Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	May 31, 2016	May 31, 2015
Cash flows from operating activities:
Net income	$ 28,724	$ 17,372
Adjustments to reconcile net income to net cash used in operating activities:
Equity in (income) loss of unconsolidated joint ventures	2,212	(1,607)
Amortization of discounts and issuance costs	3,770	3,914
Depreciation and amortization	1,832	1,646
Deferred income taxes	11,800	5,700
Stock-based compensation	7,506	7,428
Inventory impairments and land option contract abandonments	13,706	984
Change in assets and liabilities:
Receivables	4,469	(17,999)
Inventories	(220,061)	(116,664)
Accounts payable, accrued expenses and other liabilities	(20,281)	(34,048)
Other, net	(1,136)	(2,626)
Net cash used in operating activities	(167,459)	(135,900)
Cash flows from investing activities:
Contributions to unconsolidated joint ventures	(750)	(13,244)
Purchases of property and equipment, net	(2,876)	(1,590)
Net cash used in investing activities	(3,626)	(14,834)
Cash flows from financing activities:
Change in restricted cash	5,827	22
Proceeds from issuance of debt	0	250,000
Payment of debt issuance costs	0	(3,337)
Payments on mortgages and land contracts due to land sellers and other loans	(26,639)	(7,757)
Payments of cash dividends	(4,364)	(4,599)
Stock repurchases	(87,531)	(300)
Net cash provided by (used in) financing activities	(112,707)	234,054
Net increase (decrease) in cash and cash equivalents	(283,792)	83,320
Cash and cash equivalents at beginning of period	560,341	358,768
Cash and cash equivalents at end of period	$ 276,549	$ 442,088