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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Aug. 31, 2014
May 31, 2014
Feb. 28, 2014
Aug. 31, 2013
May 31, 2013
Feb. 28, 2013
Aug. 31, 2014
Aug. 31, 2013
Total revenues $ 589,214     $ 548,974     $ 1,604,908 $ 1,478,599
Homebuilding:                
Revenues 586,231     545,800     1,596,894 1,470,404
Construction and land costs (479,424)     (446,381)     (1,305,258) (1,232,644)
Selling, general and administrative expenses (72,897)     (63,456)     (205,715) (192,652)
Operating income 33,910     35,963     85,921 45,108
Interest income 110     193     393 629
Interest expense (6,455)     (11,326)     (26,289) (41,073)
Equity in income (loss) of unconsolidated joint ventures             872 (577)
Total pretax income (loss) 28,661     26,578     66,348 10,047
Financial services:                
Revenues 2,983     3,174     8,014 8,195
Expenses (859)     (764)     (2,563) (2,235)
Income tax benefit (expense) (300)     700     (800) 1,800
Net income 28,361     27,278     65,548 11,847
Earnings Per Share, Basic, in dollars per share $ 0.31     $ 0.32     $ 0.74 $ 0.14
Earnings Per Share, Diluted, in dollars per share $ 0.28     $ 0.30     $ 0.68 $ 0.14
Weighted Average Number of Shares Outstanding, Basic 91,793     83,714     88,389 82,261
Weighted Average Number of Shares Outstanding, Diluted 102,070     94,047     98,614 84,289
Cash dividends declared per common share $ 0.0250 $ 0.0250 $ 0.0250 $ 0.0250 $ 0.025 $ 0.025 $ 0.0750 $ 0.0750
Homebuilding [Member]
               
Total revenues 586,231     545,800     1,596,894 1,470,404
Homebuilding:                
Equity in income (loss) of unconsolidated joint ventures (751)     (656)     1,161 (1,658)
Total pretax income (loss) 26,814     24,174     61,186 3,006
Financial services [Member]
               
Total revenues 2,983     3,174     8,014 8,195
Homebuilding:                
Operating income 2,124     2,410     5,451 5,960
Equity in income (loss) of unconsolidated joint ventures (277) [1]     (6) [1]     (289) [1] 1,081 [1]
Total pretax income (loss) $ 1,847     $ 2,404     $ 5,162 $ 7,041
[1] (a)Equity in loss of unconsolidated joint ventures for the three months and nine months ended August 31, 2014 primarily related to HCM. Equity in income of unconsolidated joint ventures for the nine months ended August 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.