Quarterly Financial Data (Unaudited)

12 Months Ended

Nov. 30, 2011

Quarterly Financial Data (Unaudited) [Abstract]

Quarterly Financial Data (Unaudited)

11. Quarterly Financial Data (Unaudited)

		Quarter(1)			Quarter(1)			Quarter(1)			Quarter(1)
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter(1)
	(In millions, except per share amounts)
2011
Net sales	$	209.8		$	229.9		$	226.2		$	252.2
Cost of sales (exclusive of items shown separately on Statement of Operations)		180.6			203.0			197.5			218.2
Unusual items		—			0.2			0.2			5.2
Income from continuing operations before income taxes		4.5			1.0			1.6			1.9
Income (loss) from continuing operations		1.9			0.5			1.3			(0.8	)
(Loss) income from discontinued operations, net of income taxes		(0.7	)		(0.5	)		(0.1	)		1.3
Net income		1.2			—			1.2			0.5
Basic income (loss) per share from continuing operations		0.03			0.01			0.02			(0.01	)
Basic (loss) income per share from discontinued operations, net of income taxes		(0.01	)		(0.01	)		—			0.02
Basic net income per share		0.02			—			0.02			0.01
Diluted income (loss) per share from continuing operations		0.03			0.01			0.02			(0.01	)
Diluted (loss) income per share from discontinued operations, net of income taxes		(0.01	)		(0.01	)		—			0.02
Diluted net income per share	$	0.02		$	—		$	0.02		$	0.01

		Quarter(1)			Quarter(1)		Quarter(1)			Quarter(1)
	First Quarter			Second Quarter(2)		Third Quarter(2)			Fourth Quarter
	(In millions, except per share amounts)
2010
Net sales	$	186.8		$	234.1	$	210.7		$	226.3
Cost of sales (exclusive of items shown separately on Statement of Operations)		169.7			205.5		180.8			197.9
Unusual items		1.6			2.1		2.0			(2.3	)
(Loss) income from continuing operations before income taxes		(5.7	)		3.0		4.0			0.8
(Loss) income from continuing operations		(9.9	)		12.9		3.5			(0.5	)
Income (loss) from discontinued operations, net of income taxes		1.0			0.6		(0.7	)		(0.1	)
Net (loss) income		(8.9	)		13.5		2.8			(0.6	)
Basic (loss) income per share from continuing operations		(0.17	)		0.22		0.06			(0.01	)
Basic income (loss) per share from discontinued operations, net of income taxes		0.02			0.01		(0.01	)		—
Basic net (loss) income per share		(0.15	)		0.23		0.05			(0.01	)
Diluted (loss) income per share from continuing operations		(0.17	)		0.18		0.06			(0.01	)
Diluted income (loss) per share from discontinued operations, net of income taxes		0.02			0.01		(0.01	)		—
Diluted net (loss) income per share	$	(0.15	)	$	0.19	$	0.05		$	(0.01	)

(1) During the fourth quarter of fiscal 2011, the Company recorded out of period adjustments to the income tax provision and related balance sheet accounts. The out of period adjustments primarily relate to the Company incorrectly calculating the tax benefit on a tax refund associated with an election made on the Company’s 2003 income tax return and the Company not recording a reserve for uncertain tax positions during the appropriate period. During the fourth quarter of fiscal 2011, the Company recorded an adjustment to correct the identified errors resulting in the Company under reporting income by approximately $1.0 million. See Note 1(a).

(2) During the second and third quarters of fiscal 2010, the Company recorded out of period adjustments to the income tax benefit and related balance sheet accounts. The Company incorrectly recorded a valuation allowance on its U.S. federal alternative minimum tax credits and California research credits. The out of period adjustments resulted in the Company reporting $3.5 million and $0.7 million in additional net income in the second and third quarters of fiscal 2010, respectively. See Note 1(a).