Long-term Debt (Tables)

6 Months Ended

May. 31, 2015

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term Debt

	May 31, 2015			November 30, 2014
	(In millions)
Term loan, bearing interest at variable rates (rate of 2.52% as of May 31, 2015), payable in quarterly installments of $1.3 million plus interest, maturing in May 2019	$	96.3		$	98.8
Total senior debt	96.3			98.8
Senior secured notes, bearing interest at 7.125% per annum, interest payments due in March and September, maturing in March 2021	460.0			460.0
Total senior secured notes	460.0			460.0
Convertible subordinated debentures, bearing interest at 2.25% per annum, interest payments due in May and November, maturing in November 2024	0.2			0.2
Convertible subordinated debentures, bearing interest at 4.0625% per annum, interest payments due in June and December, maturing in December 2039	97.8			133.6
Total convertible subordinated notes	98.0			133.8
Delayed draw term loan, bearing interest at variable rates (rate of 9.50% as of May 31, 2015), maturing in April 2022	63.0			89.0
Capital lease, payable in monthly installments, maturing in March 2017	0.6			0.6
Total other debt	63.6			89.6
Total debt	717.9			782.2
Less: Amounts due within one year	(5.3		)	(5.3		)
Total long-term debt	$	712.6		$	776.9

Schedule of Actual Ratios and Required Ratios Under Financial Covenants

Financial Covenant	Actual Ratios as of May 31, 2015	Required Ratios
Interest coverage ratio, as defined under the Senior Credit Facility	4.36 to 1.00	Not less than: 2.40 to 1.00
Leverage ratio, as defined under the Senior Credit Facility	2.55 to 1.00	Not greater than: 4.50 to 1.00

Summary of 4 1/16% Debentures Repurchased

A summary of the Company’s 4 ¹/₁₆% Debentures repurchased during the first half of fiscal 2014 is as follows (in millions):    

Principal amount repurchased	$	50.2
Cash repurchase price	(100.8		)
Write-off of deferred financing costs	(0.2		)
Loss on 4 1/16% Debentures repurchased	$	(50.8	)