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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 9 Months Ended
Aug. 31, 2011
May 31, 2011
Feb. 28, 2011
Aug. 31, 2010
May 31, 2010
Feb. 28, 2010
Aug. 31, 2011
Aug. 31, 2010
Consolidated Statements of Operations [Abstract]                
Total revenues $ 367,316     $ 501,003     $ 835,994 $ 1,139,033
Homebuilding:                
Revenues 364,532     498,821     829,816 1,133,846
Construction and land costs (302,908)     (411,813)     (724,085) (945,196)
Selling, general and administrative expenses (60,185)     (78,602)     (172,310) (233,795)
Loss on loan guaranty   (14,600) (22,800)       (37,330) 0
Operating income (loss) 1,439     8,406     (103,909) (45,145)
Interest income 123     603     776 1,628
Interest Expense (12,342)     (16,183)     (36,902) (52,108)
Equity in income (loss) of unconsolidated joint ventures 64     (1,947)     (55,865) (4,679)
Homebuilding pretax loss (10,716)     (9,121)     (195,900) (100,304)
Financial services:                
Revenues 2,784     2,182     6,178 5,187
Expenses (829)     (754)     (2,481) (2,639)
Equity in income ( loss ) of unconsolidated joint venture (888)     996     (376) 5,946
Financial services pretax income 1,067     2,424     3,321 8,494
Total pretax loss (9,649)     (6,697)     (192,579) (91,810)
Income tax benefit (expense) 0     5,300     (100) 5,000
Net loss $ (9,649)     $ (1,397)     $ (192,679) $ (86,810)
Basic and diluted loss per share $ (0.13)     $ (0.02)     $ (2.50) $ (1.13)
Basic and diluted average shares outstanding 77,047     76,909     77,004 76,866
Cash dividends declared per common share $ 0.0625 $ 0.0625 $ 0.0625 $ 0.0625 $ 0.0625 $ 0.0625 $ 0.1875 $ 0.1875