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Financial Services (Tables)
9 Months Ended
Aug. 31, 2019
Segment Reporting Information [Line Items]  
Financial Services Income (Loss)
The following tables present financial information relating to our financial services reporting segment (in thousands):
 
Three Months Ended August 31,
 
Nine Months Ended August 31,
 
2019
 
2018
 
2019
 
2018
Revenues
 
 
 
 
 
 
 
Insurance commissions
$
2,224

 
$
1,928

 
$
5,342

 
$
4,743

Title services
1,707

 
1,544

 
4,410

 
3,897

Interest income

 

 
6

 

Total
3,931

 
3,472

 
9,758

 
8,640


 
Three Months Ended August 31,
 
Nine Months Ended August 31,
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
General and administrative
(1,003
)
 
(945
)
 
(3,067
)
 
(2,855
)
Operating income
2,928

 
2,527

 
6,691

 
5,785

Equity in income of unconsolidated joint ventures
3,716

 
2,585

 
7,018

 
4,365

Pretax income
$
6,644

 
$
5,112

 
$
13,709

 
$
10,150


Financial Service [Member]  
Segment Reporting Information [Line Items]  
Schedule of Financial Services Assets and Liabilities
 
August 31,
2019
 
November 30,
2018
Assets
 
 
 
Cash and cash equivalents
$
1,043

 
$
760

Receivables
1,435

 
2,885

Investments in unconsolidated joint ventures
9,162

 
8,594

Other assets (a)
20,271

 
141

Total assets
$
31,911

 
$
12,380

Liabilities
 
 
 
Accounts payable and accrued expenses
$
1,783

 
$
1,495

Total liabilities
$
1,783

 
$
1,495


(a)
Other assets at August 31, 2019 included $20.1 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.