API Technologies (ATNY) 10-Q 8 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Aug. 31, 2015	Oct. 02, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	ATNY
Entity Registrant Name	API TECHNOLOGIES CORP.
Entity Central Index Key	1,081,078
Current Fiscal Year End Date	--11-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		55,427,050

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2015	Nov. 30, 2014
Current
Cash and cash equivalents	$ 6,554	$ 8,258
Accounts receivable, less allowance for doubtful accounts of $729 and $716 at August 31, 2015 and November 30, 2014, respectively	41,777	38,657
Inventories, net (note 5)	71,442	54,718
Deferred income taxes	370	561
Prepaid expenses and other current assets	1,717	1,592
Total current assets	121,860	103,786
Fixed assets, net	32,412	30,574
Goodwill	150,280	116,770
Intangible assets, net	51,032	29,848
Other non-current assets	1,969	1,862
Total assets	357,553	282,840
Current
Accounts payable and accrued expenses	42,339	27,907
Deferred revenue	1,855	2,279
Current portion of long-term debt (note 9)	20,504	10,097
Total current liabilities	64,698	40,283
Deferred income taxes	5,160	4,575
Other long-term liabilities	1,562	1,216
Long-term debt, net of current portion and discount of $2,803 and $0 at August 31, 2015 and November 30, 2014, respectively (note 9)	180,856	118,214
Deferred gain (note 9c)	7,341	7,788
Total liabilities	$ 259,617	$ 172,076
Commitments and contingencies (note 14)
Shareholders' Equity
Common shares ($0.001 par value, 250,000,000 authorized shares, 55,426,986 and 55,397,320 shares issued and outstanding at August 31, 2015 and November 30, 2014, respectively)	$ 55	$ 55
Special voting stock ($0.01 par value, 1 share authorized, issued and outstanding at August 31, 2015 and November 30, 2014, respectively)	0	0
Additional paid-in capital	328,380	327,846
Common stock subscribed but not issued	2,373	2,373
Accumulated deficit	(232,871)	(220,105)
Accumulated other comprehensive income	(1)	595
Total Shareholders' Equity	97,936	110,764
Total Liabilities and Shareholders' Equity	$ 357,553	$ 282,840

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2015	Nov. 30, 2014
Allowance for doubtful accounts	$ 729	$ 716
Long-term debt discount	$ 2,803	$ 0
Common shares, par value	$ 0.001	$ 0.001
Common shares, shares authorized	250,000,000	250,000,000
Common shares, shares issued	55,426,986	55,397,320
Common shares, shares outstanding	55,426,986	55,397,320
Special voting stock, par value	$ 0.01	$ 0.01
Special voting stock, share authorized	1	1
Special voting stock, Share Issued	1	1
Special voting stock, Share Outstanding	1	1

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Revenue, net	$ 67,993	$ 56,924	$ 171,124	$ 169,011
Cost of revenues
Cost of revenues	49,928	41,751	129,039	129,502
Restructuring charges	38	364	147	945
Total cost of revenues	49,966	42,115	129,186	130,447
Gross profit	18,027	14,809	41,938	38,564
Operating expenses
General and administrative	8,612	6,030	19,466	17,568
Selling expenses	4,292	3,743	11,330	11,037
Research and development	2,750	1,980	6,931	6,214
Business acquisition and related charges	405	190	795	375
Restructuring charges	152	133	1,822	1,000
Total operating expenses	16,211	12,076	40,344	36,194
Operating income	1,816	2,733	1,594	2,370
Other expense (income), net
Interest expense, net	4,880	3,289	11,099	8,586
Amortization of note discounts and deferred financing costs	355	24	401	10,916
Other expenses (income), net	2,238	24	1,695	(88)
Total other expenses (income), net	7,473	3,337	13,195	19,414
Loss before income taxes	(5,657)	(604)	(11,601)	(17,044)
Expense for income taxes	639	30	1,165	698
Net loss	(6,296)	(634)	(12,766)	(17,742)
Accretion on preferred stock				(393)
Net loss attributable to common shareholders	$ (6,296)	$ (634)	$ (12,766)	$ (18,135)
Net loss per share-Basic and diluted	$ (0.11)	$ (0.01)	$ (0.23)	$ (0.33)
Weighted average shares outstanding
Basic	55,489,938	55,461,217	55,474,617	55,444,759
Diluted	55,489,938	55,461,217	55,474,617	55,444,759
Comprehensive loss
Unrealized foreign currency translation adjustment	$ (112)	$ (128)	$ (596)	$ 294
Other comprehensive income (loss)	(112)	(128)	(596)	294
Comprehensive loss	$ (6,408)	$ (762)	$ (13,362)	$ (17,448)

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders Equity - 9 months ended Aug. 31, 2015 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Common Stock Subscribed But Not Issued	Accumulated Deficit	Accumulated Other Comprehensive Income
Balance at Nov. 30, 2014	$ 110,764	$ 55	$ 327,846	$ 2,373	$ (220,105)	$ 595
Balance (in shares) at Nov. 30, 2014	55,397,320	55,397,320
Stock issued as compensation
Stock issued as compensation (in shares)		43,334
Stock withheld for taxes	$ (27)		(27)
Stock withheld for taxes (in shares)		(13,668)
Stock-based compensation expense	561		561
Net loss for the period	(12,766)				(12,766)
Other comprehensive loss	$ (596)					(596)
Balance (in shares) at Aug. 31, 2015	55,426,986	55,426,986
Balance at Aug. 31, 2015	$ 97,936	$ 55	$ 328,380	$ 2,373	$ (232,871)	$ (1)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	9 Months Ended
	Aug. 31, 2015USD ($)	Aug. 31, 2014USD ($)
Cash flows from operating activities
Net loss	$ (12,766)	$ (17,742)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	11,966	12,269
Amortization of note discounts and deferred financing costs	401	705
Amortization of note discounts and deferred financing costs due to debt extinguishment		10,212
Stock based compensation	561	(99)
Gain on sale of fixed assets	(383)	(156)
Deferred income taxes	744	151
Changes in operating asset and liabilities, net of business acquisitions
Accounts receivable	1,058	(2,839)
Inventories	(4,456)	3,544
Prepaid expenses and other current assets	153	1,220
Accounts payable and accrued expenses	10,311	(4,491)
Deferred revenue	(406)	(795)
Net cash provided by operating activities	7,183	1,979
Cash flows from investing activities
Purchase of fixed assets	(997)	(1,598)
Purchase of intangible assets	(509)	(191)
Net proceeds from disposal of fixed assets (note 9c)	96	15,108
Restricted cash		1,500
Business acquisitions (note 4 and 12)	(80,000)	1,288
Net cash provided (used) by investing activities	(81,410)	16,107
Cash flows from financing activities
Redemption of preferred shares (note 10)		(27,600)
Repayments of long-term debt (note 9)	(9,184)	(54,017)
Net proceeds from long-term debt (note 9)	81,864	64,770
Net cash provided (used) by financing activities	72,680	(16,847)
Effect of exchange rate on cash and cash equivalents	(157)	131
Net change in cash and cash equivalents	(1,704)	1,370
Cash and cash equivalents, beginning of period	8,258	6,351
Cash and cash equivalents, end of period	$ 6,554	$ 7,721

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Aug. 31, 2015
NATURE OF BUSINESS AND BASIS OF PRESENTATION	1. NATURE OF BUSINESS AND BASIS OF PRESENTATION Nature of Business API Technologies Corp. (“API”, and together with its subsidiaries, the “Company”) designs, develops, and manufactures systems, subsystems, modules, and components for RF microwave, millimeterwave, electromagnetic, power, and security applications, as well as provides electronics manufacturing for technically demanding, high-reliability applications. On June 8, 2015 API completed the acquisition of Aeroflex / Inmet, Inc. (“Inmet”) and Aeroflex / Weinschel, Inc. (“Weinschel”) from Cobham plc for a total purchase price of $80,000. Inmet and Weinschel have each been in business for more than 40 years, and each manufactures and sells RF and microwave products for defense, space, avionics, wireless, and test and measurement applications. The acquisitions of Inmet and Weinschel add breadth to API’s RF, microwave, and microelectronics product portfolio, extend the Company’s subsystems offering, and further API’s reach in key end markets, including defense, space, commercial aviation, and wireless. API financed the acquisition with an $85,000 add-on to its existing term loan with Guggenheim Corporate Funding LLC (see Note 4 and Note 9a). The unaudited consolidated financial statements include the accounts of API and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. There are no other entities controlled by the Company, either directly or indirectly. The financial statements have been prepared in accordance with the requirements of Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures required in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) that the Company considers necessary for the fair presentation of the Company’s consolidated financial position as of August 31, 2015 and the results of its operations and cash flows for the three and nine month periods ended August 31, 2015. Results for the interim period are not necessarily indicative of results that may be expected for the entire year or for any other interim periods. The unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements of the Company and the notes thereto as of and for the year ended November 30, 2014 included in the Company’s Form 10-K filed with the SEC on February 10, 2015.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Aug. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts in the consolidated financial statements, and the disclosures made in the accompanying notes. Examples of estimates include the provisions made for bad debts and obsolete inventory, estimates associated with annual goodwill impairment tests, and estimates of deferred income tax and liabilities. The Company also uses estimates when assessing fair values of assets and liabilities acquired in business acquisitions as well as any fair value and any related impairment charges related to the carrying value of machinery and equipment, other long-lived assets and discontinued operations. The Company also uses estimates in determining the remaining economic lives of long-lived assets. In addition, the Company uses assumptions when employing the Black-Scholes valuation model to estimate the fair value of share options. Despite the Company’s intention to establish accurate estimates and use reasonable assumptions, actual results may differ from these estimates. Inventories Inventories, which include materials, labor, and manufacturing overhead, are stated at the lower of cost (on a first-in, first-out basis) or net realizable value. On a quarterly basis, the Company evaluates inventories for potential write-down for identifiable obsolescence and slow moving items. The evaluation includes analysis of future demand, product mix and possible alternative uses. The Company records a provision for both excess and obsolete inventory when write-downs or write-offs are identified. Any write-down of inventory at the close of a fiscal period creates a new cost basis that subsequently would not be marked up based on changes in underlying facts and circumstances. The Company periodically reviews and analyzes its inventory management systems, and conducts inventory impairment testing on a quarterly basis. Fixed Assets Fixed assets are recorded at cost less accumulated depreciation and are depreciated using the straight-line method over the following periods: Straight line basis Buildings and leasehold improvements 5-40 years Computer equipment 3-5 years Furniture and fixtures 5-8 years Machinery and equipment 5-10 years Vehicles 3 years Betterments are capitalized and amortized by the Company, using the same amortization basis as the underlying assets over the remaining useful life of the original asset. Betterments include renovations, major repairs and upgrades that increase the service of a fixed asset and extend the useful life. Gains and losses on depreciable assets retired or sold are recognized in the consolidated statements of operations in the year of disposal. Repairs and maintenance expenditures are expensed as incurred. Goodwill and Intangible Assets Goodwill and intangible assets result primarily from business acquisitions accounted for under the purchase method. Goodwill and intangible assets with indefinite lives are not amortized but are subject to impairment by applying a fair value based test. The Company completes an annual (or more often if impairment indicators arise under the applicable accounting guidance) impairment assessment of its goodwill on a reporting unit level. The Company’s annual impairment test for goodwill is September 1st. Intangible assets that have a finite life are amortized using the following basis over the following periods: Non-compete agreements Straight line over 5 years Computer software Straight line over 3-5 years Customer related intangibles Straight line or the pattern in which the economic benefits are expected to be realized, over an estimated life of 4-15 years Marketing related intangibles The pattern in which the economic benefits are expected to be realized, over an estimated life of 3-10 years Technology related intangibles The pattern in which the economic benefits are expected to be realized, over an estimated life of 10 years Long-Lived Assets The Company periodically evaluates the net realizable values of long-lived assets, principally identifiable intangibles and capital assets, for potential impairment when events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable, as determined based on the estimated future undiscounted cash flows. If such assets were considered to be impaired, the carrying value of the related assets would be reduced to their estimated fair value. Income Taxes Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial reporting and tax bases of assets and liabilities and available net operating loss carry forwards. A valuation allowance is established to reduce tax assets if it is more likely than not that all or some portions of such tax assets will not be realized. The Company’s valuation allowance was recorded on the deferred tax assets to provide for a reasonable provision, which in the Company’s estimation is more likely than not that all or some portions of such tax assets will not be realized. In determining the adequacy of the valuation allowance, the Company applied the authoritative guidance, and considered such factors as (i) which subsidiaries were producing income and which subsidiaries were producing losses and (ii) temporary differences occurring from depreciation and amortization which the Company expects to increase the taxable income over future periods. The Company follows the guidance concerning accounting for uncertainty in income taxes, which clarifies the accounting and disclosure for uncertainty in tax positions. The guidance requires that the Company determine whether it is more likely than not that a tax position will not be sustained upon examination by the appropriate taxing authority. If a tax position does not meet the more likely than not recognition criterion, the guidance requires that the tax position be measured at the largest amount of benefit greater than 50 percent not likely of being sustained upon ultimate settlement. Based on the Company’s evaluation, management has concluded that there are no significant uncertain tax positions requiring recognition in the consolidated financial statements or adjustments to deferred tax assets and related valuation allowance. Open tax years include the tax years ended January 21, 2011 through November 30, 2014. The Company from time to time has been assessed interest or penalties by major tax jurisdictions, however such assessments historically have been minimal and immaterial to our financial results. If the Company receives an assessment for interest and/or penalties, it would be classified in the consolidated financial statements as general and administrative expense. Revenue Recognition The Company recognizes non-contract revenue when it is realized and earned. The Company considers non-contract revenue realized or realizable and earned when it has persuasive evidence of an arrangement, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Delivery is not considered to have occurred until products have been shipped and risk of loss and ownership has transferred to the client. Revenue from production-type contracts, which represents less than one per cent of total revenue, is recognized using the percentage of completion method. The degree of completion is determined based on costs incurred, excluding costs that are not representative of progress to completion, as a percentage of total costs anticipated for each contract. A provision is made for losses on contracts in progress when such losses first become known. Revisions in cost and profit estimates, which can be significant, are reflected in the accounting period in which the relevant facts become known. Revenue from contracts under the percentage of completion method is not significant to the financial statements. Deferred Revenue The Company defers revenue when payment is received in advance of the service or product being shipped or delivered. For some of the larger government contracts, the Company will bill upon meeting certain milestones. These milestones are established by the customer and are specific to each contract. Unearned revenue is recorded as deferred revenue. The Company recognizes revenue on these larger government contracts when items are shipped or upon agreed milestones. Research and Development Research and development costs are expensed when incurred. Stock-Based Compensation The Company follows the authoritative guidance for accounting for stock-based compensation. The guidance requires that new, modified and unvested stock-based payment transactions with employees, such as grants of stock options, restricted stock units (“RSUs”) and restricted stock, be recognized in the financial statements based on their fair value at the grant date and recognized as compensation expense over their vesting periods. Stock-based compensation cost for RSUs is measured based on the closing fair market value of the Company’s common stock on the date of grant. The fair value of each option granted is estimated on the grant date using the Black-Scholes option pricing model which takes into account as of the grant date the exercise price and expected life of the option, the current price of the underlying shares and its expected volatility, expected dividends on the shares and the risk-free interest rate for the term of the option. Foreign Currency Translation and Transactions The Company’s functional currency is United States dollars and the consolidated financial statements are stated in United States dollars, “the reporting currency.” Integrated operations have been translated from various foreign currencies (Canadian dollars, British Pounds Sterling, Chinese Yuan, Euros, and Mexican Pesos) into United States dollars at the period-end exchange rate for monetary balance sheet items, the historical rate for fixed assets and shareholders’ equity, and the average exchange rate for the year for revenues, expenses, gains and losses. The gains or losses on translation are included as a component of other comprehensive income (loss) for the period. Financial Instruments The fair values of financial instruments including cash and cash equivalents, accounts receivable, accounts payable, and short-term borrowings approximate their carrying values due to the short-term nature of these instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest rate, currency or credit risks arising from its financial instruments. The recorded value of long-term debt approximates the fair value of the debt as the terms and rates approximate market rates. In the ordinary course of business, the Company carries out transactions in various foreign currencies (Canadian Dollars, British Pounds Sterling, Chinese Yuan, Euros, and Mexican Pesos) included in the Company’s cash, accounts receivable, accounts payable, bank indebtedness, as well as a mortgage loan. The translation adjustments related to these accounts have been reflected as a component of comprehensive income. Currently, the Company does not maintain a foreign currency hedging program. Debt Issuance Costs and Long-term Debt Discounts Fees paid to obtain debt financing or amendments under such debt financing are treated as debt issuance costs and are capitalized and amortized over the life of the debt using the effective interest method. These payments are shown as a financing activity on the consolidated statement of cash flows and are shown as other non-current assets in the consolidated balance sheets. The Company may record debt and equity discounts in connection with raising funds through the issuance of convertible notes or equity instruments. These discounts may arise from (i) the receipt of proceeds less than the face value of convertible notes or equity instruments, (ii) beneficial conversion features and/or (iii) recording derivative liabilities related to embedded features. These costs are amortized over the life of the debt to interest expense utilizing the effective interest method. If a conversion of the underlying debt occurs, a proportionate share of the unamortized discount is immediately expensed. Concentration of Credit Risk The Company maintains cash balances, at times, with financial institutions, which are in excess of amounts insured by the Federal Deposit Insurance Corporation (FDIC), Canadian Deposit Insurance Corporation (CDIC) and Financial Services Compensation Scheme (FSCS in the United Kingdom). Management monitors the soundness of these institutions and has not experienced any collection losses with these institutions. The U.S., Canadian and United Kingdom Governments’ Departments of Defense (directly and through subcontractors) accounts for approximately 46%, 1% and 9% of the Company’s revenues for the nine months ended August 31, 2015 (46%, 3% and 11% for the nine months ended August 31, 2014), respectively. A loss of a significant customer could adversely impact the future operations of the Company. Earnings (Loss) per Share of Common Stock Basic earnings per share of common stock is computed by dividing income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share of common stock gives effect to all dilutive potential shares of common stock outstanding during the period. The computation of diluted earnings per share does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on earnings per share (Note 13). Comprehensive Income (Loss) Comprehensive income (loss), which includes foreign currency translation adjustments, is shown in the Consolidated Statement of Operations and Comprehensive Income (Loss).

