Capital Stock

6 Months Ended

May 31, 2013

Text Block [Abstract]

Capital Stock

Capital Stock

Stock Purchase Plan

The Company has a share repurchase program (“Stock Purchase Plan”) under which it is authorized to purchase up to $330.0 million of its outstanding Class A common shares. The timing and amount of any shares repurchased under the Stock Purchase Plan will depend on a variety of factors, including price, corporate and regulatory requirements, capital availability and other market conditions. The Stock Purchase Plan may be suspended or discontinued at any time without prior notice. No shares have been or will be knowingly purchased from Company insiders or their affiliates.

Since inception of the Plan through May 31, 2013, the Company has purchased 7,063,962 shares of its Class A common shares, for a total of approximately $268.3 million. The Company did not purchase any shares of its Class A common shares during the three month period ended May 31, 2013. Transactions occur in open market purchases and pursuant to a trading plan under Rule 10b5-1. At May 31, 2013, the Company had approximately $61.7 million remaining repurchase authority under the current Stock Purchase Plan.

Annual Dividends

The Company declared an annual dividend of $0.22 per share, payable on June 28, 2013, to common stockholders of record on May 31, 2013.  The Company paid an annual dividend of $0.20 per share in the third quarter of fiscal 2012.