SEGMENT INFORMATION (Tables)
 6 Months Ended
May. 31, 2015
Schedule of Segment Reporting Information, by Segment

Three months ended May 31, 2015

(in thousands)

    SSC      SSIA      EMS     Corporate      Inter
Segment
Eliminations		      Total  

Revenue from external customers

    $ 37,217       $ 5,285       $ 9,779      $ —        $ —         $ 52,281   
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Adjusted EBITDA:

   3,497      597      (242 )    —       —       3,852   

Acquisition related charges

   328   

Restructuring

   907   

Depreciation and amortization

   3,013   

Interest expense, net

   3,092   

Amortization of note discounts and deferred financing costs

   23   

Other adjustments *

   526   
                

 

 

  

Loss before income taxes

 $ (4,037 ) 
                

 

 

  

Segment assets—as at May 31, 2015

 $ 237,586    $ 12,023    $ 26,578    $ 2,257    $ —     $ 278,444   

Goodwill included in assets—as at May 31, 2015

 $ 114,301    $ —     $ 2,469    $ —     $ —     $ 116,770   

Purchase of fixed assets, to May 31, 2015

 $ 308    $ 9    $ 150    $ —     $ —     $ 467   

 

Three months ended May 31, 2014

(in thousands)

    SSC      SSIA      EMS     Corporate      Inter
Segment
Eliminations		      Total  

Revenue from external customers

    $ 39,272       $ 5,062       $ 8,835      $ —        $ —         $ 53,169   
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Adjusted EBITDA:

   4,534      540      (791 )    —       —       4,283   

Acquisition related charges

   75   

Restructuring

   1,029   

Depreciation and amortization

   4,111   

Interest expense, net

   2,887   

Amortization of note discounts and deferred financing costs

   10,228   

Other adjustments *

   775   
                

 

 

  

Loss before income taxes

 $ (14,822 ) 
                

 

 

  

Segment assets—as at November 30, 2014

 $ 241,246    $ 13,183    $ 24,235    $ 4,176    $ —     $ 282,840   

Goodwill included in assets—as at Nov. 30, 2014

 $ 114,301    $ —     $ 2,469    $ —     $ —     $ 116,770   

Purchase of fixed assets, to May 31, 2014

 $ 624    $ 7    $ 111    $ —     $ —     $ 742   

 

 

Six months ended May 31, 2015

(in thousands)

    SSC      SSIA      EMS     Corporate      Inter
Segment
Eliminations		      Total  

Revenue from external customers

    $ 75,603       $ 9,543       $ 17,985      $ —         $ —         $ 103,131   
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Adjusted EBITDA:

   8,739      1,352      (192 )    —       —       9,899   

Acquisition related charges

   390   

Restructuring

   1,779   

Depreciation and amortization

   6,472   

Interest expense, net

   6,219   

Amortization of note discounts and deferred financing costs

   46   

Other adjustments *

   937   
                

 

 

  

Loss before income taxes

 $ (5,944 ) 
                

 

 

  

Purchase of fixed assets, to May 31, 2015

 $ 452    $ 21    $ 153    $ —     $ —     $ 626   

 

Six months ended May 31, 2014

(in thousands)

    SSC      SSIA      EMS      Corporate      Inter
Segment
Eliminations		      Total  

Revenue from external customers

    $ 78,932       $ 10,461       $ 22,693       $ —         $ —         $ 112,086   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Adjusted EBITDA:

   8,945      1,608      224      —       —       10,777   

Acquisition related charges

   185   

Restructuring

   1,446   

Depreciation and amortization

   8,242   

Interest expense, net

   5,297   

Amortization of note discounts and deferred financing costs

   10,893   

Other adjustments *

   1,154   
                 

 

 

  

Loss before income taxes

 $ (16,440 ) 
                 

 

 

  

Purchase of fixed assets, to May 31, 2014

 $ 688    $ 22    $ 137    $ —     $ —     $ 847   

 

* Other adjustments primarily include non-cash inventory provisions, stock based compensation expense, franchise taxes, financing related costs, lease payments for the State College, Pennsylvania facility, foreign exchange losses and a change in benefit liability.