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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Aug. 31, 2018
Aug. 31, 2017
Total revenues $ 1,225,347 $ 1,144,001 $ 3,198,393 $ 2,965,391
Homebuilding:        
Revenues 1,221,875 1,140,787 3,189,753 2,957,105
Construction and land costs (1,001,509) (955,001) (2,642,231) (2,499,677)
Selling, general and administrative expenses (114,753) (109,095) (323,708) (305,901)
Operating income 105,613 76,691 223,814 151,527
Interest income 458 347 2,739 747
Interest expense [1] 0 0 0 (6,307)
Equity in income of unconsolidated joint ventures     6,691 921
Total pretax income (loss) 114,676 79,208 239,029 152,649
Financial services:        
Revenues 3,472 3,214 8,640 8,286
Expenses (945) (890) (2,855) (2,525)
Income tax expense (27,200) (29,000) (165,500) (56,400)
Net income $ 87,476 $ 50,208 $ 73,529 $ 96,249
Earnings Per Share, Basic (in dollars per share) $ 0.99 $ 0.58 $ 0.83 $ 1.12
Earnings Per Share, Diluted (in dollars per share) $ 0.87 $ 0.51 $ 0.75 $ 1.00
Weighted average shares outstanding — basic (in shares) 87,951 85,974 87,565 85,517
Weighted average shares outstanding — diluted (in shares) 101,072 98,912 101,213 97,624
Cash dividends declared per common share (in dollars per share) $ 0.0250 $ 0.025 $ 0.075 $ 0.075
Common Stock, Dividends, Per Share, Cash Paid $ 0.0250 $ 0.0250 $ 0.075 $ 0.075
Homebuilding [Member]        
Homebuilding:        
Equity in income of unconsolidated joint ventures $ 3,493 $ (814) $ 2,326 $ (679)
Total pretax income (loss) 109,564 76,224 228,879 145,288
Financial services [Member]        
Homebuilding:        
Operating income 2,527 2,324 5,785 5,761
Equity in income of unconsolidated joint ventures 2,585 660 4,365 1,600
Total pretax income (loss) $ 5,112 $ 2,984 $ 10,150 $ 7,361
[1] Interest incurred and interest expensed for the nine months ended August 31, 2017 included a charge of $5.7 million for the early extinguishment of debt