XML 54 R41.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Feb. 28, 2018
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2018
Income tax benefit (expense) on continuing operations        
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)
Income tax rate changes        
Federal income tax rate 21.00%   22.00% 35.00%
Impact of lower statutory rate applied to deferred tax assets and deferred tax liabilities resulted for the re-measurement of deferred tax assets and liabilities     $ 1,001  
Income Taxes, additional disclosures        
Inocme tax expense as a result of de-recognition of deferred tax asstes   4,005    
Income tax benefit   3,076 (213) $ 505
Effect on income tax benefit for valuation allowance   $ 873    
Number of consecutive years   4 years    
Change in fair value of financial instruments   $ (1,255)    
Non-deductible costs related to REIT conversion   (175)    
Income tax benefit from exercise of stock options   255    
Deferred tax (expense) benefit included in other comprehensive (loss) income        
Fair value adjustment of INDUS's cash flow hedges     1,586 (797)
Differences between income tax benefits at the United States statutory income tax rates and the actual income tax benefits on continuing operations        
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)
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  
Real estate assets     (4,274)  
Deferred rent     (956)  
Other     (128)  
Total deferred tax assets     4,743  
Valuation allowance     (1,462)  
Net total deferred tax assets   0 3,281  
Operating loss carryforwards        
Accrual for uncertain income tax positions   0    
State        
Income Taxes, additional disclosures        
Effect on income tax benefit for valuation allowance   921 681  
Operating loss carryforwards        
Net operating loss carryforwards   $ 33,916    
State | Minimum        
Operating loss carryforwards        
Expiration period of operating loss carryforwards   8 years    
State | Maximum        
Operating loss carryforwards        
Expiration period of operating loss carryforwards   20 years    
Federal        
Income tax benefit (expense) on continuing operations        
Total income tax (provision) benefit   $ (193) 146  
Income Taxes, additional disclosures        
Income tax benefit   193 (146)  
Differences between income tax benefits at the United States statutory income tax rates and the actual income tax benefits on continuing operations        
Total income tax (provision) benefit   (193) $ 146  
Operating loss carryforwards        
Net operating loss carryforwards   $ 17,071    
Federal | Minimum        
Operating loss carryforwards        
Expiration period of operating loss carryforwards   13 years    
Federal | Maximum        
Operating loss carryforwards        
Expiration period of operating loss carryforwards   20 years    
ASU 2016-09        
Deferred tax assets (liabilities):        
Non-qualified stock options $ 879