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Earnings Per Share
12 Months Ended
Nov. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
 
The following table summarizes the computation of earnings per common share and earnings per common share, assuming dilution:
 
Years Ended November 30,
 
2019
 
2018
 
2017
 
(Dollars and shares in millions except per share data)
Numerator:
 
 
 
 
 
Net income (loss)
$
(22.4
)
 
$
20.7

 
$
(87.8
)
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding
44.8

 
44.6

 
44.4

Effect of dilutive securities

 
0.3

 

Denominator for dilutive earnings per share - adjusted weighted average shares and assumed conversions
44.8

 
44.9

 
44.4

 
 
 
 
 
 
Net income (loss) per share - Basic and Diluted
$
(0.50
)
 
$
0.46

 
$
(1.98
)


Anti-dilutive share equivalents related to share-based incentive compensation are excluded from the computation of dilutive weighted-average shares. The calculation of diluted EPS excludes 0.9 million and 0.6 million share awards for 2019 and 2017 on the basis that their effect would be anti-dilutive. There were no anti-dilutive shares for 2018.