Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2020	Aug. 31, 2019
Cash flows from operating activities:
Net income	$ 190,152	$ 145,608
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in income of unconsolidated joint ventures	(26,855)	(5,859)
Distributions of earnings from unconsolidated joint ventures	29,384	6,450
Amortization of discounts, premiums and issuance costs	1,862	3,500
Depreciation and amortization	21,583	19,825
Deferred income taxes	40,200	35,701
Stock-based compensation	12,767	14,479
Inventory impairments and land option contract abandonments	16,939	13,143
Changes in assets and liabilities:
Receivables	62,839	2,788
Inventories	46,567	(389,461)
Accounts payable, accrued expenses and other liabilities	(62,419)	4,965
Other, net	(3,808)	(3,283)
Net cash provided by (used in) operating activities	329,211	(152,144)
Cash flows from investing activities:
Contributions to unconsolidated joint ventures	(6,048)	(7,656)
Return of investments in unconsolidated joint ventures	8,816	5,001
Proceeds from sale of building	0	5,804
Purchases of property and equipment, net	(21,154)	(32,211)
Net cash used in investing activities	(18,386)	(29,062)
Cash flows from financing activities:
Proceeds from issuance of debt	0	405,250
Issuance costs for unsecured revolving credit facility	0	(5,209)
Repayment of senior notes	0	(630,000)
Borrowings under revolving credit facility	0	460,000
Repayments under revolving credit facility	0	(410,000)
Payments on mortgages and land contracts due to land sellers and other loans	(20,314)	(32,149)
Issuance of common stock under employee stock plans	8,404	18,729
Tax payments associated with stock-based compensation awards	(6,219)	(3,345)
Payments of cash dividends	(24,428)	(12,352)
Net cash used in financing activities	(42,557)	(209,076)
Net increase (decrease) in cash and cash equivalents	268,268	(390,282)
Cash and cash equivalents at beginning of period	454,858	575,119
Cash and cash equivalents at end of period	$ 723,126	$ 184,837