XML 82 R59.htm IDEA: XBRL DOCUMENT v3.8.0.1
Inventories (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Nov. 30, 2015
Interest Costs      
Capitalized interest at beginning of year $ 306,723 [1] $ 288,442 [1] $ 266,668
Interest incurred [2] 177,171 185,466 186,885
Interest Expense [2] (6,307) (5,900) (21,856)
Interest amortized to construction and land costs [3] (215,396) (161,285) (143,255)
Capitalized interest at end of year [1] 262,191 306,723 288,442
Loss on early extinguishment of debt (5,685) 0 0
Inventories      
Homes under construction 1,236,848 1,245,938  
Land under development 1,651,339 1,727,657  
Land held for future development or sale [4] 375,199 429,633  
Total 3,263,386 3,403,228  
Land held for future development [4] $ 21,800 63,400  
Real Estate Held for Sale Duration 1 year    
Land [Member]      
Interest Costs      
Interest amortized to construction and land costs $ (4,900) $ (700) $ (16,400)
[1] Capitalized interest amounts presented in the table reflect the gross amount of capitalized interest, as inventory impairment charges recognized, if any, are not generally allocated to specific components of inventory.
[2] Interest incurred and interest expensed for the year ended November 30, 2017 included a charge of $5.7 million for the early extinguishment of debt.
[3] Interest amortized to construction and land costs for the years ended November 30, 2017, 2016 and 2015 included $4.9 million, $.7 million and $16.4 million, respectively, related to land sales during the periods.
[4] Land held for sale totaled $21.8 million at November 30, 2017 and $63.4 million at November 30, 2016.