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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2019
May 31, 2018
Operating activities:    
Net loss $ 5,233 $ (1,392)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Gain on sales of properties (7,703) (879)
Depreciation and amortization 5,881 5,707
Deferred income taxes 1,503 822
Stock-based compensation expense 184 178
Amortization of debt issuance costs 146 146
Gain on insurance settlement (126)  
Payment of employee withholding taxes on options exercised (87)  
Amortization of terminated swap agreements 31 112
Changes in assets and liabilities:    
Other assets 724 1,577
Accounts payable and accrued liabilities (683) (879)
Deferred revenue (1,691) (1,982)
Other liabilities 61 241
Net cash provided by operating activities 3,473 3,651
Investing activities:    
Proceeds from sales of properties, net of expenses 9,188 998
Proceeds property sale returned from escrow (7,628) (754)
Additions to real estate assets (7,549) (8,085)
Short-term investments, net 5,000  
Deferred leasing costs and other (293) (239)
Net cash used in investing activities (1,282) (8,080)
Financing activities:    
Dividends paid to stockholders (2,279) (2,000)
Principal payments on mortgage loans (1,924) (13,572)
Proceeds from mortgage and construction loans 288 18,781
Proceeds from exercise of stock options 98 527
Payment of debt issuance costs   (558)
Other   (39)
Net cash (used in) provided by financing activities (3,817) 3,139
Net decrease in cash and cash equivalents (1,626) (1,290)
Cash and cash equivalents at beginning of period 8,592 30,068
Cash and cash equivalents at end of period $ 6,966 $ 28,778