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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Operating activities:    
Net income (loss) $ (763) $ 261
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 6,540 5,627
Gain on sales of properties (280) (2,163)
Deferred income taxes (154) 106
Stock-based compensation expense 185 192
Amortization of debt issuance costs 222 174
Gain on sale of assets (122)  
Accretion of discount on note receivable   (49)
Changes in assets and liabilities:    
Other assets (3,065) (631)
Accounts payable and accrued liabilities 346 442
Deferred revenue 301 5,478
Other liabilities 337 477
Net cash provided by operating activities 3,547 9,914
Investing activities:    
Additions to real estate assets (13,365) (26,461)
Deferred leasing costs and other (564) (836)
Proceeds from collection of note receivable   1,500
Proceeds from sales of property   400
Net cash used in investing activities (13,929) (25,397)
Financing activities:    
Proceeds from debt 18,800 28,891
Payments of debt (9,398) (19,531)
Repurchase of common stock (1,951)  
Dividends paid to stockholders (1,546) (1,030)
Mortgage proceeds held in escrow 600 (3,125)
Debt issuance costs (434) (511)
Exercise of stock options   80
Net cash provided by financing activities 6,071 4,774
Net decrease in cash and cash equivalents (4,311) (10,709)
Cash and cash equivalents at beginning of period 18,271 17,059
Cash and cash equivalents at end of period $ 13,960 $ 6,350