Quarterly report pursuant to Section 13 or 15(d)

Stock-based compensation (Tables)

v3.3.1.900
Stock-based compensation (Tables)
3 Months Ended
Feb. 29, 2016
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
December 1, 2015
Assumptions:
 
Risk-free interest rate
1.19%
Dividend yield
Stock volatility
39.39%
Option Term (years)
3.0
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