Stockholders' Equity (Tables)

9 Months Ended

Aug. 31, 2016

Schedule of basic and diluted per share results


	For the Three Months Ended				For the Nine Months Ended
	Aug. 31, 2016		Aug. 31, 2015		Aug. 31, 2016		Aug. 31, 2015

Net (loss) income	$	(49)	$	1,203	$	(763)	$	261

Weighted average shares outstanding for computation of basic per share results		5,093,000		5,153,000		5,132,000		5,151,000
Incremental shares from assumed exercise of Griffin stock options (a)		—		23,000		—		21,000
Adjusted weighted average shares for computation of diluted per share results		5,093,000		5,176,000		5,132,000		5,172,000

(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. The incremental shares from the assumed exercise of stock options for the 2016 third quarter and 2016 nine month period would have been 23,000 and 2,000, respectively.

Schedule Of Share Based Compensation Arrangement by Share Based Payment Award Options Grants In Period Grant Date Fair Value [Table TextBlock]


	For the Nine Months Ended
	Aug. 31, 2016			Aug. 31, 2015
		Fair Value per			Fair Value per
	Number of	Option at		Number of	Option at
	Shares	Grant Date		Shares	Grant Date

Employees	101,450	$	7.51 - 11.65	-	$	-
Non-employee directors	8,409	$	11.30	8,282	$	14.39
	109,859			8,282

Schedule of assumptions used in determining fair values of options


	For the Nine Months Ended
	Aug. 31, 2016	Aug. 31, 2015

Expected volatility	32.9% to 41.1%	40.8%
Risk free interest rates	1.2% to 1.5%	2.0%
Expected option term (in years)	5 to 8.5	8.5
Annual dividend yield	0.9%	0.7%

Schedule of option holders


Number of option holders at August 31, 2016		31

Schedule of compensation expense and related tax benefits for stock options


	For the Three Months Ended				For the Nine Months Ended
	Aug. 31, 2016		Aug. 31, 2015		Aug. 31, 2016		Aug. 31, 2015

Net compensation expense	$	71	$	30	$	185	$	192

Net related tax benefit	$	17	$	8	$	41	$	49

Schedule of unrecognized compensation expense related to nonvested stock options


Balance of Fiscal 2016	$	82
Fiscal 2017	$	311
Fiscal 2018	$	279
Fiscal 2019	$	198
Fiscal 2020	$	102
Fiscal 2021	$	28

Summary of the activity under the Griffin Stock Option Plan


	For the Nine Months Ended
	August 31, 2016			August 31, 2015
			Weighted			Weighted
			Avg.			Avg.
	Number of		Exercise	Number of		Exercise
	Shares		Price	Shares		Price

Outstanding at beginning of period	225,727	$	30.47	222,001	$	30.35
Granted	109,859	$	26.83	8,282	$	31.38
Exercised	—	$	—	(3,134)	$	25.53
Forfeited	(11,040)	$	30.73	(1,422)	$	28.12
Outstanding at end of period	324,546	$	29.23	225,727	$	30.47

Schedule of options by range of exercise prices


				Weighted Avg.
				Remaining
Range of Exercise Prices for	Outstanding at	Weighted Avg.		Contractual Life	Total Intrinsic
Vested and Nonvested Options	August 31, 2016	Exercise Price		(in years)	Value

$23.00 - $28.00	124,793	$	26.67	9.2	$	644
$28.00 - $32.00	116,678	$	28.92	4.8		340
$32.00 - $39.00	83,075	$	33.52	2.1		—
	324,546	$	29.23	5.8	$	984

Schedule of accumulated other comprehensive loss


	For the Nine Months Ended Aug. 31, 2016
			Unrealized gain
	Unrealized loss on		on investment in
	cash flow hedges		Centaur Media		Total

Balance November 30, 2015	$	(1,744)	$	659	$	(1,085)
Other comprehensive loss before reclassifications		(1,825)		(593)		(2,418)
Amounts reclassified		646		—		646
Net activity for other comprehensive loss		(1,179)		(593)		(1,772)
Balance August 31, 2016	$	(2,923)	$	66	$	(2,857)


	For the Nine Months Ended Aug. 31, 2015
			Unrealized gain
	Unrealized loss on		on investment in
	cash flow hedges		Centaur Media		Total

Balance November 30, 2014	$	(1,464)	$	629	$	(835)
Other comprehensive (loss) income before reclassifications		(512)		414		(98)
Amounts reclassified		557		—		557
Net activity for other comprehensive loss		45		414		459
Balance August 31, 2015	$	(1,419)	$	1,043	$	(376)

Schedule of components of accumulated other comprehensive income (loss)


	For the Three Months Ended
	August 31, 2016						August 31, 2015
			Tax						Tax
			(Expense)		Net-of				(Expense)		Net-of
	Pre-Tax		Benefit		Tax		Pre-Tax		Benefit		Tax
Reclassifications included in net (loss) income:
Loss on cash flow hedges (interest expense)	$	348	$	(129)	$	219	$	300	$	(111)	$	189
Total reclassifications included in net (loss) income		348		(129)		219		300		(111)		189

Mark to market adjustment on Centaur Media for a (decrease) increase in the foreign currency exchange rate		(108)		37		(71)		10		(4)		6
Mark to market adjustment on Centaur Media for a (decrease) increase in fair value		(283)		100		(183)		179		(62)		117
Decrease in fair value adjustments on Griffin’s cash flow hedges		(1,129)		419		(710)		(85)		31		(54)

Total change in other comprehensive (loss) income		(1,520)		556		(964)		104		(35)		69

Other comprehensive (loss) income	$	(1,172)	$	427	$	(745)	$	404	$	(146)	$	258


	For the Nine Months Ended
	August 31, 2016						August 31, 2015
			Tax						Tax
			(Expense)		Net-of				(Expense)		Net-of
	Pre-Tax		Benefit		Tax		Pre-Tax		Benefit		Tax
Reclassifications included in net (loss) income:
Loss on cash flow hedges (interest expense)	$	1,025	$	(379)	$	646	$	884	$	(327)	$	557
Total reclassifications included in net (loss) income		1,025		(379)		646		884		(327)		557

Mark to market adjustment on Centaur Media for a decrease in the foreign currency exchange rate		(181)		63		(118)		(39)		13		(26)
Mark to market adjustment on Centaur Media for a (decrease) increase in fair value		(731)		256		(475)		677		(237)		440
Decrease in fair value adjustments on Griffin’s cash flow hedges		(2,898)		1,073		(1,825)		(812)		300		(512)

Total change in other comprehensive (loss) income		(3,810)		1,392		(2,418)		(174)		76		(98)

Other comprehensive (loss) income	$	(2,785)	$	1,013	$	(1,772)	$	710	$	(251)	$	459