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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,
 
2019
 
2018
 
(Dollars in millions)
$350 million Term Loan B, due 2023, current portion (interest at 5.03% and 5.55% respectively)
$
3.5

 
$
3.5

Capital lease obligations, current portion
0.8

 
0.7

Total
$
4.3

 
$
4.2


Schedule of Long-Term Debt
The Company’s long-term debt consists of the following:
 
November 30,
 
2019
 
2018
 
(Dollars in millions)
$350 million Term Loan B, due 2023 (interest at 5.03% and 5.55% respectively)
$
298.6

 
$
302.1

Senior Secured Revolving Credit Facility, due 2021 (interest at 3.25% and 3.88% respectively)
19.0

 
12.0

Capital lease obligations
14.9

 
15.6

Gross debt
332.5

 
329.7

Less: current portion
(4.3
)
 
(4.2
)
Unamortized original issue discount
(1.7
)
 
(2.1
)
Debt issuance costs
(3.7
)
 
(4.7
)
Total long-term debt, net of current portion
$
322.8

 
$
318.7


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)
2020
$
3.5

2021
22.5

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, 2019.
Year Ending November 30:
(Dollars in millions)
2020
$
1.5

2021
1.5

2022
1.4

2023
1.5

2024
1.5

Thereafter
13.6

Total minimum lease payments
21.0

Less: Amount representing estimated executory costs
(0.5
)
Net minimum lease payments
20.5

Less: Amount representing interest
(5.6
)
Present value of minimum lease payments
$
14.9