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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Revenues $ 1,467,766 $ 1,384,314
Equity in loss of unconsolidated joint ventures 6,610 825
Total pretax income 174,665 162,200
Income tax expense (36,000) (36,700)
Net income $ 138,665 $ 125,500
Earnings per share:    
Basic (in dollars per share) $ 1.81 $ 1.49
Diluted (in dollars per share) $ 1.76 $ 1.45
Weighted average shares outstanding:    
Basic (in shares) 75,894 83,468
Diluted (in shares) 78,264 85,995
Homebuilding    
Revenues $ 1,461,698 $ 1,378,537
Construction and land costs (1,146,528) (1,082,821)
Selling, general and administrative expenses (157,494) (139,227)
Operating income 157,676 156,489
Interest income 5,857 467
Equity in loss of unconsolidated joint ventures (445) (757)
Total pretax income 163,088 156,199
Financial services    
Revenues 6,068 5,777
Selling, general and administrative expenses (1,546) (1,358)
Operating income 4,522 4,419
Equity in loss of unconsolidated joint ventures 7,055 1,582
Total pretax income $ 11,577 $ 6,001