API Technologies (ATNY) 10-K 2 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Nov. 30, 2015	Feb. 16, 2016	May. 31, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Nov. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	ATNY
Entity Registrant Name	API TECHNOLOGIES CORP.
Entity Central Index Key	1,081,078
Current Fiscal Year End Date	--11-30
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		55,850,800
Entity Public Float			$ 47,081,825

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Current
Cash and cash equivalents	$ 7,207	$ 8,258
Accounts receivable, less allowance for doubtful accounts of $756 and $716 at November 30, 2015 and 2014, respectively	41,684	38,657
Inventories, net (note 6)	65,243	54,718
Deferred income taxes		561
Prepaid expenses and other current assets	1,980	1,592
Total current assets	116,114	103,786
Fixed assets, net (note 7)	30,246	30,424
Fixed assets held for sale (note 2)		150
Goodwill (note 8)	149,239	116,770
Intangible assets, net	46,928	29,848
Other non-current assets	2,498	1,862
Total assets	345,025	282,840
Current
Accounts payable and accrued expenses	41,795	27,907
Deferred revenue	3,694	2,279
Current portion of long-term debt (note 11)	21,816	10,097
Total current liabilities	67,305	40,283
Deferred income taxes	4,373	4,575
Other long-term liabilities (note 12)	1,601	1,216
Long-term debt, net of current portion and discount of $2,480 and $0 at November 30, 2015 and 2014, respectively (note 11)	175,730	118,214
Deferred gain (note 11c)	7,193	7,788
Total liabilities	$ 256,202	$ 172,076
Commitments and contingencies (note 19)
Shareholders' equity
Common shares ($0.001 par value, 250,000,000 authorized shares, 55,850,736 and 55,397,320 shares issued and outstanding at November 30, 2015 and 2014, respectively)	$ 56	$ 55
Special voting stock ($0.01 par value, 1 share authorized, issued and outstanding at November 30, 2015 and 2014, respectively)	0	0
Additional paid-in capital	331,144	327,846
Common stock subscribed but not issued		2,373
Accumulated deficit	(242,401)	(220,105)
Accumulated other comprehensive income	24	595
Total Shareholders' Equity	88,823	110,764
Total Liabilities and Shareholders' Equity	$ 345,025	$ 282,840

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Allowance for doubtful accounts	$ 756	$ 716
Long-term debt discount	$ 2,480	$ 0
Common shares, par value	$ 0.001	$ 0.001
Common shares, authorized shares	250,000,000	250,000,000
Common shares, shares issued	55,850,736	55,397,320
Common shares, shares outstanding	55,850,736	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	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Revenue, net	$ 232,280	$ 226,857
Cost of revenues
Cost of revenues	176,048	173,697
Restructuring charges (note 20)	482	1,064
Total cost of revenues	176,530	174,761
Gross profit	55,750	52,096
Operating expenses
General and administrative	29,239	23,069
Selling expenses	15,435	14,541
Research and development	9,623	8,270
Business acquisition and related charges	1,438	479
Restructuring charges (note 20)	2,864	1,153
Total operating expenses	58,599	47,512
Operating income (loss)	(2,849)	4,584
Other expense (income), net
Interest expense, net	15,779	11,765
Amortization of note discounts and deferred financing costs	746	10,940
Other expense (income), net	1,527	(477)
Total other expenses (income), net	18,052	22,228
Loss before income taxes	(20,901)	(17,644)
Expense for income taxes	1,395	1,270
Net loss	(22,296)	(18,914)
Accretion on preferred stock		(393)
Net loss attributable to common shareholders	$ (22,296)	$ (19,307)
Net loss per share-Basic and diluted	$ (0.40)	$ (0.35)
Weighted average shares outstanding
Basic	55,541,364	55,448,862
Diluted	55,541,364	55,448,862
Comprehensive loss
Unrealized foreign currency translation adjustment	$ (571)	$ (977)
Other comprehensive loss	(571)	(977)
Comprehensive loss	$ (22,867)	$ (19,891)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Common Stock Subscribed But Not Issued	Accumulated Deficit	Accumulated Other Comprehensive Income
Balance (in shares) at Nov. 30, 2013		26,000	54,846,071
Balance at Nov. 30, 2013	$ 131,103	$ 26,326	$ 55	$ 327,901	$ 2,373	$ (200,798)	$ 1,572
Stock issued as compensation			48,333
Stock withheld for taxes (in shares)			(13,751)
Stock withheld for taxes	(39)			(39)
Accretion on Redeemable Preferred Stock (Dividends see Note 13)	(393)	393				(393)
Accrued dividend in kind (effective) on Series A Mandatorily Redeemable Preferred Stock (see Note 13)		$ 42
Redemption of Preferred Stock (see Note 13) (in shares)		(26,000)
Redemption of Preferred Stock (see Note 13)		$ (26,761)
Stock-based compensation expense	(16)			(16)
Stock exchanged for subsidiary exchangeable shares and stock subject to issuance in connection with plan of arrangement (see Note 15)			516,667
Net loss for the period	(18,914)					(18,914)
Other comprehensive loss	(977)						(977)
Balance (in shares) at Nov. 30, 2014			55,397,320
Balance at Nov. 30, 2014	110,764		$ 55	327,846	2,373	(220,105)	595
Stock issued as compensation			43,334
Stock withheld for taxes (in shares)			(13,668)
Stock withheld for taxes	(27)			(27)
Stock-based compensation expense	952			952
Stock issued in connection with common stock subscribed (see Note 15) (in shares)			423,750
Stock issued in connection with common stock subscribed (see Note 15)	1		$ 1	2,373	$ (2,373)
Net loss for the period	(22,296)					(22,296)
Other comprehensive loss	(571)						(571)
Balance (in shares) at Nov. 30, 2015			55,850,736
Balance at Nov. 30, 2015	$ 88,823		$ 56	$ 331,144		$ (242,401)	$ 24

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Nov. 30, 2015USD ($)	Nov. 30, 2014USD ($)
Cash flows from operating activities
Net loss	$ (22,296)	$ (18,914)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	18,333	15,965
Amortization of note discounts and deferred financing costs	746	728
Amortization of note discounts due to debt extinguishment		10,212
Stock based compensation, net	952	(16)
Gain on sale of fixed assets, net	(400)	(252)
Deferred income taxes	(292)	668
Changes in operating assets and liabilities, net of business acquisitions
Accounts receivable	3,328	(915)
Inventories	1,436	2,996
Prepaid expenses and other current assets	(125)	829
Accounts payable and accrued expenses	8,929	(4,263)
Deferred revenue	1,465	(1,739)
Net cash provided by operating activities	12,076	5,299
Cash flows from investing activities
Purchase of fixed assets	(1,356)	(2,733)
Purchase of intangible assets	(560)	(381)
Proceeds from disposal of fixed assets	96	15,108
Business acquisitions net of cash acquired (note 4 and 17)	(80,000)	1,816
Restricted cash (note 17)		1,500
Net cash provided (used) by investing activities	(81,820)	15,310
Cash flows from financing activities
Redemption of preferred shares (Note 13)		(27,600)
Repayment of long-term debt	(13,268)	(55,716)
Net proceeds-long-term debt (note 11)	81,864	64,877
Net cash provided by (used by) financing activities	68,596	(18,439)
Effect of exchange rate on cash and cash equivalents	97	(263)
Net change in cash and cash equivalents	(1,051)	1,907
Cash and cash equivalents, beginning of period	8,258	6,351
Cash and cash equivalents, end of period	$ 7,207	$ 8,258

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Nov. 30, 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 approximately $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 11a). 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 purchase price of approximately $15,500 and will lease the property from the buyer for approximately $1,279 per year, subject to annual adjustments. The Company used $14,200 of the proceeds of the Sale/Leaseback to prepay a portion of its outstanding term loan indebtedness. Basis of Presentation The audited 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 are presented in conformity with United States generally accepted accounting principles.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Nov. 30, 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, fixed assets held for sale 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. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, bank balances and investments in money market instruments with original maturities of three months or less. 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 that includes 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. Fixed Assets Held for Sale Certain fixed assets within our SSC segment were classified as held for sale in the consolidated balance sheets. The Company estimated the fair value of the net assets to be sold at approximately $150 at November 30, 2014. There are no fixed assets held for sale at November 30, 2015. 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. The Company has three reporting units: (i) SSC, (ii) EMS, and (iii) SSIA. The goodwill in the consolidated financial statements relates to the acquisition of Inmet and Weinschel in June 2015, RTIE in March 2012, C-MAC A two-step test is performed to assess goodwill impairment. First, the fair value of each reporting unit is compared to its carrying value. The fair value is determined based on a market approach as well as the discounted future cash flows of the subsidiary carrying the goodwill. If the calculated fair value exceeds the carrying value of the assets, goodwill is not impaired and no further testing is performed. The second step is performed if the carrying value exceeds the fair value of the goodwill. If the carrying value of the reporting unit’s goodwill exceeds its implied fair value, an impairment loss equal to the difference is recorded. Following the required accounting guidance, the Company performed the first step of the two-step test method based on an income approach and a market approach on September 1, 2015. The respective reporting units’ future cash flows exceeded the carrying value of the underlying assets and therefore goodwill was not at risk of impairment and no further testing was required for the year ending November 30, 2015. Intangible assets that have a finite life are amortized using the following basis over the following period: 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 reduce deferred tax assets to the amounts that we estimate are probable to be realized. In determining the adequacy of the valuation allowance, the Company applied the authoritative guidance, and considered such factors as (i) the reversal of existing temporary differences; (ii) future taxable income exclusive of reversing temporary differences and carryforwards; (iii) taxable income in prior carryback years where carryback is permitted; and (iv) prudent and feasible tax planning strategies. 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. Open tax years include the tax years ended January 21, 2011 through November 30, 2015. 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. Warranty The Company provides up to a one-year product defect warranty on various products from the date of sale. Historically, warranty costs have been nominal and have been within management’s expectations. The Company has accrued approximately $328 and $325, in warranty liability as of November 30, 2015 and 2014, respectively, which has been included in accounts payable and accrued expenses. Shipping and Handling Shipping and handling costs are expensed as incurred and included in cost of revenues. Sales Taxes The Company records sales tax on the sale of its products as a liability, and does not include such amounts in revenue. Research and Development Research and development costs are expensed when incurred. Advertising Costs Advertising costs are expensed as incurred and were $849 and $1,118, for the years ended November 30, 2015, and 2014, respectively. 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 on a straight-line basis over the requisite service period for each separately vesting portion of the award. 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 U.S. dollars and the consolidated financial statements are stated in U.S. dollars, “the reporting currency.” Integrated operations have been translated from various foreign currencies (British Pounds Sterling, Canadian dollars, Chinese Yuan, Euros, and Mexican Pesos) into U.S. 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. Receivables and Credit Policies Accounts receivable are non-interest bearing, uncollateralized customer obligations. Accounts receivable are stated at the amounts billed to the customer. Customer account balances with invoices over 90 days old are considered delinquent. Payments of accounts receivable are allocated to the specific invoices identified on the customer’s remittance advice or, if unspecified, are applied to the earliest unpaid invoices. The carrying amount of accounts receivable is reduced by a valuation allowance that reflects management’s estimate of the amounts that will not be collected. 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 (British Pounds Sterling, Canadian Dollars, 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 Discount 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., U.K. and Canadian Governments’ Departments of Defense (directly and through subcontractors) accounts for approximately 45%, 10% and 1% of the Company’s revenues for the year ended November 30, 2015, and 45%, 9% and 2% of the Company’s revenues for the year ended November 30, 2014. Two of the U.S. customers, one a defense prime contractor, represented approximately 15% of revenues for the year ended November 30, 2015 (12% of revenues for the year ended November 30, 2014). The same customers represented 11% and 10% of accounts receivable as of November 30, 2015 and 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 18). 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	12 Months Ended
	Nov. 30, 2015
EFFECTS OF RECENT ACCOUNTING PRONOUNCEMENTS	3. EFFECTS OF RECENT ACCOUNTING PRONOUNCEMENTS Recently Issued Accounting Pronouncements In November 2015, the FASB issued guidance which clarifies that in a classified statement of financial position, an entity shall classify deferred tax liabilities and assets as noncurrent amounts. The former guidance required the valuation allowance for a particular tax jurisdiction be allocated between current and noncurrent deferred tax assets for that tax jurisdiction on a pro rata basis. The update is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments in this guidance may be applied either prospectively to adjustments to provisional amounts that occur after the effective date of this guidance or retrospectively to all periods presented, with earlier application permitted for financial statements that have not been issued. The Company has early adopted this guidance prospectively for the fiscal year ended November 30, 2015. 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 has early adopted this guidance for the fiscal year ended November 30, 2015. In May 2014, the FASB issued guidance which affects any entity 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. 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.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Nov. 30, 2015
ACQUISITIONS	4. ACQUISITIONS a) Inmet and Weinschel On June 8, 2015 API completed the acquisition of Inmet and Weinschel for a total purchase price of $79,392, which included a payment of $80,000 partially offset by a working capital adjustment of $608. 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 11). 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 $1,129 as of November 30, 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 $ 6,854 Inventory 12,655 Fixed assets 5,365 Customer, marketing and technology related intangible assets 28,179 Goodwill 32,469 Current liabilities (6,130 ) Total purchase consideration $ 79,392 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 accounting for income taxes. Material adjustments, if any, to provisional amounts in subsequent periods, will be reflected as required. Revenues and net loss of Inmet and Weinschel combined, for the period from the acquisition of June 8, 2015 to November 30, 2015 were approximately $21,421 and $1,062, respectively. Fixed assets acquired in this transaction consist of the following: (in thousands) Land $ 385 Buildings and leasehold improvements 3,397 Computer equipment 15 Furniture and fixtures 207 Machinery and equipment 1,361 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 years ended November 30, 2015 and 2014. Year ended Year ended 2015 2014 Revenues $ 256,015 $ 273,263 Net loss $ (17,893 ) $ (16,922 ) Net loss per share—basic and diluted $ (0.32 ) $ (0.31 )

