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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Revenues $ 1,709,813 $ 1,765,316 $ 3,177,579 $ 3,149,630
Equity in income (loss) of unconsolidated joint ventures     13,269 5,938
Total pretax income 221,119 214,942 395,784 377,142
Income tax expense (52,700) (50,500) (88,700) (87,200)
Net income $ 168,419 $ 164,442 $ 307,084 $ 289,942
Earnings per share:        
Basic (in dollars per share) $ 2.21 $ 2.00 $ 4.02 $ 3.49
Diluted (in dollars per share) $ 2.15 $ 1.94 $ 3.91 $ 3.38
Weighted average shares outstanding:        
Basic (in shares) 75,653 81,764 75,773 82,607
Diluted (in shares) 77,806 84,306 78,034 85,141
Homebuilding        
Revenues $ 1,701,512 $ 1,757,846 $ 3,163,210 $ 3,136,383
Construction and land costs (1,342,102) (1,386,558) (2,488,630) (2,469,379)
Selling, general and administrative expenses (171,227) (169,186) (328,721) (308,413)
Operating income 188,183 202,102 345,859 358,591
Other 19,449 1,729 25,306 2,196
Equity in income (loss) of unconsolidated joint ventures 224 (313) (221) (1,070)
Total pretax income 207,856 203,518 370,944 359,717
Financial services        
Revenues 8,301 7,470 14,369 13,247
Selling, general and administrative expenses (1,473) (1,472) (3,019) (2,830)
Operating income 6,828 5,998 11,350 10,417
Equity in income (loss) of unconsolidated joint ventures 6,435 5,426 13,490 7,008
Total pretax income $ 13,263 $ 11,424 $ 24,840 $ 17,425