EFFECTS OF RECENT ACCOUNTING PR

EFFECTS OF RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Aug. 31, 2015
EFFECTS OF RECENT ACCOUNTING PRONOUNCEMENTS	3. EFFECTS OF RECENT ACCOUNTING PRONOUNCEMENTS Recently Issued Accounting Pronouncements In April 2015, the FASB issued guidance which changes the presentation of debt issuance costs in financial statements to present such costs as a direct deduction from the related debt liability rather than as an asset. The guidance will become effective for public companies during interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In April 2014, the FASB issued guidance which changes the threshold for reporting discontinued operations and adds additional disclosures. The guidance updates the definition of discontinued operations to include the disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The guidance is effective prospectively for all disposals of components of an entity that occur with annual periods beginning on or after December 15, 2014, and interim periods therein. The Company is currently assessing the impact of this guidance on our consolidated financial position and results of operations. In May 2014, the FASB issued guidance which affects any entity using GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). The new guidance will supersede the existing revenue recognition requirements, and most industry-specific guidance. Following the announcement of a one year deferral in July 2015, for a public entity, the amendments in this guidance are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented or apply the requirements in the year of adoption, through a cumulative adjustment. The Company has not yet selected a transition method nor has it determined the impact of adoption on its condensed consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Aug. 31, 2015
ACQUISITIONS	4. ACQUISITIONS Inmet and Weinschel On June 8, 2015 API completed the acquisition of Inmet and Weinschel for a total purchase price of $80,000. Inmet and Weinschel have each been in business for more than 40 years, and each manufactures and sells RF and microwave products for defense, space, avionics, wireless, and test and measurement applications. The acquisitions of Inmet and Weinschel add breadth to API’s RF, microwave, and microelectronics product portfolio, extend the Company’s subsystems offering, and further API’s reach in key end markets, including defense, space, commercial aviation, and wireless. API financed the acquisition with an $85,000 add-on to its existing term loan with Guggenheim Corporate Funding LLC (see Note 9). The acquisition expands the Company’s RF and Microwave capabilities and the Company believes that additional revenue opportunities will be generated through cross selling. These factors contributed to a purchase price resulting in the recognition of goodwill. The Company has accounted for the acquisition using the purchase method of accounting in accordance with the guidance on business combinations. The Company also incurred legal costs, reorganization charges and professional fees in connection with the acquisition of approximately $431 as of August 31, 2015. These expenses have been accounted for as operating expenses. The results of operations of Inmet and Weinschel have been included in the Company’s results of operations beginning on June 8, 2015 in the Systems, Subsystems & Components (SSC) segment. Accounting guidance requires that identifiable assets acquired and liabilities assumed be reported at fair value as of the acquisition date of a business combination. The purchase consideration was preliminarily allocated to assets acquired and liabilities assumed as follows: (in thousands) Accounts receivable and other current assets $ 5,226 Inventory 12,734 Fixed assets 5,365 Customer, marketing and technology related intangible assets 28,179 Goodwill 33,510 Current liabilities (5,014 ) Total purchase consideration $ 80,000 The purchase consideration for Inmet and Weinschel exceeded the underlying fair value of the net assets acquired, giving rise to the goodwill. The resulting goodwill will be deductible for tax purposes. Customer, marketing and technology related intangibles are amortized based on the pattern in which the economic benefits are expected to be realized, over estimated lives of four to twelve years. The purchase accounting is preliminary subject to the completion of the fair value assessment of the acquired intangible assets, inventory, accounting for income taxes, and certain fixed assets. Material adjustments, if any, to provisional amounts in subsequent periods, will be reflected as required. Revenues and net loss of Inmet and Weinschel for the period from the acquisition of June 8, 2015 to August 31, 2015 were approximately $10,902 and $207, respectively. Fixed assets acquired in this transaction consist of the following: (in thousands) Land $ 750 Buildings and leasehold improvements 2,816 Computer equipment 15 Furniture and fixtures 207 Machinery and equipment 1,577 Total fixed assets acquired $ 5,365 The following unaudited pro forma summary presents the combined results of operations as if the Inmet and Weinschel acquisitions described above had occurred at the beginning of the three and nine month periods ended August 31, 2015 and 2014. Three months ended August 31, Nine months ended August 31, 2015 2014 2015 2014 Revenues $ 68,500 $ 67,540 $ 198,230 $ 201,664 Net loss $ (6,688 ) $ (208 ) $ (12,774 ) $ (16,403 ) Net loss per share – basic and diluted $ (0.12 ) $ (0.00 ) $ (0.23 ) $ (0.30 )

INVENTORIES

INVENTORIES	9 Months Ended
	Aug. 31, 2015
INVENTORIES	5. INVENTORIES Inventories consisted of the following: (in thousands) August 31, November 30, Raw materials $ 36,009 $ 30,509 Work in progress 20,912 16,130 Finished goods 14,521 8,079 Total $ 71,442 $ 54,718 At August 31, 2015 and November 30, 2014, inventories are presented net of inventory reserves of $10,870 and $8,990, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Aug. 31, 2015
GOODWILL AND INTANGIBLE ASSETS	6. GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of Goodwill were as follows: (in thousands) Balance, November 30, 2014 $ 116,770 Goodwill from Inmet and Weinschel business acquisition (note 4) 33,510 Balance, August 31, 2015 $ 150,280 Changes in the carrying amount of Intangible assets were as follows: (in thousands) Balance, November 30, 2014 $ 29,848 Intangible assets from Inmet and Weinschel business acquisition (note 4) 28,179 Computer software purchased 509 Less: Amortization (7,504 ) Balance, August 31, 2015 $ 51,032

SHORT-TERM DEBT

SHORT-TERM DEBT	9 Months Ended
	Aug. 31, 2015
SHORT-TERM DEBT	7. SHORT-TERM DEBT The Company has a credit facility in place for certain of its UK subsidiaries for approximately $385 (250 GBP), which renews in July 2016. This line of credit is tied to the prime rate in the United Kingdom and is secured by the subsidiaries’ assets. This facility was undrawn as of August 31, 2015 and November 30, 2014.

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	9 Months Ended
	Aug. 31, 2015
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the following: (in thousands) August 31, November 30, Trade accounts payable $ 24,237 $ 16,843 Accrued expenses 12,971 6,497 Wage and vacation accrual 5,131 4,567 Total $ 42,339 $ 27,907

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Aug. 31, 2015
LONG-TERM DEBT	9. LONG-TERM DEBT The Company had the following long-term debt obligations: (in thousands) August 31, November 30, Term loans, due February 6, 2018, base rate plus 6.50% interest or LIBOR plus 7.50%, (a) $ 197,746 $ 121,730 Mortgage loan, due 2027, 1.35% above Barclays fixed bank rate (b) 1,025 1,151 Capital leases payable (c) 5,392 5,430 $ 204,163 $ 128,311 Less: Current portion of long-term debt (20,504 ) (10,097 ) Less: Discount and deferred financing charges on term loans (2,803 ) — Long-term portion $ 180,856 $ 118,214 a) On February 6, 2013, the Company refinanced its credit facilities and entered into (i) a credit agreement (the “Term Loan Agreement”) with various lenders and Guggenheim Corporate Funding, LLC, as agent (the “Agent”) that provided for a $165,000 term loan facility and (ii) a credit agreement with various lenders and Wells Fargo Bank, National Association (the “Revolving Loan Agreement”) that provided for a $50,000 asset-based revolving borrowing base credit facility, with a $10,000 subfacility (or the Sterling equivalent) for certain of our United Kingdom subsidiaries, a $10,000 subfacility for letters of credit and a $5,000 subfacility for swingline loans. On February 6, 2013, in connection with entering into the Term Loan Agreement and the Revolving Loan Agreement, the Amended and Restated Credit Agreement, dated as of June 27, 2011, by and among the lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, lead arranger and sole book-runner, which had an outstanding balance of $183,400, was paid off and terminated, which resulted in the write-off of approximately $10,300 of deferred financing costs and note discounts. On May 22, 2013, the Company entered into a First Amendment to the Revolving Loan Agreement that amended certain cash management and reporting requirements. On July 5, 2013 and April 17, 2013, the Company sold its data bus business and its Sensors companies, respectively, and repaid approximately $28,780 and $44,919, respectively, of its term loans from the proceeds of these sales, in accordance with the Term Loan Agreement. In addition, the Company repaid a portion of its term loans using the net proceeds of $739 from the March 14, 2013, sale of certain land and a building in Palm Bay, Florida. On December 31, 2013, the Company repaid $14,200 of its term loans from the proceeds of the Sale/Leaseback (see (c) below) of the Company’s facility located in State College, Pennsylvania. On October 10, 2013, the Company entered into an Amendment No. 1 to the Term Loan Agreement (the “Amendment No. 1”) by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 1, among other things, amends the Term Loan Agreement to reduce the minimum interest coverage ratio, increase the maximum leverage ratio, reduce the interest rate on the term loans and modify the terms of the prepayment premium, which the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans. On March 21, 2014, the Company entered into Amendment No. 2 to the Term Loan Agreement (the “Amendment No. 2”), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 2 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $55,000 (the “Incremental Term Loan Facility”), which Incremental Term Loan Facility is subject to substantially the same terms and conditions, including the applicable interest rate and the maturity date of February 6, 2018, as the $165,000 term loan facility provided upon the initial closing of the Term Loan Agreement. In addition, Amendment No. 2 amended the Term Loan Agreement to reduce the minimum interest coverage ratio and increase the maximum leverage ratio, among other things. The proceeds of the Incremental Term Loan Facility were used (i) to pay in full and terminate the Company’s Revolving Loan Agreement; (ii) to redeem all 26,000 shares of the Company’s Series A Preferred Stock that were outstanding; (iii) to pay fees, costs and expenses associated with the Incremental Term Loan Facility and related transactions; and (iv) for general corporate purposes. This resulted in the write-off of approximately $10,212 of deferred financing costs and note discounts in the quarter ended May 31, 2014. On June 8, 2015, the Company entered into Amendment No. 3 to the Term Loan Agreement (the “Amendment No. 3”), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 3 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $85,000 (the “Second Incremental Term Loan Facility”), increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015, amended the prepayment premiums that the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans, permitted certain additional adjustments to the Company’s consolidated EBITDA for cost savings in connection with the acquisition Inmet and Weinschel and reduced the minimum interest coverage ratio and increased the maximum leverage ratio for certain compliance periods. The proceeds of the Second Incremental Term Loan Facility were primarily used to fund the purchase price for the Inmet and Weinschel acquisition. Term Loan Agreement The term loans incurred pursuant to the Term Loan Agreement, as amended through Amendment No. 2, bore interest, at the Company’s option, at the base rate plus 6.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 7.50% for the first year and at the base rate plus 7.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 10.75% thereafter, with a LIBOR floor of 1.50%. Amendment No. 3 increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015. For purposes of the Term Loan Agreement, the “base rate” means the highest of Wells Fargo Bank, National Association’s prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest is due and payable in arrears monthly for term loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of term loans with interest periods greater than three months) in the case of term loans bearing interest at the adjusted LIBOR rate. Principal payments of the term loans are paid at the end of each of the Company’s fiscal quarters, with the balance of any outstanding term loans due and payable in full on February 6, 2018. The quarterly principal payments will amortize at 1.25% for the fiscal quarters through the end of the Company’s 2014 fiscal year, at 1.875% for the fiscal quarters through the end of the Company’s 2015 fiscal year and at 2.50% for each of the fiscal quarters thereafter. Under certain circumstances, the Company is required to prepay the term loans upon the receipt of cash proceeds of certain asset sales, cash proceeds of certain extraordinary receipts and cash proceeds of certain debt or equity financings, and based on a calculation of annual excess cash flow. Mandatory prepayments resulting from assets sales or certain debt financings may require the payment of certain prepayment premiums. The term loans are secured by a first priority security interest in accounts receivable, inventory, machinery, equipment and certain other personal property relating to the foregoing, and any proceeds from any of the foregoing, subject to certain exceptions and liens, and a first priority security position on substantially all other real and personal property, in each case that are owned by the Company and the subsidiary guarantors. The Term Loan Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the Company and its subsidiaries’ ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a term loan of this size and type. Pursuant to the Term Loan Agreement, the Company is required to maintain compliance with an interest coverage ratio and a leverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights). Revolving Loan Agreement On March 21, 2014, approximately $25,136 of the proceeds of the Incremental Term Loan Facility were used to pay in full and terminate the Company’s Revolving Loan Agreement. The revolving loans incurred pursuant to the Revolving Loan Agreement bore interest, at the Company’s option, at the base rate plus a margin between 1.50% and 2.00% or an adjusted LIBOR rate (based on one, two, three or six-month interest periods) plus a margin between 2.50% and 3.00%, in each case with such margin being determined based on the Company’s average daily excess availability under the revolving credit facility for the preceding fiscal quarter. For purposes of the Revolving Loan Agreement, the “base rate” means the highest of Wells Fargo Bank, National Association’s prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest was due and payable in arrears monthly for revolving loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of loans with interest periods greater than three months) in the case of revolving loans bearing interest at the adjusted LIBOR rate. Principal, together with all accrued and unpaid interest, would have been due and payable on February 6, 2018. The Company was permitted to prepay the revolving loans and terminate the commitments, in whole or in part, at any time without premium or penalty. Under certain circumstances, the Company was required to prepay the revolving loans upon the receipt of cash proceeds of certain asset sales. All borrowings under the Revolving Loan Agreement were limited by amounts available pursuant to a borrowing base calculation, which was based on percentages of eligible accounts receivable, inventory, machinery and equipment, in each case subject to reductions for applicable reserves. The Revolving Loan Agreement contained customary affirmative and negative covenants, including covenants that limited or restricted the Company and its subsidiaries’ ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a credit facility of this size and type. Pursuant to the Revolving Loan Agreement, the Company was also required to maintain compliance with a fixed charge coverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights) at such times that it failed to maintain excess availability under the revolving credit facility above a specified level. b) A subsidiary of the Company in the United Kingdom entered into a 20 year term mortgage agreement in 2007, under which interest is charged at a margin of 1.35% over Barclays Fixed Base Rate of 0.5% at August 31, 2015. The mortgage is secured by the subsidiary’s assets. c) On December 31, 2013, the Company completed the sale and leaseback (the “Sale/Leaseback”) of the Company’s facility located in State College, Pennsylvania. The Company sold the facility to an unaffiliated third party for a gross purchase price of approximately $15,500 and will lease the property from the buyer for approximately $1,279 per year, subject to annual adjustments. As a result of this transaction the Company initially recorded a capital lease obligation of $5,225. The gain on the sale has been deferred and is being recognized over the 15 year lease term.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Aug. 31, 2015
SHAREHOLDERS' EQUITY	10. SHAREHOLDERS’ EQUITY On January 20, 2010 the Company agreed to issue 800,000 shares of API common stock payable as part of the compensation to Kuchera Defense Systems, Inc. (“KDS”), KII, Inc. (“KII”) and Kuchera Industries, LLC (“KI Industries” and collectively with KDS and KII, the “KGC Companies”) or their designees. 250,000 shares were issued and delivered at closing, an additional 250,000 shares were to be issued and delivered on the first anniversary of the closing and 300,000 shares were to be issued and delivered on the second anniversary of the closing. The Company has issued 126,250 shares in escrow from the originally deferred 550,000 shares. Three API subsidiaries have claimed a right of set off against the shares under the asset purchase agreement with respect to claimed amounts due to the Company under the indemnification provisions of the asset purchase agreement. The unissued shares have been accounted for as common shares subscribed but not issued (see Note 13). In addition, on January 20, 2010 and January 22, 2010, we issued warrants to purchase an aggregate of 892,862 shares of common stock with an exercise price of $5.60 per share, which expired on January 20, 2015 and January 22, 2015. In connection with the Plan of Arrangement that occurred on November 6, 2006, the Company was obligated to issue 2,354,505 shares of either API common stock or exchangeable shares of API Nanotronics Sub, Inc. in exchange for the API Electronics Group Corp. common shares previously outstanding. As of August 31, 2015, API is obligated to issue a remaining approximately 63,886 shares of its common stock under the Plan of Arrangement either directly for API common shares or in exchange for API Nanotronics Sub, Inc. exchangeable shares not held by API or its affiliates. There are 22,617 exchangeable shares outstanding (excluding exchangeable shares held by the Company) as of August 31, 2015. Exchangeable shares are substantially equivalent to our common shares. On November 6, 2006, API amended its certificate of incorporation to allow it to issue one special voting share. This special voting share was issued to a trustee in connection with a Plan of Arrangement and allows the trustee to have at meetings of stockholders of API the number of votes equal to the number of exchangeable shares not held by API or subsidiaries of API. (The trustee is charged with obtaining the direction of the holders of exchangeable shares on how to vote at meetings of API stockholders.) The API Nanotronics Sub, Inc. exchangeable shares are convertible into shares of API common stock at any time at the option of the holder. API may force the conversion of API Nanotronics Sub., Inc. exchangeable shares into shares of API common stock on the tenth anniversary of the date of the Plan of Arrangement or sooner upon the happening of certain events. The Company, as of March 21, 2014, redeemed all 26,000 shares of its outstanding Series A Preferred Stock. Following the redemption, all shares of Series A Preferred Stock were cancelled and such shares were returned to authorized but undesignated shares of the Company’s preferred stock. The Company issued 567,500 options and 242,000 RSUs during the nine months ended August 31, 2015 and 245,000 options and 15,000 RSUs during the nine months ended August 31, 2014 (Note 11). The Company values its option grants using the Black-Scholes option-pricing model.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Aug. 31, 2015
STOCK-BASED COMPENSATION	11. STOCK-BASED COMPENSATION Of the 5,875,000 shares authorized under the Equity Incentive Plan, 2,976,740 shares are available for issuance pursuant to options, RSUs, or stock as of August 31, 2015. Under the Company’s Equity Incentive Plan, incentive options and non-statutory options may have a term of up to ten years from the date of grant. The stock option exercise prices are equal to at least 100 percent of the fair market value of the underlying shares on the date the options are granted. As of August 31, 2015 there was $596 of total unrecognized compensation related to non-vested stock options, which are not contingent upon attainment of certain milestones. The cost is expected to be recognized over the remaining periods of the options, which are expected to vest from 2014 to 2017. During the nine months ended August 31, 2015 and 2014, $561 and ($99), respectively, has been recognized as stock-based compensation expense in general and administrative expense. The fair value of each option grant is estimated at the grant date using the Black-Scholes option-pricing model based on the weighted average assumptions detailed below: August 31, August 31, Expected volatility 73.2 % 70.2 % Expected dividends 0 % 0 % Expected term 9.3 years 6 years Risk-free rate 1.47 % 1.58 % The summary of the common stock options granted, cancelled, exchanged or exercised under the Plan: Options Weighted Stock Options outstanding— November 30, 2013 1,848,485 $ 4.98 Less forfeited (765,175 ) $ 4.90 Exercised — $ — Issued 245,000 $ 2.23 Stock Options outstanding—November 30, 2014 1,328,310 $ 4.52 Less forfeited (33,183 ) $ 4.60 Exercised — $ — Issued 567,500 $ 1.89 Stock Options outstanding— August 31, 2015 1,862,627 $ 3.72 Stock Options exercisable— August 31, 2015 1,126,378 $ 5.01 Restricted stock unit activity under the 2006 Equity Compensation Plan is presented below: Units Weighted RSUs outstanding— November 30, 2013 81,667 $ 3.72 RSUs Issued 15,000 $ 2.37 Vested—Stock issued (48,333 ) $ 3.72 RSUs outstanding—November 30, 2014 48,334 $ 3.30 RSUs Issued 242,000 $ 1.90 Vested—Stock issued (43,334 ) $ 3.72 RSUs outstanding— August 31, 2015 247,000 $ 1.90 RSUs vested— August 31, 2015 5,000 $ 2.37 RSUs and Options Outstanding RSUs Vested and Options Exercisable Range of Exercise Price Number Weighted Weighted Aggregate Number Weighted Aggregate $0.00 – $ 3.55 1,444,500 $ 2.06 7.04 $ 913 471,667 $ 3.28 $ — $3.56 – $ 4.99 27,084 $ 3.56 5.15 $ — 21,668 $ 3.56 $ — $5.00 – $ 6.99 632,209 $ 5.96 5.09 $ — 632,209 $ 5.96 $ — $7.00 – $ 20.00 5,834 $ 14.07 1.74 $ — 5,834 $ 14.07 $ — 2,109,627 6.42 $ 913 1,131,378 $ — The price of the RSUs for purposes of the Weighted Average Exercise Price is zero. The intrinsic value is calculated as the excess of the market value as of August 31, 2015 over the exercise price of the options and over an amount of zero with respect to the RSUs. The market value as of August 31, 2015 was $2.33 as reported by the NASDAQ Stock Market.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	9 Months Ended
	Aug. 31, 2015
SUPPLEMENTAL CASH FLOW INFORMATION	12. SUPPLEMENTAL CASH FLOW INFORMATION Supplemental cash flow information: (in thousands) Nine months ended August 31, August 31, Supplemental Cash Flow Information Cash paid for income taxes $ 1,210 $ 683 Cash paid for interest $ 9,272 $ 6,253 Capital lease obligation $ — $ 5,225 Deferred gain on Sale/Leaseback (note 9c) $ 7,937 $ 8,532 In February 2014, the Company received $1,414 related to a tax refund from the acquisition of one of its subsidiaries, SenDEC Corporation.

