NOTE 9. SHARE-BASED COMPENSATION

6 Months Ended

May. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

NOTE 9. SHARE-BASED COMPENSATION

	Three months ended May 31,					Six months ended May 31,
	2015			2014		2015		2014
Stock options	$	(488	)	$	831	$	3,616	$	4,567
Performance share unit plan		1,163			1,030		2,333		1,898
Deferred share unit plan		53			46		108		100
	$	728		$	1,907	$	6,057	$	6,565

In the second quarter of 2015, stock option expense was decreased by a non-cash out-of-period adjustment of $1,048 in respect of an overstatement of stock option expense in the first quarter of 2015.

In the first six months of 2015, the Company granted 4,359,000 share options to employees and directors with an exercise price of C$3.18 per share and a fair value of C$1.30 per share. The Company also granted 1,377,000 performance share units to employees with a fair value of C$3.86 per unit.

In the first six months of 2014, the Company granted 6,092,000 share options to employees and directors with an exercise price of C$2.90 per share and a fair value of C$1.18 per share. The Company also granted 1,820,000 performance share units to employees with a fair value of C$3.18 per unit.