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Unusual Items
 12 Months Ended
Nov. 30, 2013
Extraordinary And Unusual Items [Abstract]  
Unusual Items
Note 15.

Unusual Items

Total unusual items expense, a component of other expense, net in the consolidated statements of operations was as follows:

 

     Year Ended  
     2013     2012      2011  
     (In millions)  

Aerospace and Defense:

        

(Gain) loss on legal matters and settlements

    $ (1.0 )    $ 0.7       $ 4.1   

Rocketdyne Business acquisition related costs

      2.6        —         —  
  

 

 

    

 

 

     

 

 

  

Aerospace and defense unusual items

      1.6        0.7         4.1   
  

 

 

    

 

 

     

 

 

  

Corporate:

        

Rocketdyne Business acquisition related costs

      17.4        11.6         —  

Loss on debt repurchased

      5.0        0.4         0.2   

Loss on legal settlement

      0.5        —        —  

Loss on bank amendment

      —       —        1.3   
  

 

 

    

 

 

     

 

 

  

Corporate unusual items

      22.9        12.0         1.5   
  

 

 

    

 

 

     

 

 

  

Total unusual items

    $ 24.5      $ 12.7       $ 5.6   
  

 

 

    

 

 

     

 

 

  

Fiscal 2013 Activity:

The Company recorded a charge of $0.5 million related to a legal settlement.

The Company recorded ($1.0) million for gains and interest associated with the failure to register with the SEC the issuance of certain of the Company’s common shares under the defined contribution 401(k) employee benefit plan.

The Company incurred expenses of $20.0 million, including internal labor costs of $1.4 million, related to the Rocketdyne Business acquisition.

A summary of the Company’s losses on the 4 1/16% Debentures repurchased during fiscal 2013 is as follows (in millions):

 

Principal amount repurchased

    $ 5.2   

Cash repurchase price

      (10.1 ) 

Write-off of the deferred financing costs

      (0.1 ) 
  

 

 

  

Loss on 4 1/16% Debentures repurchased

    $ (5.0 ) 
  

 

 

  

Fiscal 2012 Activity:

The Company recorded $0.7 million for losses and interest associated with the failure to register with the SEC the issuance of certain of the Company’s common shares under the defined contribution 401(k) employee benefit plan.

The Company incurred expenses of $11.6 million, including internal labor costs of $2.0 million, related to the Rocketdyne Business acquisition announced in July 2012.

The Company redeemed $75.0 million of its 9 1/2% Notes at a redemption price of 100% of the principal amount. The redemption resulted in a charge of $0.4 million associated with the write-off of the 9 1/2% Notes deferred financing costs.

 

Fiscal 2011 Activity:

The Company recorded a charge of $3.3 million related to a legal settlement and $0.8 million for 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.