Stockholders' Equity (Tables)

12 Months Ended

Nov. 30, 2019

Stockholders' Equity

Schedule of basic and diluted per share results

	For the Fiscal Years Ended
	Nov. 30, 2019		Nov. 30, 2018		Nov. 30, 2017
Net income (loss)	$	3,668	$	(1,653)	$	4,627
Weighted average shares outstanding for computation of basic per share results		5,070,000		5,023,000		5,010,000
Incremental shares from assumed exercise of Griffin stock options (a)		36,000		—		28,000
Adjusted weighted average shares for computation of diluted per share results		5,106,000		5,023,000		5,038,000

(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 fiscal 2018 would have been 57,000 shares.

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

	For the Fiscal Years Ended
	Nov. 30, 2019			Nov. 30, 2018			Nov. 30, 2017
		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
Non-employee directors	5,946	$	12.87	5,195	$	14.41	6,570	$	13.49
Employees	-	$	-	-			5,000	$	11.13
	5,946			5,195			11,570

Schedule of assumptions used in determining fair values of options

	For the Fiscal Years Ended
	Nov. 30, 2019		Nov. 30, 2018		Nov. 30, 2017
Expected volatility	30.9	%	30.5	%	32.7 to 39.6	%
Risk free interest rates	2.3	%	3.0	%	2.1 to 2.2	%
Expected option term (in years)	8.5		8.5		7.5 to 8.5
Annual dividend yield	1.2	%	1.1	%	0.8 to 0.9	%

Schedule of option holders

Number of option holders at November 30, 2019 26

Schedule of compensation expense and related tax benefits for stock options

	For the Fiscal Years Ended
	Nov. 30, 2019		Nov. 30, 2018		Nov. 30, 2017
Compensation expense	$	261	$	350	$	349
Related tax benefit	$	43	$	53	$	86

Schedule of unrecognized compensation expense related to nonvested stock options

Fiscal 2020	$	149
Fiscal 2021	$	39

Summary of the activity under the Griffin Stock Option Plan

		Weighted Avg.
	Options	Exercise Price
Outstanding at November 30, 2016	324,546	$	29.23
Granted	11,570	$	30.59
Forfeited	(2,354)	$	36.82
Outstanding at November 30,  2017	333,762	$	29.22
Granted	5,195	$	38.48
Exercised	(94,677)	$	31.18
Forfeited	(20,279)	$	33.78
Outstanding at November 30,  2018	224,001	$	28.20
Granted	5,946	$	36.99
Exercised	(32,337)	$	28.57
Forfeited	(7,788)	$	32.62
Outstanding at November 30,  2019	189,822	$	28.23

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, 2019	Exercise Price		(in years)	Value
$23.00 - $28.00	112,638	$	26.76	6.2	$	1,340
$28.00 - $32.00	65,212	$	29.21	2.5		615
$32.00 - $39.00	11,972	$	36.74	8.1		23
	189,822	$	28.23	5.1	$	1,978

Schedule of accumulated other comprehensive income (loss)

	Unrealized Gain		Unrealized Gain
	(Loss) on Cash		(Loss) on Investment
	Flow Hedges		in Centaur Media		Total
Balance at November 30, 2016	$	(1,062)	$	13	$	(1,049)
Other comprehensive (loss) income before reclassifications		(45)		159		114
Amounts reclassified		823		(172)		651
Net activity for other comprehensive loss		778		(13)		765
Balance at November 30, 2017		(284)		—		(284)
Other comprehensive income before reclassifications		2,242		—		2,242
Amounts reclassified		473		—		473
Adoption of ASU No. 2018-02 - reclassification of deferred taxes to retained earnings		(36)		—		(36)
Net activity for other comprehensive income		2,679		—		2,679
Balance at November 30, 2018		2,395		—		2,395
Other comprehensive income before reclassifications		(5,560)		—		(5,560)
Amounts reclassified		24		—		24
Net activity for other comprehensive loss		(5,536)		—		(5,536)
Balance at November 30, 2019	$	(3,141)	$	—	$	(3,141)

Schedule of components of accumulated other comprehensive income (loss)

	For the Fiscal Years Ended
	November 30, 2019						November 30, 2018						November 30, 2017
			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):
Loss on cash flow hedges (interest expense)	$	32	$	(8)	$	24	$	636	$	(163)	$	473	$	1,299	$	(476)	$	823
Realized gain on sale of Centaur Media (gain on sale)		—		—		—		—		—		—		(281)		109		(172)
Total reclassifications included in net income (loss)		32		(8)		24		636		(163)		473		1,018		(367)		651
(Decrease) increase in fair value adjustment on Griffin's cash flow hedges		(7,154)		1,594		(5,560)		2,876		(634)		2,242		(58)		13		(45)
Mark to market adjustment on Centaur Media for an increase in fair value		—		—		—		—		—		—		220		(77)		143
Mark to market adjustment on Centaur Media for an increase in the foreign currency exchange rate		—		—		—		—		—		—		25		(9)		16
Total change in other comprehensive income (loss)		(7,154)		1,594		(5,560)		2,876		(634)		2,242		187		(73)		114
Total other comprehensive (loss) income	$	(7,122)	$	1,586	$	(5,536)	$	3,512	$	(797)	$	2,715	$	1,205	$	(440)	$	765