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Supplemental Guarantor Information (Tables)
 6 Months Ended
May. 31, 2015
Guarantees [Abstract]  
Condensed Consolidated Statements of Operations
Condensed Consolidating Statements of Operations (in thousands)
 
Six Months Ended May 31, 2015
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Revenues
$
—

 
$
1,104,232

 
$
98,858

 
$
—

 
$
1,203,090

Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
—

 
$
1,104,232

 
$
94,460

 
$
—

 
$
1,198,692

Construction and land costs
—

 
(928,269
)
 
(88,559
)
 
—

 
(1,016,828
)
Selling, general and administrative expenses
(35,346
)
 
(100,269
)
 
(13,989
)
 
—

 
(149,604
)
Operating income (loss)
(35,346
)
 
75,694

 
(8,088
)
 
—

 
32,260

Interest income
251

 
4

 
—

 
—

 
255

Interest expense
(91,253
)
 
(2,949
)
 
—

 
80,746

 
(13,456
)
Intercompany interest
144,184

 
(58,577
)
 
(4,861
)
 
(80,746
)
 
—

Equity in loss of unconsolidated joint ventures
—

 
(758
)
 
—

 
—

 
(758
)
Homebuilding pretax income (loss)
17,836

 
13,414

 
(12,949
)
 
—

 
18,301

Financial services pretax income
—

 
—

 
4,871

 
—

 
4,871

Total pretax income (loss)
17,836

 
13,414

 
(8,078
)
 
—

 
23,172

Income tax benefit (expense)
(3,400
)
 
(3,600
)
 
1,200

 
—

 
(5,800
)
Equity in net income of subsidiaries
2,936

 
—

 
—

 
(2,936
)
 
—

Net income (loss)
$
17,372

 
$
9,814

 
$
(6,878
)
 
$
(2,936
)
 
$
17,372


 
Six Months Ended May 31, 2014
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Revenues
$
—

 
$
907,223

 
$
108,471

 
$
—

 
$
1,015,694

Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
—

 
$
907,223

 
$
103,440

 
$
—

 
$
1,010,663

Construction and land costs
—

 
(737,764
)
 
(88,070
)
 
—

 
(825,834
)
Selling, general and administrative expenses
(31,495
)
 
(83,790
)
 
(17,533
)
 
—

 
(132,818
)
Operating income (loss)
(31,495
)
 
85,669

 
(2,163
)
 
—

 
52,011

Interest income
276

 
6

 
1

 
—

 
283

Interest expense
(79,679
)
 
(2,760
)
 
—

 
62,605

 
(19,834
)
Intercompany interest
130,431

 
(63,349
)
 
(4,477
)
 
(62,605
)
 
—

Equity in income (loss) of unconsolidated joint ventures
—

 
(1,381
)
 
3,293

 
—

 
1,912

Homebuilding pretax income (loss)
19,533

 
18,185

 
(3,346
)
 
—

 
34,372

Financial services pretax income
—

 
—

 
3,315

 
—

 
3,315

Total pretax income (loss)
19,533

 
18,185

 
(31
)
 
—

 
37,687

Income tax expense
(50
)
 
(400
)
 
(50
)
 
—

 
(500
)
Equity in net income of subsidiaries
17,704

 
—

 
—

 
(17,704
)
 
—

Net income (loss)
$
37,187

 
$
17,785

 
$
(81
)
 
$
(17,704
)
 
$
37,187


 
Three Months Ended May 31, 2015
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Revenues
$
—

 
$
569,956

 
$
53,013

 
$
—

 
$
622,969

Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
—

 
$
569,956

 
$
50,848

 
$
—

 
$
620,804

Construction and land costs
—

 
(477,129
)
 
(47,281
)
 
—

 
(524,410
)
Selling, general and administrative expenses
(19,674
)
 
(51,764
)
 
(7,094
)
 
—

 
(78,532
)
Operating income (loss)
(19,674
)
 
41,063

 
(3,527
)
 
—

 
17,862

Interest income
150

 
1

 
1

 
—

 
152

Interest expense
(47,710
)
 
(1,489
)
 
—

 
41,081

 
(8,118
)
Intercompany interest
73,751

 
(30,172
)
 
(2,498
)
 
(41,081
)
 
—

Equity in loss of unconsolidated joint ventures
—

 
(409
)
 
(2
)
 
—

 
(411
)
Homebuilding pretax income (loss)
6,517

 
8,994

 
(6,026
)
 
—

 
9,485

Financial services pretax income
—

 
—

 
3,188

 
—

 
3,188

Total pretax income (loss)
6,517

 
8,994

 
(2,838
)
 
—

 
12,673

Income tax benefit (expense)
(1,200
)
 
(2,300
)
 
