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Financial Services
6 Months Ended
May 31, 2019
Segment Reporting [Abstract]  
Financial Services
Financial Services
The following tables present financial information relating to our financial services reporting segment (in thousands):
 
Three Months Ended May 31,
 
Six Months Ended May 31,
 
2019
 
2018
 
2019
 
2018
Revenues
 
 
 
 
 
 
 
Insurance commissions
$
1,646

 
$
1,463

 
$
3,118

 
$
2,815

Title services
1,486

 
1,287

 
2,703

 
2,353

Interest income

 

 
6

 

Total
3,132

 
2,750

 
5,827

 
5,168

 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
General and administrative
(1,040
)
 
(957
)
 
(2,064
)
 
(1,910
)
Operating income
2,092

 
1,793

 
3,763

 
3,258

Equity in income of unconsolidated joint ventures
2,500

 
1,361

 
3,302

 
1,780

Pretax income
$
4,592

 
$
3,154

 
$
7,065

 
$
5,038


 
May 31,
2019
 
November 30,
2018
Assets
 
 
 
Cash and cash equivalents
$
888

 
$
760

Receivables
1,415

 
2,885

Investments in unconsolidated joint ventures
8,346

 
8,594

Other assets (a)
20,071

 
141

Total assets
$
30,720

 
$
12,380

Liabilities
 
 
 
Accounts payable and accrued expenses
$
1,451

 
$
1,495

Total liabilities
$
1,451

 
$
1,495


(a)
Other assets at May 31, 2019 included $19.9 million of contract assets for estimated future renewal commissions due to our adoption of ASC 606 effective December 1, 2018, as described in Note 1 – Basis of Presentation and Significant Accounting Policies.