NOTE 15. STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Nov. 30, 2015

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

Recognized stock-based compensation

	Years ended November 30,
	2015		2014		2013
Stock options	$	4,736	$	6,062	$	8,135
Performance share unit plan		4,537		3,944		3,935
Deferred share unit plan		215		191		234
	$	9,488	$	10,197	$	12,304

Stock Options, Valuation Assumptions

	Years ended November 30,
	2015	2014	2013
Share price (C$)	3.18	2.90	4.40
Average risk-free interest rate	1.06%	1.18%	1.07%
Exercise price (C$)	3.18	2.90	4.40
Expected life (years)	3	3	3
Expected volatility	60%	60%	56%
Expected dividends	Nil	Nil	Nil
Fair value per share of options granted (C$)	1.28	1.18	1.72

Summary of stock options activity

	2015		2014		2013
	Number of shares (thousands)	Weighted average exercise price (C$)	Number of shares (thousands)	Weighted average exercise price (C$)	Number of shares (thousands)	Weighted average exercise price (C$)
Outstanding at beginning of year	15,219	5.47	15,223	6.54	13,903	7.08
Granted	4,360	3.18	6,109	2.90	3,218	4.40
Exercised	(393)	3.46	(1,285)	2.24	(121)	2.23
Forfeited and expired	(1,336)	7.38	(4,828)	6.45	(1,777)	7.22
Outstanding at end of year	17,850	4.81	15,219	5.47	15,223	6.54
Exercisable at year-end	14,092		11,644		12,715

Stock options outstanding and exercisable

	Stock options - issued and outstanding			Stock options - exercisable
Range of price (C$)	Number of outstanding options (thousands)	Weighted average years to expiry	Weighted average exercise price (C$)	Number of exercisable options (thousands)	Weighted average exercise price (C$)
2.90 to 3.99	10,168	3.48	3.02	6,411	2.99
4.00 to 5.99	4,138	1.93	4.59	4,138	4.59
6.00 to 7.99	800	1.45	6.36	800	6.36
10.00 to 11.99	1,712	0.96	10.24	1,711	10.24
12.00 to 13.99	932	0.12	13.02	932	13.02
14.00 to 14.82	100	1.50	14.82	100	14.82
	17,850	2.60	4.81	14,092	5.28

Peformance share units outstanding

	Years ended November 30,
	2015	2014	2013
Outstanding at beginning of year	2,422,150	1,268,450	805,300
Granted	1,377,250	1,819,700	706,150
Vested	(846,180)	(546,380)	(167,735)
Performance adjustment	228,530	(96,420)	(72,765)
Forfeited	—	(23,200)	(2,500)
Outstanding at end of year	3,181,750	2,422,150	1,268,450