EARNINGS PER SHARE OF COMMON ST

EARNINGS PER SHARE OF COMMON STOCK	9 Months Ended
	Aug. 31, 2015
EARNINGS PER SHARE OF COMMON STOCK	13. EARNINGS PER SHARE OF COMMON STOCK The following table sets forth the computation of weighted-average shares outstanding for calculating basic and diluted earnings per share (EPS): Three months ended Nine months ended 2015 2014 2015 2014 Weighted average shares-basic 55,489,938 55,461,217 55,474,617 55,444,759 Effect of dilutive securities * * * * Weighted average shares—diluted 55,489,938 55,461,217 55,474,617 55,444,759 Basic EPS and diluted EPS for the three and nine months ended August 31, 2015 and 2014 have been computed by dividing the net income (loss) by the weighted average shares outstanding. The weighted average numbers of shares of common stock outstanding includes exchangeable shares and shares to be issued under the Plan of Arrangement. * Outstanding options and RSUs aggregating 2,109,627 incremental shares at August 31, 2015 (1,535,169 at August 31, 2014), and 892,862 warrants at August 31, 2014, have been excluded from the August 31, 2015 and 2014 computations of diluted EPS as they are anti-dilutive due to the losses generated in each respective period.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Aug. 31, 2015
COMMITMENTS AND CONTINGENCIES	14. COMMITMENTS AND CONTINGENCIES On September 15, 2011, Currency, Inc., KII Inc., Kuchera Industries, LLC, William Kuchera and Ronald Kuchera (the “Plaintiffs”) filed a lawsuit against API and three API subsidiaries (the “API Pennsylvania Subsidiaries”) in the Court of Chancery of the State of Delaware in relation to the Asset Purchase Agreement by and among API, the API Pennsylvania Subsidiaries, the KGC Companies, William Kuchera, and Ronald Kuchera dated January 20, 2010. Plaintiffs’ complaint alleges claims for breach of contract and unjust enrichment based on their contention that API and the API Pennsylvania Subsidiaries violated the Asset Purchase Agreement by failing to issue certain shares of stock to Plaintiffs and by failing to cooperate with Plaintiffs in the filing of a final general and administrative overhead rate with the Defense Contracting Audit Agency. API and the API Pennsylvania Subsidiaries filed an answer to the complaint denying all liability and a counterclaim for breach of contract against Plaintiffs. Of the 550,000 shares that have not been delivered under the Asset Purchase Agreement, 126,250 were placed in escrow and the remaining 423,750 shares have been accounted for as common shares subscribed but not issued with a value of $2,373. Trial for this matter took place in August 2015. Settlement discussions commenced in August 2015 and continued following trial. The Company is also a party to lawsuits in the normal course of its business. Litigation can be unforeseeable, expensive, lengthy and disruptive to normal business operations. Moreover, the results of complex legal proceedings are difficult to predict. An unfavorable resolution of a particular lawsuit could have a material adverse effect on the Company’s business, operating results, or financial condition. In accordance with required guidance, the Company accrues for litigation matters when losses become probable and reasonably estimable. The Company has $2,500 recorded accrual relating to its outstanding legal matters as of August 31, 2015 (November 30, 2014—$0). As of the end of each applicable reporting period, or more frequently, as necessary, the Company reviews each outstanding matter and, where it is probable that a liability has been incurred, it accrues for all probable and reasonably estimable losses. Where the Company is able to reasonably estimate a range of losses with respect to such a matter, it records an accrual for the amount within the range that constitutes its best estimate. If the Company can reasonably estimate a range but no amount within the range appears to be a better estimate than any other, it will use the amount that is the low end of such range. Because of the uncertainty, the complexity and the many variables involved in litigation, the actual costs to the Company with respect to its legal matters may differ from our estimates, could result in a significant difference and could have a material adverse effect on the Company’s financial position, liquidity, or results of operations. If we determine that an additional loss in excess of our accrual is probable but not estimable, the Company will provide disclosure to that effect. The Company expenses legal costs as they are incurred.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Aug. 31, 2015
INCOME TAXES	15. INCOME TAXES For the three month periods ended August 31, 2015 and 2014, the Company’s effective income tax rates were (11.3)% and (5.0)%, respectively, and for the nine month period ending August 31, 2015 and 2014 were (10.0) % and (4.1) % compared to an applicable U.S. federal statutory income tax rate of 34%. The difference between the effective tax rate and U.S. statutory tax as of August 31, 2015 and August 31, 2014 is primarily due to the existence of valuation allowances for deferred tax assets including net operating losses and income from foreign subsidiaries taxed at rates lower than the U.S. statutory rate. For the three months ended August 31, 2015, the Company recorded valuation allowances on deferred tax assets relating to current year losses and for the accrual of non-cash tax expense due to additional valuation allowances in connection with the tax amortization of our indefinite-lived intangible assets that was not available to offset existing deferred tax assets. As of August 31, 2015, the Company had no significant unrecognized tax benefits. The Company records interest and penalties related to tax matters within general and administrative expenses on the accompanying Consolidated Statement of Operations. These amounts are not material to the consolidated financial statements for the periods presented. The Company’s U.S. tax returns are subject to examination by federal and state taxing authorities. Generally, tax years 2011-2014 remain open to examination by the Internal Revenue Service or other tax jurisdictions to which the Company is subject. The Company’s Canadian tax returns are subject to examination by federal and provincial taxing authorities in Canada. Generally, tax years 2011-2014 remain open to examination by Canada Revenue Agency or other tax jurisdictions to which the Company is subject.

RESTRUCTURING CHARGES RELATED T

RESTRUCTURING CHARGES RELATED TO CONSOLIDATION OF OPERATIONS	9 Months Ended
	Aug. 31, 2015
RESTRUCTURING CHARGES RELATED TO CONSOLIDATION OF OPERATIONS	16. RESTRUCTURING CHARGES RELATED TO CONSOLIDATION OF OPERATIONS In accordance with accounting guidance for costs associated with asset exit or disposal activities, restructuring costs are recorded as incurred. Restructuring charges for employee workforce reductions are recorded upon employee notification. a) Ottawa restructuring In November 2013, the Company commenced the restructuring of a portion of its Ottawa, Ontario, Canada business (“Ottawa restructuring”), which included the movement of certain operations to its State College facility, in order to improve its profitability. The actions taken as part of the Ottawa restructuring are intended to realize synergies from our combined SSC operations, contain costs and streamline our operations. Elements of the Ottawa restructuring include management re-alignment, workforce reductions and write-downs and charges related to inventory and relocation costs. The Ottawa restructuring was substantially completed by May 31, 2014. As a result of the Ottawa restructuring, the Company reduced its SSC workforce by approximately 4%, which represents approximately 3% of its global workforce. The Company recorded $757 of cumulative salary and related charges for the Ottawa restructuring in fiscal 2014. b) EMS restructuring In June 2012, the Company announced the restructuring of its EMS business (“EMS restructuring”) in order to improve its profitability. The actions taken as part of the EMS restructuring were intended to realize synergies from our combined EMS operations, contain costs, reduce our exposure to low margin and unprofitable revenue streams within the EMS businesses, and streamline our operations. Elements of the EMS restructuring include management re-alignment, workforce reductions and write-downs and charges related to inventory, fixed assets, and long-term leases. The EMS restructuring was substantially completed by the end of fiscal 2012. As of November 30, 2012, the Company reduced its EMS workforce by approximately 10%, which represented approximately 2% of its global workforce. During the period ending November 30, 2012, the Company incurred approximately $591 related to cash outlays, primarily due to employee separation expenses. The majority of the non-cash charges are primarily related to the write-down of inventory related to the EMS product offerings, leasehold impairments and fixed asset impairments. The following tables summarize the charges related to EMS restructuring activities by type of cost: EMS Salary and related charges $ 591 Inventory write-down 7,401 Fixed asset impairment 865 Lease impairment 3,672 Accumulated restructuring charges at November 30, 2012 12,529 Cash payments (591 ) Non-cash charges (10,222 ) Balance – Lease impairment accrual, August 31, 2015 $ 1,716 During the nine months ended August 31, 2015, the Company has reflected within the consolidated statement of operations restructuring charges of $1,969, which includes $767 related to specific restructuring events and $1,202 related to the change in the Company’s Chief Executive Officer.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Aug. 31, 2015
SEGMENT INFORMATION	17. SEGMENT INFORMATION The Company follows the authoritative guidance on the required disclosures for segments, which establish standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in financial reports. The guidance also establishes standards for related disclosures about products, geographic areas and major customers. The authoritative accounting guidance uses a management approach for determining segments. The management approach designates the internal organization that is used by management for making operating decisions and assessing performance as the source of the Company’s reportable segments. The Company’s operations are conducted in three principal business segments: Systems, Subsystems & Components (SSC), Secure Systems & Information Assurance (SSIA) and Electronic Manufacturing Services (EMS). Inter-segment sales are presented at their market value for disclosure purposes. Corporate includes general and administrative functions and unallocated costs of our shared service operations/management, administrative and other shared corporate services functions such as information technology, legal, finance, human resources, and marketing. These administrative and other shared services costs have been allocated in the adjusted EBITDA measure based on a percent of revenue for each respective operating segment. The Company’s chief operating decision maker evaluates segment performance based primarily on revenues and Adjusted EBITDA. The accounting policies of each of the operating segments are the same as those described in the summary of significant accounting policies in Note 2. Adjusted EBITDA represents income from continuing operations excluding depreciation and amortization, stock-based compensation expense and other items as described below. Management views adjusted EBITDA as an important measure of segment performance because it removes from operating results the impact of items that management believes do not reflect the Company’s core operating performance. Adjusted EBITDA is a measure that is also used in calculating financial ratios in material debt covenants in the Company’s credit facilities. Management does not evaluate the performance of its operating segments using asset measures. The identifiable assets by segment disclosed in this note are those assets specifically identifiable within each segment and include cash, accounts receivable, inventory, goodwill and intangible assets. Three months ended August 31, 2015 (in thousands) SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 47,609 $ 5,004 $ 15,380 $ — $ — $ 67,993 Adjusted EBITDA: 6,913 1,320 1,687 — — 9,920 Acquisition related charges 405 Restructuring 190 Depreciation and amortization 5,494 Interest expense, net 4,880 Amortization of note discounts and deferred financing costs 355 Other adjustments * 4,253 Loss before income taxes $ (5,657 ) Segment assets—as at August 31, 2015 $ 317,120 $ 10,543 $ 26,477 $ 3,413 $ — $ 357,553 Goodwill included in assets—as at August 31, 2015 $ 147,811 $ — $ 2,469 $ — $ — $ 150,280 Purchase of fixed assets, to August 31, 2015 $ 357 $ 6 $ 8 $ — $ — $ 371 Three months ended August 31, 2014 (in thousands) SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 41,877 $ 6,230 $ 8,817 $ — $ — $ 56,924 Adjusted EBITDA: 7,133 1,014 (388 ) — — 7,759 Acquisition related charges 190 Restructuring 497 Depreciation and amortization 4,029 Interest expense, net 3,289 Amortization of note discounts and deferred financing costs 24 Other adjustments * 334 Loss before income taxes $ (604 ) 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 August 31, 2014 $ 593 $ 83 $ 76 $ — $ — $ 752 Nine months ended August 31, 2015 (in thousands) SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 123,212 $ 14,547 $ 33,365 $ — $ — $ 171,124 Adjusted EBITDA: 15,660 2,677 1,482 — — 19,819 Acquisition related charges 795 Restructuring 1,969 Depreciation and amortization 11,966 Interest expense, net 11,099 Amortization of note discounts and deferred financing costs 401 Other adjustments * 5,190 Loss before income taxes $ (11,601 ) Purchase of fixed assets, to August 31, 2015 $ 809 $ 27 $ 161 $ — $ — $ 997 Nine months ended August 31, 2014 (in thousands) SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 120,809 $ 16,692 $ 31,510 $ — $ — $ 169,011 Adjusted EBITDA: 16,082 2,624 (171 ) — — 18,535 Acquisition related charges 375 Restructuring 1,945 Depreciation and amortization 12,269 Interest expense, net 8,586 Amortization of note discounts and deferred financing costs 10,916 Other adjustments * 1,488 Loss before income taxes $ (17,044 ) Purchase of fixed assets, to August 31, 2014 $ 1,280 $ 105 $ 213 $ — $ — $ 1,598 * Other adjustments primarily include non-cash inventory provisions and charges related to Inmet and Weinschel purchase accounting, contingency accruals, 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Aug. 31, 2015
SUBSEQUENT EVENTS	18. SUBSEQUENT EVENTS In October 2015, the Company settled the Kuchera litigation described in Note 14, “Commitments and Contingencies” for a $2,500 note payable to the plaintiffs and the delivery of the remaining 550,000 shares under the Asset Purchase Agreement to the plaintiffs. If the net proceeds resulting from the sale of the 550,000 shares do not, in the aggregate, yield at least $1,000, API will issue additional shares of common stock until the net proceeds of all such shares is $1,000. To the extent net proceeds from the sale of the 550,000 shares exceed $1,000, such excess will be credited against amounts due under the note. The note will bear interest at the rate of 12% until April 1, 2016 and 18% thereafter. Monthly payments of interest only are required until April 1, 2016, and thereafter equal monthly payments of interest and principal will be amortized and payable over a 48 month period. All amounts due under the note will accelerate and become due and payable if the Term Loan Agreement is refinanced. There is no prepayment penalty.

