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Financial Services
3 Months Ended
Feb. 28, 2014
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 February 28,
 
2014
 
2013
Revenues
 
 
 
Insurance commissions
$
1,262

 
$
1,303

Title services
708

 
649

Marketing services fees
450

 
450

Interest income

 
1

Total
2,420

 
2,403

Expenses
 
 
 
General and administrative
(852
)
 
(835
)
Operating income
1,568

 
1,568

Equity in income (loss) of unconsolidated joint ventures (a)
(6
)
 
1,091

Pretax income
$
1,562

 
$
2,659


(a)
The equity in income of unconsolidated joint ventures in 2013 related to the wind down of KBA Mortgage, LLC (“KBA Mortgage”), our unconsolidated mortgage banking joint venture with a subsidiary of Bank of America, N.A., which ceased offering mortgage banking services in 2011.
 
February 28,
2014
 
November 30,
2013
Assets
 
 
 
Cash and cash equivalents
$
3,181

 
$
2,428

Receivables
699

 
2,084

Investments in unconsolidated joint ventures
5,484

 
5,490

Other assets
22

 
38

Total assets
$
9,386

 
$
10,040

Liabilities
 
 
 
Accounts payable and accrued expenses
$
2,350

 
$
2,593

Total liabilities
$
2,350

 
$
2,593