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Segment Information
 6 Months Ended
May 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We have identified five operating reporting segments, comprised of four homebuilding reporting segments and one financial services reporting segment. As of May 31, 2024, our homebuilding reporting segments conducted ongoing operations in the following states:
West Coast:California, Idaho and Washington
Southwest:Arizona and Nevada
Central:Colorado and Texas
Southeast:Florida and North Carolina
Our homebuilding reporting segments are engaged in the acquisition and development of land primarily for residential purposes and offer a wide variety of homes that are designed to appeal to first-time, first move-up and active adult homebuyers. Our homebuilding operations generate most of their revenues from the delivery of completed homes to homebuyers. They also earn revenues from the sale of land.
Our financial services reporting segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to our homebuyers in the same markets as our homebuilding reporting segments, and provides title services in the majority of our markets located within our Southwest, Central and Southeast homebuilding reporting segments. Our financial services reporting segment earns revenues primarily from insurance commissions and from the provision of title services.
We offer mortgage banking services, including residential consumer mortgage loan (“mortgage loan”) originations, to our homebuyers indirectly through KBHS Home Loans, LLC (“KBHS”), our unconsolidated joint venture with GR Alliance Ventures, LLC (“GR Alliance”), a subsidiary of Guaranteed Rate, Inc. We and GR Alliance each have a 50.0% ownership interest, with GR Alliance providing management oversight of KBHS’ operations.
Our reporting segments follow the same accounting policies used for our consolidated financial statements. The results of each reporting segment are not necessarily indicative of the results that would have occurred had the segment been an independent, stand-alone entity during the periods presented, nor are they indicative of the results to be expected in future periods.
The following tables present financial information relating to our homebuilding reporting segments (in thousands):
 Three Months Ended May 31,Six Months Ended May 31,
 2024202320242023
Revenues:
West Coast$698,417 $564,350 $1,256,719 $1,104,369 
Southwest318,665 335,828 641,790 575,415 
Central375,790 545,214 696,274 935,165 
Southeast308,640 312,454 568,427 521,434 
Total
$1,701,512 $1,757,846 $3,163,210 $3,136,383 
Pretax income (loss):
West Coast$87,137 $55,099 $152,877 $114,649 
Southwest54,765 57,117 110,476 101,148 
Central46,567 78,985 85,142 137,818 
Southeast38,559 48,931 70,824 72,456 
Corporate and other (19,172)(36,614)(48,375)(66,354)
Total $207,856 $203,518 $370,944 $359,717 
 Three Months Ended May 31,Six Months Ended May 31,
 2024202320242023
Inventory impairment and land option contract abandonment charges:
West Coast$647 $3,079 $1,945 $3,948 
Southwest116 — 116 — 
Central256 1,128 256 2,079 
Southeast191 80 191 3,549 
Total$1,210 $4,287 $2,508 $9,576 
May 31,
2024		November 30,
2023
Assets:
West Coast$2,886,660 $2,638,455 
Southwest900,761 908,578 
Central1,063,333 1,158,949 
Southeast1,002,849 939,997 
Corporate and other884,267 945,504 
Total $6,737,870 $6,591,483