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Aug. 31, 2015
Accounting Estimates	Accounting Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts in the consolidated financial statements, and the disclosures made in the accompanying notes. Examples of estimates include the provisions made for bad debts and obsolete inventory, estimates associated with annual goodwill impairment tests, and estimates of deferred income tax and liabilities. The Company also uses estimates when assessing fair values of assets and liabilities acquired in business acquisitions as well as any fair value and any related impairment charges related to the carrying value of machinery and equipment, other long-lived assets and discontinued operations. The Company also uses estimates in determining the remaining economic lives of long-lived assets. In addition, the Company uses assumptions when employing the Black-Scholes valuation model to estimate the fair value of share options. Despite the Company’s intention to establish accurate estimates and use reasonable assumptions, actual results may differ from these estimates.
Inventories	Inventories Inventories, which include materials, labor, and manufacturing overhead, are stated at the lower of cost (on a first-in, first-out basis) or net realizable value. On a quarterly basis, the Company evaluates inventories for potential write-down for identifiable obsolescence and slow moving items. The evaluation includes analysis of future demand, product mix and possible alternative uses. The Company records a provision for both excess and obsolete inventory when write-downs or write-offs are identified. Any write-down of inventory at the close of a fiscal period creates a new cost basis that subsequently would not be marked up based on changes in underlying facts and circumstances. The Company periodically reviews and analyzes its inventory management systems, and conducts inventory impairment testing on a quarterly basis.
Fixed Assets	Fixed Assets Fixed assets are recorded at cost less accumulated depreciation and are depreciated using the straight-line method over the following periods: Straight line basis Buildings and leasehold improvements 5-40 years Computer equipment 3-5 years Furniture and fixtures 5-8 years Machinery and equipment 5-10 years Vehicles 3 years Betterments are capitalized and amortized by the Company, using the same amortization basis as the underlying assets over the remaining useful life of the original asset. Betterments include renovations, major repairs and upgrades that increase the service of a fixed asset and extend the useful life. Gains and losses on depreciable assets retired or sold are recognized in the consolidated statements of operations in the year of disposal. Repairs and maintenance expenditures are expensed as incurred.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and intangible assets result primarily from business acquisitions accounted for under the purchase method. Goodwill and intangible assets with indefinite lives are not amortized but are subject to impairment by applying a fair value based test. The Company completes an annual (or more often if impairment indicators arise under the applicable accounting guidance) impairment assessment of its goodwill on a reporting unit level. The Company’s annual impairment test for goodwill is September 1st. Intangible assets that have a finite life are amortized using the following basis over the following periods: Non-compete agreements Straight line over 5 years Computer software Straight line over 3-5 years Customer related intangibles Straight line or the pattern in which the economic benefits are expected to be realized, over an estimated life of 4-15 years Marketing related intangibles The pattern in which the economic benefits are expected to be realized, over an estimated life of 3-10 years Technology related intangibles The pattern in which the economic benefits are expected to be realized, over an estimated life of 10 years
Long-Lived Assets	Long-Lived Assets The Company periodically evaluates the net realizable values of long-lived assets, principally identifiable intangibles and capital assets, for potential impairment when events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable, as determined based on the estimated future undiscounted cash flows. If such assets were considered to be impaired, the carrying value of the related assets would be reduced to their estimated fair value.
Income Taxes	Income Taxes Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial reporting and tax bases of assets and liabilities and available net operating loss carry forwards. A valuation allowance is established to reduce tax assets if it is more likely than not that all or some portions of such tax assets will not be realized. The Company’s valuation allowance was recorded on the deferred tax assets to provide for a reasonable provision, which in the Company’s estimation is more likely than not that all or some portions of such tax assets will not be realized. In determining the adequacy of the valuation allowance, the Company applied the authoritative guidance, and considered such factors as (i) which subsidiaries were producing income and which subsidiaries were producing losses and (ii) temporary differences occurring from depreciation and amortization which the Company expects to increase the taxable income over future periods. The Company follows the guidance concerning accounting for uncertainty in income taxes, which clarifies the accounting and disclosure for uncertainty in tax positions. The guidance requires that the Company determine whether it is more likely than not that a tax position will not be sustained upon examination by the appropriate taxing authority. If a tax position does not meet the more likely than not recognition criterion, the guidance requires that the tax position be measured at the largest amount of benefit greater than 50 percent not likely of being sustained upon ultimate settlement. Based on the Company’s evaluation, management has concluded that there are no significant uncertain tax positions requiring recognition in the consolidated financial statements or adjustments to deferred tax assets and related valuation allowance. Open tax years include the tax years ended January 21, 2011 through November 30, 2014. The Company from time to time has been assessed interest or penalties by major tax jurisdictions, however such assessments historically have been minimal and immaterial to our financial results. If the Company receives an assessment for interest and/or penalties, it would be classified in the consolidated financial statements as general and administrative expense.
Revenue Recognition	Revenue Recognition The Company recognizes non-contract revenue when it is realized and earned. The Company considers non-contract revenue realized or realizable and earned when it has persuasive evidence of an arrangement, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Delivery is not considered to have occurred until products have been shipped and risk of loss and ownership has transferred to the client. Revenue from production-type contracts, which represents less than one per cent of total revenue, is recognized using the percentage of completion method. The degree of completion is determined based on costs incurred, excluding costs that are not representative of progress to completion, as a percentage of total costs anticipated for each contract. A provision is made for losses on contracts in progress when such losses first become known. Revisions in cost and profit estimates, which can be significant, are reflected in the accounting period in which the relevant facts become known. Revenue from contracts under the percentage of completion method is not significant to the financial statements.
Deferred Revenue	Deferred Revenue The Company defers revenue when payment is received in advance of the service or product being shipped or delivered. For some of the larger government contracts, the Company will bill upon meeting certain milestones. These milestones are established by the customer and are specific to each contract. Unearned revenue is recorded as deferred revenue. The Company recognizes revenue on these larger government contracts when items are shipped or upon agreed milestones.
Research and Development	Research and Development Research and development costs are expensed when incurred.
Stock-Based Compensation	Stock-Based Compensation The Company follows the authoritative guidance for accounting for stock-based compensation. The guidance requires that new, modified and unvested stock-based payment transactions with employees, such as grants of stock options, restricted stock units (“RSUs”) and restricted stock, be recognized in the financial statements based on their fair value at the grant date and recognized as compensation expense over their vesting periods. Stock-based compensation cost for RSUs is measured based on the closing fair market value of the Company’s common stock on the date of grant. The fair value of each option granted is estimated on the grant date using the Black-Scholes option pricing model which takes into account as of the grant date the exercise price and expected life of the option, the current price of the underlying shares and its expected volatility, expected dividends on the shares and the risk-free interest rate for the term of the option.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions The Company’s functional currency is United States dollars and the consolidated financial statements are stated in United States dollars, “the reporting currency.” Integrated operations have been translated from various foreign currencies (Canadian dollars, British Pounds Sterling, Chinese Yuan, Euros, and Mexican Pesos) into United States dollars at the period-end exchange rate for monetary balance sheet items, the historical rate for fixed assets and shareholders’ equity, and the average exchange rate for the year for revenues, expenses, gains and losses. The gains or losses on translation are included as a component of other comprehensive income (loss) for the period.
Financial Instruments	Financial Instruments The fair values of financial instruments including cash and cash equivalents, accounts receivable, accounts payable, and short-term borrowings approximate their carrying values due to the short-term nature of these instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest rate, currency or credit risks arising from its financial instruments. The recorded value of long-term debt approximates the fair value of the debt as the terms and rates approximate market rates. In the ordinary course of business, the Company carries out transactions in various foreign currencies (Canadian Dollars, British Pounds Sterling, Chinese Yuan, Euros, and Mexican Pesos) included in the Company’s cash, accounts receivable, accounts payable, bank indebtedness, as well as a mortgage loan. The translation adjustments related to these accounts have been reflected as a component of comprehensive income. Currently, the Company does not maintain a foreign currency hedging program.
Debt Issuance Costs and Long-term Debt Discounts	Debt Issuance Costs and Long-term Debt Discounts Fees paid to obtain debt financing or amendments under such debt financing are treated as debt issuance costs and are capitalized and amortized over the life of the debt using the effective interest method. These payments are shown as a financing activity on the consolidated statement of cash flows and are shown as other non-current assets in the consolidated balance sheets. The Company may record debt and equity discounts in connection with raising funds through the issuance of convertible notes or equity instruments. These discounts may arise from (i) the receipt of proceeds less than the face value of convertible notes or equity instruments, (ii) beneficial conversion features and/or (iii) recording derivative liabilities related to embedded features. These costs are amortized over the life of the debt to interest expense utilizing the effective interest method. If a conversion of the underlying debt occurs, a proportionate share of the unamortized discount is immediately expensed.
Concentration of Credit Risk	Concentration of Credit Risk The Company maintains cash balances, at times, with financial institutions, which are in excess of amounts insured by the Federal Deposit Insurance Corporation (FDIC), Canadian Deposit Insurance Corporation (CDIC) and Financial Services Compensation Scheme (FSCS in the United Kingdom). Management monitors the soundness of these institutions and has not experienced any collection losses with these institutions. The U.S., Canadian and United Kingdom Governments’ Departments of Defense (directly and through subcontractors) accounts for approximately 46%, 1% and 9% of the Company’s revenues for the nine months ended August 31, 2015 (46%, 3% and 11% for the nine months ended August 31, 2014), respectively. A loss of a significant customer could adversely impact the future operations of the Company.
Earnings (Loss) per Share of Common Stock	Earnings (Loss) per Share of Common Stock Basic earnings per share of common stock is computed by dividing income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share of common stock gives effect to all dilutive potential shares of common stock outstanding during the period. The computation of diluted earnings per share does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on earnings per share (Note 13).
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss), which includes foreign currency translation adjustments, is shown in the Consolidated Statement of Operations and Comprehensive Income (Loss).

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Aug. 31, 2015
Useful Life	Fixed assets are recorded at cost less accumulated depreciation and are depreciated using the straight-line method over the following periods: Straight line basis Buildings and leasehold improvements 5-40 years Computer equipment 3-5 years Furniture and fixtures 5-8 years Machinery and equipment 5-10 years Vehicles 3 years
Intangible Assets Finite Life	Intangible assets that have a finite life are amortized using the following basis over the following periods: Non-compete agreements Straight line over 5 years Computer software Straight line over 3-5 years Customer related intangibles Straight line or the pattern in which the economic benefits are expected to be realized, over an estimated life of 4-15 years Marketing related intangibles The pattern in which the economic benefits are expected to be realized, over an estimated life of 3-10 years Technology related intangibles The pattern in which the economic benefits are expected to be realized, over an estimated life of 10 years

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Aug. 31, 2015
Purchase Consideration Preliminarily Allocation to Assets Acquired and Liabilities Assumed	The purchase consideration was preliminarily allocated to assets acquired and liabilities assumed as follows: (in thousands) Accounts receivable and other current assets $ 5,226 Inventory 12,734 Fixed assets 5,365 Customer, marketing and technology related intangible assets 28,179 Goodwill 33,510 Current liabilities (5,014 ) Total purchase consideration $ 80,000
Fixed Assets Acquired in Acquisition	Fixed assets acquired in this transaction consist of the following: (in thousands) Land $ 750 Buildings and leasehold improvements 2,816 Computer equipment 15 Furniture and fixtures 207 Machinery and equipment 1,577 Total fixed assets acquired $ 5,365
Summary of Combined Results of Operations	The following unaudited pro forma summary presents the combined results of operations as if the Inmet and Weinschel acquisitions described above had occurred at the beginning of the three and nine month periods ended August 31, 2015 and 2014. Three months ended August 31, Nine months ended August 31, 2015 2014 2015 2014 Revenues $ 68,500 $ 67,540 $ 198,230 $ 201,664 Net loss $ (6,688 ) $ (208 ) $ (12,774 ) $ (16,403 ) Net loss per share – basic and diluted $ (0.12 ) $ (0.00 ) $ (0.23 ) $ (0.30 )

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Aug. 31, 2015
Summary of Inventories	Inventories consisted of the following: (in thousands) August 31, November 30, Raw materials $ 36,009 $ 30,509 Work in progress 20,912 16,130 Finished goods 14,521 8,079 Total $ 71,442 $ 54,718

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Aug. 31, 2015
Changes in Goodwill	Changes in the carrying amount of Goodwill were as follows: (in thousands) Balance, November 30, 2014 $ 116,770 Goodwill from Inmet and Weinschel business acquisition (note 4) 33,510 Balance, August 31, 2015 $ 150,280
Schedule of Intangible Assets	Changes in the carrying amount of Intangible assets were as follows: (in thousands) Balance, November 30, 2014 $ 29,848 Intangible assets from Inmet and Weinschel business acquisition (note 4) 28,179 Computer software purchased 509 Less: Amortization (7,504 ) Balance, August 31, 2015 $ 51,032

ACCOUNTS PAYABLE AND ACCRUED 30

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Aug. 31, 2015
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following: (in thousands) August 31, November 30, Trade accounts payable $ 24,237 $ 16,843 Accrued expenses 12,971 6,497 Wage and vacation accrual 5,131 4,567 Total $ 42,339 $ 27,907

