XML 25 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
May 31, 2011
May 31, 2010
May 31, 2011
May 31, 2010
Consolidated Statements of Operations [Abstract]        
Total revenues $ 271,738 $ 374,052 $ 468,678 $ 638,030
Homebuilding:        
Revenues 269,983 372,514 465,284 635,025
Construction and land costs (250,381) (306,843) (421,177) (533,383)
Selling, general and administrative expenses (62,520) (82,990) (112,125) (155,193)
Loss on loan guaranty (14,572)   (37,330)  
Operating loss (57,490) (17,319) (105,348) (53,551)
Interest income 270 601 653 1,025
Interest expense (13,121) (16,518) (24,560) (35,925)
Equity in loss of unconsolidated joint ventures (92) (1,548) (55,929) (2,732)
Homebuilding pretax loss (70,433) (34,784) (185,184) (91,183)
Financial services:        
Revenues 1,755 1,538 3,394 3,005
Expenses (787) (992) (1,652) (1,885)
Equity in income of unconsolidated joint venture 661 3,629 512 4,950
Financial services pretax income 1,629 4,175 2,254 6,070
Total pretax loss (68,804) (30,609) (182,930) (85,113)
Income tax benefit (expense) 300 (100) (100) (300)
Net loss $ (68,504) $ (30,709) $ (183,030) $ (85,413)
Basic and diluted loss per share $ (0.89) $ (0.40) $ (2.38) $ (1.11)
Basic and diluted average shares outstanding 76,991 76,854 76,983 76,844
Cash dividends declared per common share $ 0.0625 $ 0.0625 $ 0.125 $ 0.1250