Quarterly Results (unaudited) (Tables)

12 Months Ended

Nov. 30, 2017

Quarterly Financial Information Disclosure [Abstract]

Consolidated quarterly results

The following tables present our consolidated quarterly results for the years ended November 30, 2017 and 2016 (in thousands, except per share amounts):

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2017
Revenues	$	818,596	$	1,002,794	$	1,144,001	$	1,403,138
Gross profits	119,697		155,382		188,110		255,442
Inventory impairment and land option contract abandonment charges	4,008		6,001		8,113		7,110
Pretax income	21,459		51,982		79,208		137,346
Net income	14,259		31,782		50,208		84,346
Earnings per share:
Basic	$	.17	$	.37	$	.58	$	.97
Diluted	.15		.33		.51		.84
2016
Revenues	$	678,371	$	811,050	$	913,283	$	1,191,942
Gross profits	108,694		121,465		151,902		167,667
Inventory impairment and land option contract abandonment charges	1,966		11,740		3,052		36,054
Pretax income	16,027		24,797		53,463		55,028
Net income	13,127		15,597		39,363		37,528
Earnings per share:
Basic	$	.15	$	.18	$	.46	$	.44
Diluted	.14		.17		.42		.40