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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Income        
Change in fair value of life settlements (Notes 10 & 16) $ 0 $ (42) $ 0 $ (37)
Change in fair value of investment in limited partnership, net of distributions (Notes 11 and 16) 4,250 (5,821) 20,601 (5,821)
Change in fair value of investment in deconsolidated subsidiaries (Notes 4 & 16) 0 90,710 0 37,941
Gain on life settlements, net (Note 10) 0 0 743 0
Other income 57 2,052 10,875 2,145
Total income 4,307 86,899 32,219 34,228
Expenses        
Interest expense 2,743 2,832 7,610 8,370
Extinguishment of debt 0 0 (2,815) 0
Personnel costs 444 694 2,833 1,001
Legal fees 738 1,448 1,850 2,117
Professional fees 619 1,142 2,034 1,470
Insurance 519 270 1,360 666
Other selling, general and administrative expenses 272 317 792 516
Total expenses 5,335 6,703 13,664 14,140
Income (loss) from continuing operations before income taxes (1,028) 80,196 18,555 20,088
Provision (benefit) provision for income taxes 0 (5) 2,428 3,213
Net income (loss) from continuing operations (1,028) 80,201 16,127 16,875
Discontinued Operations:        
Income (loss) from discontinued operations before income taxes 0 70 (53) 36
Provision (benefit) provision for income taxes 0 0 0 0
Net income (loss) from discontinued operations 0 70 (53) 36
Net income (loss) $ (1,028) $ 80,271 $ 16,074 $ 16,911
Basic income (loss) per common share:        
Continuing operations (in dollars per share) $ (0.01) $ 0.51 $ 0.10 $ 0.11
Discontinued operations (in dollars per share) 0 0 0 0
Net income (loss) - basic (in dollars per share) (0.01) 0.51 0.10 0.11
Diluted income (loss) per share:        
Continuing operations (in dollars per share) (0.01) 0.41 0.09 0.10
Discontinued operations (in dollars per share) 0 0 0 0
Net income (loss) - diluted (in dollars per share) $ (0.01) $ 0.41 $ 0.09 $ 0.10
Weighted average shares outstanding:        
Basic (in shares) 157,655,140 156,968,470 157,624,241 156,949,425
Diluted (in shares) 157,655,140 195,979,957 206,696,703 194,867,908