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Inventory Impairments and Land Option Contract Abandonments (Tables) | 6 Months Ended
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May 31, 2022
Inventory Impairments and Land Option Contract Abandonments [Abstract] |
Schedule of Significant Unobservable Inputs | The following table summarizes significant quantitative unobservable inputs we utilized in our fair value measurements with respect to the impaired communities written down to fair value:
|  | Three Months Ended May 31, |  | Six Months Ended May 31,
Unobservable Input |  | 2022 |  | 2021 |  | 2022 |  | 2021
Average selling price |  | $— |  | $— |  | $— |  | $471,000
Deliveries per month |  | — |  | — |  | — |  | 5
Discount rate |  | —% |  | —% |  | —% |  | 19%

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- Definition Inventory impairments and land option contract abandonments. + References No definition available. + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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