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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Aug. 31, 2024
Aug. 31, 2023
Revenues $ 1,752,608 $ 1,587,011 $ 4,930,187 $ 4,736,641
Equity in income (loss) of unconsolidated joint ventures     22,654 9,975
Total pretax income 207,429 194,533 603,213 571,675
Income tax expense (50,100) (44,600) (138,800) (131,800)
Net income $ 157,329 $ 149,933 $ 464,413 $ 439,875
Earnings per share:        
Basic (in dollars per share) $ 2.10 $ 1.86 $ 6.12 $ 5.34
Diluted (in dollars per share) $ 2.04 $ 1.80 $ 5.94 $ 5.18
Weighted average shares outstanding:        
Basic (in shares) 74,476 80,175 75,339 81,790
Diluted (in shares) 76,630 82,732 77,565 84,332
Homebuilding        
Revenues $ 1,745,979 $ 1,579,719 $ 4,909,189 $ 4,716,102
Construction and land costs (1,385,563) (1,240,380) (3,874,193) (3,709,759)
Selling, general and administrative expenses (171,466) (160,097) (500,187) (468,510)
Operating income 188,950 179,242 534,809 537,833
Other 4,073 5,492 29,379 7,688
Equity in income (loss) of unconsolidated joint ventures 3,453 (112) 3,232 (1,182)
Total pretax income 196,476 184,622 567,420 544,339
Financial services        
Revenues 6,629 7,292 20,998 20,539
Selling, general and administrative expenses (1,608) (1,530) (4,627) (4,360)
Operating income 5,021 5,762 16,371 16,179
Equity in income (loss) of unconsolidated joint ventures 5,932 4,149 19,422 11,157
Total pretax income $ 10,953 $ 9,911 $ 35,793 $ 27,336