XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.23.3

Investments in Unconsolidated Joint Ventures (Tables) | 9 Months Ended
--- | ---
Aug. 31, 2023
Homebuilding |
Schedule of Equity Method Investments [Line Items] |
Schedule of Statements of operations of unconsolidated joint ventures | The following table presents combined condensed information from the statements of operations for our homebuilding unconsolidated joint ventures (in thousands):
| Three Months Ended August 31, |  | Nine Months Ended August 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenues | $ | — |  |  | $ | 1,293 |  |  | $ | 1,171 |  |  | $ | 5,251 |
Construction and land costs | — |  |  | (801) |  |  | (686) |  |  | (3,872) |
Other expense, net | (193) |  |  | (666) |  |  | (2,603) |  |  | (2,014) |
Loss | $ | (193) |  |  | $ | (174) |  |  | $ | (2,118) |  |  | $ | (635) |
Schedule of Balance sheets of unconsolidated joint ventures | The following table presents combined condensed balance sheet information for our homebuilding unconsolidated joint ventures (in thousands):
| August 31, 2023 |  | November 30, 2022
Assets |  |  |
Cash | $ | 15,787 |  |  | $ | 14,066 |
Receivables | 3,193 |  |  | 3,394 |
Inventories | 143,366 |  |  | 114,465 |
Other assets | 514 |  |  | 633 |
Total assets | $ | 162,860 |  |  | $ | 132,558 |
Liabilities and equity |  |  |
Accounts payable and other liabilities | $ | 8,917 |  |  | $ | 8,369 |
Notes payable (a) | 49,313 |  |  | 34,396 |
Equity | 104,630 |  |  | 89,793 |
Total liabilities and equity | $ | 162,860 |  |  | $ | 132,558 |
(a) As of both August 31, 2023 and November 30, 2022, one of our unconsolidated joint ventures had borrowings outstanding under a revolving line of credit it entered into with a third-party lender in April 2022 to finance its land acquisition, development and construction activities. Borrowings under this line of credit, which has a maximum commitment of $62.0 million, are secured by the underlying property and related project assets. The line of credit is scheduled to mature on April 19, 2026, unless extended or terminated pursuant to its applicable terms. None of our other unconsolidated joint ventures had outstanding debt at August 31, 2023 or November 30, 2022.
Financial services |
Schedule of Equity Method Investments [Line Items] |
Schedule of Statements of operations of unconsolidated joint ventures | The following table presents combined condensed information from the statements of operations for our financial services unconsolidated joint ventures, mostly comprised of KBHS’ activities (in thousands):
| Three Months Ended August 31, |  | Nine Months Ended August 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenues | $ | 26,000 |  |  | $ | 19,857 |  |  | $ | 74,640 |  |  | $ | 100,057 |
Expenses | (17,701) |  |  | (19,601) |  |  | (52,325) |  |  | (59,888) |
Income | $ | 8,299 |  |  | $ | 256 |  |  | $ | 22,315 |  |  | $ | 40,169 |
Schedule of Balance sheets of unconsolidated joint ventures | The following table presents combined condensed balance sheet information for our financial services unconsolidated joint venture (in thousands):
| August 31, 2023 |  | November 30, 2022
Assets |  |  |
Cash and cash equivalents | $ | 36,958 |  |  | $ | 28,120 |
Mortgage loans held for sale | 117,295 |  |  | 250,572 |
Other assets | 23,033 |  |  | 33,176 |
Total assets | $ | 177,286 |  |  | $ | 311,868 |
Liabilities and equity |  |  |
Accounts payable and other liabilities | $ | 13,549 |  |  | $ | 15,590 |
Funding facilities | 112,109 |  |  | 242,944 |
Equity | 51,628 |  |  | 53,334 |
Total liabilities and equity | $ | 177,286 |  |  | $ | 311,868 |

X
- Definition Balance Sheets of Unconsolidated Joint ventures. + References No definition available. + Details
Name: | kbh_BalanceSheetsofUnconsolidatedJointVenturesTableTextBlock
Namespace Prefix: | kbh_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Statements of operations of unconsolidated joint ventures. + References No definition available. + Details
Name: | kbh_StatementsOfOperationsOfUnconsolidatedJointVenturesTableTextBlock
Namespace Prefix: | kbh_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_ScheduleOfEquityMethodInvestmentsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ProductOrServiceAxis=us-gaap_HomeBuildingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=us-gaap_FinancialServiceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |