Long-Term Debt (Tables)

9 Months Ended

Aug. 31, 2015

Text Block [Abstract]

Long-Term Debt

Long-term debt consists of the following (in thousands):

	November 30, 2014		August 31, 2015
4.63 percent Senior Notes	$	65,000	$	65,000
3.95 percent Senior Notes	100,000		100,000
4.82 percent Revenue Bonds	339		87
6.25 percent Term Loan	49,524		48,931
TIF bond debt service funding commitment	56,883		56,930
	271,746		270,948
Less: current portion	3,435		3,222
	$	268,311	$	267,726

Schedule of Interest Expense

Total interest expense incurred by the Company for the three and nine months ended August 31, 2014 and 2015, are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	August 31, 2014		August 31, 2015		August 31, 2014		August 31, 2015
Interest expense	$	4,121	$	4,060	$	12,359	$	12,221
Less: capitalized interest	2,161		1,392		4,563		5,483
Net interest expense	$	1,960	$	2,668	$	7,796	$	6,738