OTHER FAIR VALUE MEASUREMENTS

OTHER FAIR VALUE MEASUREMENTS	12 Months Ended
	Nov. 30, 2015
OTHER FAIR VALUE MEASUREMENTS	5. OTHER FAIR VALUE MEASUREMENTS The following table summarizes assets, which have been accounted for at fair value, along with the basis for the determination of fair value. November 30, 2015 November 30, 2014 2015 Unobservable Impairment 2014 Unobservable Impairment Fixed assets held for sale $ — $ — $ — $ 150 $ 150 $ — Total $ — $ — $ — $ 150 $ 150 $ — The following is a summary of activity for the years ended November 30, 2015 and 2014 for assets and liabilities measured at fair value based on unobservable measure criteria: Fixed Assets Held Balance as at November 30, 2013 $ 150 Less: Fixed assets sold — Balance as at November 30, 2014 $ 150 Less: Fixed assets sold (150 ) Balance as at November 30, 2015 $ — The fair value of the fixed assets held for sale was determined using a market approach by using prices and other relevant information generated by market transactions involving comparable assets.

INVENTORIES

INVENTORIES	12 Months Ended
	Nov. 30, 2015
INVENTORIES	6. INVENTORIES Inventories consisted of the following at November 30: 2015 2014 Raw materials $ 34,222 $ 30,509 Work in progress 19,355 16,130 Finished goods 11,666 8,079 Total $ 65,243 $ 54,718 At November 30, 2015 and 2014, inventories are presented net of inventory reserves of $9,343 and $8,990, respectively.

FIXED ASSETS

FIXED ASSETS	12 Months Ended
	Nov. 30, 2015
FIXED ASSETS	7. FIXED ASSETS Fixed assets consisted of the following: As of November 30, 2015 Cost Accumulated Net Book Land $ 2,874 $ — $ 2,874 Buildings and leasehold improvements 21,609 (5,490 ) 16,119 Computer equipment 4,920 (3,775 ) 1,145 Furniture and fixtures 2,447 (2,052 ) 395 Machinery and equipment 35,573 (25,869 ) 9,704 Vehicles 76 (67 ) 9 Fixed assets, net $ 67,499 $ (37,253 ) $ 30,246 As of November 30, 2014 Cost Accumulated Net Book Land $ 2,489 $ — $ 2,489 Buildings and leasehold improvements 18,832 (3,706 ) 15,126 Computer equipment 4,643 (2,925 ) 1,718 Furniture and fixtures 1,166 (817 ) 349 Machinery and equipment 28,619 (17,896 ) 10,723 Vehicles 99 (80 ) 19 Fixed assets, net $ 55,848 $ (25,424 ) $ 30,424 Buildings and leasehold improvements for November 30, 2015, includes assets from capital leases with cost of $5,225, accumulated depreciation of $(668) and net book value of $4,557 (November 30, 2014—$5,225, $(319) and $4,906, respectively). Machinery and equipment for November 30, 2015, includes assets from capital leases with cost of $558, accumulated depreciation of $(275) and net book value of $283 (November 30, 2014—$558, $(227) and $331, respectively). Depreciation expense amounted to $6,674 for the year ended November 30, 2015, and $6,652 for the year ended November 30, 2014. Included in these amounts are $397 and $378 of amortization of assets under capital lease for the year ended November 30, 2015, November 30, 2014, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Nov. 30, 2015
GOODWILL AND INTANGIBLE ASSETS	8. GOODWILL AND INTANGIBLE ASSETS The goodwill in the consolidated financial statements relates to the acquisition of Inmet and Weinschel in June 2015, RTIE in March 2012, C-MAC in March 2012, CMT in November 2011, Spectrum in June 2011, and SenDEC in January 2011. All of the goodwill relates to our SSC and EMS reporting units. Following the required accounting guidance, the Company performed the first step of the two-step test method based on discounted future cash flows on September 1, 2015. The respective reporting units’ future cash flows exceeded the carrying value of the underlying assets and therefore goodwill was not at risk of impairment and no further testing was required for the year ending November 30, 2015. Goodwill and intangible assets consisted of the following at November 30: 2015 2014 Goodwill not subject to amortization: Beginning balance, net $ 116,770 $ 116,770 Acquisition of Inmet and Weinschel (note 4) 32,469 — Ending balance, net $ 149,239 $ 116,770 Intangible assets consisted of the following: November 30, 2015 Weighted Cost Accumulated Net Book Non-compete agreements 2.0 $ 484 $ (484 ) $ — Customer contracts 10.1 54,535 (20,658 ) 33,877 Technology 6.8 24,783 (13,854 ) 10,929 Tradenames 3.5 8,641 (7,583 ) 1,058 Computer software 3.0 3,891 (2,975 ) 916 Patents 271 (123 ) 148 Intangible assets, net 8.3 $ 92,605 $ (45,677 ) $ 46,928 November 30, 2014 Weighted Cost Accumulated Net Book Non-compete agreements 2.0 $ 484 $ (484 ) $ — Customer contracts 8.6 33,548 (14,979 ) 18,569 Technology 7.6 19,027 (9,465 ) 9,562 Tradenames 3.3 7,376 (7,280 ) 96 Computer software 3.0 2,848 (1,397 ) 1,451 Patents 242 (72 ) 170 Intangible assets, net 7.3 $ 63,525 $ (33,677 ) $ 29,848 Changes in the carrying amount of Intangible assets were as follows: November 30, November 30, Intangible assets: Beginning balance, net $ 29,848 $ 38,780 Intangible assets from business acquisition (note 4) 28,179 — Patents and Computer software purchased 560 381 Less: Amortization (11,659 ) (9,313 ) Ending balance, net $ 46,928 $ 29,848 Amortization expense amounted to $11,659 for the year ended November 30, 2015 and $9,313 for the year ended November 30, 2014. Amortization expense related to existing intangible assets is expected to be approximately $11,384, $9,138, $8,321, $6,932 and $3,443 for the years ending November 30, 2016, 2017, 2018, 2019 and 2020, respectively. At November 30, 2015, computer software includes net capitalized computer software development costs of $517 ($1,164 at November 30, 2014).

SHORT-TERM DEBT

SHORT-TERM DEBT	12 Months Ended
	Nov. 30, 2015
SHORT-TERM DEBT	9. SHORT-TERM DEBT The Company has a credit facility in place for its U.K. subsidiaries for approximately $376 (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 November 30, 2015 and 2014.

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Nov. 30, 2015
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	10. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the following at November 30: 2015 2014 Trade accounts payable $ 22,493 $ 16,843 Accrued expenses 12,551 6,497 Wage and vacation accrual 6,751 4,567 Total $ 41,795 $ 27,907

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Nov. 30, 2015
LONG-TERM DEBT	11. LONG-TERM DEBT The Company was obligated under the following debt instruments at November 30: 2015 2014 Term loans, due February 6, 2018, base rate plus 6.50% interest or LIBOR plus 7.50%, (a) $ 193,690 $ 121,730 Mortgage loan, due 2027, 1.35% above Barclays fixed bank rate (b) 956 1,151 Capital leases payable (c) 5,380 5,430 $ 200,026 $ 128,311 Less: Current portion of long-term debt (21,816 ) (10,097 ) Discount and deferred financing charges on term loans (2,480 ) — Long-term portion $ 175,730 $ 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. In fiscal year 2013, the Company repaid approximately $73,699 of its term loans from the proceeds of sales of certain of its businesses. 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”) which, 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”), 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”), 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. The Term Loan Agreement has the financial covenants of a minimum interest coverage ratio and maximum leverage ratio. At November 30, 2015 the Company was not in compliance with these Term Loan Agreement financial covenants and has incurred recurring operating losses. To address these matters, management has undertaken certain actions including obtaining an amendment to the Term Loan Agreement. On February 28, 2016, the Company entered into Amendment No. 4 to the Term Loan Agreement (“Amendment No. 4”), refer to Note 24 to the consolidated financial statements. Amendment No. 4 reduces the minimum interest coverage ratio and increases the maximum leverage ratio for the November 30, 2015 compliance period and the fiscal year 2016 compliance periods. At November 30, 2015, the Company was in compliance with these amended financial covenants. Amendment No. 4 also amends the amortization schedule applicable to future term loan payments made by the Company by removing the Company’s obligation to make an amortization payment for the fiscal quarters ending February 29, 2016 and May 31, 2016. Additionally, as the Merger Agreement was being contemplated at the same time as discussed in Note 24 to the consolidated financial statements, as a condition of granting the amendment to the Term Loan Agreement, the Company delivered a fully executed Merger Agreement. 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 was used to pay in full and terminate the Company’s Revolving Loan Agreement. 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 November 30, 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. The Company is also the lessee of equipment under various capital leases with monthly payments of $9 and $9 for November 30, 2015 and 2014, respectively, including interest ranging from approximately 6 to 8%, secured by the leased assets that expire by May 2016. The assets and liabilities under the capital leases are recorded at the fair value of the asset. The assets are amortized over the lower of their related lease terms or its estimated productive life. At November 30, 2015 and 2014, $4,840 and $5,237 of assets from capital leases were included in fixed assets, net. Future principal payments of long-term debt and capital leases for the next five years are as follows: Year Long-term Capital Total 2016 $ 21,768 $ 1,362 $ 23,130 2017 21,771 1,338 23,109 2018 150,553 1,365 151,918 2019 139 1,392 1,531 2020 142 1,420 1,562 Thereafter 273 12,569 12,842 $ 194,646 $ 19,446 $ 214,092 Less: imputed interest — (14,066 ) (14,066 ) $ 194,646 $ 5,380 $ 200,026

OTHER LONG-TERM LIABILITIES

OTHER LONG-TERM LIABILITIES	12 Months Ended
	Nov. 30, 2015
OTHER LONG-TERM LIABILITIES	12. OTHER LONG-TERM LIABILITIES At November 30, 2015, Other long-term liabilities consist of $1,107 asset retirement obligations ($1,154 at November 30, 2014) and $494 deferred rent liabilities ($62 at November 30, 2014). Asset retirement obligations, relating to leasehold improvements associated with land and a building at one of the Company’s facilities in the United Kingdom under lease until December 2021. As a result of the acquisition of C-MAC (a U.K. subsidiary), the Company initially recorded an asset retirement obligation of approximately $967. During the years ended November 30, 2015 and 2014, the Company recorded accretion expense of approximately $69 and $66. Deferred rent liabilities of $494 ($62 at November 30, 2014), relate to land and a building at one of the Company’s facilities in the United States under lease until November 2024.

