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Employee Benefit and Stock Plans (Tables)
12 Months Ended
Nov. 30, 2019
Share-based Payment Arrangement [Abstract]  
Stock Based Compensation Expense
The following table presents our stock-based compensation expense (in thousands):
 
Years Ended November 30,
 
2019
 
2018
 
2017
Stock options
$
189

 
$
917

 
$
2,592

Restricted stock
6,080

 
4,600

 
4,177

PSUs
10,742

 
8,790

 
6,439

Director awards
1,301

 
1,554

 
1,425

Total
$
18,312

 
$
15,861

 
$
14,633


Stock option transactions Stock option transactions are summarized as follows:
 
Years Ended November 30,
 
2019
 
2018
 
2017
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
Options outstanding at beginning of year
7,237,544

 
$
16.02

 
9,265,240

 
$
17.64

 
12,731,545

 
$
18.95

Granted

 

 

 

 

 

Exercised
(2,300,004
)
 
13.27

 
(1,195,926
)
 
16.73

 
(1,650,360
)
 
16.01

Cancelled
(774,059
)
 
40.43

 
(831,770
)
 
33.05

 
(1,815,945
)
 
28.31

Options outstanding at end of year
4,163,481

 
$
13.00

 
7,237,544

 
$
16.02

 
9,265,240

 
$
17.64

Options exercisable at end of year
4,163,481

 
$
13.00

 
6,948,670

 
$
16.01

 
8,307,632

 
$
17.86

Options available for grant at end of year
5,567,467

 
 
 
6,418,197

 
 
 
7,495,792

 
 

Stock options outstanding and stock options exercisable
Stock options outstanding and stock options exercisable at November 30, 2019 are summarized as follows:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Price
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
$  6.32 to $11.05
 
953,500

 
$
6.37

 
1.9

 
953,500

 
$
6.37

 
 
$11.06 to $14.62
 
1,250,424

 
13.66

 
3.8

 
1,250,424

 
13.66

 
 
$14.63 to $15.44
 
853,000

 
14.92

 
5.9

 
853,000

 
14.92

 
 
$15.45 to $16.22
 
754,057

 
16.21

 
6.9

 
754,057

 
16.21

 
 
$16.23 to $45.16
 
352,500

 
17.12

 
3.8

 
352,500

 
17.12

 
 
$  6.32 to $45.16
 
4,163,481

 
$
13.00

 
4.3

 
4,163,481

 
$
13.00

 
4.3


Restricted stock transactions
Restricted stock transactions are summarized as follows:
 
Years Ended November 30,
 
2019
 
2018
 
2017
 
Shares
 
Weighted
Average
per Share
Grant Date
Fair Value
 
Shares
 
Weighted
Average
per Share
Grant Date
Fair Value
 
Shares
 
Weighted
Average
per Share
Grant Date
Fair Value
Outstanding at beginning of year
555,457

 
$
23.19

 
503,926

 
$
21.69

 
604,619

 
$
16.24

Granted
282,523

 
31.67

 
303,030

 
23.05

 
321,835

 
24.49

Vested
(319,687
)
 
34.66

 
(221,951
)
 
19.79

 
(364,670
)
 
16.09

Cancelled
(18,227
)
 
22.81

 
(29,548
)
 
21.76

 
(57,858
)
 
15.61

Outstanding at end of year
500,066

 
$
20.66

 
555,457

 
$
23.19

 
503,926

 
$
21.69


Schedule of Share Based Payments Performance Shares Activity
PSU transactions are summarized as follows:
 
Years Ended November 30,
 
2019
 
2018
 
2017
 
Shares
 
Weighted
Average
per Share
Grant Date
Fair Value
 
Shares
 
Weighted
Average
per Share
Grant Date
Fair Value
 
Shares
 
Weighted
Average
per Share
Grant Date
Fair Value
Outstanding at beginning of year
1,090,967

 
$
18.70

 
925,232

 
$
20.09

 
809,860

 
$
17.19

Granted
468,957

 
30.45

 
603,424

 
25.70

 
424,797

 
22.99

Vested
(297,260
)
 
22.67

 
(437,689
)
 
31.28

 
(278,460
)
 
16.67

Cancelled

 

 

 

 
(30,965
)
 
14.92

Outstanding at end of year
1,262,664

 
$
22.13

 
1,090,967

 
$
18.70

 
925,232

 
$
20.09