Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.5.0.2
Stock-based Compensation (Tables)
9 Months Ended
Aug. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Valuation assumptions The fair value of the stock option grants were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table:
Option Grant Date
December 1, 2015
Assumptions:
 
Risk-free interest rate
1.19
%
Dividend yield

Stock volatility
39.39
%
Option Term (years)
5.0

The fair value of the stock option granted to the director were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table:
Option Grant Date
June 22, 2016
Assumptions:
 
Risk-free interest rate
1.20
%
Dividend yield

Stock volatility
36.43
%
Option Term (years)
5.0




The fair value of the stock options granted to the employees were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table:
Option Grant Date
June 22, 2016
Assumptions:
 
Risk-free interest rate
1.20
%
Dividend yield

Stock volatility
36.43
%
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, 2014
137,000

$
3.40

5.4


Granted
185,000

$
3.46


 
Exercised




Canceled or Forfeited
218,000

$
3.45



Outstanding at November 30, 2015
104,000

$
3.42

7.6


Granted
300,000

$
3.16



Exercised




Canceled or Forfeited




Outstanding at February 29, 2016
404,000

$
3.23

9.2


Granted

 
 
 
Exercised

 
 
 
Canceled or Forfeited

 
 
 
Outstanding at May 31, 2016
404,000

$
3.23

9.0

 
Granted
205,000

$
3.35

 
 
Exercised

 
 
 
Canceled or Forfeited
49,000

$
3.48

 
 
Outstanding at August 31, 2016
560,000

$
3.26

9.4