Unusual Items

12 Months Ended

Nov. 30, 2011

Unusual Items [Abstract]

Unusual Items

13. Unusual Items

Charges and gains associated with unusual items are summarized as follows:

	Year Ended
	2011		2010			2009
	(In millions)
Aerospace and Defense:
Loss on legal matters and settlements	$	4.1	$	2.8		$	1.3
Aerospace and defense unusual items		4.1		2.8			1.3
Corporate:
Executive severance agreements		—		1.4			3.1
Loss on debt repurchased		0.2		1.2			—
Loss on bank amendment		1.3		0.7			0.2
Gain on legal settlement		—		(2.7	)		—
Corporate unusual items		1.5		0.6			3.3
Total unusual items	$	5.6	$	3.4		$	4.6

Fiscal 2011 Activity:

The Company recorded a charge of $3.3 million related to a legal settlement and $0.8 million for realized losses and interest associated with the failure to register with the SEC the issuance of certain of its common shares under the defined contribution 401(k) employee benefit plan.

During fiscal 2011, the Company repurchased $22.0 million principal amount of its 2 ¹/4% Debentures at various prices ranging from 99.0% of par to 99.6% of par resulting in a loss of $0.2 million.

In addition, during fiscal 2011, the Company recorded $1.3 million of losses related to an amendment to the Senior Credit Facility.

Fiscal 2010 Activity:

In fiscal 2010, the Company recorded $1.4 million associated with executive severance. In addition, the Company recorded a charge of $1.9 million related to the estimated unrecoverable costs of legal matters and $0.9 million for realized losses and interest associated with the failure to register with the SEC the issuance of certain of its common shares under the defined contribution 401(k) employee benefit plan. Further, the Company recorded a $2.7 million gain related to a legal settlement.

In addition, during fiscal 2010, the Company recorded $0.7 million of losses related to an amendment to the Senior Credit Facility.

A summary of the Company’s losses on the 2  ¹/4% Debentures repurchased during fiscal 2010 is as follows (in millions):

Principal amount repurchased	$	77.8
Cash repurchase price		(74.3	)
		3.5
Write-off of the associated debt discount		(6.3	)
Portion of the 2 1 /4% Debentures repurchased attributed to the equity component		2.9
Write-off of the deferred financing costs		(0.4	)
Loss on 2 1/4% Debentures repurchased	$	(0.3	)

A summary of the Company’s losses on the 9  ¹/2% Notes repurchased during fiscal 2010 is as follows (in millions):

Principal amount repurchased	$	22.5
Cash repurchase price		(23.0	)
Write-off of the deferred financing costs		(0.4	)
Loss on 9 1/2% Notes repurchased	$	(0.9	)

Fiscal 2009 Activity:

In fiscal 2009, the Company recorded a charge of $1.3 million for realized losses and interest associated with its failure to register with the SEC the issuance of certain of the Company’s common shares under its defined contribution 401(k) employee benefit plan. During fiscal 2009, the Company also incurred a charge of $3.1 million associated with executive severance agreements. Additionally, the Company recorded costs of $0.2 million related to a bank amendment.