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Segment Information
 9 Months Ended
Aug. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We have identified five operating reporting segments, comprised of four homebuilding reporting segments and one financial services reporting segment. As of August 31, 2024, our homebuilding reporting segments conducted ongoing operations in the following states:
West Coast:California, Idaho and Washington
Southwest:Arizona and Nevada
Central:Colorado and Texas
Southeast:Florida and North Carolina
Our homebuilding reporting segments are engaged in the acquisition and development of land primarily for residential purposes and offer a wide variety of homes that are designed to appeal to first-time, first move-up and active adult homebuyers. Our homebuilding operations generate most of their revenues from the delivery of completed homes to homebuyers. They also earn revenues from the sale of land.
Our financial services reporting segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to our homebuyers in the same markets as our homebuilding reporting segments, and provides title services in the majority of our markets located within our Southwest, Central and Southeast homebuilding reporting segments. Our financial services reporting segment earns revenues primarily from insurance commissions and from the provision of title services.
We offer mortgage banking services, including residential consumer mortgage loan (“mortgage loan”) originations, to our homebuyers indirectly through KBHS Home Loans, LLC (“KBHS”), our unconsolidated joint venture with GR Alliance Ventures, LLC (“GR Alliance”), a subsidiary of Guaranteed Rate, Inc. We and GR Alliance each have a 50.0% ownership interest, with GR Alliance providing management oversight of KBHS’ operations.
Our reporting segments follow the same accounting policies used for our consolidated financial statements. The results of each reporting segment are not necessarily indicative of the results that would have occurred had the segment been an independent, stand-alone entity during the periods presented, nor are they indicative of the results to be expected in future periods.
The following tables present financial information relating to our homebuilding reporting segments (in thousands):
 Three Months Ended August 31,Nine Months Ended August 31,
 2024202320242023
Revenues:
West Coast$760,617 $506,802 $2,017,336 $1,611,171 
Southwest312,812 306,284 954,602 881,699 
Central372,862 506,640 1,069,136 1,441,805 
Southeast299,688 259,993 868,115 781,427 
Total
$1,745,979 $1,579,719 $4,909,189 $4,716,102 
Pretax income (loss):
West Coast$99,222 $55,034 $252,099 $169,683 
Southwest54,826 46,193 165,302 147,341 
Central43,304 75,421 128,446 213,239 
Southeast33,003 38,495 103,827 110,951 
Corporate and other (33,879)(30,521)(82,254)(96,875)
Total $196,476 $184,622 $567,420 $544,339 
 Three Months Ended August 31,Nine Months Ended August 31,
 2024202320242023
Inventory impairment and land option contract abandonment charges:
West Coast$496 $400 $2,441 $4,348 
Southwest— — 116 — 
Central469 231 725 2,310 
Southeast212 — 403 3,549 
Total$1,177 $631 $3,685 $10,207 
August 31,
2024		November 30,
2023
Assets:
West Coast$3,117,670 $2,638,455 
Southwest962,585 908,578 
Central1,068,714 1,158,949 
Southeast1,041,912 939,997 
Corporate and other586,220 945,504 
Total $6,777,101 $6,591,483