Quarterly Results of Operations (Unaudited)

12 Months Ended

Nov. 30, 2017

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

10. Quarterly Results of Operations (Unaudited)

Summarized quarterly financial data are presented below:

Fiscal 2017 Quarters	1st		2nd		3rd		4th		Total
Total revenue	$	6,979	$	18,087	$	9,954	$	8,864	$	43,884
Operating income (loss)		(86)		8,671		3,194		843		12,622
Net income (loss)		(939)		4,727		1,329		(490)		4,627
Basic net income (loss) per common share		(0.19)		0.95		0.27		(0.10)		0.92
Diluted net income (loss) per common share		(0.19)		0.94		0.26		(0.10)		0.92

Fiscal 2016 Quarters	1st		2nd		3rd		4th		Total
Total revenue	$	6,682	$	6,524	$	7,265	$	10,380	$	30,851
Operating income		804		270		1,089		3,464		5,627
Net income (loss)		(335)		(379)		(49)		1,339		576
Basic net income (loss) per common share		(0.07)		(0.07)		(0.01)		0.26		0.11
Diluted net income (loss) per common share		(0.07)		(0.07)		(0.01)		0.26		0.11

Total revenue in Griffin's fiscal 2017 fourth quarter consolidated statement of operations includes revenue from property sales of $900 from the sale of a land parcel in Bloomfield, Connecticut.

Total revenue in Griffin’s fiscal 2016 fourth quarter consolidated statement of operations includes revenue from property sales of $3,756 from the sale of a land parcel in Bloomfield, Connecticut.

The sum of the four quarters earnings per share data may not equal the annual earnings per share data due to the requirement that each period be calculated separately.