ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE TO FACTOR (Tables)

3 Months Ended

Feb. 28, 2013

ACCOUNTS RECEIVABLE, INVENTORY ADVANCES AND DUE TO FACTOR

Schedule of accounts receivable, inventory advances and due to factor

As a result of these agreements, amounts due to factor consist of the following (in thousands):

	February 28, 2013			November 30, 2012
Non-recourse receivables assigned to factor	$	16,240		$	20,964
Client recourse receivables	8			24
Total receivables assigned to factor	16,248			20,988
Allowance for customer credits	(2,159		)	(2,442		)
Net loan balance from factored accounts receivable	(10,952		)	(14,166		)
Net loan balance from inventory advances	(5,045		)	(5,782		)
Due to factor	$	(1,908	)	$	(1,402	)
Non-factored accounts receivable	$	2,979		$	1,369
Allowance for customer credits	(277		)	(323		)
Allowance for doubtful accounts	(220		)	(234		)
Accounts receivable, net of allowance	$	2,482		$	812