Quarterly Financial Data Quarterly Financial Data (Tables)

12 Months Ended

Nov. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

	Three Months Ended
2013	February 28			May 31		August 31			November 30
	(Dollars in millions, except per share amounts)
Net sales	$	251.7		$	270.8	$	261.2		$	234.4
Gross profit(1)(2)	$	49.0		$	57.3	$	54.7		$	51.7
Restructuring and severance	$	.8		$	4.6	$	1.4		$	.3
Asset sales	$	—		$	—	$	(1.8	)	$	(3.1	)
Asset impairments and write-offs	$	—		$	—	$	—		$	.2
Debt issuance costs write-off	$	—		$	1.5	$	—		$	—
Income from continuing operations(3)	$	.2		$	2.6	$	9.0		$	8.7
(Loss) Income from discontinued operations	$	(.4	)	$	.3	$	—		$	(.8	)
Net income (loss)(3)	$	(.2	)	$	2.9	$	9.0		$	7.9
Income per share from continuing operations(4)
Basic	$	—		$	.06	$	.19		$	.19
Diluted	$	—		$	.06	$	.19		$	.19
Net income per share(3)
Basic	$	—		$	.06	$	.19		$	.17
Diluted	$	—		$	.06	$	.19		$	.17
Common stock price range per share—high	$	8.54		$	8.41	$	8.68		$	9.02
—low	$	6.77		$	6.40	$	7.41		$	7.85

Quarterly Financial Data (Unaudited)

	Three Months Ended
2012	February 29		May 31			August 31			November 30
	(Dollars in millions, except per share amounts)
Net sales	$	275.9	$	307.5		$	288.2		$	253.9
Gross profit(1)(2)	$	60.9	$	60.0		$	57.8		$	48.5
Restructuring and severance	$	.5	$	.3		$	.3		$	(.1	)
Asset sales	$	—	$	(.1	)	$	(.1	)	$	.2
Asset impairments and write-offs	$	—	$	.2		$	—		$	.8
Income from continuing operations	$	10.7	$	6.9		$	6.9		$	1.2
Income (loss) from discontinued operations	$	2.8	$	.1		$	(.5	)	$	(.5	)
Net income	$	13.5	$	7.0		$	6.4		$	.7
Income per share from continuing operations(4)
Basic	$	.23	$	.15		$	.14		$	.02
Diluted	$	.23	$	.15		$	.14		$	.02
Net income per share(3)
Basic	$	.29	$	.15		$	.14		$	.01
Diluted	$	.29	$	.15		$	.14		$	.01
Common stock price range per share—high	$	5.61	$	7.84		$	8.17		$	8.83
—low	$	4.00	$	5.18		$	6.45		$	6.20

(1) Gross profit excludes depreciation expense. Depreciation expense related to manufacturing facilities and equipment was $5.3 million, $5.4 million, $5.6 million and $5.9 million for the three months ended February 28, 2013, May 31, 2013, August 31, 2013 and November 30, 2013, and $5.7 million, $5.8 million, $5.8 million and $6.1 million for the three months ended February 29, 2012, May 31, 2012, August 31, 2012 and November 30, 2012, respectively.

(2) Gross profit includes net LIFO inventory reserve adjustments of $0.9 million of income, $3.5 million of income and $1.8 million of income for the three months ended May 31, 2013, August 31, 2013 and November 30, 2013, respectively, and $0.9 million of expense, $0.1 million of expense, $0.8 million of income and $2.5 million of expense for the three months ended February 29, 2012, May 31, 2012, August 31, 2012, and November 30, 2012, respectively.

(3) Income from continuing operations and net income for the three months ended November 30, 2013 includes $1.5 million of tax benefits from sold operations and $1.0 million of benefits related to tax audit settlements in foreign jurisdictions.

(4) The sum of the quarterly earnings per share amounts may not equal the annual amount due to changes in the number of shares outstanding during the year.