Financial Services

6 Months Ended

May 31, 2011

Financial Services [Abstract]

Financial Services

4. Financial Services

The following table presents financial information relating to the Company’s financial services reporting segment (in thousands):

	Six Months Ended May 31,						Three Months Ended May 31,
	2011			2010			2011			2010
Revenues
Interest income	$	5		$	2		$	3		$	1
Title services		803			386			419			230
Insurance commissions		2,586			2,617			1,333			1,307
Total		3,394			3,005			1,755			1,538
Expenses
General and administrative		(1,652	)		(1,885	)		(787	)		(992	)
Operating income		1,742			1,120			968			546
Equity in income of unconsolidated joint venture		512			4,950			661			3,629
Pretax income	$	2,254		$	6,070		$	1,629		$	4,175

	May 31,		November 30,
	2011		2010
Assets
Cash and cash equivalents	$	5,892	$	4,029
Receivables		745		1,607
Investment in unconsolidated joint venture		18,413		23,777
Other assets		10		30
Total assets	$	25,060	$	29,443
Liabilities
Accounts payable and accrued expenses	$	3,276	$	2,620
Total liabilities	$	3,276	$	2,620