REDEEMABLE PREFERRED STOCK

REDEEMABLE PREFERRED STOCK	12 Months Ended
	Nov. 30, 2015
REDEEMABLE PREFERRED STOCK	13. REDEEMABLE PREFERRED STOCK The Company, as of March 21, 2014, redeemed all 26,000 shares of its outstanding Series A Preferred Stock. The Company paid the holder of the Series A Preferred Stock an aggregate of $27,600 to effect the redemption. This resulted in a gain of $549, which is recorded in Other expenses (income) on the Consolidated Statement of Operations for the year ended November 30, 2014. 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Nov. 30, 2015
INCOME TAXES	14. INCOME TAXES The geographical sources of loss before income taxes for the years ended November 30, 2015 and 2014 were as follows: Year ended Year ended Income (loss) before income taxes: United States $ (21,079 ) $ (19,065 ) Non-United States 178 1,421 Total $ (20,901 ) $ (17,644 ) The income tax expense (benefit) is summarized as follows: Year ended Year ended Current: United States $ 397 $ 295 Non-United States 1,290 307 1,687 602 Deferred: United States 721 319 Non-United States (1,013 ) 349 (292 ) 668 Income tax expense $ 1,395 $ 1,270 The consolidated effective tax benefit/(expense) rate (as a percentage of income (loss) before income taxes is reconciled to the U.S. federal statutory tax rate as follows: Year ended Year ended U.S. federal statutory tax rate 34.0 % 34.0 % Non-deductible expenses (1.6 ) (1.7 ) Effect of foreign tax rates 0.3 0.5 State income taxes, net of federal tax effect 8.2 8.0 Change in valuation allowance (42.6 ) (44.2 ) Change in tax rates (0.5 ) 1.0 Share based compensation — (3.7 ) Repatriation of foreign earnings (2.4 ) (3.0 ) Return to provision adjustments (1.9 ) 2.8 Other (0.2 ) (0.9 ) Effective tax rate benefit/(expense) (6.7 )% (7.2 )% The components of deferred taxes are as follows as at November 30: 2015 2014 Deferred income tax assets Loss carryforwards $ 21,379 $ 15,879 Deferred Gain 2,683 2,896 Share based compensation 926 918 Inventory 3,006 2,397 Intangible assets 664 — Accruals 959 959 Tax credits 1,458 1,424 Valuation Allowance (29,566 ) (20,657 ) 1,509 3,816 Deferred income tax liabilities Capital assets (904 ) (2,577 ) Intangible assets — (1,518 ) Deferred tax on unremitted earnings (967 ) (521 ) Deferred tax on export sales (3,101 ) (2,944 ) (4,972 ) (7,560 ) $ (3,463 ) $ (3,744 ) 2014 2014 Balance sheet presentation Deferred income tax assets—current $ — $ 561 Deferred income tax assets—long-term (in Other non-current assets) 910 270 Deferred income tax liability—current — — Deferred tax liabilities—long-term (4,373 ) (4,575 ) Net deferred tax liabilities $ (3,463 ) $ (3,744 ) The valuation allowance as of November 30, 2015 and 2014 totaled approximately $29,566 and $20,657, respectively, which consisted principally of established reserves for deferred tax assets on carry forward losses from our entities in the United States of America and of foreign entities. A valuation allowance is established when it is more likely than not that a portion of the deferred tax assets will not be realized. The valuation allowance is adjusted based on the changing facts and circumstances, such as the expected expiration of an operating loss carryforward. The total change in valuation allowance for the year ended November 30, 2015 was approximately $8,910, which primarily relates to the increase in deferred tax assets, partially offset by a utilization of loss carryforwards. The Company and its subsidiaries have U.S. federal net operating loss carryforwards of approximately $34,608, to apply against future taxable income. These losses will expire in various amounts in years 2024 through 2035. Due to recent acquisitions, these loss carryforwards, and other tax credits, may be subject to certain limitations. The Company and its subsidiaries have state net operating loss carryforwards of approximately $138,533 to apply against future state taxable income. These losses will expire in various amounts in years 2024 through 2035. The Company and its subsidiaries have foreign net operating loss carryforwards of approximately $3,979 to apply against future taxable income. These losses will expire in various amounts in years 2028 through 2035. With the exception of a deferred tax liability of $967 recorded on its German and certain Canadian operations, the Company has not recorded deferred income taxes on the undistributed earnings of its foreign subsidiaries in fiscal 2015 because of management’s intent to indefinitely reinvest such earnings. At November 30, 2015 the aggregate undistributed earnings of the foreign subsidiaries amounted to $26,264. Upon distribution of these earnings in the form of dividends or otherwise, the Company may be subject to U.S. income taxes and foreign withholding taxes. It is not practical, however, to estimate the amount of taxes that may be payable on the eventual remittance of these earnings. The Company has foreign investment credits of approximately $54 as of November 30, 2015 which expire in 2018. The Company and its subsidiaries have research and development credits of approximately $663 as of November 30, 2015, which expire in 2031 through 2034. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant tax authority. For the year ended November 30, 2015, a reconciliation of beginning and ending unrecognized tax benefits is as follows: Balance at November 30, 2014 $ 224 Increases in tax positions taken during a prior period 25 Decreases related to settlement with taxing authorities (101 ) Balance at November 30, 2015 $ 148 The Company’s unrecognized tax benefits relate to certain U.S. tax credits and state income tax matters, as well as Chinese transfer pricing on intercompany sales of goods. As of November 30, 2015, the Company’s unrecognized tax benefits of approximately $148 would affect the Company’s effective tax rate if recognized. The Company records interest and penalties related to tax matters within other expense 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. The Company’s Canadian tax returns are subject to examination by federal and provincial taxing authorities in Canada. Generally, tax years 2011-2015 remain open to examination by tax jurisdictions to which the Company is subject.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Nov. 30, 2015
SHAREHOLDERS' EQUITY	15. 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. The unissued shares were initially accounted for as common shares subscribed but not issued. Following the Kuchera settlement in October 2015 (see Note 19), the Company issued the remaining 423,750 shares. 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 November 30, 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 November 30, 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 980,881, 245,000 and 15,000 options and RSUs during the years ended November 30, 2015, 2014 and November 30, 2013, respectively (Note 16).

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Nov. 30, 2015
STOCK-BASED COMPENSATION	16. STOCK-BASED COMPENSATION On October 26, 2006, the Company adopted its 2006 Equity Incentive Plan (the “Equity Incentive Plan”), which was approved at the 2007 Annual Meeting of Stockholders of the Company. All the prior options issued by API were carried over to this plan under the provisions of the Plan of Arrangement. On October 22, 2009, the Company amended the Equity Incentive Plan to increase the number of shares of common stock under the plan from 1,250,000 to 2,125,000. On January 21, 2011, the Company amended the Equity Incentive Plan to further increase the number of shares of common stock under the plan from 2,125,000 to 5,875,000, and on June 3, 2011 amended the plan to permit the issuance of RSUs, which amendments were approved by the shareholders of the Company on November 4, 2011. Of the 5,875,000 shares authorized under the Equity Incentive Plan, 2,805,359 shares are available for issuance pursuant to options, RSUs, or stock as of November 30, 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 November 30, 2015 there was $446 of total unrecognized compensation related to non-vested stock options, which are not contingent upon attainment of certain milestones. For options with certain milestones necessary for vesting, the fair value is not calculated until the conditions become probable. The cost is expected to be recognized over the remaining periods of the options, which are expected to vest from 2015 to 2018. During the years ended November 30, 2015 and 2014, $952 and ($16), 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 assumptions detailed below: Year ended Year ended Expected volatility 72.8 % 70.2 % Expected dividends 0 % 0 % Expected term 9.3 years 6 years Risk-free rate 1.48 % 1.58 % The summary of the common stock options granted, cancelled, exchanged or exercised under the Plan: Shares Weighted Share Options outstanding—November 30, 2013 1,848,485 $ 4.98 Less forfeited (765,175 ) $ 4.90 Exercised — $ — Issued 245,000 $ 2.23 Share Options outstanding—November 30, 2014 1,328,310 $ 4.52 Less forfeited (33,183 ) $ 4.60 Exercised — $ — Issued 707,500 $ 1.98 Share Options outstanding—November 30, 2015 2,002,627 $ 3.62 Share Options exercisable—November 30, 2015 1,265,127 $ 4.57 Restricted stock unit activity under the 2006 Equity Compensation Plan is presented below: Units Weighted RSUs outstanding—November 30, 2013 81,667 $ 3.72 Issued 15,000 $ 2.37 Vested -Stock issued (48,333 ) $ 3.72 RSUs outstanding—November 30, 2014 48,334 $ 3.30 Issued 273,381 $ 1.96 Vested -Stock issued (43,334 ) $ 3.72 RSUs outstanding—November 30, 2015 278,381 $ 1.96 RSUs vested—November 30, 2015 5,000 $ 2.37 RSUs and Options Outstanding RSUs and Options Exercisable Range of Exercise Price Number of Weighted Weighted Aggregate Number Weighted Aggregate $0.00 – $3.55 1,615,881 $ 2.05 6.97 $ 594 605,000 $ 3.04 $ — $3.56 – $4.99 27,084 $ 3.56 4.90 $ — 27,084 $ 3.56 $ — $5.00 – $6.99 632,209 $ 5.96 4.84 $ — 632,209 $ 5.96 $ — $7.00 – $20.00 5,834 $ 14.07 1.49 $ — 5,834 $ 14.07 $ — 2,281,008 6.34 $ 594 1,270,127 $ — The intrinsic value is calculated as the excess of the market value as of November 30, 2015 over the exercise price of the shares. The market value as of November 30, 2015 was $1.97 per share as reported by the NASDAQ Stock Market.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Nov. 30, 2015
SUPPLEMENTAL CASH FLOW INFORMATION	17. SUPPLEMENTAL CASH FLOW INFORMATION Supplemental cash flow information for the period ended: Year ended Year ended Supplemental Cash Flow Information Cash paid for income taxes $ 1,439 $ 835 Cash paid for interest $ 14,973 $ 9,093 Deferred gain on Sale/Leaseback (note 11c) $ — $ 8,383 Capital lease obligation (note 11c) $ — $ 5,225 In February and May 2014, the Company received $1,414 and $402, respectively, related to tax refunds from the acquisition of one of its subsidiaries, SenDEC Corporation. In April 2014, $1,500 was removed from escrow related to the sale of the Sensors companies.

