SEC Comment Letter for KB HOME (KBH) (CIK 0000795266) (KBH) — Dec 1, 2005
KB HOME (KBH) (CIK 0000795266)
Date: Dec. 1, 2005 · CIK: 0000795266 · Accession: 0000000000-05-060302
AI Filing Summary & Sentiment
Referenced dates: November 9, 2005, November 23, 2005
Letter
Mail Stop 7010 December 1, 2005 Mr. Domenico Cecere KB Home 10990 Wilshire Boulevard Los Angeles, California 90024
Re: KB Home Form 10-K for Fiscal Year Ended November 30, 2004 Form 10-Q for Fiscal Quarter Ended August 31, 2005 File No. 1-09195
Dear Mr. Cecere:
We have reviewed your response letter dated November 23, and have the following additional comments. Where indicated, we think you should revise your document in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. After reviewing this information, we may raise additional comments.
FORM 10-Q FOR THE PERIOD ENDED AUGUST 31, 2005
Note 13 - Subsequent Event
1. We note your response to comment 2 from our letter dated November 9, 2005. Please confirm to us in writing the information that was shared in the November 28, 2005 phone call we had with Bill Hollinger, your chief accounting officer. Specifically, please tell us the type and amount of consideration received from Countrywide for the sale of substantially all of the assets of your mortgage banking business. Also, please tell us in a reasonable level of detail, and quantify, the assets that Countrywide contributed to the newly formed joint venture, and tell us whether any of those assets were among the mortgage banking assets that you sold to Countrywide for cash.
* * *
Please respond to these comments within 10 business days, or tell us when you will provide us with a response. Please provide us with a response letter that keys your responses to our comments and provides any requested information. Detailed letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your responses to our comments.
If you have any questions regarding these comments, please direct them to Jennifer Thompson, Staff Accountant, at (202) 551- or, in her absence, to John Hartz, Senior Assistant Chief Accountant, at (202) 551-3689 or the undersigned at (202) 551-3768.
Sincerely,
John Cash
Accounting Branch Chief
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<TYPE>LETTER
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<TEXT>
Mail Stop 7010
December 1, 2005
Mr. Domenico Cecere
KB Home
10990 Wilshire Boulevard
Los Angeles, California 90024
Re: KB Home
Form 10-K for Fiscal Year Ended November 30, 2004
Form 10-Q for Fiscal Quarter Ended August 31, 2005
File No. 1-09195
Dear Mr. Cecere:
We have reviewed your response letter dated November 23,
2005
and have the following additional comments. Where indicated, we
think you should revise your document in response to these
comments.
If you disagree, we will consider your explanation as to why our
comment is inapplicable or a revision is unnecessary. Please be
as
detailed as necessary in your explanation. In some of our
comments,
we may ask you to provide us with information so we may better
understand your disclosure. After reviewing this information, we
may
raise additional comments.
FORM 10-Q FOR THE PERIOD ENDED AUGUST 31, 2005
Note 13 - Subsequent Event
1. We note your response to comment 2 from our letter dated
November
9, 2005. Please confirm to us in writing the information that
was
shared in the November 28, 2005 phone call we had with Bill
Hollinger, your chief accounting officer. Specifically, please
tell
us the type and amount of consideration received from Countrywide
for
the sale of substantially all of the assets of your mortgage
banking
business. Also, please tell us in a reasonable level of detail,
and
quantify, the assets that Countrywide contributed to the newly
formed
joint venture, and tell us whether any of those assets were among
the
mortgage banking assets that you sold to Countrywide for cash.
* * *
Please respond to these comments within 10 business
days,
or tell us when you will provide us with a response. Please
provide
us with a response letter that keys your responses to our comments
and provides any requested information. Detailed letters greatly
facilitate our review. Please understand that we may have
additional
comments after reviewing your responses to our comments.
If you have any questions regarding these comments, please
direct them to Jennifer Thompson, Staff Accountant, at (202) 551-
3737
or, in her absence, to John Hartz, Senior Assistant Chief
Accountant,
at (202) 551-3689 or the undersigned at (202) 551-3768.
Sincerely,
John Cash
Accounting Branch Chief
Mr. Domenico Cecere
KB Home
December 1, 2005
Page 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-7010
DIVISION OF
CORPORATION FINANCE
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