Stockholders' Equity (Tables)

3 Months Ended

Feb. 29, 2020

Stockholders' Equity

Schedule of basic and diluted per share results

	For the Three Months Ended
	Feb. 29, 2020		Feb. 28, 2019
Net loss	$	(320)	$	(586)
Weighted average shares outstanding for computation of basic per share results		5,075,000		5,065,000
Incremental shares from assumed exercise of Griffin stock options (a)		—		—
Adjusted weighted average shares for computation of diluted per share results		5,075,000		5,065,000

(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 2020 first quarter and 2019 first quarter would have been 54,000 and 21,000, respectively.

Schedule of option holders

Number of option holders at February 29, 2020 26

Schedule of compensation expense and related tax benefits for stock options

	For the Three Months Ended
	Feb. 29, 2020		Feb. 28, 2019
Compensation expense	$	57	$	90
Related tax benefit	$	9	$	13

Schedule of unrecognized compensation expense related to nonvested stock options

Balance of Fiscal 2020	$	122
Fiscal 2021	$	39

Summary of the activity under the Griffin Stock Option Plan

	For the Three Months Ended
	February 29, 2020			February 28, 2019
	Number of		Weighted Avg.	Number of		Weighted Avg.
	Shares		Exercise Price	Shares		Exercise Price
Outstanding at beginning of period	189,822	$	28.23	224,001	$	28.20
Forfeited	—	$	—	(1,749)	$	34.30
Outstanding at end of period	189,822	$	28.23	222,252	$	28.15

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	February 29, 2020	Exercise Price		(in years)	Value
$23.00 - $28.00	112,638	$	26.76	6.0	$	1,519
$28.00 - $32.00	65,212	$	29.21	2.3		719
$32.00 - $39.00	11,972	$	36.74	7.8		42
	189,822	$	28.23	4.8	$	2,280

Schedule of accumulated other comprehensive income (loss)

	For the Three Months Ended
	Feb. 29, 2020			Feb. 28, 2019
Balance at beginning of period	$	(3,141)	$	2,395
Other comprehensive loss before reclassifications		(2,524)		(1,500)
Amounts reclassified		95		42
Net activity for other comprehensive loss		(2,429)		(1,458)
Balance at end of period	$	(5,570)	$	937

Schedule of components of accumulated other comprehensive income (loss)

	For the Three Months Ended
	February 29, 2020						February 28, 2019
			Tax						Tax
			(Expense)		Net-of				(Expense)		Net-of
	Pre-Tax		Benefit		Tax		Pre-Tax		Benefit		Tax
Reclassification included in net loss:
Loss on cash flow hedges (interest expense)	$	125	$	(30)	$	95	$	55	$	(13)	$	42
Change in other comprehensive loss:
Decrease in fair value adjustments on Griffin’s cash flow hedges		(3,401)		877		(2,524)		(1,923)		423		(1,500)
Other comprehensive loss	$	(3,276)	$	847	$	(2,429)	$	(1,868)	$	410	$	(1,458)