EARNINGS (LOSS) PER SHARE OF CO

EARNINGS (LOSS) PER SHARE OF COMMON STOCK	12 Months Ended
	Nov. 30, 2015
EARNINGS (LOSS) PER SHARE OF COMMON STOCK	18. EARNINGS (LOSS) 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): Year ended Year ended 2015 2014 Weighted average shares-basic 55,541,364 55,448,862 Effect of dilutive securities * * Weighted average shares—diluted 55,541,364 55,448,862 Basic EPS and diluted EPS for the years ended November 30, 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. * All outstanding options and RSUs aggregating 2,281,008 at November 30, 2015 (1,376,644—2014) incremental shares, and 892,862 warrants at November 30, 2014, have been excluded from the November 30, 2015 and 2014 computations of diluted EPS, as they are anti-dilutive due to the losses generated in each respective year.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Nov. 30, 2015
COMMITMENTS AND CONTINGENCIES	19. COMMITMENTS AND CONTINGENCIES (a) Rent The following is a schedule by years of approximate future minimum rental payments under operating leases that have remaining non-cancelable lease terms in excess of one year as of November 30, 2015. 2016 $ 4,915 2017 4,473 2018 4,470 2019 4,127 2020 3,213 Thereafter 17,346 Total $ 38,544 The preceding data reflects existing leases at November 30, 2015, and does not include replacement upon the expiration. In the normal course of business, operating leases are normally renewed or replaced by other leases. Rent expense amounted to $4,150 and $3,919 for the years ended November 30, 2015 and 2014, respectively. b) 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 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 had not been delivered under the Asset Purchase Agreement, 126,250 were placed in escrow and the remaining 423,750 shares were previously accounted for as common shares subscribed but not issued with a value of $2,373. In October 2015, the Company settled the Kuchera litigation described above 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. As of November 30, 2015 the shares have been issued and delivered, but have not been sold. The closing price of the Company’s stock as of November 30, 2015 was $1.97 per share, as reported by the NASDAQ Stock Market. The note (recorded in Accounts payable and accrued expenses) 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. c) 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 no recorded accrual relating to its outstanding legal matters as of November 30, 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.

RESTRUCTURING CHARGES RELATED T

RESTRUCTURING CHARGES RELATED TO CONSOLIDATION OF OPERATIONS	12 Months Ended
	Nov. 30, 2015
RESTRUCTURING CHARGES RELATED TO CONSOLIDATION OF OPERATIONS	20. 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. During the years ended November 30, 2015 and 2014 the Company has reflected within the consolidated statement of operations restructuring charges of $3,346 and $2,217, respectively. These restructuring charges included costs related to the change in the Company’s Chief Executive Officer and Chief Financial Officer and legal charges, and workforce reductions and other expenses related to consolidating certain operations, including Ottawa, Ontario, Canada business to its State College, P.A. facility and consolidating certain parts of its U.K. operations. The actions taken as part of these restructuring activities are intended to realize synergies from our combined SSC operations, contain costs and streamline our operations. Management continues to evaluate whether other related assets have been impaired, and has concluded that there should be no additional impairment charges as of November 30, 2015. For the years ended November 30, 2015 and 2014, the following table represents the details of restructuring charges: Year ended Year ended Opening balance $ 230 $ — Restructuring charges 3,346 2,217 Accumulated restructuring charges 3,576 2,217 Cash payments (3,312 ) (1,987 ) Ending Balance $ 264 $ 230 As of November 30, 2015, the Company has also recorded a lease impairment accrual of approximately $1,671 related to one of the facilities of its EMS business.

SEGMENT INFORMATION AND GEOGRAP

SEGMENT INFORMATION AND GEOGRAPHICAL DATA	12 Months Ended
	Nov. 30, 2015
SEGMENT INFORMATION AND GEOGRAPHICAL DATA	21. SEGMENT INFORMATION AND GEOGRAPHICAL DATA 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 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 which 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. Year ended November 30, 2015 SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 170,828 $ 19,192 $ 42,260 $ — $ — $ 232,280 Adjusted EBITDA: 21,526 4,098 1,558 — — 27,182 Acquisition related charges 1,438 Restructuring 3,346 Depreciation and amortization 18,333 Interest expense, net 15,779 Amortization of note discounts and deferred financing costs 746 Other adjustments * 8,441 Loss from continuing operations before income taxes $ (20,901 ) Segment assets—as at November 30, 2015 $ 305,267 $ 11,089 $ 21,024 $ 7,645 $ — $ 345,025 Goodwill included in assets—as at November 30, 2015 $ 146,770 $ — $ 2,469 $ — $ — $ 149,239 Purchase of fixed assets, to November 30, 2015 $ 1,139 $ 31 $ 186 $ — $ — $ 1,356 * 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 and other adjustments, lease payments for the State College, Pennsylvania facility and foreign exchange losses. Year ended November 30, 2014 SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 162,454 $ 21,999 $ 42,404 $ — $ — $ 226,857 Adjusted EBITDA: 22,372 3,614 (245 ) — — 25,741 Acquisition related charges 479 Restructuring 2,217 Depreciation and amortization 15,965 Interest expense, net 11,765 Amortization of note discounts and deferred financing costs 10,940 Other adjustments * 2,019 Loss from continuing operations before income taxes $ (17,644 ) Segment assets—as at November 30, 2014 $ 241,246 $ 13,183 $ 24,235 $ 4,176 $ — $ 282,840 Goodwill included in assets—as at November 30, 2014 $ 114,301 $ — $ 2,469 $ — $ — $ 116,770 Purchase of fixed assets, to November 30, 2014 $ 2,126 $ 285 $ 306 $ 16 $ — $ 2,733 * Other adjustments primarily include non-cash inventory provisions, stock based compensation expense, franchise taxes, financing and other adjustments, lease payments for the State College, Pennsylvania facility, foreign exchange losses and a change in benefit liability. The Company has operations in the United States, United Kingdom, Canada, Mexico, China and Germany. Revenues are attributed to geographic regions based upon the location of the customer. The geographic distribution of sales is as follows: Year ended Year ended Revenues United States $ 166,915 $ 155,476 United Kingdom 23,177 25,229 Canada 7,164 9,772 China 3,558 5,833 Germany 4,056 4,367 All other countries 27,410 26,180 Total $ 232,280 $ 226,857 The geographic distribution of long-lived assets is as follows at November 30: 2015 2014 Long-lived assets United States $ 22,410 $ 20,880 United Kingdom 6,923 8,300 Canada 461 901 Mexico 35 30 China 411 453 Germany 6 10 Total $ 30,246 $ 30,574

401(K) PLAN

401(K) PLAN	12 Months Ended
	Nov. 30, 2015
401(K) PLAN	22. 401(K) PLAN The Company has adopted a 401(k) deferred compensation arrangement. Under the provision of the plan, the Company was required to match 50% of the first 5% deferred contributions for certain employee contributions. The employer match was suspended effective March 11, 2013 and was reinstated effective April 2014. Employees may contribute up to a maximum of 100% of eligible compensation. During the years ended November 30, 2015 and 2014, the Company incurred $420 and $189, respectively, as its obligation under the terms of the plan, charged to general and administrative expense.

INTERIM FINANCIAL INFORMATION (

INTERIM FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Nov. 30, 2015
INTERIM FINANCIAL INFORMATION (UNAUDITED)	23. INTERIM FINANCIAL INFORMATION (UNAUDITED) The following is a summary of the Company’s selected quarterly financial data for the years ended November 30, 2015 and 2014: Three months ended Year ended Feb. 28, 2015 May 31, 2015 * Aug. 31, 2015 Nov. 30, 2015 Revenues $ 50,850 $ 52,281 $ 67,993 $ 61,156 $ 232,280 Operating expenses 11,826 12,307 16,211 18,255 58,599 Operating income (loss) 1,123 (1,345 ) 1,816 (4,443 ) (2,849 ) Net income (loss) $ (2,179 ) $ (4,292 ) $ (6,296 ) $ (9,529 ) $ (22,296 ) Basic earnings (loss) per share $ (0.04 ) $ (0.08 ) $ (0.11 ) $ (0.17 ) $ (0.40 ) Diluted earnings (loss) per share $ (0.04 ) $ (0.08 ) $ (0.11 ) $ (0.17 ) $ (0.40 ) * On June 8, 2015 API completed the acquisition of Inmet and Weinschel Three months ended Year ended Feb. 28, 2014 May 31, 2014 Aug. 31, 2014 Nov. 30, 2014 Revenues $ 58,918 $ 53,169 $ 56,924 $ 57,846 $ 226,857 Operating expenses 11,778 12,340 12,076 11,318 47,512 Operating income (loss) 1,567 (1,930 ) 2,733 2,214 4,584 Net income (loss) $ (2,124 ) $ (14,984 ) $ (634 ) $ (1,172 ) $ (18,914 ) Basic earnings (loss) per share $ (0.05 ) $ (0.27 ) $ (0.01 ) $ (0.02 ) $ (0.35 ) Diluted earnings (loss) per share $ (0.05 ) $ (0.27 ) $ (0.01 ) $ (0.02 ) $ (0.35 )

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Nov. 30, 2015
SUBSEQUENT EVENT	24. SUBSEQUENT EVENT On February 28, 2016, API entered into an Agreement and Plan of Merger (the “Merger Agreement”) with RF1 Holding Company (“Parent”) and RF Acquisition Sub, Inc., a wholly owned subsidiary of Parent (“Merger Sub”), providing for the merger of Merger Sub with and into the Company (the “Merger”), with API surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger, each share of common stock, par value $0.001 per share, of API (the “Company Common Stock”) issued and outstanding as of immediately prior to the effective time, other than certain excluded shares, will be cancelled and automatically converted into the right to receive $2.00 cash, without interest (the “Per Share Price”). Company RSUs and Company options will be cancelled and converted into the right to receive the Per Share Price, less, with respect to Company options, the exercise price per share underlying such Company options, if any. Consummation of the Merger is subject to certain conditions, including, without limitation, (i) the receipt of the necessary approval of the Merger from the Company’s stockholders, which was obtained by written consent on February 29, 2016; (ii) the absence of any law or order restraining, enjoining or otherwise prohibiting the Merger; and (iii) the expiration or termination of any waiting periods applicable to the consummation of the Merger under applicable antitrust and competition laws. The Company has made customary representations and warranties in the Merger Agreement and has agreed to customary covenants regarding the operation of the business of the Company prior to the consummation of the Merger. The Merger Agreement contains certain termination rights for the Company and Parent. Upon termination of the Merger Agreement under specified circumstances (principally in connection with terminating the Merger Agreement to accept a superior proposal, as defined in the Merger Agreement), the Company will be required to pay Parent a termination fee of $3.5 million. Upon termination of the Merger Agreement under specified circumstances, Parent will be required to pay the Company a termination fee of $5 million. This reverse termination fee is payable if the Merger Agreement is terminated by the Company if Parent and Merger Sub fail to consummate the Merger under certain circumstances or if Parent or Merger Sub have willfully breached their respective representations, warranties, covenants or other agreements in the Merger Agreement in certain circumstances and have failed to cure such breach within a certain period. A private equity fund affiliated with J.F. Lehman & Company has provided the Company with a limited guaranty guaranteeing the payment of the reverse termination fee and certain other monetary obligations that may be owed by Parent pursuant to the Merger Agreement. The Merger Agreement also provides that either party may, under certain circumstances, specifically enforce the other party’s obligations under the Merger Agreement. In addition to the foregoing termination rights, and subject to certain limitations, the Company or Parent may terminate the Merger Agreement if the Merger is not consummated by May 27, 2016. On February 29, 2016, Vintage Albany Acquisition, LLC (“Vintage”), the record and beneficial owner of 22,000,000 shares of API common stock, and Steel Excel Inc. (“Steel”), the record and beneficial owner of 11,377,192 shares of API common stock, approved the Merger and adopted the Merger Agreement by written consent. Together, Vintage and Steel hold over a majority of the outstanding shares of API common stock. The approval by Vintage and Steel constitutes the required approval of the Merger and adoption of the Merger Agreement by the Company’s stockholders under Delaware General Corporation Law and the charter. On February 28, 2016, in connection with transactions contemplated by the Merger Agreement, the Company entered into Amendment No. 4 to Credit Agreement ( “Amendment No. 4”), by and among the Company, the lenders party thereto and the Agent. Amendment No. 4 amends the Term Loan Agreement to add additional mandatory prepayment events upon the occurrence of a change of control (as defined in the Term Loan Agreement) and/or receipt of any termination fees under the Merger Agreement and decreases the prepayment premiums that the Company is required to pay upon a voluntary or mandatory prepayment of any of the outstanding term loans. Upon consummation of the transactions contemplated by the Merger Agreement, the Company will be required to pay a prepayment premium in an amount equal to 1% of the amount of the term loans prepaid. Amendment No. 4 also amends the amortization schedule applicable to future term loan payments made by the Company by removing the Company’s obligation to make an amortization payment for the fiscal quarters ending February 29, 2016 and May 31, 2016 and requiring the Company to make an amortization payment in an amount equal to 5.0% of the original aggregate term loan amount on the earlier of (a) May 27, 2016 and (b) the date of termination of the Merger Agreement. Amendment No. 4 reduces the minimum interest coverage ratio and increases the maximum leverage ratio for certain compliance periods, and adds additional events of default upon either (a) the termination of the Merger Agreement or (b) the Company’s failure to consummate the transactions contemplated by the Merger Agreement on or prior to May 27, 2016.

