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Stockholders' Equity (Tables)

9 Months Ended

Aug. 31, 2013

Schedule of basic and diluted per share results

	For the 13 Weeks Ended,					For the 39 Weeks Ended,
	August 31, 2013			September 1, 2012		August 31, 2013		September 1, 2012

Income (loss) as reported from continuing operations for computation of basic and diluted per share results, net of tax	$	(929	)	$	1,882	$	269	$	345

Income as reported from discontinued operations for computation of basic and diluted per share results, net of tax	—			—		—		1,647

Net income (loss)	$	(929	)	$	1,882	$	269	$	1,992

Weighted average shares outstanding for computation of basic per share results	5,146,000			5,139,000		5,143,000		5,137,000

Incremental shares from assumed exercise of Griffin stock options (a)	—			4,000		7,000		4,000

Adjusted weighted average shares for computation of diluted per share results	5,146,000			5,143,000		5,150,000		5,141,000

(a) Incremental shares from the assumed exercise of Griffin stock options are not included in periods where the inclusion of such shares would be anti-dilutive. Such assessment is based on income (loss) from continuing operations when net income includes discontinued operations. The incremental shares from the assumed exercise of stock options in the thirteen weeks ended August 31, 2013 would have been 10,000.

Schedule of options granted under 2009 Stock Option Plan to non-employee directors upon their re-election to Board of Directors

For the 39 Weeks Ended,
	August 31, 2013			September 1, 2012
	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	6,748	$	11.32

Schedule of assumptions used in determining fair value of stock options granted

For the 39 Weeks Ended,
	August 31, 2013			September 1, 2012

Expected volatility	40.3		%	41.1	%
Risk free interest rate	1.33		%	1.16	%
Expected option term (in years)	8.5			8.5
Annual dividend yield	$	0.20		—

Summary of activity under the Griffin Stock Option Plan of the vested stock options

	For the 39 Weeks Ended,
	August 31, 2013				September 1, 2012
Vested Options	Number of Shares		Weighted Avg. Exercise Price		Number of Shares		Weighted Avg. Exercise Price
Outstanding at beginning of period	80,451		$	29.95	54,075		$	27.08
Exercised	(6,776	)	$	11.81	(5,322	)	$	15.03
Vested	34,143		$	32.36	33,801		$	32.69
Forfeited	(2,667	)	$	32.28	(1,419	)	$	28.18
Outstanding at end of period	105,151		$	31.85	81,135		$	30.19

Schedule of vested options by range of exercise prices

Range of Exercise Prices for Vested Options	Outstanding at August 31, 2013	Weighted Avg. Exercise Price		Weighted Avg. Remaining Contractual Life (in years)	Total Intrinsic Value
$23.00-$32.00	33,742	$	28.15	4.6	$	89
$32.00-$39.00	71,409	$	33.59	5.3	—
	105,151	$	31.85	5.1	$	89

Summary of activity under the Griffin Stock Option Plan of the nonvested stock options

For the 39 Weeks Ended,
	August 31, 2013				September 1, 2012
Nonvested Options	Number of Shares		Weighted Avg. Exercise Price		Number of Shares		Weighted Avg. Exercise Price
Nonvested at beginning of period	163,390		$	29.84	190,443		$	30.56
Granted	8,112		$	29.58	6,748		$	23.70
Vested	(34,143	)	$	32.36	(33,801	)	$	32.69
Forfeited	(2,833	)	$	30.03	—		$	—
Nonvested at end of period	134,526		$	29.18	163,390		$	29.84

Schedule of nonvested options by range of exercise prices

Range of Exercise Prices for Nonvested Options	Outstanding at August 31, 2013	Weighted Avg. Exercise Price		Weighted Avg. Remaining Contractual Life (in years)	Total Intrinsic Value
$23.00-$30.00	115,360	$	28.53	7.6	$	255
$33.00-$35.00	19,166	$	33.07	5.4	—
	134,526	$	29.18	7.3	$	255

Number of option holders at August 31, 2013

Schedule of option holders

	For the 13 Weeks Ended,				For the 39 Weeks Ended,
	August 31, 2013		September 1, 2012		August 31, 2013		September 1, 2012

Compensation expense	$	91	$	124	$	358	$	428

Related tax benefit	$	29	$	32	$	86	$	98

Schedule of compensation expense and related tax benefits for stock options

As of August 31, 2013, the unrecognized compensation expense related to nonvested stock options that will be recognized during future periods is as follows:

Balance of Fiscal 2013		$	107
Fiscal 2014		$	262

Fiscal 2015		$	111
Fiscal 2016		$	12

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

Unrealized		Unrealized gain			Actuarial gain
	loss on cash			on investment			on postretirement
	flow hedges			in Centaur Media			benefit plan		Total
Balance December 1, 2012	$	(2,011	)	$	1,054		$	236	$	(721	)

Before reclassfication	624			(348		)	—		276
Amount reclassified	352			(332		)	—		20
Net current period activity for other comprehensive loss	976			(680		)	—		296
Balance August 31, 2013	$	(1,035	)	$	374		$	236	$	(425	)

Schedule of components of accumulated other comprehensive loss

For the 13 Weeks Ended,
	August 31, 2013							September 1, 2012
	Pre-Tax		Tax (Expense) Benefit			Net-of-Tax		Pre-Tax			Tax (Expense) Benefit			Net-of-Tax

Reclassification included in net income (loss):
Loss on cash flow hedges (interest expense)	$	193	$	(71	)	$	122	$	166		$	(61	)	$	105
Total reclassification included in net income (loss)	193		(71		)	122		166			(61		)	105

Mark to market adjustment on Centaur Media for the increase in the foreign currency exchange rate	49		(17		)	32		96			(33		)	63

Mark to market adjustment on Centaur Media for the increase in fair value	450		(158		)	292		298			(104		)	194

Increase (decrease) in fair value of Griffin’s cash flow hedges	566		(209		)	357		(394		)	145			(249		)

Other comprehensive income (loss)	$	1,258	$	(455	)	$	803	$	166		$	(53	)	$	113

Schedule of changes in accumulated other comprehensive income (loss)

For the 39 Weeks Ended,


	August 31, 2013									September 1, 2012
	Pre-Tax			Tax (Expense) Benefit			Net-of-Tax			Pre-Tax			Tax (Expense) Benefit			Net-of-Tax

Reclassifications included in net income (loss):
Realized gain on sale of Centaur Media (gain on sale)	$	(509	)	$	177		$	(332	)	$	—		$	—		$	—

Loss on cash flow hedges (interest expense)	559			(207		)	352			495			(183		)	312
Total reclassifications included in net income (loss)	50			(30		)	20			495			(183		)	312

Mark to market adjustment on Centaur Media for the (decrease) increase in the foreign currency exchange rate	(174		)	61			(113		)	52			(18		)	34

Mark to market adjustment on Centaur Media for the (decrease) increase in fair value	(361		)	126			(235		)	41			(14		)	27

Increase (decrease) in fair value of Griffin’s cash flow hedges	990			(366		)	624			(1,276		)	472			(804		)

Other comprehensive income (loss)	$	505		$	(209	)	$	296		$	(688	)	$	257		$	(431	)