Quarterly report pursuant to Section 13 or 15(d)

Stock-based compensation (Tables)

v3.3.0.814
Stock-based compensation (Tables)
9 Months Ended
Aug. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Valuation Assumptions
The fair value of the stock option grants below were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table:
Option Grant Date
January 5, 2015
Assumptions:
 
Risk-free interest rate
1.57%
Dividend yield
Stock volatility
37.74%
Option Term (years)
10.0
Activity of Share-based Payment Award
A summary of stock option activity for the Company is as follows:
 
Number of Options
Weighted-Average Exercise Price
Weighted-Average Remaining Term (years)
Aggregate Intrinsic Value
Outstanding at November 30, 2013
0
Granted
137,000
$3.40
5.4
Exercised
Canceled or Forfeited
Outstanding at November 30, 2014
137,000
$3.40
5.4
Granted
175,000
$3.48
9.6
Exercised
 
Canceled or Forfeited
Outstanding at February 28, 2015
312,000
$3.45
7.6
Granted
0
Exercised
Canceled or Forfeited
Outstanding at May 31, 2015
312,000
$3.45
7.4
Granted
0
Exercised
Canceled or Forfeited
Outstanding at August 31, 2015
312,000
$3.45
7.4