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Aug. 31, 2015
Long-Term Debt Obligation	The Company had the following long-term debt obligations: (in thousands) August 31, November 30, Term loans, due February 6, 2018, base rate plus 6.50% interest or LIBOR plus 7.50%, (a) $ 197,746 $ 121,730 Mortgage loan, due 2027, 1.35% above Barclays fixed bank rate (b) 1,025 1,151 Capital leases payable (c) 5,392 5,430 $ 204,163 $ 128,311 Less: Current portion of long-term debt (20,504 ) (10,097 ) Less: Discount and deferred financing charges on term loans (2,803 ) — Long-term portion $ 180,856 $ 118,214 a) On February 6, 2013, the Company refinanced its credit facilities and entered into (i) a credit agreement (the “Term Loan Agreement”) with various lenders and Guggenheim Corporate Funding, LLC, as agent (the “Agent”) that provided for a $165,000 term loan facility and (ii) a credit agreement with various lenders and Wells Fargo Bank, National Association (the “Revolving Loan Agreement”) that provided for a $50,000 asset-based revolving borrowing base credit facility, with a $10,000 subfacility (or the Sterling equivalent) for certain of our United Kingdom subsidiaries, a $10,000 subfacility for letters of credit and a $5,000 subfacility for swingline loans. On February 6, 2013, in connection with entering into the Term Loan Agreement and the Revolving Loan Agreement, the Amended and Restated Credit Agreement, dated as of June 27, 2011, by and among the lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, lead arranger and sole book-runner, which had an outstanding balance of $183,400, was paid off and terminated, which resulted in the write-off of approximately $10,300 of deferred financing costs and note discounts. On May 22, 2013, the Company entered into a First Amendment to the Revolving Loan Agreement that amended certain cash management and reporting requirements. On July 5, 2013 and April 17, 2013, the Company sold its data bus business and its Sensors companies, respectively, and repaid approximately $28,780 and $44,919, respectively, of its term loans from the proceeds of these sales, in accordance with the Term Loan Agreement. In addition, the Company repaid a portion of its term loans using the net proceeds of $739 from the March 14, 2013, sale of certain land and a building in Palm Bay, Florida. On December 31, 2013, the Company repaid $14,200 of its term loans from the proceeds of the Sale/Leaseback (see (c) below) of the Company’s facility located in State College, Pennsylvania. On October 10, 2013, the Company entered into an Amendment No. 1 to the Term Loan Agreement (the “Amendment No. 1”) by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 1, among other things, amends the Term Loan Agreement to reduce the minimum interest coverage ratio, increase the maximum leverage ratio, reduce the interest rate on the term loans and modify the terms of the prepayment premium, which the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans. On March 21, 2014, the Company entered into Amendment No. 2 to the Term Loan Agreement (the “Amendment No. 2”), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 2 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $55,000 (the “Incremental Term Loan Facility”), which Incremental Term Loan Facility is subject to substantially the same terms and conditions, including the applicable interest rate and the maturity date of February 6, 2018, as the $165,000 term loan facility provided upon the initial closing of the Term Loan Agreement. In addition, Amendment No. 2 amended the Term Loan Agreement to reduce the minimum interest coverage ratio and increase the maximum leverage ratio, among other things. The proceeds of the Incremental Term Loan Facility were used (i) to pay in full and terminate the Company’s Revolving Loan Agreement; (ii) to redeem all 26,000 shares of the Company’s Series A Preferred Stock that were outstanding; (iii) to pay fees, costs and expenses associated with the Incremental Term Loan Facility and related transactions; and (iv) for general corporate purposes. This resulted in the write-off of approximately $10,212 of deferred financing costs and note discounts in the quarter ended May 31, 2014. On June 8, 2015, the Company entered into Amendment No. 3 to the Term Loan Agreement (the “Amendment No. 3”), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 3 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $85,000 (the “Second Incremental Term Loan Facility”), increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015, amended the prepayment premiums that the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans, permitted certain additional adjustments to the Company’s consolidated EBITDA for cost savings in connection with the acquisition Inmet and Weinschel and reduced the minimum interest coverage ratio and increased the maximum leverage ratio for certain compliance periods. The proceeds of the Second Incremental Term Loan Facility were primarily used to fund the purchase price for the Inmet and Weinschel acquisition. Term Loan Agreement The term loans incurred pursuant to the Term Loan Agreement, as amended through Amendment No. 2, bore interest, at the Company’s option, at the base rate plus 6.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 7.50% for the first year and at the base rate plus 7.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 10.75% thereafter, with a LIBOR floor of 1.50%. Amendment No. 3 increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015. For purposes of the Term Loan Agreement, the “base rate” means the highest of Wells Fargo Bank, National Association’s prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest is due and payable in arrears monthly for term loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of term loans with interest periods greater than three months) in the case of term loans bearing interest at the adjusted LIBOR rate. Principal payments of the term loans are paid at the end of each of the Company’s fiscal quarters, with the balance of any outstanding term loans due and payable in full on February 6, 2018. The quarterly principal payments will amortize at 1.25% for the fiscal quarters through the end of the Company’s 2014 fiscal year, at 1.875% for the fiscal quarters through the end of the Company’s 2015 fiscal year and at 2.50% for each of the fiscal quarters thereafter. Under certain circumstances, the Company is required to prepay the term loans upon the receipt of cash proceeds of certain asset sales, cash proceeds of certain extraordinary receipts and cash proceeds of certain debt or equity financings, and based on a calculation of annual excess cash flow. Mandatory prepayments resulting from assets sales or certain debt financings may require the payment of certain prepayment premiums. The term loans are secured by a first priority security interest in accounts receivable, inventory, machinery, equipment and certain other personal property relating to the foregoing, and any proceeds from any of the foregoing, subject to certain exceptions and liens, and a first priority security position on substantially all other real and personal property, in each case that are owned by the Company and the subsidiary guarantors. The Term Loan Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the Company and its subsidiaries’ ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a term loan of this size and type. Pursuant to the Term Loan Agreement, the Company is required to maintain compliance with an interest coverage ratio and a leverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights). Revolving Loan Agreement On March 21, 2014, approximately $25,136 of the proceeds of the Incremental Term Loan Facility were used to pay in full and terminate the Company’s Revolving Loan Agreement. The revolving loans incurred pursuant to the Revolving Loan Agreement bore interest, at the Company’s option, at the base rate plus a margin between 1.50% and 2.00% or an adjusted LIBOR rate (based on one, two, three or six-month interest periods) plus a margin between 2.50% and 3.00%, in each case with such margin being determined based on the Company’s average daily excess availability under the revolving credit facility for the preceding fiscal quarter. For purposes of the Revolving Loan Agreement, the “base rate” means the highest of Wells Fargo Bank, National Association’s prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest was due and payable in arrears monthly for revolving loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of loans with interest periods greater than three months) in the case of revolving loans bearing interest at the adjusted LIBOR rate. Principal, together with all accrued and unpaid interest, would have been due and payable on February 6, 2018. The Company was permitted to prepay the revolving loans and terminate the commitments, in whole or in part, at any time without premium or penalty. Under certain circumstances, the Company was required to prepay the revolving loans upon the receipt of cash proceeds of certain asset sales. All borrowings under the Revolving Loan Agreement were limited by amounts available pursuant to a borrowing base calculation, which was based on percentages of eligible accounts receivable, inventory, machinery and equipment, in each case subject to reductions for applicable reserves. The Revolving Loan Agreement contained customary affirmative and negative covenants, including covenants that limited or restricted the Company and its subsidiaries’ ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a credit facility of this size and type. Pursuant to the Revolving Loan Agreement, the Company was also required to maintain compliance with a fixed charge coverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights) at such times that it failed to maintain excess availability under the revolving credit facility above a specified level. b) A subsidiary of the Company in the United Kingdom entered into a 20 year term mortgage agreement in 2007, under which interest is charged at a margin of 1.35% over Barclays Fixed Base Rate of 0.5% at August 31, 2015. The mortgage is secured by the subsidiary’s assets. c) On December 31, 2013, the Company completed the sale and leaseback (the “Sale/Leaseback”) of the Company’s facility located in State College, Pennsylvania. The Company sold the facility to an unaffiliated third party for a gross purchase price of approximately $15,500 and will lease the property from the buyer for approximately $1,279 per year, subject to annual adjustments. As a result of this transaction the Company initially recorded a capital lease obligation of $5,225. The gain on the sale has been deferred and is being recognized over the 15 year lease term.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Aug. 31, 2015
Fair Value of Options Granted Using Black-Scholes Option Pricing Model	The fair value of each option grant is estimated at the grant date using the Black-Scholes option-pricing model based on the weighted average assumptions detailed below: August 31, August 31, Expected volatility 73.2 % 70.2 % Expected dividends 0 % 0 % Expected term 9.3 years 6 years Risk-free rate 1.47 % 1.58 %
Summary of Common Stock Option Activity	The summary of the common stock options granted, cancelled, exchanged or exercised under the Plan: Options Weighted Stock Options outstanding— November 30, 2013 1,848,485 $ 4.98 Less forfeited (765,175 ) $ 4.90 Exercised — $ — Issued 245,000 $ 2.23 Stock Options outstanding—November 30, 2014 1,328,310 $ 4.52 Less forfeited (33,183 ) $ 4.60 Exercised — $ — Issued 567,500 $ 1.89 Stock Options outstanding— August 31, 2015 1,862,627 $ 3.72 Stock Options exercisable— August 31, 2015 1,126,378 $ 5.01
Restricted Stock Unit Activity	Restricted stock unit activity under the 2006 Equity Compensation Plan is presented below: Units Weighted RSUs outstanding— November 30, 2013 81,667 $ 3.72 RSUs Issued 15,000 $ 2.37 Vested—Stock issued (48,333 ) $ 3.72 RSUs outstanding—November 30, 2014 48,334 $ 3.30 RSUs Issued 242,000 $ 1.90 Vested—Stock issued (43,334 ) $ 3.72 RSUs outstanding— August 31, 2015 247,000 $ 1.90 RSUs vested— August 31, 2015 5,000 $ 2.37
Restricted Stock Units and Options Activity Range of Exercise Price	RSUs and Options Outstanding RSUs Vested and Options Exercisable Range of Exercise Price Number Weighted Weighted Aggregate Number Weighted Aggregate $0.00 – $ 3.55 1,444,500 $ 2.06 7.04 $ 913 471,667 $ 3.28 $ — $3.56 – $ 4.99 27,084 $ 3.56 5.15 $ — 21,668 $ 3.56 $ — $5.00 – $ 6.99 632,209 $ 5.96 5.09 $ — 632,209 $ 5.96 $ — $7.00 – $ 20.00 5,834 $ 14.07 1.74 $ — 5,834 $ 14.07 $ — 2,109,627 6.42 $ 913 1,131,378 $ —

SUPPLEMENTAL CASH FLOW INFORM33

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	9 Months Ended
	Aug. 31, 2015
Supplemental Cash Flow Information	Supplemental cash flow information: (in thousands) Nine months ended August 31, August 31, Supplemental Cash Flow Information Cash paid for income taxes $ 1,210 $ 683 Cash paid for interest $ 9,272 $ 6,253 Capital lease obligation $ — $ 5,225 Deferred gain on Sale/Leaseback (note 9c) $ 7,937 $ 8,532

EARNINGS PER SHARE OF COMMON 34

EARNINGS PER SHARE OF COMMON STOCK (Tables)	9 Months Ended
	Aug. 31, 2015
Computation of Weighted Average Shares Outstanding	The following table sets forth the computation of weighted-average shares outstanding for calculating basic and diluted earnings per share (EPS): Three months ended Nine months ended 2015 2014 2015 2014 Weighted average shares-basic 55,489,938 55,461,217 55,474,617 55,444,759 Effect of dilutive securities * * * * Weighted average shares—diluted 55,489,938 55,461,217 55,474,617 55,444,759 * Outstanding options and RSUs aggregating 2,109,627 incremental shares at August 31, 2015 (1,535,169 at August 31, 2014), and 892,862 warrants at August 31, 2014, have been excluded from the August 31, 2015 and 2014 computations of diluted EPS as they are anti-dilutive due to the losses generated in each respective period.

RESTRUCTURING CHARGES RELATED35

RESTRUCTURING CHARGES RELATED TO CONSOLIDATION OF OPERATIONS (Tables)	9 Months Ended
	Aug. 31, 2015
Summary of Charges Related to EMS Restructuring Activities by Type of Cost	The following tables summarize the charges related to EMS restructuring activities by type of cost: EMS Salary and related charges $ 591 Inventory write-down 7,401 Fixed asset impairment 865 Lease impairment 3,672 Accumulated restructuring charges at November 30, 2012 12,529 Cash payments (591 ) Non-cash charges (10,222 ) Balance – Lease impairment accrual, August 31, 2015 $ 1,716

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Aug. 31, 2015
Schedule of Segment Reporting Information, by Segment	Three months ended August 31, 2015 (in thousands) SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 47,609 $ 5,004 $ 15,380 $ — $ — $ 67,993 Adjusted EBITDA: 6,913 1,320 1,687 — — 9,920 Acquisition related charges 405 Restructuring 190 Depreciation and amortization 5,494 Interest expense, net 4,880 Amortization of note discounts and deferred financing costs 355 Other adjustments * 4,253 Loss before income taxes $ (5,657 ) Segment assets—as at August 31, 2015 $ 317,120 $ 10,543 $ 26,477 $ 3,413 $ — $ 357,553 Goodwill included in assets—as at August 31, 2015 $ 147,811 $ — $ 2,469 $ — $ — $ 150,280 Purchase of fixed assets, to August 31, 2015 $ 357 $ 6 $ 8 $ — $ — $ 371 Three months ended August 31, 2014 (in thousands) SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 41,877 $ 6,230 $ 8,817 $ — $ — $ 56,924 Adjusted EBITDA: 7,133 1,014 (388 ) — — 7,759 Acquisition related charges 190 Restructuring 497 Depreciation and amortization 4,029 Interest expense, net 3,289 Amortization of note discounts and deferred financing costs 24 Other adjustments * 334 Loss before income taxes $ (604 ) 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 August 31, 2014 $ 593 $ 83 $ 76 $ — $ — $ 752 Nine months ended August 31, 2015 (in thousands) SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 123,212 $ 14,547 $ 33,365 $ — $ — $ 171,124 Adjusted EBITDA: 15,660 2,677 1,482 — — 19,819 Acquisition related charges 795 Restructuring 1,969 Depreciation and amortization 11,966 Interest expense, net 11,099 Amortization of note discounts and deferred financing costs 401 Other adjustments * 5,190 Loss before income taxes $ (11,601 ) Purchase of fixed assets, to August 31, 2015 $ 809 $ 27 $ 161 $ — $ — $ 997 Nine months ended August 31, 2014 (in thousands) SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 120,809 $ 16,692 $ 31,510 $ — $ — $ 169,011 Adjusted EBITDA: 16,082 2,624 (171 ) — — 18,535 Acquisition related charges 375 Restructuring 1,945 Depreciation and amortization 12,269 Interest expense, net 8,586 Amortization of note discounts and deferred financing costs 10,916 Other adjustments * 1,488 Loss before income taxes $ (17,044 ) Purchase of fixed assets, to August 31, 2014 $ 1,280 $ 105 $ 213 $ — $ — $ 1,598 * Other adjustments primarily include non-cash inventory provisions and charges related to Inmet and Weinschel purchase accounting, contingency accruals, 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.

