Quarterly Financial Data

12 Months Ended

Nov. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Note 12. Quarterly Financial Data (Unaudited)

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter(1)
	(In millions, except per share amounts)
2013
Net sales	$	243.7		$	286.6		$	367.5		$	485.3
Cost of sales (exclusive of items shown separately on Statement of Operations)		217.5			254.4			326.7			431.0
(Loss) income from continuing operations before income taxes		(9.2	)		(9.6	)		(9.0	)		1.6
(Loss) income from continuing operations		(14.1	)		(11.7	)		197.6			(4.1	)
Income (loss) from discontinued operations, net of income taxes		0.1			(0.1	)		(0.2	)		0.4
Net (loss) income		(14.0	)		(11.8	)		197.4			(3.7	)
Basic (loss) income per share from continuing operations		(0.24	)		(0.20	)		3.25			(0.07	)
Basic income per share from discontinued operations, net of income taxes		—			—			—			0.01
Basic net (loss) income per share		(0.24	)		(0.20	)		3.25			(0.06	)
Diluted (loss) income per share from continuing operations		(0.24	)		(0.20	)		2.39			(0.07	)
Diluted income per share from discontinued operations, net of income taxes		—			—			—			0.01
Diluted net (loss) income per share		(0.24	)		(0.20	)		2.39			(0.06	)

	First Quarter		Second Quarter		Third Quarter			Fourth Quarter(2)
	(In millions, except per share amounts)
2012
Net sales	$	201.9	$	249.9	$	244.9		$	298.2
Cost of sales (exclusive of items shown separately on Statement of Operations)		173.9		220.3		214.1			261.3
Income (loss) from continuing operations before income taxes		4.7		4.6		(0.5	)		4.4
Income (loss) from continuing operations		2.4		1.3		(8.7	)		(0.7	)
Income (loss) from discontinued operations, net of income taxes		—		0.4		(0.8	)		3.5
Net income (loss)		2.4		1.7		(9.5	)		2.8
Basic and diluted income (loss) per share from continuing operations		0.04		0.02		(0.15	)		(0.01	)
Basic and diluted income (loss) per share from discontinued operations, net of income taxes		—		0.01		(0.01	)		0.06
Basic and diluted net income (loss) per share		0.04		0.03		(0.16	)		0.05

(1) During the fourth quarter of fiscal 2013, the Company recorded out of period adjustments to selling, general and administrative expense and the income tax provision and related balance sheet accounts. The out of period adjustments relate to the accounting for a legal settlement, basis of taxable goodwill and state income taxes. The Company recorded an adjustment to correct the identified errors resulting in the Company under reporting income by $0.3 million.

(2) During the fourth quarter of fiscal 2012, the Company recorded out of period adjustments to cost of sales, interest expense, and the income tax provision and related balance sheet accounts. The out of period adjustments relate to the treatment of intercompany interest within the state tax provisions and the accounting for a lease modification. The Company recorded an adjustment to correct the identified errors resulting in the Company under reporting income by $0.4 million.