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Nov. 30, 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, fixed assets held for sale 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.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, bank balances and investments in money market instruments with original maturities of three months or less.
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 that includes 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.
Fixed Assets Held for Sale	Fixed Assets Held for Sale Certain fixed assets within our SSC segment were classified as held for sale in the consolidated balance sheets. The Company estimated the fair value of the net assets to be sold at approximately $150 at November 30, 2014. There are no fixed assets held for sale at November 30, 2015.
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. The Company has three reporting units: (i) SSC, (ii) EMS, and (iii) SSIA. The goodwill in the consolidated financial statements relates to the acquisition of Inmet and Weinschel in June 2015, RTIE in March 2012, C-MAC A two-step test is performed to assess goodwill impairment. First, the fair value of each reporting unit is compared to its carrying value. The fair value is determined based on a market approach as well as the discounted future cash flows of the subsidiary carrying the goodwill. If the calculated fair value exceeds the carrying value of the assets, goodwill is not impaired and no further testing is performed. The second step is performed if the carrying value exceeds the fair value of the goodwill. If the carrying value of the reporting unit’s goodwill exceeds its implied fair value, an impairment loss equal to the difference is recorded. Following the required accounting guidance, the Company performed the first step of the two-step test method based on an income approach and a market approach on September 1, 2015. The respective reporting units’ future cash flows exceeded the carrying value of the underlying assets and therefore goodwill was not at risk of impairment and no further testing was required for the year ending November 30, 2015. Intangible assets that have a finite life are amortized using the following basis over the following period: 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 reduce deferred tax assets to the amounts that we estimate are probable to be realized. In determining the adequacy of the valuation allowance, the Company applied the authoritative guidance, and considered such factors as (i) the reversal of existing temporary differences; (ii) future taxable income exclusive of reversing temporary differences and carryforwards; (iii) taxable income in prior carryback years where carryback is permitted; and (iv) prudent and feasible tax planning strategies. 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. Open tax years include the tax years ended January 21, 2011 through November 30, 2015. 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.
Warranty	Warranty The Company provides up to a one-year product defect warranty on various products from the date of sale. Historically, warranty costs have been nominal and have been within management’s expectations. The Company has accrued approximately $328 and $325, in warranty liability as of November 30, 2015 and 2014, respectively, which has been included in accounts payable and accrued expenses.
Shipping and Handling	Shipping and Handling Shipping and handling costs are expensed as incurred and included in cost of revenues.
Sales Taxes	Sales Taxes The Company records sales tax on the sale of its products as a liability, and does not include such amounts in revenue.
Research and Development	Research and Development Research and development costs are expensed when incurred.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred and were $849 and $1,118, for the years ended November 30, 2015, and 2014, respectively.
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 on a straight-line basis over the requisite service period for each separately vesting portion of the award. 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 U.S. dollars and the consolidated financial statements are stated in U.S. dollars, “the reporting currency.” Integrated operations have been translated from various foreign currencies (British Pounds Sterling, Canadian dollars, Chinese Yuan, Euros, and Mexican Pesos) into U.S. 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.
Receivables and Credit Policies	Receivables and Credit Policies Accounts receivable are non-interest bearing, uncollateralized customer obligations. Accounts receivable are stated at the amounts billed to the customer. Customer account balances with invoices over 90 days old are considered delinquent. Payments of accounts receivable are allocated to the specific invoices identified on the customer’s remittance advice or, if unspecified, are applied to the earliest unpaid invoices. The carrying amount of accounts receivable is reduced by a valuation allowance that reflects management’s estimate of the amounts that will not be collected.
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 (British Pounds Sterling, Canadian Dollars, 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 Discount	Debt Issuance Costs and Long-term Debt Discount 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., U.K. and Canadian Governments’ Departments of Defense (directly and through subcontractors) accounts for approximately 45%, 10% and 1% of the Company’s revenues for the year ended November 30, 2015, and 45%, 9% and 2% of the Company’s revenues for the year ended November 30, 2014. Two of the U.S. customers, one a defense prime contractor, represented approximately 15% of revenues for the year ended November 30, 2015 (12% of revenues for the year ended November 30, 2014). The same customers represented 11% and 10% of accounts receivable as of November 30, 2015 and 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 18).
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 ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Nov. 30, 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 period: 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)	12 Months Ended
	Nov. 30, 2015
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 years ended November 30, 2015 and 2014. Year ended Year ended 2015 2014 Revenues $ 256,015 $ 273,263 Net loss $ (17,893 ) $ (16,922 ) Net loss per share—basic and diluted $ (0.32 ) $ (0.31 )
C-MAC
Assets and Liabilities Acquired	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 $ 6,854 Inventory 12,655 Fixed assets 5,365 Customer, marketing and technology related intangible assets 28,179 Goodwill 32,469 Current liabilities (6,130 ) Total purchase consideration $ 79,392
Fixed Assets Acquired in Acquisition	Fixed assets acquired in this transaction consist of the following: (in thousands) Land $ 385 Buildings and leasehold improvements 3,397 Computer equipment 15 Furniture and fixtures 207 Machinery and equipment 1,361 Total fixed assets acquired $ 5,365

OTHER FAIR VALUE MEASUREMENTS (

OTHER FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Nov. 30, 2015
Summary of Assets and Liabilities	The following table summarizes assets, which have been accounted for at fair value, along with the basis for the determination of fair value. November 30, 2015 November 30, 2014 2015 Unobservable Impairment 2014 Unobservable Impairment Fixed assets held for sale $ — $ — $ — $ 150 $ 150 $ — Total $ — $ — $ — $ 150 $ 150 $ —
Summary of Assets at Fair Value	The following is a summary of activity for the years ended November 30, 2015 and 2014 for assets and liabilities measured at fair value based on unobservable measure criteria: Fixed Assets Held Balance as at November 30, 2013 $ 150 Less: Fixed assets sold — Balance as at November 30, 2014 $ 150 Less: Fixed assets sold (150 ) Balance as at November 30, 2015 $ —

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Nov. 30, 2015
Summary of Inventories	Inventories consisted of the following at November 30: 2015 2014 Raw materials $ 34,222 $ 30,509 Work in progress 19,355 16,130 Finished goods 11,666 8,079 Total $ 65,243 $ 54,718

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	12 Months Ended
	Nov. 30, 2015
Summary of Fixed Assets	Fixed assets consisted of the following: As of November 30, 2015 Cost Accumulated Net Book Land $ 2,874 $ — $ 2,874 Buildings and leasehold improvements 21,609 (5,490 ) 16,119 Computer equipment 4,920 (3,775 ) 1,145 Furniture and fixtures 2,447 (2,052 ) 395 Machinery and equipment 35,573 (25,869 ) 9,704 Vehicles 76 (67 ) 9 Fixed assets, net $ 67,499 $ (37,253 ) $ 30,246 As of November 30, 2014 Cost Accumulated Net Book Land $ 2,489 $ — $ 2,489 Buildings and leasehold improvements 18,832 (3,706 ) 15,126 Computer equipment 4,643 (2,925 ) 1,718 Furniture and fixtures 1,166 (817 ) 349 Machinery and equipment 28,619 (17,896 ) 10,723 Vehicles 99 (80 ) 19 Fixed assets, net $ 55,848 $ (25,424 ) $ 30,424

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Nov. 30, 2015
Changes in Goodwill	Goodwill and intangible assets consisted of the following at November 30: 2015 2014 Goodwill not subject to amortization: Beginning balance, net $ 116,770 $ 116,770 Acquisition of Inmet and Weinschel (note 4) 32,469 — Ending balance, net $ 149,239 $ 116,770
Schedule of Intangible Assets	Intangible assets consisted of the following: November 30, 2015 Weighted Cost Accumulated Net Book Non-compete agreements 2.0 $ 484 $ (484 ) $ — Customer contracts 10.1 54,535 (20,658 ) 33,877 Technology 6.8 24,783 (13,854 ) 10,929 Tradenames 3.5 8,641 (7,583 ) 1,058 Computer software 3.0 3,891 (2,975 ) 916 Patents 271 (123 ) 148 Intangible assets, net 8.3 $ 92,605 $ (45,677 ) $ 46,928 November 30, 2014 Weighted Cost Accumulated Net Book Non-compete agreements 2.0 $ 484 $ (484 ) $ — Customer contracts 8.6 33,548 (14,979 ) 18,569 Technology 7.6 19,027 (9,465 ) 9,562 Tradenames 3.3 7,376 (7,280 ) 96 Computer software 3.0 2,848 (1,397 ) 1,451 Patents 242 (72 ) 170 Intangible assets, net 7.3 $ 63,525 $ (33,677 ) $ 29,848 Changes in the carrying amount of Intangible assets were as follows: November 30, November 30, Intangible assets: Beginning balance, net $ 29,848 $ 38,780 Intangible assets from business acquisition (note 4) 28,179 — Patents and Computer software purchased 560 381 Less: Amortization (11,659 ) (9,313 ) Ending balance, net $ 46,928 $ 29,848

ACCOUNTS PAYABLE AND ACCRUED 38

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Nov. 30, 2015
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following at November 30: 2015 2014 Trade accounts payable $ 22,493 $ 16,843 Accrued expenses 12,551 6,497 Wage and vacation accrual 6,751 4,567 Total $ 41,795 $ 27,907

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Nov. 30, 2015
Long-Term Debt Obligation	The Company was obligated under the following debt instruments at November 30: 2015 2014 Term loans, due February 6, 2018, base rate plus 6.50% interest or LIBOR plus 7.50%, (a) $ 193,690 $ 121,730 Mortgage loan, due 2027, 1.35% above Barclays fixed bank rate (b) 956 1,151 Capital leases payable (c) 5,380 5,430 $ 200,026 $ 128,311 Less: Current portion of long-term debt (21,816 ) (10,097 ) Discount and deferred financing charges on term loans (2,480 ) — Long-term portion $ 175,730 $ 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. In fiscal year 2013, the Company repaid approximately $73,699 of its term loans from the proceeds of sales of certain of its businesses. 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”) which, 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”), 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”), 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. The Term Loan Agreement has the financial covenants of a minimum interest coverage ratio and maximum leverage ratio. At November 30, 2015 the Company was not in compliance with these Term Loan Agreement financial covenants and has incurred recurring operating losses. To address these matters, management has undertaken certain actions including obtaining an amendment to the Term Loan Agreement. On February 28, 2016, the Company entered into Amendment No. 4 to the Term Loan Agreement (“Amendment No. 4”), refer to Note 24 to the consolidated financial statements. Amendment No. 4 reduces the minimum interest coverage ratio and increases the maximum leverage ratio for the November 30, 2015 compliance period and the fiscal year 2016 compliance periods. At November 30, 2015, the Company was in compliance with these amended financial covenants. Amendment No. 4 also amends the amortization schedule applicable to future term loan payments made by the Company by removing the Company’s obligation to make an amortization payment for the fiscal quarters ending February 29, 2016 and May 31, 2016. Additionally, as the Merger Agreement was being contemplated at the same time as discussed in Note 24 to the consolidated financial statements, as a condition of granting the amendment to the Term Loan Agreement, the Company delivered a fully executed Merger Agreement. 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 was used to pay in full and terminate the Company’s Revolving Loan Agreement. 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 November 30, 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. The Company is also the lessee of equipment under various capital leases with monthly payments of $9 and $9 for November 30, 2015 and 2014, respectively, including interest ranging from approximately 6 to 8%, secured by the leased assets that expire by May 2016. The assets and liabilities under the capital leases are recorded at the fair value of the asset. The assets are amortized over the lower of their related lease terms or its estimated productive life. At November 30, 2015 and 2014, $4,840 and $5,237 of assets from capital leases were included in fixed assets, net.
Future Principal Payments of Long-Term Debt	Future principal payments of long-term debt and capital leases for the next five years are as follows: Year Long-term Capital Total 2016 $ 21,768 $ 1,362 $ 23,130 2017 21,771 1,338 23,109 2018 150,553 1,365 151,918 2019 139 1,392 1,531 2020 142 1,420 1,562 Thereafter 273 12,569 12,842 $ 194,646 $ 19,446 $ 214,092 Less: imputed interest — (14,066 ) (14,066 ) $ 194,646 $ 5,380 $ 200,026

