Quarterly Results (unaudited) (Tables)

12 Months Ended

Nov. 30, 2018

Quarterly Financial Information Disclosure [Abstract]

Consolidated quarterly results

The following tables present our consolidated quarterly results for the years ended November 30, 2018 and 2017 (in thousands, except per share amounts):

	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
2018
Revenues	$	871,623		$	1,101,423	$	1,225,347	$	1,348,609
Gross profits	141,192			189,222		222,893		245,931
Inventory impairment and land option contract abandonment charges	4,985			6,526		8,414		9,069
Pretax income	46,045			78,308		114,676		128,936
Net income (loss) (a)	(71,255		)	57,308		87,476		96,836
Earnings (loss) per share:
Basic	$	(.82	)	$	.65	$	.99	$	1.09
Diluted	(.82		)	.57		.87		.96
2017
Revenues	$	818,596		$	1,002,794	$	1,144,001	$	1,403,138
Gross profits	119,697			155,382		188,110		255,442
Inventory impairment and land option contract abandonment charges	4,008			6,001		8,113		7,110
Pretax income	21,459			51,982		79,208		137,346
Net income	14,259			31,782		50,208		84,346
Earnings per share:
Basic	$	.17		$	.37	$	.58	$	.97
Diluted	.15			.33		.51		.84