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Investments in Unconsolidated Joint Ventures (Tables)
 6 Months Ended
May 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Statements of Operations of Unconsolidated Joint Ventures
The following table presents combined condensed information from the statements of operations of our unconsolidated joint ventures (in thousands):
 
Three Months Ended May 31,
 
Six Months Ended May 31,
 
2018
 
2017
 
2018
 
2017
Revenues
$
7,827

 
$
7,080

 
$
16,624

 
$
26,802

Construction and land costs
(7,839
)
 
(6,898
)
 
(16,655
)
 
(24,793
)
Other expense, net
(611
)
 
(1,157
)
 
(1,983
)
 
(2,253
)
Loss
$
(623
)
 
$
(975
)
 
$
(2,014
)
 
$
(244
)
Balance Sheets of Unconsolidated Joint Ventures
The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
 
May 31,
2018
 
November 30,
2017
Assets
 
 
 
Cash
$
17,237

 
$
21,193

Receivables
226

 
688

Inventories
143,136

 
145,519

Other assets
959

 
1,398

Total assets
$
161,558

 
$
168,798

 
 
 
 
Liabilities and equity
 
 
 
Accounts payable and other liabilities
$
22,744

 
$
25,426

Notes payable (a)
9,536

 
20,040

Equity
129,278

 
123,332

Total liabilities and equity
$
161,558

 
$
168,798


(a)
As of May 31, 2018 and November 30, 2017, two of our unconsolidated joint ventures had separate construction loan agreements with different third-party lenders to finance their respective land development activities. The outstanding debt under these agreements is secured by the corresponding underlying property and related project assets and is non-recourse to us. Of this outstanding secured debt at May 31, 2018, $9.1 million is scheduled to mature in August 2018 and the remainder is scheduled to mature in February 2020. None of our other unconsolidated joint ventures had outstanding debt at May 31, 2018 or November 30, 2017
Information Related Investments in Unconsolidated Joint Ventures
The following table presents additional information relating to our investments in unconsolidated joint ventures (dollars in thousands):
 
 
May 31,
2018
 
November 30,
2017
Number of investments in unconsolidated joint ventures
 
7

 
7

Investments in unconsolidated joint ventures
 
$
69,015

 
$
64,794

Number of unconsolidated joint venture lots controlled under land option contracts and other similar contracts
 
354

 
377