400

 
—

 
(3,100
)
Equity in net income of subsidiaries
4,256

 
—

 
—

 
(4,256
)
 
—

Net income (loss)
$
9,573

 
$
6,694

 
$
(2,438
)
 
$
(4,256
)
 
$
9,573

 
Three Months Ended May 31, 2014
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Revenues
$
—

 
$
515,045

 
$
49,962

 
$
—

 
$
565,007

Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
—

 
$
515,045

 
$
47,351

 
$
—

 
$
562,396

Construction and land costs
—

 
(416,412
)
 
(40,148
)
 
—

 
(456,560
)
Selling, general and administrative expenses
(15,751
)
 
(46,709
)
 
(9,084
)
 
—

 
(71,544
)
Operating income (loss)
(15,751
)
 
51,924

 
(1,881
)
 
—

 
34,292

Interest income
109

 
5

 
1

 
—

 
115

Interest expense
(41,671
)
 
(1,488
)
 
—

 
34,601

 
(8,558
)
Intercompany interest
70,709

 
(33,275
)
 
(2,833
)
 
(34,601
)
 
—

Equity in loss of unconsolidated joint ventures
—

 
(678
)
 
—

 
—

 
(678
)
Homebuilding pretax income (loss)
13,396

 
16,488

 
(4,713
)
 
—

 
25,171

Financial services pretax income
—

 
—

 
1,753

 
—

 
1,753

Total pretax income (loss)
13,396

 
16,488

 
(2,960
)
 
—

 
26,924

Income tax expense
(50
)
 
(200
)
 
(50
)
 
—

 
(300
)
Equity in net income of subsidiaries
13,278

 
—

 
—

 
(13,278
)
 
—

Net income (loss)
$
26,624

 
$
16,288

 
$
(3,010
)
 
$
(13,278
)
 
$
26,624
Condensed Consolidated Balance Sheets
Condensed Consolidating Balance Sheets (in thousands)
 
May 31, 2015
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Assets
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
374,375

 
$
59,410

 
$
6,135

 
$
—

 
$
439,920

Restricted cash
27,213

 
—

 
—

 
—

 
27,213

Receivables
49

 
148,316

 
3,213

 
—

 
151,578

Inventories
—

 
3,144,547

 
249,125

 
—

 
3,393,672

Investments in unconsolidated joint ventures
—

 
77,935

 
—

 
—

 
77,935

Deferred tax assets, net
216,592

 
546,046

 
56,894

 
—

 
819,532

Other assets
102,173

 
13,605

 
1,967

 
—

 
117,745

 
720,402

 
3,989,859

 
317,334

 
—

 
5,027,595

Financial services
—

 
—

 
11,465

 
—

 
11,465

Intercompany receivables
3,768,434

 
—

 
104,781

 
(3,873,215
)
 
—

Investments in subsidiaries
39,500

 
—

 
—

 
(39,500
)
 
—

Total assets
$
4,528,336

 
$
3,989,859

 
$
433,580

 
$
(3,912,715
)
 
$
5,039,060

Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
$
130,086

 
$
370,824

 
$
100,819

 
$
—

 
$
601,729

Notes payable
2,763,907

 
55,603

 
—

 
—

 
2,819,510

 
2,893,993

 
426,427

 
100,819

 
—

 
3,421,239

Financial services
—

 
—

 
1,985

 
—

 
1,985

Intercompany payables
18,507

 
3,563,432

 
291,276

 
(3,873,215
)
 
—

Stockholders’ equity
1,615,836

 
—

 
39,500

 
(39,500
)
 
1,615,836

Total liabilities and stockholders’ equity
$
4,528,336

 
$
3,989,859

 
$
433,580

 
$
(3,912,715
)
 
$
5,039,060



 
November 30, 2014
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Assets
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
303,280

 
$
38,124

 
$
14,962

 
$
—

 
$
356,366

Restricted cash
27,235

 
—

 
—

 
—

 
27,235

Receivables
15

 
123,024

 
2,449

 
—

 
125,488

Inventories
—

 
2,980,056

 
238,331

 
—

 
3,218,387

Investments in unconsolidated joint ventures
—

 
79,441

 
—

 
—

 
79,441

Deferred tax assets, net
215,923

 
552,653

 
56,656

 
—

 
825,232

Other assets
99,099

 
13,922

 
1,894

 
—

 
114,915

 
645,552

 
3,787,220

 
314,292

 
—

 
4,747,064

Financial services
—

 
—

 
10,486

 
—

 
10,486

Intercompany receivables
3,582,612

 
—

 
112,919

 
(3,695,531
)
 
—

Investments in subsidiaries
39,356

 
—

 
—

 
(39,356
)
 
—

Total assets
$
4,267,520

 
$
3,787,220

 
$
437,697

 
$
(3,734,887
)
 
