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Income (Loss) Per Share of Common Stock (Tables)
12 Months Ended
Nov. 30, 2013
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used to Calculate Basic and Diluted Income (Loss) Per Share

A reconciliation of the numerator and denominator used to calculate basic and diluted income (loss) per share of common stock (“EPS”) is presented in the following table:

 

     Year Ended  
     2013     2012     2011  
     (In millions, except per share
amounts)
 

Numerator for Basic and Diluted EPS

      

Income (loss) from continuing operations

   $ 167.7      $ (5.7   $ 2.9   

Income from discontinued operations, net of income taxes

     0.2        3.1         
  

 

 

   

 

 

   

 

 

 

Net income (loss)

     167.9        (2.6     2.9   

Income allocated to participating securities

     (3.2            
  

 

 

   

 

 

   

 

 

 

Net income (loss) for basic earnings per share

     164.7        (2.6     2.9   

Interest on convertible subordinated debentures

     8.1               
  

 

 

   

 

 

   

 

 

 

Net income (loss) for diluted earnings per share

   $ 172.8      $ (2.6   $ 2.9   
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Basic weighted average shares

     59.6        59.0        58.7   

Effect of:

      

Convertible subordinated notes

     22.1               

Employee stock options

     0.2              
  

 

 

   

 

 

   

 

 

 

Diluted weighted average shares

     81.9        59.0        58.7   
  

 

 

   

 

 

   

 

 

 

Basic EPS:

      

Income (loss) per share from continuing operations

   $ 2.76      $ (0.09   $ 0.05   

Income from discontinued operations, net of income taxes

           0.05         
  

 

 

   

 

 

   

 

 

 

Net income (loss) per share

   $ 2.76      $ (0.04   $ 0.05   
  

 

 

   

 

 

   

 

 

 

Diluted EPS:

      

Income (loss) per share from continuing operations

   $ 2.11      $ (0.09   $ 0.05   

Income from discontinued operations, net of income taxes

           0.05         
  

 

 

   

 

 

   

 

 

 

Net income (loss) per share

   $ 2.11      $ (0.04   $ 0.05   
  

 

 

   

 

 

   

 

 

 
Schedule of Potentially Dilutive Securities Excluded from Computation

The following table sets forth the potentially dilutive securities excluded from the computation because their effect would have been anti-dilutive:

 

     Year Ended  
     2013      2012      2011  
     (In millions)  

4 1/16% Debentures

            22.2         22.2   

Unvested restricted shares

     1.1         1.1         0.8   

Employee stock options

            0.9         1.1   
  

 

 

    

 

 

    

 

 

 

Total potentially dilutive securities

     1.1         24.2         24.1