Debt and Credit Lines (Tables)

3 Months Ended

Feb. 28, 2019

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Debt obligations due within the next twelve months consist of the following:

	February 28, 2019		November 30, 2018
	(Dollars in millions)
$350 million Term Loan B, due 2023, current portion (interest at 5.75% and 5.55%, respectively)	$	3.5	$	3.5
Capital lease obligations, current portion	.8		.7
Total	$	4.3	$	4.2

Schedule of Long-Term Debt

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

	February 28, 2019			November 30, 2018
	(Dollars in millions)
$350 million Term Loan B, due 2023 (interest at 5.75% and 5.55%, respectively)	$	301.3		$	302.1
Senior Secured Revolving Credit Facility, due 2021 (interest at 4.00% and 3.88%, respectively)	11.0			12.0
Capital lease obligations	15.4			15.6
Gross debt	327.7			329.7
Less: current portion	(4.3		)	(4.2		)
Unamortized original issue discount	(2.0		)	(2.1		)
Debt issuance costs	(4.4		)	(4.7		)
Total long-term debt, net of current portion	$	317.0		$	318.7

Schedule of Future Minimum Lease Payments for Capital Leases

The following is a schedule by year of future minimum lease payments under the Company's capital leases together with the present value of the net future minimum lease payments as of February 28, 2019:

Year Ending November 30:	(Dollars in millions)
2019	$	1.1
2020	1.5
2021	1.5
2022	1.4
2023	1.4
Thereafter	15.2
Total minimum lease payments	22.1
Less: Amount representing estimated executory costs	(.5		)
Net minimum lease payments	21.6
Less: Amount representing interest	(6.2		)
Present value of minimum lease payments	$	15.4