Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	May 31, 2023	May 31, 2022
Cash flows from operating activities:
Net income	$ 289,942	$ 344,927
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in income of unconsolidated joint ventures	(5,938)	(19,668)
Distributions of earnings from unconsolidated joint ventures	12,172	9,295
Amortization of debt issuance costs and premiums	1,673	1,137
Depreciation and amortization	17,760	15,534
Deferred income taxes	10,600	11,500
Stock-based compensation	14,686	15,888
Inventory impairments and land option contract abandonments	9,576	907
Changes in assets and liabilities:
Receivables	(18,460)	(11,112)
Inventories	413,774	(764,225)
Accounts payable, accrued expenses and other liabilities	(132,245)	84,259
Other, net	(4,810)	(3,254)
Net cash provided by (used in) operating activities	608,730	(314,812)
Cash flows from investing activities:
Contributions to unconsolidated joint ventures	(17,713)	(16,376)
Return of investments in unconsolidated joint ventures	5,100	1,255
Purchases of property and equipment, net	(18,324)	(22,122)
Net cash used in investing activities	(30,937)	(37,243)
Cash flows from financing activities:
Borrowings under revolving credit facility	170,000	1,075,000
Repayments under revolving credit facility	(320,000)	(675,000)
Issuance costs for unsecured revolving credit facility	0	(3,805)
Payments on mortgages and land contracts due to land sellers and other loans	(3,001)	(400)
Issuance of common stock under employee stock plans	5,010	0
Stock repurchases	(167,088)	(50,000)
Tax payments associated with stock-based compensation awards	(9,748)	(12,153)
Payments of cash dividends	(25,707)	(27,142)
Net cash provided by (used in) financing activities	(350,534)	306,500
Net increase (decrease) in cash and cash equivalents	227,259	(45,555)
Cash and cash equivalents at beginning of period	330,198	292,136
Cash and cash equivalents at end of period	$ 557,457	$ 246,581