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Long-term Debt (Tables)
6 Months Ended
May 31, 2014
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
     May 31,
2014
    November 30,
2013
 
     (In millions)  

Term loan, bearing interest at variable rates (rate of 2.48% as of May 31, 2014), payable in quarterly installments of $1.3 million plus interest, maturing in May 2019

   $ 100.0      $ 45.0   
  

 

 

   

 

 

 

Total senior debt

     100.0        45.0   
  

 

 

   

 

 

 

Senior secured notes, bearing interest at 7.125% per annum, interest payments due in March and September, maturing in March 2021

     460.0        460.0   
  

 

 

   

 

 

 

Total senior secured notes

     460.0        460.0   
  

 

 

   

 

 

 

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

     143.0        193.2   
  

 

 

   

 

 

 

Total convertible subordinated notes

     143.2        193.4   
  

 

 

   

 

 

 

Delayed draw term loan, bearing interest at variable rates (rate of 9.50% as of May 31, 2014), maturing in April 2022

     79.0        —     

Capital lease, payable in monthly installments, maturing in March 2017

     0.8        0.8   
  

 

 

   

 

 

 

Total other debt

     79.8        0.8   
  

 

 

   

 

 

 

Total debt

     783.0        699.2   

Less: Amounts due within one year

     (4.2     (2.9
  

 

 

   

 

 

 

Total long-term debt

   $ 778.8      $ 696.3   
  

 

 

   

 

 

 
Actual Ratios and Required Ratios Under Financial Covenants

Financial Covenant

   Actual Ratios as of
May 31, 2014
   Required Ratios

Interest coverage ratio, as defined under the Senior Credit Facility

   3.67 to 1.00    Not less than: 2.4 to 1.00

Leverage ratio, as defined under the Senior Credit Facility

   3.85 to 1.00    Not greater than: 4.50 to 1.00