Financial Services (Tables)

6 Months Ended

May 31, 2020

Segment Reporting Information [Line Items]

Financial Services Income (Loss)

The following tables present financial information relating to our financial services reporting segment (in thousands):

	Three Months Ended May 31,						Six Months Ended May 31,
	2020			2019			2020			2019
Revenues
Insurance commissions	$	2,030		$	1,646		$	3,983		$	3,118
Title services	1,660			1,486			3,260			2,703
Interest income	—			—			—			6
Total	3,690			3,132			7,243			5,827
Expenses
General and administrative	(883		)	(1,040		)	(1,845		)	(2,064		)
Operating income	2,807			2,092			5,398			3,763
Equity in income of unconsolidated joint ventures	4,797			2,500			8,019			3,302
Pretax income	$	7,604		$	4,592		$	13,417		$	7,065

Financial Service [Member]

Segment Reporting Information [Line Items]

Schedule of Financial Services Assets and Liabilities

	May 31, 2020		November 30, 2019
Assets
Cash and cash equivalents	$	1,027	$	1,044
Receivables	1,690		2,232
Investments in unconsolidated joint ventures	14,243		14,374
Other assets (a)	21,897		20,746
Total assets	$	38,857	$	38,396
Liabilities
Accounts payable and accrued expenses	$	1,848	$	2,058
Total liabilities	$	1,848	$	2,058

(a)

Other assets at May 31, 2020 and November 30, 2019 included $21.5 million and $20.6 million, respectively, of contract assets for estimated future renewal commissions related to then-existing insurance policies.