XML 64 R52.htm IDEA: XBRL DOCUMENT v3.21.2
Basis of Presentation and Significant Accounting Policies (Impacts of Adopting ASC 606) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2021
Aug. 31, 2020
Nov. 30, 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Lease right-of-use assets [1] $ 30,112   $ 30,112   $ 36,270
Total revenues 1,467,102 $ 999,013 4,049,732 $ 2,988,918  
Total pretax income 174,197 101,315 471,412 237,952  
Income tax expense (24,100) (22,900) (80,900) (47,800)  
Net income $ 150,097 $ 78,415 $ 390,512 $ 190,152  
Diluted earnings per share (in dollars per share) $ 1.60 $ 0.83 $ 4.11 $ 2.02  
Assets          
Inventories $ 4,655,875   $ 4,655,875   3,897,482
Property and equipment, net 72,470   72,470   65,547
Total assets 5,756,347   5,756,347   5,356,442
Stockholders’ equity:          
Retained earnings 2,218,217   2,218,217   1,868,896
Financial Service [Member]          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Lease right-of-use assets 200   200   300
Contract assets 23,100   23,100   21,500
Total revenues 5,206 $ 3,865 13,793 $ 11,108  
Selling, general and administrative expenses (1,234) (1,056) (3,687) (2,901)  
Operating income 3,972 2,809 10,106 8,207  
Total pretax income 9,381 9,664 28,529 23,081  
Assets          
Total assets 37,418   37,418   36,202
Home Building [Member]          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Lease right-of-use assets 29,896   29,896   35,967
Total revenues 1,461,896 995,148 4,035,939 2,977,810  
Construction and land costs (1,147,642) (798,495) (3,177,569) (2,429,001)  
Selling, general and administrative expenses (144,325) (107,710) (411,445) (348,082)  
Operating income 169,929 88,943 446,925 200,727  
Total pretax income 164,816 $ 91,651 442,883 $ 214,871  
Assets          
Inventories 4,655,875   4,655,875   3,897,482
Deferred tax assets, net 194,845   194,845   231,067
Property and equipment, net 72,470   72,470   65,547
Total assets $ 5,718,929   $ 5,718,929   $ 5,320,240
[1] Represents lease right-of-use assets within our homebuilding operations and financial services operations of $29.9 million and $.2 million, respectively, at August 31, 2021, and $36.0 million and $.3 million, respectively, at November 30, 2020