| Schedule of Financial Services Income (Loss) |
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, | | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues | | | | | | | | | Insurance commissions | $ | 3,558 | | | $ | 2,376 | | | $ | 6,685 | | | $ | 4,937 | | | Title services | 1,770 | | | 2,493 | | | 3,595 | | | 4,668 | | | | | | | | | | | Total | 5,328 | | | 4,869 | | | 10,280 | | | 9,605 | | | | | | | | | | | Expenses | | | | | | | | | General and administrative | (1,493) | | | (1,570) | | | (3,043) | | | (3,109) | | | Operating income | 3,835 | | | 3,299 | | | 7,237 | | | 6,496 | | Equity in income of unconsolidated joint venture | 2,830 | | | 4,862 | | | 4,963 | | | 9,191 | | | Pretax income | $ | 6,665 | | | $ | 8,161 | | | $ | 12,200 | | | $ | 15,687 | |
|
| Schedule of Financial Services Assets and Liabilities |
| | | | | | | | | | | | | May 31,
2026 | | November 30,
2025 | | Assets | | | | | Cash and cash equivalents | $ | 941 | | | $ | 1,829 | | | Receivables | 2,342 | | | 5,569 | | Investment in unconsolidated joint venture | 13,644 | | | 13,231 | | | Other assets (a) | 40,405 | | | 39,180 | | | Total assets | $ | 57,332 | | | $ | 59,809 | | | | | | | Liabilities | | | | | Accounts payable and accrued expenses | $ | 1,687 | | | $ | 3,210 | | | Total liabilities | $ | 1,687 | | | $ | 3,210 | |
(a)Other assets at May 31, 2026 and November 30, 2025 included $40.4 million and $39.1 million, respectively, of contract assets for estimated future renewal commissions.
|