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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 30, 2014
Nov. 30, 2013
Current assets    
Cash and cash equivalents $ 1,054 $ 785
Accounts receivable, net 1,279 3,419
Factor accounts receivable, net 11,105 13,744
Inventories, net 25,354 22,751
Deferred income taxes, net 6,065 3,114
Prepaid expenses and other current assets 1,212 1,914
Current portion of assets held for sale 57,050 49,075
Total current assets 103,119 94,802
Property and equipment, net 2,897 4,696
Goodwill 8,394 29,976
Intangible assets 56,773 59,110
Deferred financing costs 1,611 2,031
Other assets 958 1,540
Assets held for sale, net of current portion 30,197 30,868
Total assets 203,949 223,023
Current liabilities    
Accounts payable and accrued expenses 11,651 16,542
Line of credit 31,338 17,673
Short term debt 59,003  
Buy-out payable 3,277 3,072
Promissory tax note issued   1,235
Current portion of liabilities held for sale 11,680 9,894
Total current liabilities 116,949 48,416
Long term debt   58,840
Convertible notes 24,733 27,912
Deferred income taxes, net 17,765 16,202
Buy-out payable-long term   3,230
Deferred rent 1,579 1,239
Other liabilities 643 250
Long-term liabilities held for sale 1,283 1,165
Total liabilities $ 162,952 $ 157,254
Commitments and contingencies
Stockholders' equity    
Common stock, $0.10 par value: 100,000 shares authorized, 69,822 shares issued and 69,297 outstanding (2014) and 69,878 shares issued and 68,549 outstanding (2013) $ 6,984 $ 6,890
Additional paid-in capital 111,010 107,933
Accumulated deficit (73,679) (45,963)
Treasury stock, 524 shares (2014), 329 shares (2013) (3,318) (3,091)
Total stockholders' equity 40,997 65,769
Total liabilities and stockholders' equity $ 203,949 $ 223,023