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Investments in Unconsolidated Joint Ventures
 3 Months Ended
Feb. 28, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Joint Ventures Investments in Unconsolidated Joint Ventures
We have investments in unconsolidated joint ventures that conduct land acquisition, land development and/or other homebuilding activities in various markets where our homebuilding operations are located. We and our unconsolidated joint venture partners make initial and/or ongoing capital contributions to these unconsolidated joint ventures, typically on a pro rata basis, according to our respective equity interests. The obligations to make capital contributions are governed by each such unconsolidated joint venture’s respective operating agreement and related governing documents.
As of both February 28, 2022 and November 30, 2021, we had investments in six unconsolidated joint ventures. The following table presents combined condensed information from the statements of operations for our unconsolidated joint ventures (in thousands):
 Three Months Ended February 28,
 20222021
Revenues$2,850 $9,691 
Construction and land costs(2,299)(8,125)
Other expense, net(430)(879)
Income$121 $687 
The lower combined revenues and construction and land costs for the three months ended February 28, 2022, as compared to the year-earlier period, mainly reflected a decrease in the number of homes delivered from an unconsolidated joint venture in California that delivered its last home in the 2021 second quarter.
The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
February 28,
2022		November 30,
2021
Assets
Cash
$21,281 $15,731 
Receivables
872 795 
Inventories
67,472 64,034 
Other assets
47 50 
Total assets$89,672 $80,610 
Liabilities and equity
Accounts payable and other liabilities$16,135 $12,285 
Equity73,537 68,325 
Total liabilities and equity$89,672 $80,610