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Financial Services
6 Months Ended
May 31, 2014
Segment Reporting [Abstract]  
Financial Services
Financial Services
The following tables present financial information relating to our financial services reporting segment (in thousands):
 
 
Six Months Ended May 31,
 
Three Months Ended May 31,
 
 
2014
 
2013
 
2014
 
2013
Revenues
 
 
 
 
 
 
 
 
Insurance commissions
 
$
2,532

 
$
2,790

 
$
1,270

 
$
1,487

Title services
 
1,599

 
1,329

 
891

 
680

Marketing services fees
 
900

 
900

 
450

 
450

Interest income
 

 
2

 

 
1

Total
 
5,031

 
5,021

 
2,611

 
2,618

Expenses
 
 
 
 
 
 
 
 
General and administrative
 
(1,704
)
 
(1,471
)
 
(852
)
 
(636
)
Operating income
 
3,327

 
3,550

 
1,759

 
1,982

Equity in income (loss) of unconsolidated joint ventures (a)
 
(12
)
 
1,087

 
(6
)
 
(4
)
Pretax income
 
$
3,315

 
$
4,637

 
$
1,753

 
$
1,978


(a)
Equity in income of unconsolidated joint ventures for the six months ended May 31, 2013 related to the wind down of KBA Mortgage, LLC (“KBA Mortgage”), our unconsolidated mortgage banking joint venture with a subsidiary of Bank of America, N.A., which ceased offering mortgage banking services in 2011.
 
May 31,
2014
 
November 30,
2013
Assets
 
 
 
Cash and cash equivalents
$
2,798

 
$
2,428

Receivables
764

 
2,084

Investments in unconsolidated joint ventures
5,477

 
5,490

Other assets
229

 
38

Total assets
$
9,268

 
$
10,040

Liabilities
 
 
 
Accounts payable and accrued expenses
$
1,854

 
$
2,593

Total liabilities
$
1,854

 
$
2,593