Nature of Business and Basis 37

Nature of Business and Basis of Presentation - Additional Information (Detail) - USD ($) $ in Thousands		Jun. 08, 2015	Aug. 31, 2015	Nov. 30, 2014
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Acquisition of term loan	[1]		$ 197,746	$ 121,730
Cobham Plc
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Total purchase price		$ 80,000
Business years of service		40 years
Acquisition of term loan		$ 85,000
[1]	On February 6, 2013, the Company refinanced its credit facilities and entered into (i) a credit agreement (the "Term Loan Agreement") with various lenders and Guggenheim Corporate Funding, LLC, as agent (the "Agent") that provided for a $165,000 term loan facility and (ii) a credit agreement with various lenders and Wells Fargo Bank, National Association (the "Revolving Loan Agreement") that provided for a $50,000 asset-based revolving borrowing base credit facility, with a $10,000 subfacility (or the Sterling equivalent) for certain of our United Kingdom subsidiaries, a $10,000 subfacility for letters of credit and a $5,000 subfacility for swingline loans. On February 6, 2013, in connection with entering into the Term Loan Agreement and the Revolving Loan Agreement, the Amended and Restated Credit Agreement, dated as of June 27, 2011, by and among the lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, lead arranger and sole book-runner, which had an outstanding balance of $183,400, was paid off and terminated, which resulted in the write-off of approximately $10,300 of deferred financing costs and note discounts. On May 22, 2013, the Company entered into a First Amendment to the Revolving Loan Agreement that amended certain cash management and reporting requirements. On July 5, 2013 and April 17, 2013, the Company sold its data bus business and its Sensors companies, respectively, and repaid approximately $28,780 and $44,919, respectively, of its term loans from the proceeds of these sales, in accordance with the Term Loan Agreement. In addition, the Company repaid a portion of its term loans using the net proceeds of $739 from the March 14, 2013, sale of certain land and a building in Palm Bay, Florida. On December 31, 2013, the Company repaid $14,200 of its term loans from the proceeds of the Sale/Leaseback (see (c) below) of the Company's facility located in State College, Pennsylvania. On October 10, 2013, the Company entered into an Amendment No. 1 to the Term Loan Agreement (the "Amendment No. 1") by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 1, among other things, amends the Term Loan Agreement to reduce the minimum interest coverage ratio, increase the maximum leverage ratio, reduce the interest rate on the term loans and modify the terms of the prepayment premium, which the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans. On March 21, 2014, the Company entered into Amendment No. 2 to the Term Loan Agreement (the "Amendment No. 2"), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 2 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $55,000 (the "Incremental Term Loan Facility"), which Incremental Term Loan Facility is subject to substantially the same terms and conditions, including the applicable interest rate and the maturity date of February 6, 2018, as the $165,000 term loan facility provided upon the initial closing of the Term Loan Agreement. In addition, Amendment No. 2 amended the Term Loan Agreement to reduce the minimum interest coverage ratio and increase the maximum leverage ratio, among other things. The proceeds of the Incremental Term Loan Facility were used (i) to pay in full and terminate the Company's Revolving Loan Agreement; (ii) to redeem all 26,000 shares of the Company's Series A Preferred Stock that were outstanding; (iii) to pay fees, costs and expenses associated with the Incremental Term Loan Facility and related transactions; and (iv) for general corporate purposes. This resulted in the write-off of approximately $10,212 of deferred financing costs and note discounts in the quarter ended May 31, 2014. On June 8, 2015, the Company entered into Amendment No. 3 to the Term Loan Agreement (the "Amendment No. 3"), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 3 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $85,000 (the "Second Incremental Term Loan Facility"), increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015, amended the prepayment premiums that the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans, permitted certain additional adjustments to the Company's consolidated EBITDA for cost savings in connection with the acquisition Inmet and Weinschel and reduced the minimum interest coverage ratio and increased the maximum leverage ratio for certain compliance periods. The proceeds of the Second Incremental Term Loan Facility were primarily used to fund the purchase price for the Inmet and Weinschel acquisition. Term Loan Agreement The term loans incurred pursuant to the Term Loan Agreement, as amended through Amendment No. 2, bore interest, at the Company's option, at the base rate plus 6.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 7.50% for the first year and at the base rate plus 7.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 10.75% thereafter, with a LIBOR floor of 1.50%. Amendment No. 3 increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015. For purposes of the Term Loan Agreement, the "base rate" means the highest of Wells Fargo Bank, National Association's prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest is due and payable in arrears monthly for term loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of term loans with interest periods greater than three months) in the case of term loans bearing interest at the adjusted LIBOR rate. Principal payments of the term loans are paid at the end of each of the Company's fiscal quarters, with the balance of any outstanding term loans due and payable in full on February 6, 2018. The quarterly principal payments will amortize at 1.25% for the fiscal quarters through the end of the Company's 2014 fiscal year, at 1.875% for the fiscal quarters through the end of the Company's 2015 fiscal year and at 2.50% for each of the fiscal quarters thereafter. Under certain circumstances, the Company is required to prepay the term loans upon the receipt of cash proceeds of certain asset sales, cash proceeds of certain extraordinary receipts and cash proceeds of certain debt or equity financings, and based on a calculation of annual excess cash flow. Mandatory prepayments resulting from assets sales or certain debt financings may require the payment of certain prepayment premiums. The term loans are secured by a first priority security interest in accounts receivable, inventory, machinery, equipment and certain other personal property relating to the foregoing, and any proceeds from any of the foregoing, subject to certain exceptions and liens, and a first priority security position on substantially all other real and personal property, in each case that are owned by the Company and the subsidiary guarantors. The Term Loan Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the Company and its subsidiaries' ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a term loan of this size and type. Pursuant to the Term Loan Agreement, the Company is required to maintain compliance with an interest coverage ratio and a leverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights). Revolving Loan Agreement On March 21, 2014, approximately $25,136 of the proceeds of the Incremental Term Loan Facility were used to pay in full and terminate the Company's Revolving Loan Agreement. The revolving loans incurred pursuant to the Revolving Loan Agreement bore interest, at the Company's option, at the base rate plus a margin between 1.50% and 2.00% or an adjusted LIBOR rate (based on one, two, three or six-month interest periods) plus a margin between 2.50% and 3.00%, in each case with such margin being determined based on the Company's average daily excess availability under the revolving credit facility for the preceding fiscal quarter. For purposes of the Revolving Loan Agreement, the "base rate" means the highest of Wells Fargo Bank, National Association's prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest was due and payable in arrears monthly for revolving loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of loans with interest periods greater than three months) in the case of revolving loans bearing interest at the adjusted LIBOR rate. Principal, together with all accrued and unpaid interest, would have been due and payable on February 6, 2018. The Company was permitted to prepay the revolving loans and terminate the commitments, in whole or in part, at any time without premium or penalty. Under certain circumstances, the Company was required to prepay the revolving loans upon the receipt of cash proceeds of certain asset sales. All borrowings under the Revolving Loan Agreement were limited by amounts available pursuant to a borrowing base calculation, which was based on percentages of eligible accounts receivable, inventory, machinery and equipment, in each case subject to reductions for applicable reserves. The Revolving Loan Agreement contained customary affirmative and negative covenants, including covenants that limited or restricted the Company and its subsidiaries' ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a credit facility of this size and type. Pursuant to the Revolving Loan Agreement, the Company was also required to maintain compliance with a fixed charge coverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights) at such times that it failed to maintain excess availability under the revolving credit facility above a specified level.

Fixed Assets Depreciation Perio

Fixed Assets Depreciation Period (Detail)	9 Months Ended
	Aug. 31, 2015
Minimum | Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Useful life	5 years
Minimum | Computer equipment
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum | Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful life	5 years
Minimum | Machinery and equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years
Maximum | Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Useful life	40 years
Maximum | Computer equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years
Maximum | Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful life	8 years
Maximum | Machinery and equipment
Property, Plant and Equipment [Line Items]
Useful life	10 years
Maximum | Vehicles
Property, Plant and Equipment [Line Items]
Useful life	3 years

Amortization Period of Finite L

Amortization Period of Finite Lived Intangible Assets (Detail)	9 Months Ended
	Aug. 31, 2015
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Amortization period of finite lived intangible assets	5 years
Finite lived intangible assets amortization method	Straight line over 5 years
Computer Software, Intangible Asset
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets amortization method	Straight line over 3-5 years
Computer Software, Intangible Asset | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization period of finite lived intangible assets	3 years
Computer Software, Intangible Asset | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization period of finite lived intangible assets	5 years
Customer Related Intangibles
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets amortization method	Straight line or the pattern in which the economic benefits are expected to be realized, over an estimated life of 4-15 years
Customer Related Intangibles | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization period of finite lived intangible assets	4 years
Customer Related Intangibles | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization period of finite lived intangible assets	15 years
Marketing Related Intangibles
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets amortization method	The pattern in which the economic benefits are expected to be realized, over an estimated life of 3-10 years
Marketing Related Intangibles | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization period of finite lived intangible assets	3 years
Marketing Related Intangibles | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization period of finite lived intangible assets	10 years
Technology Related Intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization period of finite lived intangible assets	10 years
Finite lived intangible assets amortization method	The pattern in which the economic benefits are expected to be realized, over an estimated life of 10 years

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Additional Information (Detail)	9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Income tax position rate	50.00%
Customer Concentration Risk | Revenues | UNITED STATES
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	46.00%	46.00%
Customer Concentration Risk | Revenues | CANADA
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	1.00%	3.00%
Customer Concentration Risk | Revenues | UNITED KINGDOM
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	9.00%	11.00%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands		Jun. 08, 2015	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	Nov. 30, 2014
Business Acquisition [Line Items]
Acquisition of term loan	[1]		$ 197,746		$ 197,746		$ 121,730
Cost incurred in acquisition			405	$ 190	795	$ 375
Cobham Plc
Business Acquisition [Line Items]
Total purchase price		$ 80,000
Business years of service		40 years
Acquisition of term loan		$ 85,000
Revenue			10,902
Net income (loss)			$ (207)
Cobham Plc | Operating Expenses
Business Acquisition [Line Items]
Cost incurred in acquisition					$ 431
Minimum
Business Acquisition [Line Items]
Intangible assets, estimated lives					4 years
Maximum
Business Acquisition [Line Items]
Intangible assets, estimated lives					12 years
[1]	On February 6, 2013, the Company refinanced its credit facilities and entered into (i) a credit agreement (the "Term Loan Agreement") with various lenders and Guggenheim Corporate Funding, LLC, as agent (the "Agent") that provided for a $165,000 term loan facility and (ii) a credit agreement with various lenders and Wells Fargo Bank, National Association (the "Revolving Loan Agreement") that provided for a $50,000 asset-based revolving borrowing base credit facility, with a $10,000 subfacility (or the Sterling equivalent) for certain of our United Kingdom subsidiaries, a $10,000 subfacility for letters of credit and a $5,000 subfacility for swingline loans. On February 6, 2013, in connection with entering into the Term Loan Agreement and the Revolving Loan Agreement, the Amended and Restated Credit Agreement, dated as of June 27, 2011, by and among the lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, lead arranger and sole book-runner, which had an outstanding balance of $183,400, was paid off and terminated, which resulted in the write-off of approximately $10,300 of deferred financing costs and note discounts. On May 22, 2013, the Company entered into a First Amendment to the Revolving Loan Agreement that amended certain cash management and reporting requirements. On July 5, 2013 and April 17, 2013, the Company sold its data bus business and its Sensors companies, respectively, and repaid approximately $28,780 and $44,919, respectively, of its term loans from the proceeds of these sales, in accordance with the Term Loan Agreement. In addition, the Company repaid a portion of its term loans using the net proceeds of $739 from the March 14, 2013, sale of certain land and a building in Palm Bay, Florida. On December 31, 2013, the Company repaid $14,200 of its term loans from the proceeds of the Sale/Leaseback (see (c) below) of the Company's facility located in State College, Pennsylvania. On October 10, 2013, the Company entered into an Amendment No. 1 to the Term Loan Agreement (the "Amendment No. 1") by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 1, among other things, amends the Term Loan Agreement to reduce the minimum interest coverage ratio, increase the maximum leverage ratio, reduce the interest rate on the term loans and modify the terms of the prepayment premium, which the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans. On March 21, 2014, the Company entered into Amendment No. 2 to the Term Loan Agreement (the "Amendment No. 2"), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 2 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $55,000 (the "Incremental Term Loan Facility"), which Incremental Term Loan Facility is subject to substantially the same terms and conditions, including the applicable interest rate and the maturity date of February 6, 2018, as the $165,000 term loan facility provided upon the initial closing of the Term Loan Agreement. In addition, Amendment No. 2 amended the Term Loan Agreement to reduce the minimum interest coverage ratio and increase the maximum leverage ratio, among other things. The proceeds of the Incremental Term Loan Facility were used (i) to pay in full and terminate the Company's Revolving Loan Agreement; (ii) to redeem all 26,000 shares of the Company's Series A Preferred Stock that were outstanding; (iii) to pay fees, costs and expenses associated with the Incremental Term Loan Facility and related transactions; and (iv) for general corporate purposes. This resulted in the write-off of approximately $10,212 of deferred financing costs and note discounts in the quarter ended May 31, 2014. On June 8, 2015, the Company entered into Amendment No. 3 to the Term Loan Agreement (the "Amendment No. 3"), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 3 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $85,000 (the "Second Incremental Term Loan Facility"), increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015, amended the prepayment premiums that the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans, permitted certain additional adjustments to the Company's consolidated EBITDA for cost savings in connection with the acquisition Inmet and Weinschel and reduced the minimum interest coverage ratio and increased the maximum leverage ratio for certain compliance periods. The proceeds of the Second Incremental Term Loan Facility were primarily used to fund the purchase price for the Inmet and Weinschel acquisition. Term Loan Agreement The term loans incurred pursuant to the Term Loan Agreement, as amended through Amendment No. 2, bore interest, at the Company's option, at the base rate plus 6.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 7.50% for the first year and at the base rate plus 7.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 10.75% thereafter, with a LIBOR floor of 1.50%. Amendment No. 3 increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015. For purposes of the Term Loan Agreement, the "base rate" means the highest of Wells Fargo Bank, National Association's prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest is due and payable in arrears monthly for term loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of term loans with interest periods greater than three months) in the case of term loans bearing interest at the adjusted LIBOR rate. Principal payments of the term loans are paid at the end of each of the Company's fiscal quarters, with the balance of any outstanding term loans due and payable in full on February 6, 2018. The quarterly principal payments will amortize at 1.25% for the fiscal quarters through the end of the Company's 2014 fiscal year, at 1.875% for the fiscal quarters through the end of the Company's 2015 fiscal year and at 2.50% for each of the fiscal quarters thereafter. Under certain circumstances, the Company is required to prepay the term loans upon the receipt of cash proceeds of certain asset sales, cash proceeds of certain extraordinary receipts and cash proceeds of certain debt or equity financings, and based on a calculation of annual excess cash flow. Mandatory prepayments resulting from assets sales or certain debt financings may require the payment of certain prepayment premiums. The term loans are secured by a first priority security interest in accounts receivable, inventory, machinery, equipment and certain other personal property relating to the foregoing, and any proceeds from any of the foregoing, subject to certain exceptions and liens, and a first priority security position on substantially all other real and personal property, in each case that are owned by the Company and the subsidiary guarantors. The Term Loan Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the Company and its subsidiaries' ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a term loan of this size and type. Pursuant to the Term Loan Agreement, the Company is required to maintain compliance with an interest coverage ratio and a leverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights). Revolving Loan Agreement On March 21, 2014, approximately $25,136 of the proceeds of the Incremental Term Loan Facility were used to pay in full and terminate the Company's Revolving Loan Agreement. The revolving loans incurred pursuant to the Revolving Loan Agreement bore interest, at the Company's option, at the base rate plus a margin between 1.50% and 2.00% or an adjusted LIBOR rate (based on one, two, three or six-month interest periods) plus a margin between 2.50% and 3.00%, in each case with such margin being determined based on the Company's average daily excess availability under the revolving credit facility for the preceding fiscal quarter. For purposes of the Revolving Loan Agreement, the "base rate" means the highest of Wells Fargo Bank, National Association's prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest was due and payable in arrears monthly for revolving loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of loans with interest periods greater than three months) in the case of revolving loans bearing interest at the adjusted LIBOR rate. Principal, together with all accrued and unpaid interest, would have been due and payable on February 6, 2018. The Company was permitted to prepay the revolving loans and terminate the commitments, in whole or in part, at any time without premium or penalty. Under certain circumstances, the Company was required to prepay the revolving loans upon the receipt of cash proceeds of certain asset sales. All borrowings under the Revolving Loan Agreement were limited by amounts available pursuant to a borrowing base calculation, which was based on percentages of eligible accounts receivable, inventory, machinery and equipment, in each case subject to reductions for applicable reserves. The Revolving Loan Agreement contained customary affirmative and negative covenants, including covenants that limited or restricted the Company and its subsidiaries' ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a credit facility of this size and type. Pursuant to the Revolving Loan Agreement, the Company was also required to maintain compliance with a fixed charge coverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights) at such times that it failed to maintain excess availability under the revolving credit facility above a specified level.

Purchase Consideration Prelimin

Purchase Consideration Preliminarily Allocation to Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Jun. 08, 2015	Nov. 30, 2014	Aug. 31, 2014
Business Acquisition [Line Items]
Fixed assets		$ 5,365
Goodwill	$ 150,280		$ 116,770	$ 116,770
Cobham Plc
Business Acquisition [Line Items]
Accounts receivable and other current assets		5,226
Inventory		12,734
Fixed assets		5,365
Customer, marketing and technology related intangible assets		28,179
Goodwill		33,510
Current liabilities		(5,014)
Total purchase consideration		$ 80,000

Fixed Assets Acquired in Acquis

Fixed Assets Acquired in Acquisition (Detail) $ in Thousands	Jun. 08, 2015USD ($)
Business Acquisition [Line Items]
Land	$ 750
Buildings and leasehold improvements	2,816
Total fixed assets acquired	5,365
Computer equipment
Business Acquisition [Line Items]
Business equipment	15
Furniture and fixtures
Business Acquisition [Line Items]
Business equipment	207
Machinery and equipment
Business Acquisition [Line Items]
Business equipment	$ 1,577

Summary of Combined Result of O

Summary of Combined Result of Operations Due to Business Acquisitions (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Business Acquisition [Line Items]
Revenues	$ 68,500	$ 67,540	$ 198,230	$ 201,664
Net loss	$ (6,688)	$ (208)	$ (12,774)	$ (16,403)
Net loss per share - basic and diluted	$ (0.12)	$ 0	$ (0.23)	$ (0.30)

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Nov. 30, 2014
Inventory [Line Items]
Raw materials	$ 36,009	$ 30,509
Work in progress	20,912	16,130
Finished goods	14,521	8,079
Total	$ 71,442	$ 54,718

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Nov. 30, 2014
Inventory [Line Items]
Inventory reserves	$ 10,870	$ 8,990

Changes in Goodwill (Detail)

Changes in Goodwill (Detail) $ in Thousands	9 Months Ended
	Aug. 31, 2015USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 116,770
Goodwill, ending balance	150,280
Cobham Plc
Goodwill [Line Items]
Goodwill from Inmet and Weinschel business acquisition (note 4)	$ 33,510

Changes in Carrying Amount of I

Changes in Carrying Amount of Intangible Assets (Detail) $ in Thousands	9 Months Ended
	Aug. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
Balance, November 30, 2014	$ 29,848
Computer software purchased	509
Less: Amortization	(7,504)
Balance, August 31, 2015	51,032
Cobham Plc
Finite-Lived Intangible Assets [Line Items]
Intangible assets from Inmet and Weinschel business acquisition (note 4)	$ 28,179

Short Term Debt - Additional In

Short Term Debt - Additional Information (Detail) - Aug. 31, 2015 £ in Thousands, $ in Thousands	USD ($)	GBP (£)
UNITED KINGDOM
Debt [Line Items]
Credit facility for subsidiary	$ 385	£ 250

Accounts Payable and Accrued 50

Accounts Payable and Accrued Expenses (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Nov. 30, 2014
Accounts Payable [Line Items]
Trade accounts payable	$ 24,237	$ 16,843
Accrued expenses	12,971	6,497
Wage and vacation accrual	5,131	4,567
Total	$ 42,339	$ 27,907

