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Investments in Unconsolidated Joint Ventures (Tables)
 9 Months Ended
Aug. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Statements of Operations of Unconsolidated Joint Ventures
The following table presents combined condensed information from the statements of operations of our unconsolidated joint ventures (in thousands):
 
Three Months Ended August 31,
 
Nine Months Ended August 31,
 
2018
 
2017
 
2018
 
2017
Revenues
$
35,391

 
$
12,802

 
$
52,015

 
$
39,604

Construction and land costs
(22,211
)
 
(12,832
)
 
(38,866
)
 
(37,625
)
Other expense, net
(226
)
 
(1,294
)
 
(2,209
)
 
(3,547
)
Income (loss)
$
12,954

 
$
(1,324
)
 
$
10,940

 
$
(1,568
)
Balance Sheets of Unconsolidated Joint Ventures
The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
 
August 31,
2018
 
November 30,
2017
Assets
 
 
 
Cash
$
10,466

 
$
21,193

Receivables
26

 
688

Inventories
131,512

 
145,519

Other assets
740

 
1,398

Total assets
$
142,744

 
$
168,798

 
 
 
 
Liabilities and equity
 
 
 
Accounts payable and other liabilities
$
9,856

 
$
25,426

Notes payable (a)
11,407

 
20,040

Equity
121,481

 
123,332

Total liabilities and equity
$
142,744

 
$
168,798


(a)
As of November 30, 2017, two of our unconsolidated joint ventures had separate construction loan agreements with different third-party lenders to finance their respective land development activities, with the outstanding debt secured by the corresponding underlying property and related project assets and non-recourse to us. The secured debt of one of these unconsolidated joint ventures was repaid in August 2018 upon maturity. All of the outstanding secured debt at August 31, 2018 is scheduled to mature in February 2020. None of our other unconsolidated joint ventures had outstanding debt at August 31, 2018 or November 30, 2017
Information Related Investments in Unconsolidated Joint Ventures
The following table presents additional information relating to our investments in unconsolidated joint ventures (dollars in thousands):
 
 
August 31,
2018
 
November 30,
2017
Number of investments in unconsolidated joint ventures
 
6

 
7

Investments in unconsolidated joint ventures
 
$
62,436

 
$
64,794

Number of unconsolidated joint venture lots controlled under land option contracts and other similar contracts
 
46

 
377