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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Cash flows from operating activities:      
Net income $ 655,018 $ 590,177 $ 816,666
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in income of unconsolidated joint ventures (33,195) (14,984) (19,934)
Distributions of earnings from unconsolidated joint ventures 26,775 23,171 11,038
Amortization of debt issuance costs and premiums 3,483 3,381 2,322
Depreciation and amortization 37,272 36,413 32,319
Deferred income taxes 17,054 41,393 16,510
Gain on sale of investment (12,516) 0 0
Loss on early extinguishment of debt 0 0 3,598
Stock-based compensation 34,470 34,612 29,464
Inventory impairments and land option contract abandonments 4,597 11,424 37,301
Changes in assets and liabilities:      
Receivables 16,586 (12,919) (19,885)
Inventories (385,795) 426,812 (785,557)
Accounts payable, accrued expenses and other liabilities (7,241) (62,200) 53,097
Other, net 6,214 5,419 6,479
Net cash provided by operating activities 362,722 1,082,699 183,418
Cash flows from investing activities:      
Contributions to unconsolidated joint ventures (14,509) (27,694) (28,439)
Return of investments in unconsolidated joint ventures 1,992 5,100 1,900
Proceeds from sale of investment 1,709 0 0
Purchases of property and equipment, net (39,311) (35,468) (45,234)
Net cash used in investing activities (50,119) (58,062) (71,773)
Cash flows from financing activities:      
Proceeds from issuance of debt 0 0 350,000
Repayment of senior notes 0 0 (703,598)
Payment of issuance costs 0 0 (11,064)
Borrowings under revolving credit facility 0 170,000 1,685,000
Repayments under revolving credit facility 0 (320,000) (1,535,000)
Borrowings under senior unsecured term loan 0 0 360,000
Payments on mortgages and land contracts due to land sellers and other loans (917) (3,843) (567)
Issuance of common stock under employee stock plans 10,433 8,857 0
Stock repurchases and excise taxes paid (353,698) (411,438) (150,000)
Tax payments associated with stock-based compensation awards (25,016) (14,238) (15,902)
Payments of cash dividends (71,554) (56,831) (52,452)
Net cash used in financing activities (440,752) (627,493) (73,583)
Net increase (decrease) in cash and cash equivalents (128,149) 397,144 38,062
Cash and cash equivalents at beginning of year 727,342 330,198 292,136
Cash and cash equivalents at end of year $ 599,193 $ 727,342 $ 330,198