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Nov. 30, 2015
Geographical Sources of Loss before Income Taxes	The geographical sources of loss before income taxes for the years ended November 30, 2015 and 2014 were as follows: Year ended Year ended Income (loss) before income taxes: United States $ (21,079 ) $ (19,065 ) Non-United States 178 1,421 Total $ (20,901 ) $ (17,644 )
Income Tax Expense (Benefit)	The income tax expense (benefit) is summarized as follows: Year ended Year ended Current: United States $ 397 $ 295 Non-United States 1,290 307 1,687 602 Deferred: United States 721 319 Non-United States (1,013 ) 349 (292 ) 668 Income tax expense $ 1,395 $ 1,270
Summary of Consolidated Effective Tax Benefit/(Expense) Rate	The consolidated effective tax benefit/(expense) rate (as a percentage of income (loss) before income taxes is reconciled to the U.S. federal statutory tax rate as follows: Year ended Year ended U.S. federal statutory tax rate 34.0 % 34.0 % Non-deductible expenses (1.6 ) (1.7 ) Effect of foreign tax rates 0.3 0.5 State income taxes, net of federal tax effect 8.2 8.0 Change in valuation allowance (42.6 ) (44.2 ) Change in tax rates (0.5 ) 1.0 Share based compensation — (3.7 ) Repatriation of foreign earnings (2.4 ) (3.0 ) Return to provision adjustments (1.9 ) 2.8 Other (0.2 ) (0.9 ) Effective tax rate benefit/(expense) (6.7 )% (7.2 )%
Components of Deferred Taxes	The components of deferred taxes are as follows as at November 30: 2015 2014 Deferred income tax assets Loss carryforwards $ 21,379 $ 15,879 Deferred Gain 2,683 2,896 Share based compensation 926 918 Inventory 3,006 2,397 Intangible assets 664 — Accruals 959 959 Tax credits 1,458 1,424 Valuation Allowance (29,566 ) (20,657 ) 1,509 3,816 Deferred income tax liabilities Capital assets (904 ) (2,577 ) Intangible assets — (1,518 ) Deferred tax on unremitted earnings (967 ) (521 ) Deferred tax on export sales (3,101 ) (2,944 ) (4,972 ) (7,560 ) $ (3,463 ) $ (3,744 ) 2014 2014 Balance sheet presentation Deferred income tax assets—current $ — $ 561 Deferred income tax assets—long-term (in Other non-current assets) 910 270 Deferred income tax liability—current — — Deferred tax liabilities—long-term (4,373 ) (4,575 ) Net deferred tax liabilities $ (3,463 ) $ (3,744 )
Reconciliation Unrecognized Tax Benefits	For the year ended November 30, 2015, a reconciliation of beginning and ending unrecognized tax benefits is as follows: Balance at November 30, 2014 $ 224 Increases in tax positions taken during a prior period 25 Decreases related to settlement with taxing authorities (101 ) Balance at November 30, 2015 $ 148

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Nov. 30, 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 assumptions detailed below: Year ended Year ended Expected volatility 72.8 % 70.2 % Expected dividends 0 % 0 % Expected term 9.3 years 6 years Risk-free rate 1.48 % 1.58 %
Summary of Common Stock Option Activity	The summary of the common stock options granted, cancelled, exchanged or exercised under the Plan: Shares Weighted Share Options outstanding—November 30, 2013 1,848,485 $ 4.98 Less forfeited (765,175 ) $ 4.90 Exercised — $ — Issued 245,000 $ 2.23 Share Options outstanding—November 30, 2014 1,328,310 $ 4.52 Less forfeited (33,183 ) $ 4.60 Exercised — $ — Issued 707,500 $ 1.98 Share Options outstanding—November 30, 2015 2,002,627 $ 3.62 Share Options exercisable—November 30, 2015 1,265,127 $ 4.57
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 Issued 15,000 $ 2.37 Vested -Stock issued (48,333 ) $ 3.72 RSUs outstanding—November 30, 2014 48,334 $ 3.30 Issued 273,381 $ 1.96 Vested -Stock issued (43,334 ) $ 3.72 RSUs outstanding—November 30, 2015 278,381 $ 1.96 RSUs vested—November 30, 2015 5,000 $ 2.37
Restricted Stock Units and Options Activity Range of Exercise Price	RSUs and Options Outstanding RSUs and Options Exercisable Range of Exercise Price Number of Weighted Weighted Aggregate Number Weighted Aggregate $0.00 – $3.55 1,615,881 $ 2.05 6.97 $ 594 605,000 $ 3.04 $ — $3.56 – $4.99 27,084 $ 3.56 4.90 $ — 27,084 $ 3.56 $ — $5.00 – $6.99 632,209 $ 5.96 4.84 $ — 632,209 $ 5.96 $ — $7.00 – $20.00 5,834 $ 14.07 1.49 $ — 5,834 $ 14.07 $ — 2,281,008 6.34 $ 594 1,270,127 $ —

SUPPLEMENTAL CASH FLOW INFORM42

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Nov. 30, 2015
Supplemental Cash Flow Information	Supplemental cash flow information for the period ended: Year ended Year ended Supplemental Cash Flow Information Cash paid for income taxes $ 1,439 $ 835 Cash paid for interest $ 14,973 $ 9,093 Deferred gain on Sale/Leaseback (note 11c) $ — $ 8,383 Capital lease obligation (note 11c) $ — $ 5,225

EARNINGS (LOSS) PER SHARE OF 43

EARNINGS (LOSS) PER SHARE OF COMMON STOCK (Tables)	12 Months Ended
	Nov. 30, 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): Year ended Year ended 2015 2014 Weighted average shares-basic 55,541,364 55,448,862 Effect of dilutive securities * * Weighted average shares—diluted 55,541,364 55,448,862 * All outstanding options and RSUs aggregating 2,281,008 at November 30, 2015 (1,376,644—2014) incremental shares, and 892,862 warrants at November 30, 2014, have been excluded from the November 30, 2015 and 2014 computations of diluted EPS, as they are anti-dilutive due to the losses generated in each respective year.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Nov. 30, 2015
Future Minimum Rental Payments under Operating Leases	The following is a schedule by years of approximate future minimum rental payments under operating leases that have remaining non-cancelable lease terms in excess of one year as of November 30, 2015. 2016 $ 4,915 2017 4,473 2018 4,470 2019 4,127 2020 3,213 Thereafter 17,346 Total $ 38,544

RESTRUCTURING CHARGES RELATED45

RESTRUCTURING CHARGES RELATED TO CONSOLIDATION OF OPERATIONS (Tables)	12 Months Ended
	Nov. 30, 2015
Details of Restructuring Charges with Respect to 2010 Restructuring Plan	For the years ended November 30, 2015 and 2014, the following table represents the details of restructuring charges: Year ended Year ended Opening balance $ 230 $ — Restructuring charges 3,346 2,217 Accumulated restructuring charges 3,576 2,217 Cash payments (3,312 ) (1,987 ) Ending Balance $ 264 $ 230

SEGMENT INFORMATION AND GEOGR46

SEGMENT INFORMATION AND GEOGRAPHICAL DATA (Tables)	12 Months Ended
	Nov. 30, 2015
Schedule of Segment Reporting Information, by Segment	Year ended November 30, 2015 SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 170,828 $ 19,192 $ 42,260 $ — $ — $ 232,280 Adjusted EBITDA: 21,526 4,098 1,558 — — 27,182 Acquisition related charges 1,438 Restructuring 3,346 Depreciation and amortization 18,333 Interest expense, net 15,779 Amortization of note discounts and deferred financing costs 746 Other adjustments * 8,441 Loss from continuing operations before income taxes $ (20,901 ) Segment assets—as at November 30, 2015 $ 305,267 $ 11,089 $ 21,024 $ 7,645 $ — $ 345,025 Goodwill included in assets—as at November 30, 2015 $ 146,770 $ — $ 2,469 $ — $ — $ 149,239 Purchase of fixed assets, to November 30, 2015 $ 1,139 $ 31 $ 186 $ — $ — $ 1,356 * 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 and other adjustments, lease payments for the State College, Pennsylvania facility and foreign exchange losses. Year ended November 30, 2014 SSC SSIA EMS Corporate Inter Total Revenue from external customers $ 162,454 $ 21,999 $ 42,404 $ — $ — $ 226,857 Adjusted EBITDA: 22,372 3,614 (245 ) — — 25,741 Acquisition related charges 479 Restructuring 2,217 Depreciation and amortization 15,965 Interest expense, net 11,765 Amortization of note discounts and deferred financing costs 10,940 Other adjustments * 2,019 Loss from continuing operations before income taxes $ (17,644 ) Segment assets—as at November 30, 2014 $ 241,246 $ 13,183 $ 24,235 $ 4,176 $ — $ 282,840 Goodwill included in assets—as at November 30, 2014 $ 114,301 $ — $ 2,469 $ — $ — $ 116,770 Purchase of fixed assets, to November 30, 2014 $ 2,126 $ 285 $ 306 $ 16 $ — $ 2,733 * Other adjustments primarily include non-cash inventory provisions, stock based compensation expense, franchise taxes, financing and other adjustments, lease payments for the State College, Pennsylvania facility, foreign exchange losses and a change in benefit liability.
Geographic Distribution of Sales	The geographic distribution of sales is as follows: Year ended Year ended Revenues United States $ 166,915 $ 155,476 United Kingdom 23,177 25,229 Canada 7,164 9,772 China 3,558 5,833 Germany 4,056 4,367 All other countries 27,410 26,180 Total $ 232,280 $ 226,857
Geographic Distribution of Long-Lived Assets	The geographic distribution of long-lived assets is as follows at November 30: 2015 2014 Long-lived assets United States $ 22,410 $ 20,880 United Kingdom 6,923 8,300 Canada 461 901 Mexico 35 30 China 411 453 Germany 6 10 Total $ 30,246 $ 30,574