Long-Term Debt Obligations (Det

Long-Term Debt Obligations (Detail) - USD ($) $ in Thousands		Aug. 31, 2015	Nov. 30, 2014
Debt Instrument [Line Items]
Term loans, due February 6, 2018, base rate plus 6.50% interest or LIBOR plus 7.50%,	[1]	$ 197,746	$ 121,730
Mortgage loan, due 2027, 1.35% above Barclays fixed bank rate	[2]	1,025	1,151
Capital leases payable	[3]	5,392	5,430
Total Loans		204,163	128,311
Less: Current portion of long-term debt		(20,504)	(10,097)
Less: Discount and deferred financing charges on term loans		(2,803)	0
Long-term portion		$ 180,856	$ 118,214
[1]	On February 6, 2013, the Company refinanced its credit facilities and entered into (i) a credit agreement (the "Term Loan Agreement") with various lenders and Guggenheim Corporate Funding, LLC, as agent (the "Agent") that provided for a $165,000 term loan facility and (ii) a credit agreement with various lenders and Wells Fargo Bank, National Association (the "Revolving Loan Agreement") that provided for a $50,000 asset-based revolving borrowing base credit facility, with a $10,000 subfacility (or the Sterling equivalent) for certain of our United Kingdom subsidiaries, a $10,000 subfacility for letters of credit and a $5,000 subfacility for swingline loans. On February 6, 2013, in connection with entering into the Term Loan Agreement and the Revolving Loan Agreement, the Amended and Restated Credit Agreement, dated as of June 27, 2011, by and among the lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, lead arranger and sole book-runner, which had an outstanding balance of $183,400, was paid off and terminated, which resulted in the write-off of approximately $10,300 of deferred financing costs and note discounts. On May 22, 2013, the Company entered into a First Amendment to the Revolving Loan Agreement that amended certain cash management and reporting requirements. On July 5, 2013 and April 17, 2013, the Company sold its data bus business and its Sensors companies, respectively, and repaid approximately $28,780 and $44,919, respectively, of its term loans from the proceeds of these sales, in accordance with the Term Loan Agreement. In addition, the Company repaid a portion of its term loans using the net proceeds of $739 from the March 14, 2013, sale of certain land and a building in Palm Bay, Florida. On December 31, 2013, the Company repaid $14,200 of its term loans from the proceeds of the Sale/Leaseback (see (c) below) of the Company's facility located in State College, Pennsylvania. On October 10, 2013, the Company entered into an Amendment No. 1 to the Term Loan Agreement (the "Amendment No. 1") by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 1, among other things, amends the Term Loan Agreement to reduce the minimum interest coverage ratio, increase the maximum leverage ratio, reduce the interest rate on the term loans and modify the terms of the prepayment premium, which the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans. On March 21, 2014, the Company entered into Amendment No. 2 to the Term Loan Agreement (the "Amendment No. 2"), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 2 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $55,000 (the "Incremental Term Loan Facility"), which Incremental Term Loan Facility is subject to substantially the same terms and conditions, including the applicable interest rate and the maturity date of February 6, 2018, as the $165,000 term loan facility provided upon the initial closing of the Term Loan Agreement. In addition, Amendment No. 2 amended the Term Loan Agreement to reduce the minimum interest coverage ratio and increase the maximum leverage ratio, among other things. The proceeds of the Incremental Term Loan Facility were used (i) to pay in full and terminate the Company's Revolving Loan Agreement; (ii) to redeem all 26,000 shares of the Company's Series A Preferred Stock that were outstanding; (iii) to pay fees, costs and expenses associated with the Incremental Term Loan Facility and related transactions; and (iv) for general corporate purposes. This resulted in the write-off of approximately $10,212 of deferred financing costs and note discounts in the quarter ended May 31, 2014. On June 8, 2015, the Company entered into Amendment No. 3 to the Term Loan Agreement (the "Amendment No. 3"), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 3 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $85,000 (the "Second Incremental Term Loan Facility"), increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015, amended the prepayment premiums that the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans, permitted certain additional adjustments to the Company's consolidated EBITDA for cost savings in connection with the acquisition Inmet and Weinschel and reduced the minimum interest coverage ratio and increased the maximum leverage ratio for certain compliance periods. The proceeds of the Second Incremental Term Loan Facility were primarily used to fund the purchase price for the Inmet and Weinschel acquisition. Term Loan Agreement The term loans incurred pursuant to the Term Loan Agreement, as amended through Amendment No. 2, bore interest, at the Company's option, at the base rate plus 6.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 7.50% for the first year and at the base rate plus 7.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 10.75% thereafter, with a LIBOR floor of 1.50%. Amendment No. 3 increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015. For purposes of the Term Loan Agreement, the "base rate" means the highest of Wells Fargo Bank, National Association's prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest is due and payable in arrears monthly for term loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of term loans with interest periods greater than three months) in the case of term loans bearing interest at the adjusted LIBOR rate. Principal payments of the term loans are paid at the end of each of the Company's fiscal quarters, with the balance of any outstanding term loans due and payable in full on February 6, 2018. The quarterly principal payments will amortize at 1.25% for the fiscal quarters through the end of the Company's 2014 fiscal year, at 1.875% for the fiscal quarters through the end of the Company's 2015 fiscal year and at 2.50% for each of the fiscal quarters thereafter. Under certain circumstances, the Company is required to prepay the term loans upon the receipt of cash proceeds of certain asset sales, cash proceeds of certain extraordinary receipts and cash proceeds of certain debt or equity financings, and based on a calculation of annual excess cash flow. Mandatory prepayments resulting from assets sales or certain debt financings may require the payment of certain prepayment premiums. The term loans are secured by a first priority security interest in accounts receivable, inventory, machinery, equipment and certain other personal property relating to the foregoing, and any proceeds from any of the foregoing, subject to certain exceptions and liens, and a first priority security position on substantially all other real and personal property, in each case that are owned by the Company and the subsidiary guarantors. The Term Loan Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the Company and its subsidiaries' ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a term loan of this size and type. Pursuant to the Term Loan Agreement, the Company is required to maintain compliance with an interest coverage ratio and a leverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights). Revolving Loan Agreement On March 21, 2014, approximately $25,136 of the proceeds of the Incremental Term Loan Facility were used to pay in full and terminate the Company's Revolving Loan Agreement. The revolving loans incurred pursuant to the Revolving Loan Agreement bore interest, at the Company's option, at the base rate plus a margin between 1.50% and 2.00% or an adjusted LIBOR rate (based on one, two, three or six-month interest periods) plus a margin between 2.50% and 3.00%, in each case with such margin being determined based on the Company's average daily excess availability under the revolving credit facility for the preceding fiscal quarter. For purposes of the Revolving Loan Agreement, the "base rate" means the highest of Wells Fargo Bank, National Association's prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest was due and payable in arrears monthly for revolving loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of loans with interest periods greater than three months) in the case of revolving loans bearing interest at the adjusted LIBOR rate. Principal, together with all accrued and unpaid interest, would have been due and payable on February 6, 2018. The Company was permitted to prepay the revolving loans and terminate the commitments, in whole or in part, at any time without premium or penalty. Under certain circumstances, the Company was required to prepay the revolving loans upon the receipt of cash proceeds of certain asset sales. All borrowings under the Revolving Loan Agreement were limited by amounts available pursuant to a borrowing base calculation, which was based on percentages of eligible accounts receivable, inventory, machinery and equipment, in each case subject to reductions for applicable reserves. The Revolving Loan Agreement contained customary affirmative and negative covenants, including covenants that limited or restricted the Company and its subsidiaries' ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a credit facility of this size and type. Pursuant to the Revolving Loan Agreement, the Company was also required to maintain compliance with a fixed charge coverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights) at such times that it failed to maintain excess availability under the revolving credit facility above a specified level.
[2]	A subsidiary of the Company in the United Kingdom entered into a 20 year term mortgage agreement in 2007, under which interest is charged at a margin of 1.35% over Barclays Fixed Base Rate of 0.5% at August 31, 2015. The mortgage is secured by the subsidiary's assets.
[3]	On December 31, 2013, the Company completed the sale and leaseback (the "Sale/Leaseback") of the Company's facility located in State College, Pennsylvania. The Company sold the facility to an unaffiliated third party for a gross purchase price of approximately $15,500 and will lease the property from the buyer for approximately $1,279 per year, subject to annual adjustments. As a result of this transaction the Company initially recorded a capital lease obligation of $5,225. The gain on the sale has been deferred and is being recognized over the 15 year lease term.

Long-Term Debt Obligations (Par

Long-Term Debt Obligations (Parenthetical) (Detail) - USD ($) $ in Thousands

Jun. 08, 2015

Mar. 21, 2014

Dec. 31, 2013

Jul. 05, 2013

Apr. 17, 2013

Mar. 14, 2013

May. 31, 2014

Aug. 31, 2015

Aug. 31, 2014

Nov. 30, 2014

Feb. 06, 2013

Debt Instrument [Line Items]

Long Term Loans Payable

[1]

$ 197,746

$ 121,730

Outstanding loan balance, paid off and terminated

183,400

Write-off of deferred financing cost

10,300

Repayment of term loans from the proceeds of the sale

$ 14,200

$ 28,780

$ 44,919

$ 739

9,184

$ 54,017

Capital lease obligation

[2]

$ 5,392

$ 5,430

Term Loan A

Debt Instrument [Line Items]

Long Term Loans Payable

$ 165,000

Debt instrument maturity date

Feb. 6, 2018

Federal funds rate

0.50%

Term loan, amortization percentage for principal payments, 2014 fiscal year

1.25%

Term loan, amortization percentage for principal payments, 2015 fiscal year

1.875%

Term loan, amortization percentage for principal payments, thereafter

2.50%

Deb instrument, annual capital expenditure

$ 4,000

Term loan, proceeds

$ 25,136

Term Loan A | Base Rate | 2014

Debt Instrument [Line Items]

Debt instrument, margin plus rate

6.50%

Term Loan A | Base Rate | Thereafter

Debt Instrument [Line Items]

Debt instrument, margin plus rate

7.50%

Term Loan A | London Interbank Offered Rate (LIBOR) | 2014

Debt Instrument [Line Items]

Debt instrument, margin plus rate

7.50%

Term Loan A | London Interbank Offered Rate (LIBOR) | Thereafter

Debt Instrument [Line Items]

Debt instrument, margin plus rate

10.75%

Term Loan A | Three Month Libor Rate Plus

Debt Instrument [Line Items]

LIBOR

1.00%

Incremental Term Loan Facility

Debt Instrument [Line Items]

Long Term Loans Payable

$ 85,000

$ 55,000

Debt instrument maturity date

Feb. 6, 2018

Incremental Term Loan Facility | Base Rate

Debt Instrument [Line Items]

Debt instrument, margin plus rate

7.50%

Incremental Term Loan Facility | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Debt instrument, margin plus rate

8.50%

Asset Based Revolving Credit Facility

Debt Instrument [Line Items]

Secured revolving credit facility

50,000

Credit Sub Facility

Debt Instrument [Line Items]

Secured revolving credit facility

10,000

Letter Of Credit Subfacility

Debt Instrument [Line Items]

Secured revolving credit facility

10,000

Swing Line Loan Subfacility

Debt Instrument [Line Items]

Secured revolving credit facility

$ 5,000

Series A Preferred Stock

Debt Instrument [Line Items]

Write-off of deferred financing cost

$ 10,212

Series A Mandatorily Redeemable Preferred Stock redeemed, shares

26,000

26,000

Revolving Loan Agreement

Debt Instrument [Line Items]

Federal funds rate

0.50%

Deb instrument, annual capital expenditure

$ 4,000

Revolving Loan Agreement | Three Month Libor Rate Plus

Debt Instrument [Line Items]

LIBOR

1.00%

UNITED KINGDOM | 2007 Mortgage Agreement

Debt Instrument [Line Items]

Mortgage agreement term

20 years

Mortgage loan interest charges

1.35%

UNITED KINGDOM | 2007 Mortgage Agreement | Barclays

Debt Instrument [Line Items]

Barclays Fixed Base Rate

0.50%

Pennsylvania

Debt Instrument [Line Items]

Proceeds from sale and leaseback facility

15,500

Sale and leaseback transaction annual rental payments

1,279

Capital lease obligation

$ 5,225

Lease term

15 years

Minimum | Revolving Loan Agreement | Base Rate

Debt Instrument [Line Items]

Debt instrument, margin plus rate

1.50%

Minimum | Revolving Loan Agreement | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Debt instrument, margin plus rate

2.50%

Maximum | Term Loan A

Debt Instrument [Line Items]

LIBOR

1.50%

Maximum | Revolving Loan Agreement | Base Rate

Debt Instrument [Line Items]

Debt instrument, margin plus rate

2.00%

Maximum | Revolving Loan Agreement | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Debt instrument, margin plus rate

3.00%

[1]

On February 6, 2013, the Company refinanced its credit facilities and entered into (i) a credit agreement (the "Term Loan Agreement") with various lenders and Guggenheim Corporate Funding, LLC, as agent (the "Agent") that provided for a $165,000 term loan facility and (ii) a credit agreement with various lenders and Wells Fargo Bank, National Association (the "Revolving Loan Agreement") that provided for a $50,000 asset-based revolving borrowing base credit facility, with a $10,000 subfacility (or the Sterling equivalent) for certain of our United Kingdom subsidiaries, a $10,000 subfacility for letters of credit and a $5,000 subfacility for swingline loans. On February 6, 2013, in connection with entering into the Term Loan Agreement and the Revolving Loan Agreement, the Amended and Restated Credit Agreement, dated as of June 27, 2011, by and among the lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, lead arranger and sole book-runner, which had an outstanding balance of $183,400, was paid off and terminated, which resulted in the write-off of approximately $10,300 of deferred financing costs and note discounts. On May 22, 2013, the Company entered into a First Amendment to the Revolving Loan Agreement that amended certain cash management and reporting requirements. On July 5, 2013 and April 17, 2013, the Company sold its data bus business and its Sensors companies, respectively, and repaid approximately $28,780 and $44,919, respectively, of its term loans from the proceeds of these sales, in accordance with the Term Loan Agreement. In addition, the Company repaid a portion of its term loans using the net proceeds of $739 from the March 14, 2013, sale of certain land and a building in Palm Bay, Florida. On December 31, 2013, the Company repaid $14,200 of its term loans from the proceeds of the Sale/Leaseback (see (c) below) of the Company's facility located in State College, Pennsylvania. On October 10, 2013, the Company entered into an Amendment No. 1 to the Term Loan Agreement (the "Amendment No. 1") by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 1, among other things, amends the Term Loan Agreement to reduce the minimum interest coverage ratio, increase the maximum leverage ratio, reduce the interest rate on the term loans and modify the terms of the prepayment premium, which the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans. On March 21, 2014, the Company entered into Amendment No. 2 to the Term Loan Agreement (the "Amendment No. 2"), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 2 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $55,000 (the "Incremental Term Loan Facility"), which Incremental Term Loan Facility is subject to substantially the same terms and conditions, including the applicable interest rate and the maturity date of February 6, 2018, as the $165,000 term loan facility provided upon the initial closing of the Term Loan Agreement. In addition, Amendment No. 2 amended the Term Loan Agreement to reduce the minimum interest coverage ratio and increase the maximum leverage ratio, among other things. The proceeds of the Incremental Term Loan Facility were used (i) to pay in full and terminate the Company's Revolving Loan Agreement; (ii) to redeem all 26,000 shares of the Company's Series A Preferred Stock that were outstanding; (iii) to pay fees, costs and expenses associated with the Incremental Term Loan Facility and related transactions; and (iv) for general corporate purposes. This resulted in the write-off of approximately $10,212 of deferred financing costs and note discounts in the quarter ended May 31, 2014. On June 8, 2015, the Company entered into Amendment No. 3 to the Term Loan Agreement (the "Amendment No. 3"), by and among the Company, as borrower, the lenders party thereto and the Agent. Amendment No. 3 amended the Term Loan Agreement to provide for an incremental term loan facility in an aggregate principal amount equal to $85,000 (the "Second Incremental Term Loan Facility"), increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015, amended the prepayment premiums that the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans, permitted certain additional adjustments to the Company's consolidated EBITDA for cost savings in connection with the acquisition Inmet and Weinschel and reduced the minimum interest coverage ratio and increased the maximum leverage ratio for certain compliance periods. The proceeds of the Second Incremental Term Loan Facility were primarily used to fund the purchase price for the Inmet and Weinschel acquisition. Term Loan Agreement The term loans incurred pursuant to the Term Loan Agreement, as amended through Amendment No. 2, bore interest, at the Company's option, at the base rate plus 6.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 7.50% for the first year and at the base rate plus 7.50% or an adjusted LIBOR rate (based on one, two or three-month interest periods) plus 10.75% thereafter, with a LIBOR floor of 1.50%. Amendment No. 3 increased the margins applicable to the outstanding term loans to 7.50% in the case of base rate loans and 8.50% in the case of LIBOR loans, beginning December 2015. For purposes of the Term Loan Agreement, the "base rate" means the highest of Wells Fargo Bank, National Association's prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest is due and payable in arrears monthly for term loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of term loans with interest periods greater than three months) in the case of term loans bearing interest at the adjusted LIBOR rate. Principal payments of the term loans are paid at the end of each of the Company's fiscal quarters, with the balance of any outstanding term loans due and payable in full on February 6, 2018. The quarterly principal payments will amortize at 1.25% for the fiscal quarters through the end of the Company's 2014 fiscal year, at 1.875% for the fiscal quarters through the end of the Company's 2015 fiscal year and at 2.50% for each of the fiscal quarters thereafter. Under certain circumstances, the Company is required to prepay the term loans upon the receipt of cash proceeds of certain asset sales, cash proceeds of certain extraordinary receipts and cash proceeds of certain debt or equity financings, and based on a calculation of annual excess cash flow. Mandatory prepayments resulting from assets sales or certain debt financings may require the payment of certain prepayment premiums. The term loans are secured by a first priority security interest in accounts receivable, inventory, machinery, equipment and certain other personal property relating to the foregoing, and any proceeds from any of the foregoing, subject to certain exceptions and liens, and a first priority security position on substantially all other real and personal property, in each case that are owned by the Company and the subsidiary guarantors. The Term Loan Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the Company and its subsidiaries' ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a term loan of this size and type. Pursuant to the Term Loan Agreement, the Company is required to maintain compliance with an interest coverage ratio and a leverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights). Revolving Loan Agreement On March 21, 2014, approximately $25,136 of the proceeds of the Incremental Term Loan Facility were used to pay in full and terminate the Company's Revolving Loan Agreement. The revolving loans incurred pursuant to the Revolving Loan Agreement bore interest, at the Company's option, at the base rate plus a margin between 1.50% and 2.00% or an adjusted LIBOR rate (based on one, two, three or six-month interest periods) plus a margin between 2.50% and 3.00%, in each case with such margin being determined based on the Company's average daily excess availability under the revolving credit facility for the preceding fiscal quarter. For purposes of the Revolving Loan Agreement, the "base rate" means the highest of Wells Fargo Bank, National Association's prime rate, the federal funds rate plus a margin equal to 0.50% and the adjusted LIBOR rate for a 3-month interest period plus a margin equal to 1.00%. Interest was due and payable in arrears monthly for revolving loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of loans with interest periods greater than three months) in the case of revolving loans bearing interest at the adjusted LIBOR rate. Principal, together with all accrued and unpaid interest, would have been due and payable on February 6, 2018. The Company was permitted to prepay the revolving loans and terminate the commitments, in whole or in part, at any time without premium or penalty. Under certain circumstances, the Company was required to prepay the revolving loans upon the receipt of cash proceeds of certain asset sales. All borrowings under the Revolving Loan Agreement were limited by amounts available pursuant to a borrowing base calculation, which was based on percentages of eligible accounts receivable, inventory, machinery and equipment, in each case subject to reductions for applicable reserves. The Revolving Loan Agreement contained customary affirmative and negative covenants, including covenants that limited or restricted the Company and its subsidiaries' ability to, among other things, incur indebtedness, grant liens, dispose of assets and pay dividends or make distributions to stockholders, in each case subject to customary exceptions for a credit facility of this size and type. Pursuant to the Revolving Loan Agreement, the Company was also required to maintain compliance with a fixed charge coverage ratio and to limit its annual capital expenditures to $4,000 per fiscal year (subject to carry-over rights) at such times that it failed to maintain excess availability under the revolving credit facility above a specified level.

