Discontinued Operations

9 Months Ended

Aug. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

On October 25, 2013, the Company sold substantially all of the operating assets comprising its structured settlement business to Majestic Opco LLC pursuant to an Asset Purchase Agreement. No structured settlement receivables were sold and no on-balance sheet liabilities were transferred in connection with the sale. On August 18, 2015, the Company sold its remaining structured settlement receivables asset to the buyer of its operating assets.

As a result of the sale of its structured settlements business, the Company reclassified its structured settlement business operating results as discontinued operations in the accompanying Consolidated Statements of Operations for all periods presented.

Operating results related to the Company’s discontinued structured settlement business are as follows:

	Three Months Ended August 31,				Nine Months Ended August 31,
	2020		2019		2020		2019
	(in thousands)
Total income	$	—	$	—	$	—	$	—
Total expenses	—		(70)		53		(36)
Income (loss) before income taxes	—		70		(53)		36
(Benefit) provision for income taxes	—		—		—		—
Net income (loss) from discontinued operations, net of income taxes	$	—	$	70	$	(53)	$	36