INTERIM FINANCIAL INFORMATION47

INTERIM FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Nov. 30, 2015
Selected Quarterly Financial Data	The following is a summary of the Company’s selected quarterly financial data for the years ended November 30, 2015 and 2014: Three months ended Year ended Feb. 28, 2015 May 31, 2015 * Aug. 31, 2015 Nov. 30, 2015 Revenues $ 50,850 $ 52,281 $ 67,993 $ 61,156 $ 232,280 Operating expenses 11,826 12,307 16,211 18,255 58,599 Operating income (loss) 1,123 (1,345 ) 1,816 (4,443 ) (2,849 ) Net income (loss) $ (2,179 ) $ (4,292 ) $ (6,296 ) $ (9,529 ) $ (22,296 ) Basic earnings (loss) per share $ (0.04 ) $ (0.08 ) $ (0.11 ) $ (0.17 ) $ (0.40 ) Diluted earnings (loss) per share $ (0.04 ) $ (0.08 ) $ (0.11 ) $ (0.17 ) $ (0.40 ) * On June 8, 2015 API completed the acquisition of Inmet and Weinschel Three months ended Year ended Feb. 28, 2014 May 31, 2014 Aug. 31, 2014 Nov. 30, 2014 Revenues $ 58,918 $ 53,169 $ 56,924 $ 57,846 $ 226,857 Operating expenses 11,778 12,340 12,076 11,318 47,512 Operating income (loss) 1,567 (1,930 ) 2,733 2,214 4,584 Net income (loss) $ (2,124 ) $ (14,984 ) $ (634 ) $ (1,172 ) $ (18,914 ) Basic earnings (loss) per share $ (0.05 ) $ (0.27 ) $ (0.01 ) $ (0.02 ) $ (0.35 ) Diluted earnings (loss) per share $ (0.05 ) $ (0.27 ) $ (0.01 ) $ (0.02 ) $ (0.35 )

Nature of Business and Basis 48

Nature of Business and Basis of Presentation - Additional Information (Detail) - USD ($) $ in Thousands		Jun. 08, 2015	Dec. 31, 2013	Mar. 14, 2013	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2013
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Acquisition of term loan	[1]				$ 193,690	$ 121,730
Repayment of term loans from the proceeds of the sale			$ 14,200	$ 739	$ 13,268	$ 55,716	$ 73,699
Inmet And Weinschel
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
Pennsylvania
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Proceeds from sale and leaseback facility			15,500
Sale and leaseback transaction annual rental payments			$ 1,279
[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. In fiscal year 2013, the Company repaid approximately $73,699 of its term loans from the proceeds of sales of certain of its businesses. 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") which, 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"), 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"), 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. The Term Loan Agreement has the financial covenants of a minimum interest coverage ratio and maximum leverage ratio. At November 30, 2015 the Company was not in compliance with these Term Loan Agreement financial covenants and has incurred recurring operating losses. To address these matters, management has undertaken certain actions including obtaining an amendment to the Term Loan Agreement. On February 28, 2016, the Company entered into Amendment No. 4 to the Term Loan Agreement ("Amendment No. 4"), refer to Note 24 to the consolidated financial statements. Amendment No. 4 reduces the minimum interest coverage ratio and increases the maximum leverage ratio for the November 30, 2015 compliance period and the fiscal year 2016 compliance periods. At November 30, 2015, the Company was in compliance with these amended financial covenants. Amendment No. 4 also amends the amortization schedule applicable to future term loan payments made by the Company by removing the Company's obligation to make an amortization payment for the fiscal quarters ending February 29, 2016 and May 31, 2016. Additionally, as the Merger Agreement was being contemplated at the same time as discussed in Note 24 to the consolidated financial statements, as a condition of granting the amendment to the Term Loan Agreement, the Company delivered a fully executed Merger Agreement. 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 was used to pay in full and terminate the Company's Revolving Loan Agreement.

Summary of Significant Accoun49

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Nov. 30, 2015USD ($)Segment	Nov. 30, 2014USD ($)
Summary Of Significant Accounting Policies [Line Items]
Cash equivalents maturity Period	3 months
Fixed assets held for sale		$ 150
Number of reporting units | Segment	3
Income tax position rate	50.00%
Product defect warranty	1 year
Product warranty accrual	$ 328	325
Advertising costs	$ 849	$ 1,118
Customer Concentration Risk | Revenues | UNITED STATES
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	45.00%	45.00%
Customer Concentration Risk | Revenues | UNITED STATES | Defense Prime Contractor
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	15.00%	12.00%
Customer Concentration Risk | Revenues | CANADA
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	1.00%	2.00%
Customer Concentration Risk | Revenues | UNITED KINGDOM
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	10.00%	9.00%
Customer Concentration Risk | Accounts Receivable | UNITED STATES | Defense Prime Contractor
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	11.00%	10.00%

Fixed Assets Depreciation Perio

Fixed Assets Depreciation Period (Detail)	12 Months Ended
	Nov. 30, 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)	12 Months Ended
	Nov. 30, 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

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands		Jun. 08, 2015	Nov. 30, 2015	Nov. 30, 2015	Nov. 30, 2014
Business Acquisition [Line Items]
Net purchase price				$ 80,000	$ (1,816)
Acquisition of term loan	[1]		$ 193,690	193,690	$ 121,730
Inmet And Weinschel
Business Acquisition [Line Items]
Net purchase price		$ 79,392
Total purchase price		80,000
Working capital adjustment in acquisition		$ 608
Business years of service		40 years
Acquisition of term loan		$ 85,000
Cost incurred in acquisition			1,129	$ 1,129
Revenue			21,421
Net income (loss)			$ 1,062
Inmet And Weinschel | Minimum
Business Acquisition [Line Items]
Intangible assets, estimated lives				4 years
Inmet And Weinschel | 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. In fiscal year 2013, the Company repaid approximately $73,699 of its term loans from the proceeds of sales of certain of its businesses. 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") which, 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"), 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"), 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. The Term Loan Agreement has the financial covenants of a minimum interest coverage ratio and maximum leverage ratio. At November 30, 2015 the Company was not in compliance with these Term Loan Agreement financial covenants and has incurred recurring operating losses. To address these matters, management has undertaken certain actions including obtaining an amendment to the Term Loan Agreement. On February 28, 2016, the Company entered into Amendment No. 4 to the Term Loan Agreement ("Amendment No. 4"), refer to Note 24 to the consolidated financial statements. Amendment No. 4 reduces the minimum interest coverage ratio and increases the maximum leverage ratio for the November 30, 2015 compliance period and the fiscal year 2016 compliance periods. At November 30, 2015, the Company was in compliance with these amended financial covenants. Amendment No. 4 also amends the amortization schedule applicable to future term loan payments made by the Company by removing the Company's obligation to make an amortization payment for the fiscal quarters ending February 29, 2016 and May 31, 2016. Additionally, as the Merger Agreement was being contemplated at the same time as discussed in Note 24 to the consolidated financial statements, as a condition of granting the amendment to the Term Loan Agreement, the Company delivered a fully executed Merger Agreement. 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 was used to pay in full and terminate the Company's Revolving Loan Agreement.

Assets and Liabilities Acquired

Assets and Liabilities Acquired (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2013	Mar. 22, 2012
Business Acquisition [Line Items]
Goodwill	$ 149,239	$ 116,770	$ 116,770
Inmet And Weinschel
Business Acquisition [Line Items]
Accounts receivable and other current assets				$ 6,854
Inventory				12,655
Fixed assets				5,365
Customer, marketing and technology related intangible assets				28,179
Goodwill				32,469
Current liabilities				(6,130)
Total purchase consideration				$ 79,392

Fixed Assets Acquired in Acquis

Fixed Assets Acquired in Acquisition (Detail) - Inmet And Weinschel $ in Thousands	Mar. 22, 2012USD ($)
Business Acquisition [Line Items]
Land	$ 385
Buildings and leasehold improvements	3,397
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	$ 1,361

Summary of Combined Result of O

Summary of Combined Result of Operations Due to Business Acquisitions (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Business Acquisition [Line Items]
Revenues	$ 256,015	$ 273,263
Net loss	$ (17,893)	$ (16,922)
Net loss per share-basic and diluted	$ (0.32)	$ (0.31)

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities (Detail) $ in Thousands	Nov. 30, 2014USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed assets held for sale	$ 150
Total	150
Unobservable Measurement Criteria (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed assets held for sale	150
Total	$ 150

Summary of Assets and Liabiliti

Summary of Assets and Liabilities Measured at Fair Value Based on Unobservable Measure Criteria (Detail) - Assets Held-for-sale - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Balance	$ 150	$ 150
Less: Fixed assets sold	(150)	0
Balance	$ 0	$ 150

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Inventory [Line Items]
Raw materials	$ 34,222	$ 30,509
Work in progress	19,355	16,130
Finished goods	11,666	8,079
Total	$ 65,243	$ 54,718

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Inventory [Line Items]
Inventory reserves	$ 9,343	$ 8,990

Summary of Fixed Assets (Detail

Summary of Fixed Assets (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Property, Plant and Equipment [Line Items]
Fixed Assets, Cost	$ 67,499	$ 55,848
Fixed Assets, Accumulated Depreciation	(37,253)	(25,424)
Fixed Assets, Net Book Value	30,246	30,424
Land
Property, Plant and Equipment [Line Items]
Fixed Assets, Cost	2,874	2,489
Fixed Assets, Net Book Value	2,874	2,489
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Fixed Assets, Cost	21,609	18,832
Fixed Assets, Accumulated Depreciation	(5,490)	(3,706)
Fixed Assets, Net Book Value	16,119	15,126
Computer equipment
Property, Plant and Equipment [Line Items]
Fixed Assets, Cost	4,920	4,643
Fixed Assets, Accumulated Depreciation	(3,775)	(2,925)
Fixed Assets, Net Book Value	1,145	1,718
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Fixed Assets, Cost	2,447	1,166
Fixed Assets, Accumulated Depreciation	(2,052)	(817)
Fixed Assets, Net Book Value	395	349
Machinery and equipment
Property, Plant and Equipment [Line Items]
Fixed Assets, Cost	35,573	28,619
Fixed Assets, Accumulated Depreciation	(25,869)	(17,896)
Fixed Assets, Net Book Value	9,704	10,723
Vehicles
Property, Plant and Equipment [Line Items]
Fixed Assets, Cost	76	99
Fixed Assets, Accumulated Depreciation	(67)	(80)
Fixed Assets, Net Book Value	$ 9	$ 19

Fixed Assets - Additional Infor

Fixed Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Capital Leased Assets [Line Items]
Assets from capital leases, net book value	$ 4,840	$ 5,237
Depreciation expense	6,674	6,652
Amortization of assets under capital lease	397	378
Machinery and equipment
Capital Leased Assets [Line Items]
Assets from capital leases	558	558
Assets from capital leases, accumulated depreciation	(275)	(227)
Assets from capital leases, net book value	283	331
Buildings and leasehold improvements
Capital Leased Assets [Line Items]
Assets from capital leases	5,225	5,225
Assets from capital leases, accumulated depreciation	(668)	(319)
Assets from capital leases, net book value	$ 4,557	$ 4,906

Changes in Goodwill (Detail)

Changes in Goodwill (Detail) $ in Thousands	12 Months Ended
	Nov. 30, 2015USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 116,770
Acquisition of Inmet and Weinschel (note 4)	32,469
Goodwill, ending balance	$ 149,239

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Weighted Average Useful Life (years)	8 years 3 months 18 days	7 years 3 months 18 days
Intangible Assets, Cost	$ 92,605	$ 63,525
Intangible Assets, Accumulated Amortization	(45,677)	(33,677)
Intangible Assets, Net Book Value	$ 46,928	$ 29,848
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Weighted Average Useful Life (years)	2 years	2 years
Intangible Assets, Cost	$ 484	$ 484
Intangible Assets, Accumulated Amortization	$ (484)	$ (484)
Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Weighted Average Useful Life (years)	10 years 1 month 6 days	8 years 7 months 6 days
Intangible Assets, Cost	$ 54,535	$ 33,548
Intangible Assets, Accumulated Amortization	(20,658)	(14,979)
Intangible Assets, Net Book Value	$ 33,877	$ 18,569
Technology
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Weighted Average Useful Life (years)	6 years 9 months 18 days	7 years 7 months 6 days
Intangible Assets, Cost	$ 24,783	$ 19,027
Intangible Assets, Accumulated Amortization	(13,854)	(9,465)
Intangible Assets, Net Book Value	$ 10,929	$ 9,562
Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Weighted Average Useful Life (years)	3 years 6 months	3 years 3 months 18 days
Intangible Assets, Cost	$ 8,641	$ 7,376
Intangible Assets, Accumulated Amortization	(7,583)	(7,280)
Intangible Assets, Net Book Value	$ 1,058	$ 96
Computer Software
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Weighted Average Useful Life (years)	3 years	3 years
Intangible Assets, Cost	$ 3,891	$ 2,848
Intangible Assets, Accumulated Amortization	(2,975)	(1,397)
Intangible Assets, Net Book Value	916	1,451
Patents
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Cost	271	242
Intangible Assets, Accumulated Amortization	(123)	(72)
Intangible Assets, Net Book Value	$ 148	$ 170