[2]

On December 31, 2013, the Company completed the sale and leaseback (the "Sale/Leaseback") of the Company's facility located in State College, Pennsylvania. The Company sold the facility to an unaffiliated third party for a gross purchase price of approximately $15,500 and will lease the property from the buyer for approximately $1,279 per year, subject to annual adjustments. As a result of this transaction the Company initially recorded a capital lease obligation of $5,225. The gain on the sale has been deferred and is being recognized over the 15 year lease term.

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - $ / shares	Mar. 21, 2014	Jan. 22, 2010	Jan. 20, 2010	May. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	Nov. 30, 2014	Nov. 06, 2006
Equity [Line Items]
Common shares, shares authorized					250,000,000		250,000,000
Common shares, shares outstanding					55,426,986		55,397,320
Series A Preferred Stock
Equity [Line Items]
Series A Mandatorily Redeemable Preferred Stock redeemed, shares	26,000			26,000
API Nanotronics Sub Inc.
Equity [Line Items]
Common shares, shares outstanding					63,886
Exchangeable share outstanding					22,617
API Nanotronics Sub Inc. | Exchangeable Shares
Equity [Line Items]
Common shares, shares authorized								2,354,505
Equity Based Compensation
Equity [Line Items]
Share authorized			800,000
Shares available for issuance			550,000
Common stock issued			250,000
Common shares issued in escrow			126,250
Employee Stock Option
Equity [Line Items]
Stock issued, options and RSUs					567,500	245,000
Restricted Stock Units (RSUs)
Equity [Line Items]
Stock issued, options and RSUs					242,000	15,000
Common Stock
Equity [Line Items]
Common shares, shares outstanding					55,426,986		55,397,320
Common Stock | Equity Based Compensation
Equity [Line Items]
Warrants issued, shares of common stock to purchase by warrant		892,862	892,862
Warrants issued, exercise price		$ 5.60	$ 5.60
Warrants expiry date		Jan. 22, 2015	Jan. 20, 2015
First Anniversary | Equity Based Compensation
Equity [Line Items]
Shares available for issuance			250,000
Second Anniversary | Equity Based Compensation
Equity [Line Items]
Shares available for issuance			300,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Nov. 30, 2014	Jan. 21, 2011
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Equity incentive plan under common stock				5,875,000
Available for issuance pursuant to option, RSUs, or Stock	2,976,740
Maximum award term	10 years
Stock option exercise price	100.00%
Total unrecognized compensation related non-vested stock options	$ 596
Stock based compensation	$ 561	$ (99)
Market value per share	$ 2.33
Weighted average exercise price	0		$ 0
Restricted Stock Units (RSUs)
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted average exercise price	$ 0

Fair Value of Options Granted U

Fair Value of Options Granted Using Black-Scholes Option Pricing Model (Detail)	9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	73.20%	70.20%
Expected dividends	0.00%	0.00%
Expected term	9 years 3 months 18 days	6 years
Risk-free rate	1.47%	1.58%

Summary of Common Stock Option

Summary of Common Stock Option Activity (Detail) - $ / shares	9 Months Ended	12 Months Ended
	Aug. 31, 2015	Nov. 30, 2014
Options
Beginning Balance	1,328,310	1,848,485
Less forfeited	(33,183)	(765,175)
Exercised	0	0
Issued	567,500	245,000
Ending Balance	1,862,627	1,328,310
Stock Options exercisable	1,126,378
Weighted Average Exercise Price
Beginning Balance	$ 4.52	$ 4.98
Less forfeited	4.60	4.90
Weighted Average Exercise Price, Exercised	0	0
Weighted Average Exercise Price, Issued	1.89	2.23
Ending Balance	3.72	$ 4.52
Stock Options exercisable	$ 5.01

Restricted Stock Unit Activity

Restricted Stock Unit Activity (Detail) - Restricted Stock Units (RSUs) - $ / shares	9 Months Ended	12 Months Ended
	Aug. 31, 2015	Nov. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs Outstanding, Beginning Balance	48,334	81,667
RSUs Issued	242,000	15,000
Vested-Stock issued	(43,334)	(48,333)
RSUs Outstanding , Ending Balance	247,000	48,334
Weighted Average Grant Date Fair Value, Beginning Balance	$ 3.30	$ 3.72
Vested	5,000
RSUs Issued	$ 1.90	2.37
Vested-Stock issued	3.72	3.72
Weighted Average Grant Date Fair Value, Ending Balance	1.90	$ 3.30
Vested	$ 2.37

Restricted Stock Unit Activit58

Restricted Stock Unit Activity Range of Exercise Price (Detail) - RSUs and Options $ / shares in Units, $ in Thousands	9 Months Ended
	Aug. 31, 2015USD ($)$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Outstanding Shares | shares	2,109,627
Options Outstanding, Weighted Average Remaining Life (Years)	6 years 5 months 1 day
Options Outstanding, Aggregate Intrinsic Value | $	$ 913
Options Exercisable, Number Vested or Exercisable Shares | shares	1,131,378
Options Exercisable, Aggregate Intrinsic Value | $	$ 0
$0.00 - $ 3.55
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Lower Range Limit	$ 0
Exercise Price, Upper Range Limit	$ 3.55
Options Outstanding, Number of Outstanding Shares | shares	1,444,500
Options Outstanding, Weighted Average Exercise Price	$ 2.06
Options Outstanding, Weighted Average Remaining Life (Years)	7 years 15 days
Options Outstanding, Aggregate Intrinsic Value | $	$ 913
Options Exercisable, Number Vested or Exercisable Shares | shares	471,667
Options Exercisable, Weighted Average Exercise Price	$ 3.28
Options Exercisable, Aggregate Intrinsic Value | $	$ 0
$3.56 - $ 4.99
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Lower Range Limit	$ 3.56
Exercise Price, Upper Range Limit	$ 4.99
Options Outstanding, Number of Outstanding Shares | shares	27,084
Options Outstanding, Weighted Average Exercise Price	$ 3.56
Options Outstanding, Weighted Average Remaining Life (Years)	5 years 1 month 24 days
Options Exercisable, Number Vested or Exercisable Shares | shares	21,668
Options Exercisable, Weighted Average Exercise Price	$ 3.56
Options Exercisable, Aggregate Intrinsic Value | $	$ 0
$5.00 - $ 6.99
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Lower Range Limit	$ 5
Exercise Price, Upper Range Limit	$ 6.99
Options Outstanding, Number of Outstanding Shares | shares	632,209
Options Outstanding, Weighted Average Exercise Price	$ 5.96
Options Outstanding, Weighted Average Remaining Life (Years)	5 years 1 month 2 days
Options Exercisable, Number Vested or Exercisable Shares | shares	632,209
Options Exercisable, Weighted Average Exercise Price	$ 5.96
Options Exercisable, Aggregate Intrinsic Value | $	$ 0
$7.00 - $ 20.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Lower Range Limit	$ 7
Exercise Price, Upper Range Limit	$ 20
Options Outstanding, Number of Outstanding Shares | shares	5,834
Options Outstanding, Weighted Average Exercise Price	$ 14.07
Options Outstanding, Weighted Average Remaining Life (Years)	1 year 8 months 27 days
Options Exercisable, Number Vested or Exercisable Shares | shares	5,834
Options Exercisable, Weighted Average Exercise Price	$ 14.07
Options Exercisable, Aggregate Intrinsic Value | $	$ 0

Supplemental Cash Flow Inform59

Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Supplemental Cash Flow Information
Cash paid for income taxes	$ 1,210	$ 683
Cash paid for interest	9,272	6,253
Capital lease obligation		5,225
Deferred gain on Sale/Leaseback (note 9c)	$ 7,937	$ 8,532

Supplemental Cash Flow Inform60

Supplemental Cash Flow Information - Additional Information (Detail) $ in Thousands	1 Months Ended
	Feb. 28, 2014USD ($)
Supplemental Cash Flow Information [Line Items]
Tax refund	$ 1,414

Earnings Per Share Table (Detai

Earnings Per Share Table (Detail) - shares		3 Months Ended		9 Months Ended
		Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Earnings Per Share [Line Items]
Weighted average shares-basic		55,489,938	55,461,217	55,474,617	55,444,759
Effect of dilutive securities	[1]
Weighted average shares-diluted		55,489,938	55,461,217	55,474,617	55,444,759
[1]	Outstanding options and RSUs aggregating 2,109,627 incremental shares at August 31, 2015 (1,535,169 at August 31, 2014), and 892,862 warrants at August 31, 2014, have been excluded from the August 31, 2015 and 2014 computations of diluted EPS as they are anti-dilutive due to the losses generated in each respective period.

Earnings Per Share Table (Paren

Earnings Per Share Table (Parenthetical) (Detail) - shares	9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Options and RSUs
Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	2,109,627	1,535,169
Warrants
Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	892,862	892,862

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 20, 2010	Aug. 31, 2015	Nov. 30, 2014
Long-term Purchase Commitment [Line Items]
Common shares subscribed but not issued	423,750
Common shares subscribed but not issued value	$ 2,373	$ 2,373	$ 2,373
Accrual for outstanding legal matters		$ 2,500	$ 0
Equity Based Compensation
Long-term Purchase Commitment [Line Items]
Shares available for issuance	550,000
Common shares issued in escrow	126,250

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Income Taxes [Line Items]
Effective income tax rates	(11.30%)	(5.00%)	(10.00%)	(4.10%)
U.S. federal statutory income tax rate	34.00%	34.00%	34.00%	34.00%
Unrecognized tax benefits	$ 0		$ 0
UNITED STATES | Minimum
Income Taxes [Line Items]
Tax years open to examination			2,011
UNITED STATES | Maximum
Income Taxes [Line Items]
Tax years open to examination			2,014
CANADA | Minimum
Income Taxes [Line Items]
Tax years open to examination			2,011
CANADA | Maximum
Income Taxes [Line Items]
Tax years open to examination			2,014

Restructuring Charges Related65

Restructuring Charges Related to Consolidation of Operations - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	Nov. 30, 2014	Nov. 30, 2012	Nov. 30, 2013
Restructuring Cost and Reserve [Line Items]
Employee reduction						2.00%	3.00%
Restructuring charges	$ 152	$ 133	$ 1,822	$ 1,000
Restructuring	$ 190	$ 497	1,969	$ 1,945
Specific Restructuring Events
Restructuring Cost and Reserve [Line Items]
Restructuring			767
Chief Executive Officer
Restructuring Cost and Reserve [Line Items]
Restructuring			$ 1,202
Ottawa Restructuring
Restructuring Cost and Reserve [Line Items]
Employee reduction							4.00%
Restructuring charges					$ 757
EMS Restructuring
Restructuring Cost and Reserve [Line Items]
Employee reduction						10.00%
Restructuring charges						$ 591

Restructuring Charges Related66

Restructuring Charges Related to Consolidation of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	Nov. 30, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 152	$ 133	$ 1,822	$ 1,000
EMS Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges					$ 591
Inventory write-down					7,401
Fixed asset impairment					865
Lease impairment					3,672
Accumulated restructuring charges					$ 12,529
Cash payments			(591)
Non-cash charges			(10,222)
Balance - Lease impairment accrual	$ 1,716		$ 1,716

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Aug. 31, 2015Segment
Number of operating segments	3

Segment Reporting Information b

Segment Reporting Information by Segment (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	Nov. 30, 2014
Operating Statistics [Line Items ]
Revenue from external customers		$ 67,993	$ 56,924	$ 171,124	$ 169,011
Adjusted EBITDA:		9,920	7,759	19,819	18,535
Acquisition related charges		405	190	795	375
Restructuring		190	497	1,969	1,945
Depreciation and amortization		5,494	4,029	11,966	12,269
Interest expense, net		4,880	3,289	11,099	8,586
Amortization of note discounts and deferred financing costs		355	24	401	10,916
Other adjustments	[1]	4,253	334	5,190	1,488
Loss before income taxes		(5,657)	(604)	(11,601)	(17,044)
Segment assets		357,553	282,840	357,553	282,840	$ 282,840
Goodwill included in assets		150,280	116,770	150,280	116,770	$ 116,770
Purchase of fixed assets		371	752	997	1,598
Operating Segments | Systems, Subsystems And Components
Operating Statistics [Line Items ]
Revenue from external customers		47,609	41,877	123,212	120,809
Adjusted EBITDA:		6,913	7,133	15,660	16,082
Segment assets		317,120	241,246	317,120	241,246
Goodwill included in assets		147,811	114,301	147,811	114,301
Purchase of fixed assets		357	593	809	1,280
Operating Segments | Secure Systems And Information Assurance
Operating Statistics [Line Items ]
Revenue from external customers		5,004	6,230	14,547	16,692
Adjusted EBITDA:		1,320	1,014	2,677	2,624
Segment assets		10,543	13,183	10,543	13,183
Purchase of fixed assets		6	83	27	105
Operating Segments | Electronic Manufacturing Services
Operating Statistics [Line Items ]
Revenue from external customers		15,380	8,817	33,365	31,510
Adjusted EBITDA:		1,687	(388)	1,482	(171)
Segment assets		26,477	24,235	26,477	24,235
Goodwill included in assets		2,469	2,469	2,469	2,469
Purchase of fixed assets		8	76	161	213
Corporate
Operating Statistics [Line Items ]
Segment assets		$ 3,413	$ 4,176	$ 3,413	$ 4,176
[1]	Other adjustments primarily include non-cash inventory provisions and charges related to Inmet and Weinschel purchase accounting, contingency accruals, 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.

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event $ in Thousands	Oct. 08, 2015USD ($)shares
Subsequent Event [Line Items]
Note payable to plaintiffs	$ 2,500
Shares issued under Asset Purchase Agreement to plaintiffs | shares	550,000
Expected proceeds from shares issued before issuance of additional shares	$ 1,000
Loan amortization period	48 months
Note, prepayment penalty	$ 0
Until April 1, 2016
Subsequent Event [Line Items]
Note, interest rate	12.00%
Thereafter
Subsequent Event [Line Items]
Note, interest rate	18.00%