Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Nov. 30, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

SOLUTIONS INC.

Selected Quarterly Financial Data (Unaudited)



	Three Months Ended
2019	February 28			May 31		August 31			November 30
	(Dollars in millions, except per share amounts)
Net sales	$	168.9		$	205.7	$	192.4		$	169.2
Gross profit⁽¹⁾⁽²⁾	36.9			48.8		46.3			44.2
Restructuring and severance	1.1			2.8		0.8			0.6
Foreign currency translation losses	—			—		—			17.9
(Gain) Loss on asset sales	—			—		(0.1		)	(3.9		)
Asset impairments and write-offs	—			—		1.0			6.8
Debt issuance costs write-off	—			—		0.2			—
Net income (loss)	(4.6		)	5.6		0.3			(23.7		)
Net (loss) income per share⁽³⁾
Basic	(0.10		)	0.13		0.01			(0.54		)
Diluted	(0.10		)	0.12		0.01			(0.53		)
Common stock price range per share - high	9.25			8.52		10.08			10.13
Common stock price range per share - low	6.28			5.77		5.48			10.05



	Three Months Ended
2018	February 28		May 31		August 31			November 30
	(Dollars in millions, except per share amounts)
Net sales	$	178.7	$	206.3	$	193.6		$	191.3
Gross profit⁽¹⁾⁽²⁾	46.6		51.6		49.1			43.5
Restructuring and severance	1.3		0.2		0.3			1.7
(Gain) Loss on asset sales	—		—		—			(0.9		)
Asset impairments and write-offs	—		0.4		9.2			3.9
Debt issuance costs write-off	0.8		—		—			—
Net income (loss)	7.3		8.4		(1.9		)	6.9
Net income (loss) per basic and diluted share⁽³⁾	0.16		0.19		(0.04		)	0.15
Common stock price range per share - high	11.60		11.90		10.80			10.70
Common stock price range per share - low	9.55		9.95		8.30			7.36

(1)

Gross profit excludes depreciation and amortization expense. Depreciation and amortization expense related to manufacturing facilities and equipment was $5.6 million, $5.4 million, $5.0 million, and $5.4 million for the three months ended February 28, 2019, May 31, 2019, August 31, 2019, and November 30, 2019 and $4.9 million, $5.0 million, $5.5 million, and $5.4 million for the three months ended February 28, 2018, May 31, 2018, August 31, 2018, and November 30, 2018, respectively.

(2)

Gross profit includes net LIFO inventory reserve adjustments of $0.8 million of expense, $0.6 million of expense, $1.2 million of expense, and $0.4 million of expense for the three months ended February 28, 2019, May 31, 2019, August 31, 2019 and November 30, 2019, respectively, and $0.8 million of expense, $1.5 million of expense, $0.9 million of income and $0.6 million of expense for the three months ended February 28, 2018, May 31, 2018, August 31, 2018, and November 30, 2018, respectively.

(3)

The sum of the quarterly earnings per share amounts may not equal the annual amount due to changes in the number of shares outstanding during the year.