XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2016
May 31, 2015
May 31, 2015
Total revenues $ 811,050 $ 622,969 $ 1,203,090
Homebuilding:      
Revenues 808,462 620,804 1,198,692
Construction and land costs (688,714) (524,410) (1,016,828)
Selling, general and administrative expenses (93,810) (78,532) (149,604)
Operating income 25,938 17,862 32,260
Interest income 134 152 255
Interest expense (1,970) (8,118) (13,456)
Equity in income (loss) of unconsolidated joint ventures     1,607
Total pretax income (loss) 24,797 12,673 23,172
Financial services:      
Revenues 2,588 2,165 4,398
Expenses (871) (928) (1,892)
Income tax expense (9,200) (3,100) (5,800)
Net income $ 15,597 $ 9,573 $ 17,372
Earnings Per Share, Basic, in dollars per share $ 0.18 $ 0.10 $ 0.19
Earnings Per Share, Diluted, in dollars per share $ 0.17 $ 0.10 $ 0.18
Weighted average shares outstanding — basic 84,196 91,995 91,974
Weighted average shares outstanding — diluted 94,720 101,544 101,470
Cash dividends declared per common share $ 0.0250 $ 0.0250 $ 0.05
Homebuilding [Member]      
Total revenues $ 808,462 $ 620,804 $ 1,198,692
Homebuilding:      
Equity in income (loss) of unconsolidated joint ventures (825) (411) (758)
Total pretax income (loss) 23,277 9,485 18,301
Financial services [Member]      
Total revenues 2,588 2,165 4,398
Homebuilding:      
Operating income 1,717 1,237 2,506
Equity in income (loss) of unconsolidated joint ventures (197) 1,951 2,365
Total pretax income (loss) $ 1,520 $ 3,188 $ 4,871