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Business Segment Information (Tables)
12 Months Ended
Nov. 30, 2016
Segment Reporting [Abstract]  
Summary of Operations by Segment and Reconciliation of Segment Sales
The following table sets forth a summary of operations by segment and a reconciliation of segment sales to consolidated sales and segment operating profit to consolidated income from continuing operations before income taxes.
 
2016
 
2015
 
2014
 
(Dollars in millions)
Net Sales
 
 
 
 
 
Performance Chemicals
 
 
 
 
 
Performance Materials
$
284.1

 
$
331.0

 
$
423.9

Specialty Chemicals
264.7

 
277.1

 
322.6

Total Performance Chemicals
$
548.8

 
$
608.1

 
$
746.5

Engineered Surfaces
 
 
 
 
 
Coated Fabrics
$
71.5

 
$
87.8

 
$
98.4

Laminates and Performance Films
139.6

 
142.1

 
142.7

Total Engineered Surfaces
$
211.1

 
$
229.9

 
$
241.1

Inter-segment sales

 

 
(0.2
)
Total Net Sales
$
759.9

 
$
838.0

 
$
987.4

Segment Operating Profit
 
 
 
 
 
Performance Chemicals
$
55.9

 
$
15.9

 
$
46.2

Engineered Surfaces
12.4

 
18.9

 
19.2

Total segment operating profit
68.3

 
34.8

 
65.4

Interest expense
(24.7
)
 
(28.3
)
 
(32.9
)
Corporate expenses
(25.8
)
 
(23.7
)
 
(20.0
)
Corporate severance
(4.9
)
 

 

Shareholder activist costs

 
(1.9
)
 

Operational improvement costs
.8

 
(.4
)
 

Asset impairment

 
(.6
)
 

Acquisition and integration costs
(.9
)
 
(.4
)
 

Debt issuance costs write-off
(2.9
)
 
(.6
)
 
(.8
)
Income (Loss) From Continuing Operations Before Income Taxes
$
9.9

 
$
(21.1
)
 
$
11.7



Schedule of Segment Reporting Information, by Segment
 
2016
 
2015
 
2014
 
(Dollars in millions)
Total Assets
 
 
 
 
 
Performance Chemicals
$
451.2

 
$
469.4

 
$
535.8

Engineered Surfaces
162.3

 
158.4

 
170.9

Corporate
79.7

 
59.4

 
122.5

 
$
693.2

 
$
687.2

 
$
829.2

Capital Expenditures
 
 
 
 
 
Performance Chemicals
$
15.6

 
$
12.5

 
$
21.8

Engineered Surfaces
8.1

 
8.6

 
6.6

Corporate
1.9

 
2.9

 
1.4

 
$
25.6

 
$
24.0

 
$
29.8

Depreciation and Amortization
 
 
 
 
 
Performance Chemicals
$
23.0

 
$
26.9

 
$
28.1

Engineered Surfaces
6.3

 
6.0

 
6.2

Corporate
1.3

 
1.1

 
.5

 
$
30.6

 
$
34.0

 
$
34.8

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
GEOGRAPHIC INFORMATION
 
2016
 
2015
 
2014
 
(Dollars in millions)
Net Sales
 
 
 
 
 
United States
$
454.0

 
$
490.4

 
$
581.5

Europe
176.0

 
167.6

 
208.9

Asia
129.9

 
180.0

 
197.0

 
$
759.9

 
$
838.0

 
$
987.4

Segment Operating Profit
 
 
 
 
 
United States
$
56.7

 
$
31.5

 
$
43.4

Europe
10.9

 
(5.3
)
 
14.5

Asia
0.7

 
8.6

 
7.5

 
$
68.3

 
$
34.8

 
$
65.4

Total Assets
 
 
 
 
 
United States
$
362.4

 
$
311.1

 
$
397.5

Europe
197.9

 
199.2

 
285.0

Asia
132.9

 
176.9

 
146.7

 
$
693.2

 
$
687.2

 
$
829.2

Long-Lived Assets
 
 
 
 
 
United States
$
125.3

 
$
125.9

 
$
128.3

Europe
45.3

 
45.9

 
56.0

Asia
35.2

 
43.8

 
54.1

 
$
205.8

 
$
215.6

 
$
238.4



Effective December 1, 2016, the Company announced the appointment of a new Chief Executive Officer, who also is the Company’s CODM. On January 20, 2017, the Company announced that it is currently evaluating how it expects to make decisions, assess performance and allocate resources prospectively. Going forward, the Company expects to have two operating segments: one focused on its specialty businesses and one focused on the Company’s more mature businesses. Accordingly, during the first quarter of fiscal 2017, the Company will be assessing its segment reporting, as defined under Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) 280, Segment Reporting, and expects any changes to its reportable segments to be disclosed and reflected in the Company’s consolidated financial statements for the second quarter of fiscal 2017.