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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Aug. 31, 2025
Aug. 31, 2024
Revenues $ 1,620,474 $ 1,752,608 $ 4,541,836 $ 4,930,187
Equity in income of unconsolidated joint ventures     18,447 22,654
Total pretax income 143,228 207,429 424,968 603,213
Income tax expense (33,400) (50,100) (97,700) (138,800)
Net income $ 109,828 $ 157,329 $ 327,268 $ 464,413
Earnings per share:        
Basic (in dollars per share) $ 1.64 $ 2.10 $ 4.69 $ 6.12
Diluted (in dollars per share) $ 1.61 $ 2.04 $ 4.60 $ 5.94
Weighted average shares outstanding:        
Basic (in shares) 66,368 74,476 69,279 75,339
Diluted (in shares) 67,737 76,630 70,643 77,565
Homebuilding        
Revenues $ 1,614,462 $ 1,745,979 $ 4,526,219 $ 4,909,189
Construction and land costs (1,321,147) (1,385,563) (3,658,616) (3,874,193)
Selling, general and administrative expenses (162,152) (171,466) (477,638) (500,187)
Operating income 131,163 188,950 389,965 534,809
Interest income and other 1,870 4,073 5,628 29,379
Equity in income of unconsolidated joint ventures 1,509 3,453 5,002 3,232
Total pretax income 134,542 196,476 400,595 567,420
Financial services        
Revenues 6,012 6,629 15,617 20,998
Selling, general and administrative expenses (1,580) (1,608) (4,689) (4,627)
Operating income 4,432 5,021 10,928 16,371
Equity in income of unconsolidated joint ventures 4,254 5,932 13,445 19,422
Total pretax income $ 8,686 $ 10,953 $ 24,373 $ 35,793