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Financial Services | 9 Months Ended
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Aug. 31, 2025
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,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues |  |  |  |  |  |  |
Insurance commissions | $ | 3,331 |  |  | $ | 3,691 |  |  | $ | 8,268 |  |  | $ | 12,685 |
Title services | 2,681 |  |  | 2,938 |  |  | 7,349 |  |  | 8,313 |
Total | 6,012 |  |  | 6,629 |  |  | 15,617 |  |  | 20,998 |
Expenses |  |  |  |  |  |  |
General and administrative | (1,580) |  |  | (1,608) |  |  | (4,689) |  |  | (4,627) |
Operating income | 4,432 |  |  | 5,021 |  |  | 10,928 |  |  | 16,371 |
Equity in income of unconsolidated joint venture | 4,254 |  |  | 5,932 |  |  | 13,445 |  |  | 19,422 |
Pretax income | $ | 8,686 |  |  | $ | 10,953 |  |  | $ | 24,373 |  |  | $ | 35,793 |
| August 31, 2025 |  | November 30, 2024
Assets |  |  |
Cash and cash equivalents | $ | 1,712 |  |  | $ | 1,220 |
Receivables | 4,256 |  |  | 5,407 |
Investment in unconsolidated joint venture | 15,386 |  |  | 21,997 |
Other assets (a) | 38,424 |  |  | 38,299 |
Total assets | $ | 59,778 |  |  | $ | 66,923 |
Liabilities |  |  |
Accounts payable and accrued expenses | $ | 2,983 |  |  | $ | 2,719 |
Total liabilities | $ | 2,983 |  |  | $ | 2,719 |
(a)Other assets at August 31, 2025 and November 30, 2024 included $38.4 million and $38.2 million, respectively, of contract assets for estimated future renewal commissions.

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