Debt and Credit Lines (Tables)

9 Months Ended

Aug. 31, 2019

Debt Disclosure [Abstract]

Schedule of Short-term Debt

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

	August 31, 2019		November 30, 2018
	(Dollars in millions)
$350 million Term Loan B, due 2023, current portion (interest at 5.48% 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:

	August 31, 2019			November 30, 2018
	(Dollars in millions)
$350 million Term Loan B, due 2023 (interest at 5.48% and 5.55%, respectively)	$	299.5		$	302.1
Senior Secured Revolving Credit, due 2021 (interest at 3.69% and 3.88%, respectively)	18.2			12.0
Capital lease obligations	15.1			15.6
Gross debt	332.8			329.7
Less: current portion	(4.3		)	(4.2		)
Unamortized original issue discount	(1.7		)	(2.1		)
Debt issuance costs	(4.0		)	(4.7		)
Total long-term debt, net of current portion	$	322.8		$	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 August 31, 2019:

Year Ending November 30:	(Dollars in millions)
2019	$	.4
2020	1.5
2021	1.5
2022	1.4
2023	1.4
Thereafter	15.2
Total minimum lease payments	21.4
Less: Amount representing estimated executory costs	(.5		)
Net minimum lease payments	20.9
Less: Amount representing interest	(5.8		)
Present value of minimum lease payments	$	15.1