Income Taxes (Tables)

12 Months Ended

Nov. 30, 2020

Income Taxes

Schedule of income tax (provision) benefit in continuing operations

	For the Fiscal Years Ended
	Nov. 30,		Nov. 30,		Nov. 30,
	2020		2019		2018
Current federal	$	—	$	—	$	25
Current state and local		—		(88)		(102)
Deferred federal		(1,919)		(511)		(678)
Deferred state and local		(1,157)		812		250
Total income tax (provision) benefit	$	(3,076)	$	213	$	(505)

Schedule of other comprehensive (loss) income including deferred tax (expense) benefit

	For the Fiscal Years Ended
	Nov. 30,		Nov. 30,		Nov. 30,
	2020		2019		2018
Fair value adjustment of INDUS's cash flow hedges	$	—	$	1,586	$	(797)

Schedule of differences between the income tax benefit at the United States statutory income tax rates and the actual income tax benefit on continuing operations

	For the Fiscal Years Ended
	Nov. 30,		Nov. 30,		Nov. 30,
	2020		2019		2018
Tax (provision) benefit at statutory rate	$	2,025	$	(726)	$	255
Deferred tax adjustment due to REIT election		(4,005)		-		-
State and local taxes, including valuation allowance, net of federal tax effect		117		737		78
Permanent items		(1,253)		44		(24)
Federal rate change under TCJA		-		-		(1,001)
Other		40		158		187
Total income tax (provision) benefit	$	(3,076)	$	213	$	(505)

Schedule of significant components of deferred tax assets and deferred tax liabilities

Deferred tax assets (liabilities):
Federal net operating loss carryforwards	$	2,759
State net operating loss carryforwards		2,087
Deferred revenue		2,372
Retirement benefit plans		1,521
Cash flow hedges		938
Non-qualified stock options		424
Disallowed interest		—
Real estate assets		(4,274)
Deferred rent		(956)
Other		(128)
Total deferred tax assets		4,743
Valuation allowances		(1,462)
Net total deferred tax assets	$	3,281