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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Nov. 30, 2012
Aug. 31, 2012
May 31, 2012
Feb. 29, 2012
Nov. 30, 2011
Aug. 31, 2011
May 31, 2011
Feb. 28, 2011
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2010
Total revenues $ 578,201 $ 424,504 $ 302,852 $ 254,558 $ 479,872 $ 367,316 $ 271,738 $ 196,940 $ 1,560,115 $ 1,315,866 $ 1,589,996
Homebuilding:                      
Revenues                 1,548,432 1,305,562 1,581,763
Construction and land costs                 (1,317,529) (1,129,985) (1,308,288)
Selling, general and administrative expenses                 (251,159) (247,886) (289,520)
Loss on loan guaranty             (14,600) (22,800) 0 (30,765) 0
Operating loss                 (20,256) (103,074) (16,045)
Interest income                 518 871 2,098
Interest expense                 (69,804) (49,204) (68,307)
Equity in loss of unconsolidated joint ventures                 (394) (55,839) (6,257)
Homebuilding pretax loss                 (89,936) (207,246) (88,511)
Financial services:                      
Revenues                 11,683 10,304 8,233
Expenses                 (2,991) (3,512) (3,119)
Equity in income/gain on wind down of unconsolidated joint venture                 2,191 19,286 7,029
Financial services pretax income                 10,883 26,078 12,143
Total pretax loss 2,424 (7,439) (28,636) (45,402) 11,411 (9,649) (68,804) (114,126) (79,053) (181,168) (76,368)
Income tax benefit                 20,100 2,400 7,000
Net loss $ 7,724 $ 3,261 $ (24,136) $ (45,802) $ 13,911 $ (9,649) $ (68,504) $ (114,526) $ (58,953) $ (178,768) $ (69,368)
Basic and diluted loss per share $ 0.10 $ 0.04 $ (0.31) $ (0.59) $ 0.18 $ (0.13) $ (0.89) $ (1.49) $ (0.76) $ (2.32) $ (0.90)
Basic and diluted average shares outstanding                 77,106 77,043 76,889