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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
May 31, 2014
Feb. 28, 2014
May 31, 2013
Feb. 28, 2013
May 31, 2014
May 31, 2013
Total revenues $ 565,007   $ 524,406   $ 1,015,694 $ 929,625
Homebuilding:            
Revenues 562,396   521,788   1,010,663 924,604
Construction and land costs (456,560)   (442,998)   (825,834) (786,263)
Selling, general and administrative expenses (71,544)   (70,099)   (132,818) (129,196)
Operating income 34,292   8,691   52,011 9,145
Interest income 115   232   283 436
Interest expense (8,558)   (14,507)   (19,834) (29,747)
Equity in income (loss) of unconsolidated joint ventures         1,900 85
Total pretax income (loss) 26,924   (4,173)   37,687 (16,531)
Financial services:            
Revenues 2,611   2,618   5,031 5,021
Expenses (852)   (636)   (1,704) (1,471)
Income tax benefit (expense) (300)   1,200   (500) 1,100
Net income (loss) 26,624   (2,973)   37,187 (15,431)
Earnings Per Share, Basic, in dollars per share $ 0.30   $ (0.04)   $ 0.43 $ (0.19)
Earnings Per Share, Diluted, in dollars per share $ 0.27   $ (0.04)   $ 0.40 $ (0.19)
Weighted Average Number of Shares Outstanding, Basic 89,529   83,605   86,668 81,526
Weighted Average Number of Shares Outstanding, Diluted 99,508   83,605   96,759 81,526
Cash dividends declared per common share $ 0.0250 $ 0.0250 $ 0.0250 $ 0.025 $ 0.05 $ 0.05
Homebuilding [Member]
           
Total revenues 562,396   521,788   1,010,663 924,604
Homebuilding:            
Equity in income (loss) of unconsolidated joint ventures (678)   (567)   1,912 (1,002)
Total pretax income (loss) 25,171   (6,151)   34,372 (21,168)
Financial services [Member]
           
Total revenues 2,611   2,618   5,031 5,021
Homebuilding:            
Operating income 1,759   1,982   3,327 3,550
Equity in income (loss) of unconsolidated joint ventures (6) [1]   (4) [1]   (12) [1] 1,087 [1]
Total pretax income (loss) $ 1,753   $ 1,978   $ 3,315 $ 4,637
[1] Equity in income of unconsolidated joint ventures for the six months ended May 31, 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.