Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Aug. 31, 2012		Nov. 30, 2011
Assets
Cash and cash equivalents	$ 420,392		$ 415,050
Restricted cash	46,113		64,481
Receivables	94,832		66,179
Inventories	1,769,043		1,731,629
Investments in unconsolidated joint ventures	122,155	[1]	127,926	[1]
Other assets	91,149		75,104
Total homebuilding assets	2,543,684		2,480,369
Financial services	5,780		32,173
Total assets	2,549,464		2,512,542
Liabilities and stockholders' equity
Accounts payable	103,933		104,414
Accrued expenses and other liabilities	342,142		374,406
Mortgages and notes payable	1,727,679		1,583,571
Total homebuilding liabilities	2,173,754		2,062,391
Financial services	3,269		7,494
Common stock	115,171		115,171
Paid-in capital	888,701		884,190
Retained earnings	444,493		519,844
Accumulated other comprehensive loss	(26,152)		(26,152)
Grantor stock ownership trust, at cost	(117,435)		(118,059)
Treasury stock, at cost	(932,337)		(932,337)
Total stockholders' equity	372,441		442,657
Total liabilities and stockholders' equity	$ 2,549,464		$ 2,512,542

[1] The Company’s investments in unconsolidated joint ventures as of August 31, 2012 and November 30, 2011 include Inspirada Builders, LLC, an unconsolidated joint venture that was formed in 2011 in connection with the South Edge Plan (as defined below) and in which a wholly owned subsidiary of the Company is a member. As part of the South Edge Plan, land previously owned by South Edge was transferred to Inspirada Builders, LLC in November 2011. The Company anticipates that it will acquire its share of the land from Inspirada Builders, LLC through a future distribution.