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Stockholders' Equity
 3 Months Ended
Feb. 28, 2014
Equity [Abstract]  
Stockholders’ Equity
Stockholders’ Equity
A summary of changes in stockholders’ equity is presented below (in thousands):
 
 
Three Months Ended February 28, 2014
 
 
Common Stock
 
Paid-in Capital
 
Retained Earnings
 
Accumulated Other Comprehensive Loss
 
Grantor Stock Ownership Trust
 
Treasury Stock
 
Total Stockholders’ Equity
Balance at November 30, 2013
 
$
115,296

 
$
788,893

 
$
481,889

 
$
(17,516
)
 
$
(113,911
)
 
$
(718,565
)
 
$
536,086

Net income
 
—

 
—

 
10,563

 
—

 
—

 
—

 
10,563

Dividends on common stock
 
—

 
—

 
(2,094
)
 
—

 
—

 
—

 
(2,094
)
Stock-based compensation
 
—

 
1,779

 
—

 
—

 
—

 
—

 
1,779

Balance at February 28, 2014
 
$
115,296

 
$
790,672

 
$
490,358

 
$
(17,516
)
 
$
(113,911
)
 
$
(718,565
)
 
$
546,334

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended February 28, 2013
 
 
Common Stock
 
Paid-in Capital
 
Retained Earnings
 
Accumulated Other Comprehensive Loss
 
Grantor Stock Ownership Trust
 
Treasury Stock
 
Total Stockholders’ Equity
Balance at November 30, 2012
 
$
115,178

 
$
888,579

 
$
450,292

 
$
(27,958
)
 
$
(115,149
)
 
$
(934,136
)
 
$
376,806

Net loss
 
—

 
—

 
(12,458
)
 
—

 
—

 
—

 
(12,458
)
Dividends on common stock
 
—

 
—

 
(2,089
)
 
—

 
—

 
—

 
(2,089
)
Stock-based compensation
 
—

 
1,013

 
—

 
—

 
—

 
—

 
1,013

Issuance of common stock
 
—

 
(106,314
)
 
—

 
—

 
—

 
216,125

 
109,811

Grantor stock ownership trust
 
—

 
20

 
—

 
—

 
32

 
—

 
52

Balance at February 28, 2013
 
$
115,178

 
$
783,298

 
$
435,745

 
$
(27,958
)
 
$
(115,117
)
 
$
(718,011
)
 
$
473,135

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

On January 29, 2013, pursuant to the 2011 Shelf Registration, we issued 6,325,000 shares of our common stock, par value $1.00 per share, in an underwritten public offering at a price of $18.25 per share (the “Common Stock Offering”). We used 6,325,000 shares of treasury stock for the issuance and received net proceeds of $109.8 million after underwriting discounts, commissions and transaction expenses.
In connection with the issuance of the 1.375% Convertible Senior Notes due 2019, which is discussed in Note 12. Mortgages and Notes Payable, we established a common stock reserve account with our transfer agent to reserve the maximum number of shares of our common stock potentially deliverable upon conversion to holders of the 1.375% Convertible Senior Notes due 2019 based on the terms of the instruments governing these notes. Accordingly, the common stock reserve account had a balance of 12,602,735 shares at February 28, 2014. The maximum number of shares would potentially be deliverable to holders only in certain limited circumstances as set forth in the instruments governing the 1.375% Convertible Senior Notes due 2019.
As of February 28, 2014, we were authorized to repurchase 4,000,000 shares of our common stock under a board-approved share repurchase program. We did not repurchase any of our common stock under this program in the three months ended February 28, 2014. We did not repurchase any shares pursuant to this common stock repurchase plan in 2013 or 2012. Any resumption of such stock repurchases under this program or any other program will be at the discretion of our board of directors.
During the three months ended February 28, 2014, our board of directors declared a cash dividend of $.0250 per share of common stock, which was paid on February 20, 2014 to stockholders of record on February 6, 2014. During the three months ended February 28, 2013, our board of directors declared a cash dividend of $.0250 per share of common stock, which was paid on February 21, 2013 to stockholders of record on February 7, 2013.