Quarterly Results of Operations (Unaudited)

12 Months Ended

Nov. 30, 2015

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

13. Quarterly Results of Operations (Unaudited)

        Summarized quarterly financial data are presented below:

2015 Quarters	1st			2nd			3rd		4th		Total
Total revenue	$	6,233		$	6,196		$	8,184	$	7,475	$	28,088
Operating income (loss)		(213	)		473			2,641		1,413		4,314
Income (loss) from continuing operations		(708	)		(234	)		1,203		164		425
Income (loss) from discontinued operation, net of tax		—			—			—		—		—
Net income (loss)		(708	)		(234	)		1,203		164		425
Per share results:
Basic:
Income (loss) from continuing operations		(0.14	)		(0.05	)		0.23		0.03		0.08
Income (loss) from discontinued operation, net of tax		—			—			—		—		—
Net income (loss) per common share		(0.14	)		(0.05	)		0.23		0.03		0.08
Diluted:
Income (loss) from continuing operations		(0.14	)		(0.05	)		0.23		0.03		0.08
Income (loss) from discontinued operation, net of tax		—			—			—		—		—
Net income (loss) per common share		(0.14	)		(0.05	)		0.23		0.03		0.08

2014 Quarters	1st			2nd			3rd			4th		Total
Total revenue	$	5,059		$	5,341		$	6,099		$	7,720	$	24,219
Operating income (loss)		(1,241	)		190			716			2,144		1,809
(Loss) income from continuing operations		(1,098	)		(225	)		(198	)		273		(1,248	)
Income (loss) from discontinued operation, net of tax		(272	)		390			26			—		144
Net (loss) income		(1,370	)		165			(172	)		273		(1,104	)
Per share results:
Basic:
(Loss) income from continuing operations		(0.21	)		(0.04	)		(0.04	)		0.05		(0.24	)
Income (loss) from discontinued operation, net of tax		(0.06	)		0.07			0.01			—		0.03
Net (loss) income per common share		(0.27	)		0.03			(0.03	)		0.05		(0.21	)
Diluted:
(Loss) income from continuing operations		(0.21	)		(0.04	)		(0.04	)		0.05		(0.24	)
Income (loss) from discontinued operation, net of tax		(0.06	)		0.07			0.01			—		0.03
Net (loss) income per common share		(0.27	)		0.03			(0.03	)		0.05		(0.21	)

        Property sales revenue in the 2015 fourth quarter consolidated statement of operations includes $600 for the sale of a small land parcel in Simsbury, Connecticut and $236 for the amount of revenue recognized on the Windsor Land Sale. Property sales revenue in the 2014 fourth quarter consolidated statement of operations includes $1,831 for the amount of revenue recognized on the Windsor Land Sale.

        The sum of the four quarters earnings per share data may not equal the annual earnings per share data due to the requirement that each period be calculated separately.