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

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

 

     Year Ended  
     2013      2012      2011  
     (In millions)  

Stock appreciation rights (“SARS”)

   $ 9.4       $ 2.7       $ 0.4   

Stock options

     0.3         0.8         0.9   

Restricted stock, service-based

     2.3         2.2         1.7   

Restricted stock, performance-based

     2.1         0.8         0.7   
  

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 14.1       $ 6.5       $ 3.7   
  

 

 

    

 

 

    

 

 

 
Summary of Stock Appreciation Rights

A summary of the status of the Company’s SARS as of November 30, 2013 and changes during fiscal 2013 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, 2012

     1,529      $ 10.47         

Granted

     73        13.17         

Exercised

     (138     7.92         

Cancelled

     (7     4.95         
  

 

 

   

 

 

       

Outstanding at November 30, 2013

     1,457      $ 10.88         3.6       $ 11.1   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at November 30, 2013

     1,366      $ 10.99         3.4       $ 10.3   
  

 

 

   

 

 

    

 

 

    

 

 

 

Expected to vest at November 30, 2013

     89      $ 9.18         5.6       $ 0.8   
  

 

 

   

 

 

    

 

 

    

 

 

 
Schedule of Stock Options Activity

A summary of the status of the Company’s stock options as of November 30, 2013 and changes during fiscal 2013 is presented below:

 

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

Outstanding at November 30, 2012

     849      $ 5.87         

Exercised

     (93     7.39         

Cancelled

     (125     6.30         
  

 

 

   

 

 

       

Outstanding at November 30, 2013

     631      $ 5.57         4.2       $ 8.1   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at November 30, 2013

     532      $ 5.48         4.1       $ 6.8   
  

 

 

   

 

 

    

 

 

    

 

 

 

Expected to vest at November 30, 2013

     99      $ 6.01         4.3       $ 1.2   
  

 

 

   

 

 

    

 

 

    

 

 

 
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, 2013 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)
 

2004

   $ 10.92         20       $ 10.92         0.2   

2009

   $ 4.54         133       $ 4.54         5.6   

2010

   $ 4.91 – $7.14         371       $ 5.51         3.7   

2011

   $ 6.01         100       $ 6.01         4.3   

2012

   $ 6.00         7       $ 6.00         8.2   
     

 

 

       
        631         
     

 

 

       
Restricted Stock, 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, 2013 and changes during fiscal 2013:

 

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

Outstanding at November 30, 2012

     638      $ 6.41   

Granted

     294        15.47   

Vested

     (374     6.99   

Canceled

     (14     6.09   
  

 

 

   

 

 

 

Outstanding at November 30, 2013

     544      $ 10.91   
  

 

 

   

 

 

 

Expected to vest at November 30, 2013

     523      $ 10.91   
  

 

 

   

 

 

 
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, 2013 and changes during fiscal 2013:

 

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

Outstanding at November 30, 2012

     630      $ 6.33   

Granted

     293        17.44   

Vested

     (63     5.12   

Cancelled

     (37     9.32   
  

 

 

   

 

 

 

Outstanding at November 30, 2013

     823      $ 10.42   
  

 

 

   

 

 

 

Expected to vest at November 30, 2013

     773      $ 9.95   
  

 

 

   

 

 

 
Stock Options [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  

Expected life (in years)

     7.0        7.0   

Volatility

     57.47     57.19

Risk-free interest rate

     1.54     2.53

Dividend yield

     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  
     2013     2012     2011  

Expected life (in years)

     3.6        3.7        4.4   

Volatility

     44.30     55.47     62.60

Risk-free interest rate

     0.84     0.51     0.91

Dividend yield

     0.00     0.00     0.00