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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Total revenues $ 1,101,423 $ 1,002,794 $ 1,973,046 $ 1,821,390
Homebuilding:        
Revenues 1,098,673 1,000,072 1,967,878 1,816,318
Construction and land costs (911,244) (846,596) (1,640,722) (1,544,676)
Selling, general and administrative expenses (113,231) (103,917) (208,955) (196,806)
Operating income 74,198 49,559 118,201 74,836
Interest income 1,278 202 2,281 400
Interest expense [1] 0 0 0 (6,307)
Equity in income of unconsolidated joint ventures     613 1,075
Total pretax income (loss) 78,308 51,982 124,353 73,441
Financial services:        
Revenues 2,750 2,722 5,168 5,072
Expenses (957) (816) (1,910) (1,635)
Income tax expense (21,000) (20,200) (138,300) (27,400)
Net income (loss) $ 57,308 $ 31,782 $ (13,947) $ 46,041
Earnings Per Share, Basic (in dollars per share) $ 0.65 $ 0.37 $ (0.16) $ 0.54
Earnings Per Share, Diluted (in dollars per share) $ 0.57 $ 0.33 $ (0.16) $ 0.49
Weighted average shares outstanding — basic (in shares) 87,581 85,445 87,370 85,285
Weighted average shares outstanding — diluted (in shares) 101,159 97,732 87,370 96,975
Cash dividends declared per common share (in dollars per share) $ 0.0250 $ 0.025 $ 0.05 $ 0.05
Homebuilding [Member]        
Homebuilding:        
Equity in income of unconsolidated joint ventures $ (322) $ (596) $ (1,167) $ 135
Total pretax income (loss) 75,154 49,165 119,315 69,064
Financial services [Member]        
Homebuilding:        
Operating income 1,793 1,906 3,258 3,437
Equity in income of unconsolidated joint ventures 1,361 911 1,780 940
Total pretax income (loss) $ 3,154 $ 2,817 $ 5,038 $ 4,377
[1] Interest incurred and interest expensed for the six months ended May 31, 2017 included a charge of $5.7 million for the early extinguishment of debt