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Stockholders' Equity (Tables)
12 Months Ended
Nov. 30, 2013
Stockholders' Equity  
Schedule of basic and diluted results per share

 

 

 
  For the Fiscal Years Ended,  
 
  Nov. 30,
2013
  Dec. 1,
2012
  Dec. 3,
2011
 

Income (loss) from continuing operations for computation of basic and diluted per share results, net of tax

  $ 1,910   $ 196   $ (1,308 )

(Loss) income from discontinued operations for computation of basic and diluted per share results, net of tax

    (7,731 )   770     (1,166 )
               

Net (loss) income

  $ (5,821 ) $ 966   $ (2,474 )
               
               

Weighted average shares outstanding for computation of basic per share results

    5,144,000     5,138,000     5,130,000  

Incremental shares from assumed exercise of Griffin stock options(a)

    8,000     5,000      
               

Adjusted weighted average shares for computation of diluted per share results

    5,152,000     5,143,000     5,130,000  
               
               

(a)
Incremental shares from the assumed exercise of Griffin stock options are not included in periods where inclusion of such shares would be anti-dilutive. Such assessment is based on income (loss) from continuing operations when net income includes discontinued operations. For the fiscal year ended December 3, 2011, the incremental shares from the assumed exercise of stock options would have been 8,000 shares.
Schedule of options granted under 2009 Stock Option Plan to non-employee directors either upon their initial election or their reelection to Board of Directors and to employees

 

 

 
  For the Fiscal Years Ended,
 
  November 30, 2013   December 1, 2012   December 3, 2011
 
  Number of
Shares
  Fair Value per
Option at
Grant Date
  Number of
Shares
  Fair Value per
Option at
Grant Date
  Number of
Shares
  Fair Value per
Option at
Grant Date

Non-employee directors

    8,112   $ 12.94     10,996   $10.66 - $14.89     8,712   $12.03

Employees

                      104,500   $10.37 - $12.88
                           

Total

    8,112           10,996         113,212    
                           
                           
Schedule of assumptions used in determining fair values of each option

 

 

 
  For the Fiscal Years Ended,
 
  Nov. 30, 2013   Dec. 1, 2012   Dec. 3, 2011

Expected volatility

    40.3 % 39.6% - 41.1%   42.0% - 43.4%

Range of risk free interest rates

    1.33 % 1.02% - 1.19%   2.06% - 2.81%

Expected option term (in years)

    8.5   8.5   5 to 8.5

Annual dividend yield

    0.7 % 0% - 0.7%   1.4%
Schedule of compensation expense and related tax benefits for stock options

 

 

 
  For the Fiscal Years Ended,  
 
  Nov. 30, 2013   Dec. 1, 2012   Dec. 3, 2011  

Compensation expense

  $ 467   $ 604   $ 564  
               
               

Related tax benefit

  $ 114   $ 148   $ 138  
               
               
Schedule of option holders

 

 

Number of option holders at November 30, 2013

    17  
       
       
Schedule of unrecognized compensation expense related to nonvested stock options that will be recognized during future periods

As of November 30, 2013, the unrecognized compensation expense related to nonvested stock options that will be recognized during future periods is as follows:

Fiscal 2014

  $ 262  

Fiscal 2015

  $ 111  

Fiscal 2016

  $ 12  
Summary of the activity under the Griffin Stock Option Plan

 

 

 
  Number of
Shares
  Weighted Avg.
Exercise Price
 

Outstanding at November 27, 2010

    149,611   $ 29.69  

Granted in 2011

    113,212     28.68  

Exercised in 2011

    (10,667 )   17.45  

Forfeited in 2011

    (7,638 )   28.47  
           

Outstanding at December 3, 2011

    244,518     29.79  

Granted in 2012

    10,996     25.45  

Exercised in 2012

    (6,741 )   17.80  

Forfeited in 2012

    (4,932 )   32.43  
           

Outstanding at December 1, 2012

    243,841     29.88  

Granted in 2013

    8,112     29.58  

Exercised in 2013

    (6,776 )   11.81  

Forfeited in 2013

    (5,500 )   31.12  
           

Outstanding at November 30, 2013

    239,677   $ 30.35  
           
           
Schedule of options by range of exercise prices

 

Range of Exercise Prices
  Outstanding at
Nov. 30, 2013
  Weighted Avg.
Exercise Price
  Weighted Avg.
Remaining
Contractual Life
(in years)
  Total Intrinsic
Value
 

$23.00 - $28.00

    21,276   $ 25.37     6.0     162  

$28.00 - $32.00

    127,826   $ 28.96     6.9     517  

$32.00 - $35.00

    90,575   $ 33.48     4.9     2  
                       

 

    239,677   $ 30.35     6.1   $ 681  
                       
                       
Schedule of accumulated other comprehensive loss, and activity

 

 

 
  Unrealized
loss on cash
flow hedges
  Unrealized gain
on investment
in Centaur Media
  Actuarial gain
on postretirement
benefit plan
  Total  

Balance December 1, 2012

  $ (2,011 ) $ 1,054   $ 236   $ (721 )

Other comprehensive income (loss) before reclassfications

    100     310     68     478  

Amounts reclassified

    510     (716 )       (206 )
                   

Net current period activity for other comprehensive loss

    610     (406 )   68     272  
                   

Balance November 30, 2013

  $ (1,401 ) $ 648   $ 304   $ (449 )
                   
                   
Schedule of changes in accumulated other comprehensive income (loss)

 

 

 
  For the Fiscal Years Ended,  
 
  November 30, 2013   December 1, 2012   December 3, 2011  
 
  Pre-Tax   Tax
(Expense)
Benefit
  Net-of-Tax   Pre-Tax   Tax
(Expense)
Benefit
  Net-of-Tax   Pre-Tax   Tax
(Expense)
Benefit
  Net-of-Tax  

Reclassifications included in net (loss) income:

                                                       

Realized gain on sale of Centaur Media (gain on sale)

  $ (1,099 ) $ 383   $ (716 ) $   $   $   $   $   $  

Loss on cash flow hedges (interest expense)

    810     (300 )   510     666     (246 )   420     730     (270 )   460  
                                       

Total reclassifications included in net (loss) income

    (289 )   83     (206 )   666     (246 )   420     730     (270 )   460  
                                       

Mark to market adjustment on Centaur Media for the increase (decrease) in fair value

    481     (169 )   312     1,111     (389 )   722     (2,098 )   735     (1,363 )

Mark to market adjustment on Centaur Media for the increase (decrease) in exchange gain

    (1 )   (1 )   (2 )   110     (38 )   72     1         1  

Increase (decrease) in fair value adjustment on Griffin's cash flow hedges

    159     (59 )   100     (1,442 )   533     (909 )   (1,664 )   616     (1,048 )

Actuarial gain (loss) on postretirement benefits program

    108     (40 )   68     (77 )   29     (48 )   (56 )   21     (35 )
                                       

Total change in other comprehensive income (loss)

    747     (269 )   478     (298 )   135     (163 )   (3,817 )   1,372     (2,445 )
                                       

Total other comprehensive income (loss)

  $ 458   $ (186 ) $ 272   $ 368   $ (111 ) $ 257   $ (3,087 ) $ 1,102   $ (1,985 )