$
4,757,550

Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
$
138,298

 
$
331,361

 
$
112,939

 
$
—

 
$
582,598

Notes payable
2,513,165

 
63,360

 
—

 
—

 
2,576,525

 
2,651,463

 
394,721

 
112,939

 
—

 
3,159,123

Financial services
—

 
—

 
2,517

 
—

 
2,517

Intercompany payables
20,147

 
3,392,499

 
282,885

 
(3,695,531
)
 
—

Stockholders’ equity
1,595,910

 
—

 
39,356

 
(39,356
)
 
1,595,910

Total liabilities and stockholders’ equity
$
4,267,520

 
$
3,787,220

 
$
437,697

 
$
(3,734,887
)
 
$
4,757,550
Condensed Consolidated Statements of Cash Flows
Condensed Consolidating Statements of Cash Flows (in thousands)
 
Six Months Ended May 31, 2015
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Net cash provided by (used in) operating activities
$
17,630

 
$
(117,666
)
 
$
(35,864
)
 
$
—

 
$
(135,900
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Contributions to unconsolidated joint ventures
—

 
(13,242
)
 
(2
)
 
—

 
(13,244
)
Purchases of property and equipment, net
(399
)
 
(1,165
)
 
(26
)
 
—

 
(1,590
)
Intercompany
(187,947
)
 
—

 
—

 
187,947

 
—

Net cash used in investing activities
(188,346
)
 
(14,407
)
 
(28
)
 
187,947

 
(14,834
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Change in restricted cash
22

 
—

 
—

 
—

 
22

Proceeds from issuance of debt
250,000

 
—

 
—

 
—

 
250,000

Payment of debt issuance costs
(3,337
)
 
—

 
—

 
—

 
(3,337
)
Payments on mortgages and land contracts due to land sellers and other loans
—

 
(7,757
)
 
—

 
—

 
(7,757
)
Issuance of common stock under employee stock plans
25

 
—

 
—

 
—

 
25

Payments of cash dividends
(4,599
)
 
—

 
—

 
—

 
(4,599
)
Stock repurchases
(300
)
 
—

 
—

 
—

 
(300
)
Intercompany
—

 
161,116

 
26,831

 
(187,947
)
 
—

Net cash provided by financing activities
241,811

 
153,359

 
26,831

 
(187,947
)
 
234,054

Net increase (decrease) in cash and cash equivalents
71,095

 
21,286

 
(9,061
)
 
—

 
83,320

Cash and cash equivalents at beginning of period
303,280

 
38,124

 
17,364

 
—

 
358,768

Cash and cash equivalents at end of period
$
374,375

 
$
59,410

 
$
8,303

 
$
—

 
$
442,088


 
Six Months Ended May 31, 2014
 
KB Home
Corporate
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Total
Net cash provided by (used in) operating activities
$
46,425

 
$
(549,367
)
 
$
(51,587
)
 
$
—

 
$
(554,529
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Contributions to unconsolidated joint ventures
—

 
(15,994
)
 
(248
)
 
—

 
(16,242
)
Proceeds from sale of investment in unconsolidated joint venture
—

 
—

 
10,110

 
—

 
10,110

Purchases of property and equipment, net
(84
)
 
(2,539
)
 
(389
)
 
—

 
(3,012
)
Intercompany
(635,273
)
 
—

 
—

 
635,273

 
—

Net cash provided by (used in) investing activities
(635,357
)
 
(18,533
)
 
9,473

 
635,273

 
(9,144
)
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Change in restricted cash
(2,331
)
 
—

 
—

 
—

 
(2,331
)
Proceeds from issuance of debt
400,000

 
—

 
—

 
—

 
400,000

Payment of debt issuance costs
(5,448
)
 
—

 
—

 
—

 
(5,448
)
Payments on mortgages and land contracts due to land sellers and other loans
—

 
(6,476
)
 
—

 
—

 
(6,476
)
Proceeds from issuance of common stock, net
137,045

 
—

 
—

 
—

 
137,045

Issuance of common stock under employee stock plans
64

 
—

 
—

 
—

 
64

Payments of cash dividends
(4,388
)
 
—

 
—

 
—

 
(4,388
)
Stock repurchases
(46
)
 
—

 
—

 
—

 
(46
)
Intercompany
—

 
598,451

 
36,822

 
(635,273
)
 
—

Net cash provided by financing activities
524,896

 
591,975

 
36,822

 
(635,273
)
 
518,420

Net increase (decrease) in cash and cash equivalents
(64,036
)
 
24,075

 
(5,292
)
 
—

 
(45,253
)
Cash and cash equivalents at beginning of period
476,847

 
39,952

 
15,724

 
—

 
532,523

Cash and cash equivalents at end of period
$
412,811

 
$
64,027

 
$
10,432

 
$
—

 
$
487,270