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Shareholders' Deficit (Tables)
6 Months Ended 12 Months Ended
May 31, 2013
Nov. 30, 2012
Summary of Stock-Based Compensation Expense

Total stock-based compensation expense by type of award for the second quarter and first half of fiscal 2013 and 2012 was as follows:

 

     Three months ended May 31,      Six months ended May 31,  
     2013      2012      2013      2012  
     (In millions)  

Stock appreciation rights

   $ 2.2       $ 0.1       $ 4.7       $ 0.4   

Stock options

     —          0.3         —          0.4   

Restricted stock, service based

     0.7         0.7         1.2         1.1   

Restricted stock, performance based

     0.2         0.2         0.4         0.3   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 3.1       $ 1.3       $ 6.3       $ 2.2   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense by type of award was as follows:

 

     Year Ended  
     2012      2011      2010  
     (In millions)  

Stock appreciation rights (“SARS”)

   $ 2.7       $ 0.4       $ (0.9

Stock options

     0.8         0.9         0.2   

Restricted stock, service-based

     2.2         1.7         1.0   

Restricted stock, performance-based

     0.8         0.7         0.1   
  

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 6.5       $ 3.7       $ 0.4   
  

 

 

    

 

 

    

 

 

 
Summary of Stock Appreciation Rights  

A summary of the status of the Company’s SARS as of November 30, 2012 and changes during fiscal 2012 is presented below:

 

     SARS
(In thousands)
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life (years)
     Aggregate
Intrinsic
Value
(In millions)
 

Outstanding at November 30, 2011

     1,438      $ 10.75         

Granted

     99        6.82         

Cancelled

     (8     14.88         
  

 

 

   

 

 

       

Outstanding at November 30, 2012

     1,529      $ 10.47         4.4       $ 2.9   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at November 30, 2012

     1,402      $ 10.90         4.3       $ 2.4   
  

 

 

   

 

 

    

 

 

    

 

 

 

Expected to vest at November 30, 2012

     122      $ 5.70         5.9       $ 0.4   
  

 

 

   

 

 

    

 

 

    

 

 

 
Schedule of Stock Options Activity  

A summary of the status of the Company’s stock options as of November 30, 2012 and changes during fiscal 2012 is presented below:

 

     Stock
Options
(In thousands)
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
     Intrinsic
Value
(In millions)
 

Outstanding at November 30, 2011

     1,234      $ 7.17         

Granted

     9        6.00         

Exercised

     (184     7.30         

Cancelled

     (210     12.22         
  

 

 

   

 

 

       

Outstanding at November 30, 2012

     849      $ 5.87         4.6       $ 2.9   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at November 30, 2012

     360      $ 6.67         4.0       $ 1.0   
  

 

 

   

 

 

    

 

 

    

 

 

 

Expected to vest at November 30, 2012

     446      $ 5.55         4.9       $ 1.6   
  

 

 

   

 

 

    

 

 

    

 

 

 
Summary of Range of Exercise Prices and Weighted-Average Exercise Prices for Options Outstanding  

The following table summarizes the range of exercise prices and weighted-average exercise prices for options outstanding as of November 30, 2012 under the Company’s stock option plans:

 

          Outstanding  

Year Granted

   Range of Exercise
Prices
   Stock
Options
Outstanding
(In thousands)
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life (years)
 

2003

   $7.73 – $9.29      103       $ 8.46         0.4   

2004

   $10.92      28       $ 10.92         1.2   

2009

   $4.54      154       $ 4.54         6.6   

2010

   $4.91 – $7.14      456       $ 6.82         5.6   

2011

   $6.01      100       $ 6.01         5.3   

2012

   $6.00      8       $ 6.00         9.2   
     

 

 

       
        849         
     

 

 

       
Restricted shares, service based [Member]
   
Summary of Restricted Stock Units  

The following is summary of the status of the Company’s service-based restricted stock as of November 30, 2012 and changes during fiscal 2012:

 

     Service
Based
Restricted
Stock
(In thousands)
    Weighted
Average
Grant Date
Fair Value
 

Outstanding at November 30, 2011

     473      $ 5.80   

Granted

     384        7.05   

Vested

     (213     6.69   

Canceled

     (6     5.11   
  

 

 

   

 

 

 

Outstanding at November 30, 2012

     638      $ 6.41   
  

 

 

   

 

 

 

Expected to vest at November 30, 2012

     631      $ 6.41   
  

 

 

   

 

 

 
Performance-based restricted stock [Member]
   
Summary of Restricted Stock Units  

The following is a summary of the status of the Company’s performance-based restricted stock as of November 30, 2012 and changes during fiscal 2012:

 

     Performance
Based
Restricted
Stock
(In thousands)
    Weighted
Average
Grant Date
Fair Value
 

Outstanding at November 30, 2011

     428      $ 5.37   

Granted

     333        6.87   

Vested

     (126     6.00   

Cancelled

     (5     4.91   
  

 

 

   

 

 

 

Outstanding at November 30, 2012

     630      $ 6.33   
  

 

 

   

 

 

 

Expected to vest at November 30, 2012

     502      $ 6.42   
  

 

 

   

 

 

 
Employee Stock Option [Member]
   
Schedule of Weighted Average Assumptions Used to Determine Fair Value of Stock Options  

The fair value of stock options was estimated using a Black-Scholes Model with the following weighted average assumptions:

 

     Year Ended  
     2012     2011     2010  

Expected life (in years)

     7.0        7.0        7.0   

Volatility

     57.47     57.19     55.43

Risk-free interest rate

     1.54     2.53     2.44

Dividend yield

     0.00     0.00     0.00
Stock Appreciation Rights [Member]
   
Schedule of Weighted Average Assumptions Used to Determine Fair Value of Stock Options  

The fair value of SARS was estimated using a Black-Scholes Model with the following weighted average assumptions:

 

     Year Ended  
     2012     2011     2010  

Expected life (in years)

     3.7        4.4        5.1   

Volatility

     55.47     62.60     66.53

Risk-free interest rate

     0.51     0.91     1.56

Dividend yield

     0.00     0.00     0.00