Long-Term Debt (Tables)

12 Months Ended

Nov. 30, 2013

Summary of Long-Term Debt

	As of November 30,
	2013		2012
	(In millions)
Senior debt	$	45.0	$	47.5
Senior secured notes		460.0		—
Convertible subordinated notes		193.4		200.2
Other debt		0.8		1.0
Total debt, carrying amount		699.2		248.7
Less: Amounts due within one year
Senior debt		2.5		2.5
Other debt		0.4		0.2
Total long-term debt, carrying amount	$	696.3	$	246.0

Schedule of Maturities of Long-Term Debt

As of November 30, 2013, the earlier of the Company’s contractual debt principal maturities or the next debt redemption date that could be exercised at the option of the debt holder, are summarized by fiscal year as follows:

	Total		2014		2015		2016		2017		2021
	(In millions)
Term loan	$	45.0	$	2.5	$	2.5	$	40.0	$	—	$	—
4 1/16% Debentures		193.2		—		193.2		—		—		—
7 1/8% Notes		460.0		—		—		—		—		460.0
2 1/4% Debentures		0.2		0.2		—		—		—		—
Other debt		0.8		0.2		0.2		0.3		0.1		—
Total debt	$	699.2	$	2.9	$	195.9	$	40.3	$	0.1	$	460.0

Actual Ratios and Required Ratios Under Financial Covenants

Financial Covenant	Actual Ratios as of November 30, 2013	Required Ratios
Interest coverage ratio, as defined under the Senior Credit Facility	4.54 to 1.00	Not less than: 2.4 to 1.00
Leverage ratio, as defined under the Senior Credit Facility	2.86 to 1.00	Not greater than: 4.25 to 1.00

Schedule of Redemption Price Percentage

Thereafter, the Company may redeem the 7 ¹/₈% Notes, at any time on or after March 15, 2016, at redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest and additional interest, if any, thereon, to the applicable redemption date, if redeemed during the twelve-month period beginning March 15 of the years indicated below:

Year	Redemption Price
2016		105.344	%
2017		103.563	%
2018		101.781	%
2019 and thereafter		100.000	%

Carrying Amounts of Equity and Liability Components

The following table presents the carrying amounts of the equity and liability components as of November 30, 2013 and 2012 (dollars in millions):

Carrying amount of equity component, net of equity issuance costs	$	44.1
Principal amount of 2 1/4% Debentures	$	0.2

Interest Expense Components

The following table presents the interest expense components for the 2 ¹/₄% Debentures for fiscal 2011 (in millions):

Interest expense-contractual interest	$	1.3
Interest expense-amortization of debt discount		3.5
Interest expense-amortization of deferred financing costs		0.3
Effective interest rate		8.9	%

Senior Debt [Member]

Summary of Long-Term Debt

a.  Senior Debt:

	As of November 30,
	2013		2012
	(In millions)
Term loan, bearing interest at variable rates (rate of 3.67% as of November 30, 2013), payable in quarterly installments of $0.6 million plus interest, maturing in November 2016	$	45.0	$	47.5

Senior Secured Notes [Member]

Summary of Long-Term Debt

b.  Senior Secured Notes:

	As of November 30,
	2013		2012
	(In millions)
Senior secured notes, bearing interest at 7.125% per annum, interest payments due in March and September, maturing in March 2021	$	460.0	$	—

Convertible Subordinated Debt [Member]

Summary of Long-Term Debt

c.  Convertible Subordinated Notes:

	As of November 30,
	2013		2012
	(In millions)
Convertible subordinated debentures, bearing interest at 2.25% per annum, interest payments due in May and November, maturing in November 2024	$	0.2	$	0.2
Convertible subordinated debentures, bearing interest at 4.0625% per annum, interest payments due in June and December, maturing in December 2039		193.2		200.0
Total convertible subordinated notes	$	193.4	$	200.2

Other Debt [Member]

Summary of Long-Term Debt

d.  Other Debt:

	As of November 30,
	2013		2012
	(In millions)
Capital lease, payable in monthly installments, maturing in March 2017	$	0.8	$	1.0
Total other debt	$	0.8	$	1.0