Stockholders' Equity (Tables)

12 Months Ended

Nov. 30, 2016

Schedule of basic and diluted per share results


	For the Fiscal Years Ended
	Nov. 30,		Nov. 30,		Nov. 30,
	2016		2015		2014
Income (loss) from continuing operations for computation of basic and diluted per share results, net of tax	$	576	$	425	$	(1,248)
Income from discontinued operations for computation of basic and diluted per share results, net of tax		—		—		144
Net income (loss)	$	576	$	425	$	(1,104)

Weighted average shares outstanding for computation of basic per share results		5,117,000		5,151,000		5,148,000
Incremental shares from assumed exercise of Griffin stock options (a)		6,000		17,000		—
Adjusted weighted average shares for computation of diluted per share results		5,123,000		5,168,000		5,148,000

(a)

Incremental shares from the assumed exercise of Griffin stock options are not included in periods where inclusion of such shares would be anti‑dilutive. Such assessment is based on income (loss) from continuing operations when net income includes discontinued operations. For the fiscal year ended November 30, 2014, the incremental shares from the assumed exercise of stock options would have been 11,000 shares.

Schedule of options granted by Griffin under the Stock Option Plan to non-employee directors


	For the Fiscal Years Ended
	Nov. 30, 2016			Nov. 30, 2015			Nov. 30, 2014
		Fair Value per			Fair Value per			Fair Value per
	Number of	Option at		Number of	Option at		Number of	Option at
	Shares	Grant Date		Shares	Grant Date		Shares	Grant Date
Employees	101,450	$	7.51 - 11.65	-	$	-	-	$	-
Non-employee directors	8,409	$	11.30	8,282	$	14.39	8,532	$	12.42
	109,859			8,282			8,532

Schedule of assumptions used in determining fair values of options


	For the Fiscal Years Ended
	Nov. 30, 2016	Nov. 30, 2015		Nov. 30, 2014
Expected volatility	32.9% to 41.1%	40.8	%	38.9	%
Risk free interest rates	1.2% to 1.5%	2.0	%	2.2	%
Expected option term (in years)	5 to 8.5	8.5		8.5
Annual dividend yield	0.9%	0.7	%	0.7	%

Schedule of option holders


Number of option holders at November 30, 2016		31

Schedule of compensation expense and related tax benefits for stock options


	For the Fiscal Years Ended
	Nov. 30, 2016		Nov. 30, 2015		Nov. 30, 2014
Compensation expense - continuing operations	$	267	$	230	$	338
Compensation expense - discontinued operations		—		—		(130)
Net compensation expense	$	267	$	230	$	208

Related tax benefit - continuing operations	$	62	$	61	$	78
Related tax benefit - discontinued operations		—		—		(15)
Net related tax benefit	$	62	$	61	$	63

Schedule of unrecognized compensation expense related to nonvested stock options


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



		Weighted Avg.
	Options	Exercise Price
Outstanding at November 30, 2013	239,677	$	30.35
Granted	8,532	$	28.12
Exercised	(3,208)	$	24.94
Forfeited	(23,000)	$	30.27
Outstanding at November 30, 2014	222,001	$	30.35
Granted	8,282	$	31.38
Exercised	(3,134)	$	25.53
Forfeited	(1,422)	$	28.12
Outstanding at November 30, 2015	225,727	$	30.47
Granted	109,859	$	26.83
Forfeited	(11,040)	$	30.73
Outstanding at November 30, 2016	324,546	$	29.23

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	November 30, 2016	Exercise Price		(in years)	Value
$23.00 - $28.00	124,793	$	26.67	8.9	$	597
$28.00 - $32.00	116,678	$	28.92	4.6		296
$32.00 - $39.00	83,075	$	33.52	1.9		—
	324,546	$	29.23	5.6	$	893

Schedule of accumulated other comprehensive loss


	Unrealized Gain		Unrealized Gain		Actuarial Gain
	(Loss) on Cash		(Loss) on Investment		on Postretirement
	Flow Hedges		in Centaur Media		Benefit Program		Total
Balance at November 30, 2013	$	(1,401)	$	648	$	304	$	(449)
Other comprehensive (loss) income before reclassifications		(695)		185		—		(510)
Amounts reclassified		632		(204)		(304)		124
Net activity for other comprehensive loss		(63)		(19)		(304)		(386)
Balance at November 30, 2014		(1,464)		629		—		(835)
Other comprehensive (loss) income before reclassifications		(1,058)		30		—		(1,028)
Amounts reclassified		778		—		—		778
Net activity for other comprehensive loss		(280)		30		—		(250)
Balance at November 30, 2015		(1,744)		659		—		(1,085)
Other comprehensive loss before reclassifications		(174)		(646)		—		(820)
Amounts reclassified		856		—		—		856
Net activity for other comprehensive income		682		(646)		—		36
Balance at November 30, 2016	$	(1,062)	$	13	$	—	$	(1,049)

Schedule of components of accumulated other comprehensive income (loss)


	For the Fiscal Years Ended
	November 30, 2016						November 30, 2015						November 30, 2014
			Tax						Tax						Tax
			(Expense)						(Expense)						(Expense)
	Pre-Tax		Benefit		Net-of-Tax		Pre-Tax		Benefit		Net-of-Tax		Pre-Tax		Benefit		Net-of-Tax
Reclassifications included in net income (loss):
Realized gain on sale of Centaur Media (gain on sale)	$	—	$	—	$	—	$	—	$	—	$	—	$	(321)	$	117	$	(204)
Termination of postretirement benefits program ($283 net of tax to discontinued operations, $21 net of tax to general and administrative expenses)		—		—		—		—		—		—		(485)		181		(304)
Loss on cash flow hedges (interest expense)		1,358		(502)		856		1,234		(456)		778		1,003		(371)		632
Total reclassifications included in net income (loss)		1,358		(502)		856		1,234		(456)		778		197		(73)		124
Mark to market adjustment on Centaur Media for the (decrease) increase in fair value		(763)		267		(496)		123		(43)		80		358		(125)		233
Mark to market adjustment on Centaur Media for the decrease in exchange gain		(230)		80		(150)		(77)		27		(50)		(73)		25		(48)
Decrease in fair value adjustment on Griffin's cash flow hedges		(277)		103		(174)		(1,678)		620		(1,058)		(1,103)		408		(695)
Total change in other comprehensive loss		(1,270)		450		(820)		(1,632)		604		(1,028)		(818)		308		(510)
Total other comprehensive income (loss)	$	88	$	(52)	$	36	$	(398)	$	148	$	(250)	$	(621)	$	235	$	(386)