XML 1057 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
12 Months Ended
Nov. 30, 2018
Segment Reporting [Abstract]  
Financial information relating to company reporting segments
The following tables present financial information relating to our homebuilding reporting segments (in thousands):
 
Years Ended November 30,
 
2018
 
2017
 
2016
Revenues:
 
 
 
 
 
West Coast
$
2,085,328

 
$
2,186,411

 
$
1,638,078

Southwest
707,075

 
533,052

 
447,473

Central
1,239,305

 
1,188,839

 
1,018,535

Southeast
502,087

 
447,963

 
478,857

Total
$
4,533,795

 
$
4,356,265

 
$
3,582,943

Pretax income (loss):
 
 
 
 
 
West Coast
$
240,337

 
$
217,649

 
$
148,014

Southwest
91,017

 
45,540

 
38,807

Central
117,609

 
116,098

 
85,924

Southeast
7,624

 
(509
)
 
(29,385
)
Corporate and other
(105,286
)
 
(101,851
)
 
(98,511
)
Total
$
351,301

 
$
276,927

 
$
144,849

 
 
 
 
 
 
Equity in income (loss) of unconsolidated joint ventures:
 
 
 
 
 
West Coast
$
(966
)
 
$
(1,770
)
 
$
(1,561
)
Southwest
3,033

 
362

 
(618
)
Central

 

 

Southeast
(1
)
 
(1
)
 
(2
)
Total
$
2,066

 
$
(1,409
)
 
$
(2,181
)
 
 
 
 
 
 
Inventory impairment charges:
 
 
 
 
 
West Coast
$
19,169

 
$
13,482

 
$
8,209

Southwest

 
3,445

 
3,191

Central
1,463

 

 
10,633

Southeast
5,472

 
3,678

 
27,547

Total
$
26,104

 
$
20,605

 
$
49,580

 
 
 
 
 
 
Land option contract abandonment charges:
 
 
 
 
 
West Coast
$
1,212

 
$
3,225

 
$
769

Southwest
432

 

 
253

Central
1,095

 
846

 
460

Southeast
151

 
556

 
1,750

Total
$
2,890

 
$
4,627

 
$
3,232


 
November 30,
 
2018
 
2017
Inventories:
 
 
 
Homes under construction
 
 
 
West Coast
$
514,099

 
$
638,639

Southwest
173,036

 
179,240

Central
312,366

 
320,205

Southeast
125,651

 
98,764

Subtotal
1,125,152

 
1,236,848

Land under development
 
 
 
West Coast
1,059,432

 
723,761

Southwest
404,201

 
309,672

Central
543,472

 
435,373

Southeast
212,831

 
182,533

Subtotal
2,219,936

 
1,651,339

Land held for future development or sale
 
 
 
West Coast
154,462

 
233,188

Southwest
21,137

 
62,475

Central
9,346

 
12,654

Southeast
52,806

 
66,882

Subtotal
237,751

 
375,199

Total
$
3,582,839

 
$
3,263,386

 
 
 
 
Investments in unconsolidated joint ventures:
 
 
 
West Coast
$
56,128

 
$
53,506

Southwest
3,327

 
8,784

Central

 

Southeast
2,505

 
2,504

Total
$
61,960

 
$
64,794

 
 
 
 
Assets:
 
 
 
West Coast
$
1,880,516

 
$
1,747,786

Southwest
631,509

 
586,666

Central
1,017,490

 
901,516

Southeast
463,224

 
359,307

Corporate and other
1,068,452

 
1,433,883

Total
$
5,061,191

 
$
5,029,158