Inventory Impairments and Land Option Contract Abandonments (Tables)

6 Months Ended

May 31, 2018

Inventory Impairments and Land Option Contract Abandonments [Abstract]

Schedule of Significant Unobservable Inputs

The following table summarizes ranges for significant quantitative unobservable inputs we utilized in our fair value measurements with respect to the impaired communities written down to fair value during the periods presented:

	Three Months Ended May 31,		Six Months Ended May 31,
Unobservable Input (a)	2018	2017	2018	2017
Average selling price	$339,400 - $460,500	$231,000 - $399,800	$339,400 - $774,100	$231,000 - $399,800
Deliveries per month	4 - 5	3 - 4	3 - 5	3 - 4
Discount rate	17%	18%	17% - 18%	17% - 18%

(a) The ranges of inputs used in each period primarily reflect differences between the housing markets where each impacted community is located, rather than fluctuations in prevailing market conditions.