Net Income Per Share (Tables)

12 Months Ended

Nov. 30, 2017

Earnings Per Share [Abstract]

Summary of Net Income Per Share

The following table presents the calculation of basic and diluted net income per share:

	Year Ended				Eleven Months Ended
(in thousands, except per share amounts)	November 30, 2017		November 30, 2016		November 30, 2015
Basic net income per share:
Numerator:
Net income attributable to Class A shareholders	$	11,407	$	27,101	$	18,726
Denominator:
Basic weighted-average shares	28,079		21,420		20,002
Basic net income per share	$	0.41	$	1.27	$	0.94
Diluted net income per share:
Numerator:
Net income attributable to Class A shareholders	$	11,407	$	27,101	$	18,726
Add: Additional net income attributable to Class A shares due to increased percentage ownership in OpCo, net of tax, from the conversion of Class B shares	6,866		20,466		14,474
	$	18,273	$	47,567	$	33,200
Denominator:
Basic weighted-average shares	28,079		21,420		20,002
Effect of dilutive securities:
Class B shares (1)	15,500		15,500		15,032
Diluted weighted-average shares	43,579		36,920		35,034
Diluted net income per share	$	0.41	$	1.27	$	0.94

(1) Up to the amount of OpCo common units held by Sponsors