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Investments in Unconsolidated Joint Ventures (Tables)
9 Months Ended
Aug. 31, 2023
Homebuilding  
Schedule of Equity Method Investments [Line Items]  
Schedule of Statements of operations of 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 August 31,Nine Months Ended August 31,
 2023202220232022
Revenues$— $1,293 $1,171 $5,251 
Construction and land costs— (801)(686)(3,872)
Other expense, net(193)(666)(2,603)(2,014)
Loss$(193)$(174)$(2,118)$(635)
Schedule of Balance sheets of unconsolidated joint ventures
The following table presents combined condensed balance sheet information for our homebuilding unconsolidated joint ventures (in thousands):
August 31,
2023
November 30,
2022
Assets
Cash $15,787 $14,066 
Receivables
3,193 3,394 
Inventories
143,366 114,465 
Other assets
514 633 
Total assets$162,860 $132,558 
Liabilities and equity
Accounts payable and other liabilities$8,917 $8,369 
Notes payable (a)49,313 34,396 
Equity104,630 89,793 
Total liabilities and equity$162,860 $132,558 
(a)    As of both August 31, 2023 and November 30, 2022, one of our unconsolidated joint ventures had borrowings outstanding under a revolving line of credit it entered into with a third-party lender in April 2022 to finance its land acquisition, development and construction activities. Borrowings under this line of credit, which has a maximum commitment of $62.0 million, are secured by the underlying property and related project assets. The line of credit is scheduled to mature on April 19, 2026, unless extended or terminated pursuant to its applicable terms. None of our other unconsolidated joint ventures had outstanding debt at August 31, 2023 or November 30, 2022.
Financial services  
Schedule of Equity Method Investments [Line Items]  
Schedule of Statements of operations of unconsolidated joint ventures The following table presents combined condensed information from the statements of operations for our financial services unconsolidated joint ventures, mostly comprised of KBHS’ activities (in thousands):
 Three Months Ended August 31,Nine Months Ended August 31,
 2023202220232022
Revenues$26,000 $19,857 $74,640 $100,057 
Expenses(17,701)(19,601)(52,325)(59,888)
Income$8,299 $256 $22,315 $40,169 
Schedule of Balance sheets of unconsolidated joint ventures
The following table presents combined condensed balance sheet information for our financial services unconsolidated joint venture (in thousands):
August 31,
2023
November 30,
2022
Assets
Cash and cash equivalents$36,958 $28,120 
Mortgage loans held for sale117,295 250,572 
Other assets23,033 33,176 
Total assets$177,286 $311,868 
Liabilities and equity
Accounts payable and other liabilities$13,549 $15,590 
Funding facilities112,109 242,944 
Equity51,628 53,334 
Total liabilities and equity$177,286 $311,868