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Financial Services | 9 Months Ended
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Aug. 31, 2024
Segment Reporting [Abstract] |
Financial Services | Financial Services The following tables present financial information relating to our financial services reporting segment (in thousands):
| Three Months Ended August 31, |  | Nine Months Ended August 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues |  |  |  |  |  |  |
Insurance commissions | $ | 3,691 |  |  | $ | 4,153 |  |  | $ | 12,685 |  |  | $ | 11,537 |
Title services | 2,938 |  |  | 3,139 |  |  | 8,313 |  |  | 9,002 |
Total | 6,629 |  |  | 7,292 |  |  | 20,998 |  |  | 20,539 |
Expenses |  |  |  |  |  |  |
General and administrative | (1,608) |  |  | (1,530) |  |  | (4,627) |  |  | (4,360) |
Operating income | 5,021 |  |  | 5,762 |  |  | 16,371 |  |  | 16,179 |
Equity in income of unconsolidated joint venture | 5,932 |  |  | 4,149 |  |  | 19,422 |  |  | 11,157 |
Pretax income | $ | 10,953 |  |  | $ | 9,911 |  |  | $ | 35,793 |  |  | $ | 27,336 |
| August 31, 2024 |  | November 30, 2023
Assets |  |  |
Cash and cash equivalents | $ | 782 |  |  | $ | 266 |
Receivables | 3,655 |  |  | 2,783 |
Investment in unconsolidated joint venture | 19,743 |  |  | 19,354 |
Other assets (a) | 38,599 |  |  | 34,476 |
Total assets | $ | 62,779 |  |  | $ | 56,879 |
| August 31, 2024 |  | November 30, 2023
Liabilities |  |  |
Accounts payable and accrued expenses | $ | 2,030 |  |  | $ | 1,645 |
Total liabilities | $ | 2,030 |  |  | $ | 1,645 |
(a)Other assets at August 31, 2024 and November 30, 2023 included $38.5 million and $34.4 million, respectively, of contract assets for estimated future renewal commissions.

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