Income Taxes (Tables)

12 Months Ended

Nov. 30, 2011

Income Taxes [Abstract]

Component of income tax benefit (expense) in the consolidated statement of operations

	Federal		State			Total
2011
Current	$	2,600	$	(200	)	$	2,400
Deferred		—		—			—
Income tax benefit (expense)	$	2,600	$	(200	)	$	2,400
2010
Current	$	6,500	$	500		$	7,000
Deferred		—		—			—
Income tax benefit	$	6,500	$	500		$	7,000
2009
Current	$	207,900	$	1,500		$	209,400
Deferred		—		—			—
Income tax benefit	$	207,900	$	1,500		$	209,400

Components of deferred tax liabilities and assets

	November 30,
	2011			2010
Deferred tax liabilities:
Capitalized expenses	$	98,677		$	106,800
State taxes		61,550			56,915
Other		190			177
Total	$	160,417		$	163,892
Deferred tax assets:
Inventory impairments and land option contract abandonments	$	219,457		$	275,640
2011, 2010, 2009 and 2008 NOLs		412,901			277,089
Warranty, legal and other accruals		61,189			103,359
Employee benefits		57,699			51,335
Partnerships and joint ventures		83,693			49,339
Depreciation and amortization		13,577			22,830
Capitalized expenses		6,233			5,927
Tax credits		151,300			145,643
Deferred income		830			1,219
Other		2,517			3,743
Total		1,009,396			936,124
Valuation allowance		(847,827	)		(771,080	)
Total		161,569			165,044
Net deferred tax assets	$	1,152		$	1,152

Income tax benefit computed at the statutory U.S. federal income tax rate and income tax benefit (expense) provided in the consolidated statements of operations

	Years Ended November 30,
	2011			2010			2009
Income tax benefit computed at statutory rate	$	63,397		$	26,729		$	108,914
Increase (decrease) resulting from:
State taxes, net of federal income tax benefit		4,691			4,010			11,079
Reserve and deferred income		(1,161	)		1,204			(11,075	)
Capitalized expenses		(3,589	)		—			—
Basis in joint ventures		4,401			13,729			(3,336	)
NOLs reconciliation		715			(24,749	)		(36,941	)
Recognition of federal tax benefits		2,600			1,621			16,411
Tax credits		5,477			5,384			203
Valuation allowance for deferred tax assets		(76,747	)		(21,115	)		128,813
Other, net		2,616			187			(4,668	)
Income tax benefit	$	2,400		$	7,000		$	209,400

Reconciliation of the beginning and ending balances of the gross unrecognized benefits

	Years Ended November 30,
	2011			2010			2009
Balance at beginning of year	$	11,308		$	11,024		$	18,332
Additions for tax positions related to prior years		5			1,720			4,230
Reductions for tax positions related to prior years		—			(1,183	)		(270	)
Reductions related to settlement		(264	)		—			—
Reductions due to lapse of statute of limitations		(2,476	)		—			(1,277	)
Reductions due to resolution of federal and state audits		(6,674	)		(253	)		(9,991	)
Balance at end of year	$	1,899		$	11,308		$	11,024