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Investments in Unconsolidated Joint Ventures
 6 Months Ended
May 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Joint Ventures Investments in Unconsolidated Joint Ventures
Homebuilding. 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 May 31, 2022 and November 30, 2021, we had investments in six homebuilding unconsolidated joint ventures. The following table presents combined condensed information from the statements of operations for our homebuilding unconsolidated joint ventures (in thousands):
 Three Months Ended May 31,Six Months Ended May 31,
 2022202120222021
Revenues$1,108 $3,148 $3,958 $12,839 
Construction and land costs(772)(2,819)(3,071)(10,944)
Other expense, net(918)(530)(1,348)(1,409)
Income (loss)$(582)$(201)$(461)$486 
The following table presents combined condensed balance sheet information for our homebuilding unconsolidated joint ventures (in thousands):
May 31,
2022		November 30,
2021
Assets
Cash and cash equivalents$18,884 $15,731 
Receivables
894 795 
Inventories
105,734 64,034 
Other assets
726 50 
Total assets$126,238 $80,610 
Liabilities and equity
Accounts payable and other liabilities$11,871 $12,285 
Notes payable (a)
29,114 — 
Equity85,253 68,325 
Total liabilities and equity$126,238 $80,610