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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
May 31, 2013
May 31, 2012
Cash flows from operating activities:    
Net loss $ (15,431) $ (69,938)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in income (loss) of unconsolidated joint venture (85) 226
Distributions of earnings from unconsolidated joint ventures 1,638 0
Amortization of discounts and issuance costs 2,387 1,347
Depreciation and amortization 940 781
Loss on early extinguishment of debt 0 2,003
Stock-based compensation 2,044 3,205
Inventory impairments and land option contract abandonments 284 16,509
Change in assets and liabilities:    
Receivables (405) 16,795
Inventories (290,661) (16,131)
Accounts payable, accrued expenses and other liabilities 32,210 (40,214)
Other, net (521) (4,464)
Net cash used in operating activities (267,600) (89,881)
Cash flows from investing activities:    
Return of investments in (contributions to) unconsolidated joint ventures (5,651) 4,550
Purchases of property and equipment, net (752) (592)
Net cash provided by (used in) investing activities (6,403) 3,958
Cash flows from financing activities:    
Change in restricted cash 40 1,299
Proceeds from issuance of debt 230,000 344,831
Payment of debt issuance costs (10,086) (6,751)
Repayment of senior notes 0 (340,481)
Payments on mortgages and land contracts due to land sellers and other loans (37,830) (6,695)
Proceeds from issuance of common stock, net 109,503 0
Issuance of common stock under employee stock plans 2,106 353
Payments of cash dividends (4,179) (6,746)
Stock repurchases (33) 0
Net cash provided by (used in) financing activities 289,521 (14,190)
Net increase (decrease) in cash and cash equivalents 15,518 (100,113)
Cash and cash equivalents at beginning of period 525,688 418,074
Cash and cash equivalents at end of period $ 541,206 $ 317,961