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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2019
May 31, 2018
May 31, 2019
May 31, 2018
Total revenues $ 1,021,803 $ 1,101,423 $ 1,833,286 $ 1,973,046
Equity in income of unconsolidated joint ventures     2,527 613
Total pretax income 56,761 78,308 91,272 124,353
Income tax expense (9,300) (21,000) (13,800) (138,300)
Net income (loss) $ 47,461 $ 57,308 $ 77,472 $ (13,947)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.54 $ 0.65 $ 0.88 $ (0.16)
Diluted (in dollars per share) $ 0.51 $ 0.57 $ 0.82 $ (0.16)
Weighted average shares outstanding:        
Basic (in shares) 87,641 87,581 87,310 87,370
Diluted (in shares) 92,366 101,159 94,635 87,370
Cash dividends declared per common share (in dollars per share) $ 0.0250 $ 0.025 $ 0.05 $ 0.05
Home Building [Member]        
Total revenues $ 1,018,671 $ 1,098,673 $ 1,827,459 $ 1,967,878
Costs of goods and services sold (843,744) (911,244) (1,514,599) (1,640,722)
Selling, general and administrative expenses (122,828) (113,231) (229,422) (208,955)
Operating income 52,099 74,198 83,438 118,201
Interest income 439 1,278 1,544 2,281
Equity in income of unconsolidated joint ventures (369) (322) (775) (1,167)
Total pretax income 52,169 75,154 84,207 119,315
Financial Service [Member]        
Total revenues 3,132 2,750 5,827 5,168
Selling, general and administrative expenses (1,040) (957) (2,064) (1,910)
Operating income 2,092 1,793 3,763 3,258
Equity in income of unconsolidated joint ventures 2,500 1,361 3,302 1,780
Total pretax income $ 4,592 $ 3,154 $ 7,065 $ 5,038