Inventory Impairments and Land Option Contract Abandonments (Tables)

6 Months Ended

May 31, 2026

Inventory Impairments and Land Option Contract Abandonments [Abstract]

Schedule of Significant Unobservable Inputs

The following table summarizes significant quantitative unobservable inputs we utilized in our fair value measurements with respect to the impaired community written down to fair value:


	Three Months Ended May 31,		Six Months Ended May 31,
Unobservable Input	2026	2025	2026	2025
Average selling price	$627,500	n/a	$627,500	n/a
Deliveries per month	1	n/a	1	n/a
Discount rate	17%	n/a	17%	n/a

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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