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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Cash flows from operating activities:    
Net income $ 14,259 $ 13,127
Adjustments to reconcile net income to net cash used in operating activities:    
Equity in (income) loss of unconsolidated joint ventures (760) 1,190
Amortization of discounts and issuance costs 1,665 1,881
Depreciation and amortization 802 900
Deferred income taxes 7,100 2,800
Loss on early extinguishment of debt 5,685 0
Stock-based compensation 3,152 2,893
Inventory impairments and land option contract abandonments 4,008 1,966
Changes in assets and liabilities:    
Receivables (6,788) 3,999
Inventories (36,878) (150,265)
Accounts payable, accrued expenses and other liabilities (64,105) (20,558)
Other, net (5,182) (1,246)
Net cash used in operating activities (77,042) (143,313)
Cash flows from investing activities:    
Contributions to unconsolidated joint ventures (8,750) (291)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 1,107 0
Purchases of property and equipment, net (1,015) (1,413)
Net cash used in investing activities (8,658) (1,704)
Cash flows from financing activities:    
Change in restricted cash 0 4,987
Repayment of senior notes (105,326) 0
Payments on mortgages and land contracts due to land sellers and other loans (45,428) (5,659)
Issuance of common stock under employee stock plans 662 0
Payments of cash dividends (2,215) (2,270)
Stock repurchases (2,543) (87,526)
Net cash used in financing activities (154,850) (90,468)
Net decrease in cash and cash equivalents (240,550) (235,485)
Cash and cash equivalents at beginning of period 593,000 560,341
Cash and cash equivalents at end of period $ 352,450 $ 324,856