Financial Services (Tables)

9 Months Ended

Aug. 31, 2012

Segment Reporting [Abstract]

Schedule of Financial Services Income (Loss)

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

	Nine Months Ended August 31,						Three Months Ended August 31,
	2012			2011			2012			2011
Revenues
Insurance commissions	$	4,594		$	4,392		$	1,840		$	1,806
Title services	1,535			1,329			657			526
Marketing services fees	1,725			450			450			450
Interest income	5			7			2			2
Total	7,859			6,178			2,949			2,784
Expenses
General and administrative	(2,237		)	(2,481		)	(709		)	(829		)
Operating income	5,622			3,697			2,240			1,955
Equity in income (loss) of unconsolidated joint venture	2,208			(376		)	2,119			(888		)
Pretax income	$	7,830		$	3,321		$	4,359		$	1,067

Schedule of Financial Services Assets and Liabilities

	August 31, 2012		November 30, 2011
Assets
Cash and cash equivalents	$	2,732	$	3,024
Receivables (a)	1,344		25,495
Investment in unconsolidated joint venture	1,647		3,639
Other assets	57		15
Total assets	$	5,780	$	32,173
Liabilities
Accounts payable and accrued expenses	$	3,269	$	7,494
Total liabilities	$	3,269	$	7,494

(a) In December 2011, the Company collected a $23.5 million receivable established in the fourth quarter of 2011 in connection with the wind down of KBA Mortgage’s business operations.