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Note 9 - Share-based Compensation
3 Months Ended
Feb. 28, 2018
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
NOTE
9
– SHARE-BASED COMPENSATION
 
    Three months ended  
    February 28,
2018
  February 28,
2017
 
Stock options   $
948
    $
2,758
   
Performance share unit plan    
952
     
1,110
   
Deferred share unit plan    
49
     
57
   
    $
1,949
    $
3,925
   
 
A summary of stock options outstanding as of
February 28, 2018
and activity during the
three
months ended
February 28, 2018
are as follows:
 
    Number of
stock
options
(thousands)
  Weighted-
average
exercise
price per
share
  Weighted-
average
remaining
contractual
term
(years)
  Aggregate
intrinsic
value
November 30, 2017    
17,551
    $
3.24
     
 
     
 
 
Granted    
3,402
     
3.86
     
 
     
 
 
Exercised    
(725
)    
3.43
     
 
     
 
 
Expired    
(130
)    
3.41
     
 
     
 
 
Forfeited    
(5
)    
4.18
     
 
     
 
 
February 28, 2018    
20,093
    $
3.35
     
2.61
    $
14,720
 
Vested and exercisable as of February 28, 2018    
15,542
    $
3.02
     
1.60
    $
14,484
 
 
The following table summarizes other stock option-related information:
 
    Three months ended  
    February 28,
2018
  February 28,
2017
 
Weighted-average assumptions used to value stock option awards:                  
Expected volatility    
50
%    
50
%  
Expected term of options (years)    
3
     
3
   
Expected dividend rate    
     
   
Risk-free interest rate    
1.8
%    
1.2
%  
Expected forfeiture rate    
2.3
%    
2.5
%  
Weighted-average grant-date fair value   $
1.35
    $
2.14
   
 
As of
February 28, 2018,
the Company had
$4,653
of unrecognized compensation cost related to
4,550,642
non-vested stock options expected to be recognized and vest over a period of approximately
2.75
years. During the
three
months ended
February 28, 2018,
the intrinsic value of stock options exercised was
$320
and
no
cash was received.
 
Performance share units
 
A summary of PSU awards outstanding as of
February 28, 2018
and activity during the
three
months ended
February 28, 2018
are as follows:
 
    Number of
PSU awards
(thousands)
  Weighted-
average
grant day
fair value
per award
  Aggregate
intrinsic
value
 
November 30, 2017    
2,176
    $
4.10
     
 
   
Granted    
873
     
3.82
     
 
   
Vested    
     
     
 
   
Performance adjustment    
(1,240
)    
3.48
     
 
   
Forfeited    
     
     
 
   
February 28, 2018    
1,809
    $
4.38
    $
6,800
   
 
As of
February 28, 2018,
the Company had
$4,839
of unrecognized compensation cost related to non-vested PSU awards expected to be recognized and vest over a period of approximately
2.75
years.
 
The following table summarizes other PSU-related information:
 
    Three months ended  
    February 28,
2018
  February 28,
2017
 
Performance multiplier on PSUs vested    
%    
113
%  
Common shares issued (thousands)    
     
1,513
   
Total fair value of common shares issued   $
    $
6,932
   
Withholding tax paid on PSUs vested   $
    $
196