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Investments in Unconsolidated Joint Ventures (Tables)
 9 Months Ended
Aug. 31, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Statements of Operations of Unconsolidated Joint Ventures
The following table presents information from the combined condensed statements of operations of the Company’s unconsolidated joint ventures (in thousands):
 
Nine Months Ended August 31,
 
Three Months Ended August 31,
 
2012
 
2011
 
2012
 
2011
Revenues
$
27,859

 
$
230

 
$
27,859

 
$
—

Construction and land costs
(19,303
)
 
(201
)
 
(19,309
)
 
—

Other income (expenses), net
(1,189
)
 
(4,505
)
 
(442
)
 
101

Income (loss)
$
7,367

 
$
(4,476
)
 
$
8,108

 
$
101
Balance Sheets of Unconsolidated Joint Ventures
The following table presents combined condensed balance sheet information for the Company’s unconsolidated joint ventures (in thousands):
 
August 31,
2012
 
November 30,
2011
Assets
 
 
 
Cash
$
29,057

 
$
8,923

Receivables
8,034

 
19,503

Inventories
347,460

 
368,306

Other assets
872

 
151

Total assets
$
385,423

 
$
396,883

Liabilities and equity
 
 
 
Accounts payable and other liabilities
$
86,927

 
$
96,981

Equity
298,496

 
299,902

Total liabilities and equity
$
385,423

 
$
396,883
Information Related Investments in Unconsolidated Joint Ventures
The following table presents information relating to the Company’s investments in unconsolidated joint ventures (dollars in thousands).
 
August 31,
2012
 
November 30,
2011
Number of investments in unconsolidated joint ventures (a)
8

 
8

Investments in unconsolidated joint ventures (a)
$
122,155

 
$
127,926

(a)
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.