DOCUMENT
v3.20.4

Financial Services (Tables) | 12 Months Ended
--- | ---
Nov. 30, 2020
Segment Reporting [Abstract] |
Financial information relating to company reporting segments | The following tables present financial information relating to our homebuilding reporting segments (in thousands):
| Years Ended November 30,
| 2020 |  | 2019 |  | 2018
Revenues: |  |  |  |  |
West Coast | $ | 1,748,582 |  |  | $ | 1,912,146 |  |  | $ | 2,085,328 |
Southwest | 796,810 |  |  | 764,816 |  |  | 707,075 |
Central | 1,192,869 |  |  | 1,267,892 |  |  | 1,239,305 |
Southeast | 429,441 |  |  | 592,804 |  |  | 502,087 |
Total | $ | 4,167,702 |  |  | $ | 4,537,658 |  |  | $ | 4,533,795 |
Pretax income (loss): |  |  |  |  |
West Coast | $ | 151,039 |  |  | $ | 178,078 |  |  | $ | 240,337 |
Southwest | 133,386 |  |  | 111,016 |  |  | 91,017 |
Central | 128,802 |  |  | 126,304 |  |  | 117,609 |
Southeast | 22,950 |  |  | 18,550 |  |  | 7,624 |
Corporate and other | (104,677) |  |  | (108,759) |  |  | (105,286) |
Total | $ | 331,500 |  |  | $ | 325,189 |  |  | $ | 351,301 |
Equity in income (loss) of unconsolidated joint ventures: |  |  |  |  |
West Coast | $ | 12,972 |  |  | $ | (851) |  |  | $ | (966) |
Southwest | (497) |  |  | (697) |  |  | 3,033 |
Central | — |  |  | — |  |  | — |
Southeast | (1) |  |  | (1) |  |  | (1) |
Total | $ | 12,474 |  |  | $ | (1,549) |  |  | $ | 2,066 |
Inventory impairment and land option contract abandonment charges: |  |  |  |  |
West Coast | $ | 21,941 |  |  | $ | 15,567 |  |  | $ | 20,381 |
Southwest | 570 |  |  | 408 |  |  | 432 |
Central | 5,520 |  |  | 848 |  |  | 2,558 |
Southeast | 638 |  |  | 468 |  |  | 5,623 |
Total | $ | 28,669 |  |  | $ | 17,291 |  |  | $ | 28,994 |
| November 30,
| 2020 |  | 2019
Inventories: |  |  |
West Coast | $ | 1,928,500 |  |  | $ | 1,795,088 |
Southwest | 688,807 |  |  | 629,811 |
Central | 867,170 |  |  | 889,179 |
Southeast | 413,005 |  |  | 390,524 |
Total | $ | 3,897,482 |  |  | $ | 3,704,602 |
| November 30,
| 2020 |  | 2019
Investments in unconsolidated joint ventures: |  |  |
West Coast | $ | 42,762 |  |  | $ | 51,740 |
Southwest | 1,516 |  |  | 2,792 |
Central | — |  |  | — |
Southeast | 2,507 |  |  | 2,506 |
Total | $ | 46,785 |  |  | $ | 57,038 |
Assets: |  |  |
West Coast | $ | 2,057,362 |  |  | $ | 1,925,192 |
Southwest | 738,765 |  |  | 674,310 |
Central | 998,612 |  |  | 1,035,563 |
Southeast | 448,388 |  |  | 441,451 |
Corporate and other | 1,077,113 |  |  | 900,570 |
Total | $ | 5,320,240 |  |  | $ | 4,977,086 |
The following tables present financial information relating to our financial services reporting segment (in thousands):
| Years Ended November 30,
| 2020 |  | 2019 |  | 2018
Revenues |  |  |  |  |
Insurance commissions | $ | 8,589 |  |  | $ | 8,662 |  |  | $ | 7,535 |
Title services | 6,883 |  |  | 6,421 |  |  | 5,672 |
Interest income | — |  |  | 6 |  |  | — |
Total | 15,472 |  |  | 15,089 |  |  | 13,207 |
Expenses |  |  |  |  |
General and administrative | (4,083) |  |  | (4,333) |  |  | (3,844) |
Operating income | 11,389 |  |  | 10,756 |  |  | 9,363 |
Equity in income of unconsolidated joint ventures | 21,154 |  |  | 12,230 |  |  | 7,301 |
Pretax income | $ | 32,543 |  |  | $ | 22,986 |  |  | $ | 16,664 |
| November 30,
| 2020 |  | 2019
Assets |  |  |
Cash and cash equivalents | $ | 1,339 |  |  | $ | 1,044 |
Receivables | 1,988 |  |  | 2,232 |
Investments in unconsolidated joint ventures | 10,978 |  |  | 14,374 |
Other assets (a) | 21,897 |  |  | 20,746 |
Total assets | $ | 36,202 |  |  | $ | 38,396 |
Liabilities |  |  |
Accounts payable and accrued expenses | $ | 2,629 |  |  | $ | 2,058 |
Total liabilities | $ | 2,629 |  |  | $ | 2,058 |
(a)Other assets at November 30, 2020 and 2019 included $21.5 million and $20.6 million, respectively, of contract assets for estimated future renewal commissions.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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