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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2016
May 31, 2015
Operating activities:    
Net loss $ (714) $ (942)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,314 3,704
Loss (gain) on sales of properties 278 (749)
Deferred income taxes (181) (537)
Gain on sale of assets (122)  
Stock-based compensation expense 114 162
Amortization of debt issuance costs 102 126
Accretion of discount on note receivable   (49)
Changes in assets and liabilities:    
Other assets 348 1,172
Accounts payable and accrued liabilities (116) 43
Deferred revenue (1,233) 4,485
Other liabilities 73 379
Net cash provided by operating activities 2,863 7,794
Investing activities:    
Additions to real estate assets (8,393) (14,080)
Deferred leasing costs and other (550) (669)
Net cash used in investing activities (8,943) (14,749)
Financing activities:    
Proceeds from debt 18,800 10,891
Payments of debt (8,699) (1,094)
Dividends paid to stockholders (1,546) (1,030)
Mortgage proceeds held in escrow 600  
Debt issuance costs (225) (174)
Exercise of stock options   80
Net cash provided by financing activities 8,930 8,673
Net increase in cash and cash equivalents 2,850 1,718
Cash and cash equivalents at beginning of period 18,271 17,059
Cash and cash equivalents at end of period $ 21,121 $ 18,777