Debt and Credit Lines (Tables)

12 Months Ended

Nov. 30, 2018

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt consists of the following debt obligations that are due within the next twelve months:

	November 30,
	2018		2017
	(Dollars in millions)
$350 million Term Loan B, due 2023, current portion (interest at 5.55% and 5.49% respectively)	$	3.5	$	3.5
Capital lease obligations, current portion	0.7		0.7
Total	$	4.2	$	4.2

Schedule of Long-Term Debt

The Company’s long-term debt consists of the following:

	November 30,
	2018			2017
	(Dollars in millions)
$350 million Term Loan B, due 2023 (interest at 5.55% and 5.49% respectively)	$	302.1		$	345.6
Senior Secured Revolving Credit Facility, due 2021 (interest at 3.88% as of November 30, 2018)	12.0			—
Capital lease obligations	15.6			16.2
Gross debt	329.7			361.8
Less: current portion	(4.2		)	(4.2		)
Unamortized original issue discount	(2.1		)	(2.8		)
Debt issuance costs	(4.7		)	(5.0		)
Total long-term debt, net of current portion	$	318.7		$	349.8

Schedule of Maturities of Long-term Debt

The following table summarizes payments on long-term debt (excluding capital lease obligations) through maturity:

Year Ending November 30:	(Dollars in millions)
2019	$	3.5
2020	3.5
2021	15.5
2022	3.5
2023	288.1
Thereafter	—

Schedule of Future Minimum Lease Payments for Capital Leases

The following is a schedule by year of future minimum lease payments for this capital lease together with the present value of the net minimum lease payments as of November 30, 2018.

Year Ending November 30:	(Dollars in millions)
2019	$	1.5
2020	1.5
2021	1.5
2022	1.4
2023	1.4
Thereafter	15.1
Total minimum lease payments	22.4
Less: Amount representing estimated executory costs	(0.5		)
Net minimum lease payments	21.9
Less: Amount representing interest	(6.3		)
Present value of minimum lease payments	$	15.6