Financial Services

9 Months Ended

Aug. 31, 2011

Segment Information and 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):

	Nine Months Ended August 31,						Three Months Ended August 31,
	2011			2010			2011			2010
Revenues
Interest income	$	7		$	4		$	2		$	2
Title services		1,329			736			526			350
Insurance commissions		4,392			4,447			1,806			1,830
Other		450			—			450			—
Total		6,178			5,187			2,784			2,182
Expenses
General and administrative		(2,481	)		(2,639	)		(829	)		(754	)
Operating income		3,697			2,548			1,955			1,428
Equity in income (loss) of unconsolidated joint venture		(376	)		5,946			(888	)		996
Pretax income	$	3,321		$	8,494		$	1,067		$	2,424

	August 31,		November 30,
	2011		2010
Assets
Cash and cash equivalents	$	2,867	$	4,029
Receivables		1,415		1,607
Investment in unconsolidated joint venture		17,526		23,777
Other assets		20		30
Total assets	$	21,828	$	29,443
Liabilities
Accounts payable and accrued expenses	$	3,321	$	2,620
Total liabilities	$	3,321	$	2,620