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Share Repurchase Plan | 12 Months Ended
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Nov. 30, 2024
Equity [Abstract] |
Share Repurchase Plan | NOTE 15 – SHARE REPURCHASE PLAN In December 2011, the Company’s Board of Directors authorized management at its discretion to repurchase up to one million (1,000,000) shares of the Company's outstanding common stock. On June 6, 2012, the Board of Directors of the Company increased the number of shares of the Company’s outstanding common stock that management is authorized to repurchase to up to three million (3,000,000). On April 8, 2015, the Board of Directors of the Company increased the number of shares of the Company’s outstanding common stock that management is authorized to repurchase to up to six million (6,000,000) shares. On October 6, 2016, the Board of Directors of the Company increased the number of shares of the Company’s outstanding common stock that management is authorized to repurchase to up to eight million (8,000,000) shares. The repurchases must be effectuated through open market purchases, privately negotiated block trades, unsolicited negotiated transactions, and/or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission or in such other manner as will comply with the provisions of the Securities Exchange Act of 1934. As of November 30, 2024, the Company had repurchased an aggregate of 6,787,460 shares of the Company’s common stock at an average price of $3.66 per share through open market and privately negotiated transactions. The Company purchased 224,999 and 214,971 shares of the Company’s common stock during the twelve months ended November 30, 2024 and November 30, 2023, respectively, at an average price of $6.33 per share and $3.72 per share, respectively. The repurchased shares are held as treasury stock at cost and have been removed from common shares outstanding as of November 30, 2024 and November 30, 2023. As of November 30, 2024, and November 30, 2023, 6,787,460 and 6,562,461 shares, respectively, were held as treasury stock.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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