Changes in Carrying Amount of I

Changes in Carrying Amount of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Beginning balance, net	$ 29,848	$ 38,780
Intangible assets from business acquisition (note 4)	28,179
Patents and Computer software purchased	560	381
Less: Amortization	(11,659)	(9,313)
Ending balance, net	$ 46,928	$ 29,848

Goodwill and Intangible Asset65

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Goodwill And Other Intangible Assets [Line Items]
Amortization expense	$ 11,659	$ 9,313
Estimated Amortization Expense for Future Fiscal Years 2016	11,384
Estimated Amortization Expense for Future Fiscal Years 2017	9,138
Estimated Amortization Expense for Future Fiscal Years 2018	8,321
Estimated Amortization Expense for Future Fiscal Years 2019	6,932
Estimated Amortization Expense for Future Fiscal Years 2020	3,443
Capitalized computer software development costs	$ 517	$ 1,164

Short-Term Debt - Additional In

Short-Term Debt - Additional Information (Detail) - Nov. 30, 2015 £ in Thousands, $ in Thousands	USD ($)	GBP (£)
UNITED KINGDOM
Debt [Line Items]
Credit facility for subsidiary	$ 376	£ 250

Accounts Payable and Accrued 67

Accounts Payable and Accrued Expenses (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Accounts Payable [Line Items]
Trade accounts payable	$ 22,493	$ 16,843
Accrued expenses	12,551	6,497
Wage and vacation accrual	6,751	4,567
Total	$ 41,795	$ 27,907

Long-Term Debt Obligations (Det

Long-Term Debt Obligations (Detail) - USD ($) $ in Thousands		Nov. 30, 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]	$ 193,690	$ 121,730
Mortgage loan, due 2027, 1.35% above Barclays fixed bank rate	[2]	956	1,151
Capital leases payable	[3]	5,380	5,430
Total Loans		200,026	128,311
Less: Current portion of long-term debt		(21,816)	(10,097)
Discount and deferred financing charges on term loans		(2,480)	0
Long-term portion		$ 175,730	$ 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. In fiscal year 2013, the Company repaid approximately $73,699 of its term loans from the proceeds of sales of certain of its businesses. 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") which, 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"), 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"), 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. The Term Loan Agreement has the financial covenants of a minimum interest coverage ratio and maximum leverage ratio. At November 30, 2015 the Company was not in compliance with these Term Loan Agreement financial covenants and has incurred recurring operating losses. To address these matters, management has undertaken certain actions including obtaining an amendment to the Term Loan Agreement. On February 28, 2016, the Company entered into Amendment No. 4 to the Term Loan Agreement ("Amendment No. 4"), refer to Note 24 to the consolidated financial statements. Amendment No. 4 reduces the minimum interest coverage ratio and increases the maximum leverage ratio for the November 30, 2015 compliance period and the fiscal year 2016 compliance periods. At November 30, 2015, the Company was in compliance with these amended financial covenants. Amendment No. 4 also amends the amortization schedule applicable to future term loan payments made by the Company by removing the Company's obligation to make an amortization payment for the fiscal quarters ending February 29, 2016 and May 31, 2016. Additionally, as the Merger Agreement was being contemplated at the same time as discussed in Note 24 to the consolidated financial statements, as a condition of granting the amendment to the Term Loan Agreement, the Company delivered a fully executed Merger Agreement. 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 was used to pay in full and terminate the Company's Revolving Loan Agreement.
[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 November 30, 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	Mar. 14, 2013	May. 31, 2014	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2013	Feb. 06, 2013
Debt Instrument [Line Items]
Long Term Loans Payable	[1]						$ 193,690	$ 121,730
Repayment of term loans from the proceeds of the sale				$ 14,200	$ 739		$ 13,268	$ 55,716	$ 73,699
Term Loan A
Debt Instrument [Line Items]
Long Term Loans Payable										$ 165,000
Debt instrument maturity date							Feb. 6, 2018
Incremental Term Loan Facility
Debt Instrument [Line Items]
Long Term Loans Payable		$ 85,000	$ 55,000
Debt instrument maturity date							Feb. 6, 2018
Base Rate | Incremental Term Loan Facility
Debt Instrument [Line Items]
Debt instrument, margin plus rate		7.50%
London Interbank Offered Rate (LIBOR) | Incremental Term Loan Facility
Debt Instrument [Line Items]
Debt instrument, margin plus rate		8.50%
Series A Preferred Stock
Debt Instrument [Line Items]
Series A Mandatorily Redeemable Preferred Stock redeemed, shares			26,000			26,000
Write-off of deferred financing cost						$ 10,212
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 Sub Facility
Debt Instrument [Line Items]
Secured revolving credit facility										10,000
Swing Line Loan Subfacility
Debt Instrument [Line Items]
Secured revolving credit facility										$ 5,000
UNITED KINGDOM | Two Thousand Seven Mortgage Agreement [Member]
Debt Instrument [Line Items]
Mortgage agreement term							20 years
Mortgage agreement due date							2,027
Mortgage loan interest charges							1.35%
UNITED KINGDOM | Two Thousand Seven Mortgage Agreement [Member] | Barclays
Debt Instrument [Line Items]
Barclays Fixed Base Rate							0.50%
[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. In fiscal year 2013, the Company repaid approximately $73,699 of its term loans from the proceeds of sales of certain of its businesses. 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") which, 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"), 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"), 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. The Term Loan Agreement has the financial covenants of a minimum interest coverage ratio and maximum leverage ratio. At November 30, 2015 the Company was not in compliance with these Term Loan Agreement financial covenants and has incurred recurring operating losses. To address these matters, management has undertaken certain actions including obtaining an amendment to the Term Loan Agreement. On February 28, 2016, the Company entered into Amendment No. 4 to the Term Loan Agreement ("Amendment No. 4"), refer to Note 24 to the consolidated financial statements. Amendment No. 4 reduces the minimum interest coverage ratio and increases the maximum leverage ratio for the November 30, 2015 compliance period and the fiscal year 2016 compliance periods. At November 30, 2015, the Company was in compliance with these amended financial covenants. Amendment No. 4 also amends the amortization schedule applicable to future term loan payments made by the Company by removing the Company's obligation to make an amortization payment for the fiscal quarters ending February 29, 2016 and May 31, 2016. Additionally, as the Merger Agreement was being contemplated at the same time as discussed in Note 24 to the consolidated financial statements, as a condition of granting the amendment to the Term Loan Agreement, the Company delivered a fully executed Merger Agreement. 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 was used to pay in full and terminate the Company's Revolving Loan Agreement.

Long-Term Debt Obligations - Te

Long-Term Debt Obligations - Term Loan Agreement (Parenthetical) (Detail) - Term Loan A $ in Thousands	12 Months Ended
	Nov. 30, 2015USD ($)
Debt Instrument [Line Items]
Term loan, fully payable date	Feb. 6, 2018
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
London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, margin plus rate	1.50%
Federal Funds Rate
Debt Instrument [Line Items]
Debt instrument, margin plus rate	0.50%
2014 | Base Rate
Debt Instrument [Line Items]
Debt instrument, margin plus rate	6.50%
2014 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, margin plus rate	7.50%
2015 | Base Rate
Debt Instrument [Line Items]
Debt instrument, margin plus rate	7.50%
2015 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, margin plus rate	10.75%
Thereafter | Base Rate
Debt Instrument [Line Items]
Debt instrument, margin plus rate	7.50%
Thereafter | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, margin plus rate	8.50%
Three Month LIBOR Rate Plus | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, margin plus rate	1.00%

Long-Term Debt Obligations - Ca

Long-Term Debt Obligations - Capital Leases (Parenthetical) (Detail) - USD ($) $ in Thousands		Dec. 31, 2013	Nov. 30, 2015	Nov. 30, 2014
Debt Instrument [Line Items]
Capital lease obligation	[1]		$ 5,380	$ 5,430
Capital leases, monthly payment			$ 9	9
Lease expiration date			May 31, 2016
Assets from capital leases included in fixed assets, net			$ 4,840	$ 5,237
Minimum
Debt Instrument [Line Items]
Capital leases, interest rate			6.00%
Maximum
Debt Instrument [Line Items]
Capital leases, interest rate			8.00%
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
[1]	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.

Future Principal Payments of Lo

Future Principal Payments of Long Term Debt (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Scheduleof Longterm Debtincluding Capital Lease Obligation [Line Items]
2,016	$ 21,768
2,017	21,771
2,018	150,553
2,019	139
2,020	142
Thereafter	273
Long-term Debt, Total	194,646
Less: imputed interest	0
Long Term Debt Maturities Repayments Of Principals, Total	194,646
2,016	1,362
2,017	1,338
2,018	1,365
2,019	1,392
2,020	1,420
Thereafter	12,569
Capital Leases, Future Minimum Payments Due, Total	19,446
Less: imputed interest	(14,066)
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Total	5,380
2,016	23,130
2,017	23,109
2,018	151,918
2,019	1,531
2,020	1,562
Thereafter	12,842
Gross	214,092
Less: imputed interest	(14,066)
Net	$ 200,026	$ 128,311

Other Long-Term Liabilities - A

Other Long-Term Liabilities - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Mar. 22, 2012
Asset Retirement Obligations [Line Items]
Asset retirement obligation	$ 1,107	$ 1,154
Deferred rent liabilities	494	62
C-MAC
Asset Retirement Obligations [Line Items]
Asset retirement obligation			$ 967
Asset retirement obligation accretion expense	$ 69	$ 66

Redeemable Preferred Stock - Ad

Redeemable Preferred Stock - Additional Information (Detail) - Series A Preferred Stock - USD ($) $ in Thousands	Mar. 21, 2014	May. 31, 2014	Nov. 30, 2014
Preferred Stock [Line Items]
Series A Mandatorily Redeemable Preferred Stock redeemed, shares	26,000	26,000
Series A Mandatorily Redeemable Preferred Stock redeemed, value	$ 27,600
Other expenses (income), net
Preferred Stock [Line Items]
Gain on redemption			$ 549

Geographical Sources of Loss Be

Geographical Sources of Loss Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Schedule of Income Before Income Tax [Line Items]
United States	$ (21,079)	$ (19,065)
Non-United States	178	1,421
Loss before income taxes	$ (20,901)	$ (17,644)

Income Tax Expense (Benefit) (D

Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Components Of Income Tax Expense Benefit [Line Items]
Income tax expense (benefit), deferred	$ (292)	$ 668
Income tax expense	1,395	1,270
Continuing Operations
Components Of Income Tax Expense Benefit [Line Items]
Income tax expense (benefit), current	1,687	602
Income tax expense (benefit), deferred	(292)	668
Income tax expense	1,395	1,270
Continuing Operations | United States
Components Of Income Tax Expense Benefit [Line Items]
Income tax expense (benefit), current	397	295
Income tax expense (benefit), deferred	721	319
Continuing Operations | Non-United States
Components Of Income Tax Expense Benefit [Line Items]
Income tax expense (benefit), current	1,290	307
Income tax expense (benefit), deferred	$ (1,013)	$ 349

Consolidated Effective Tax Bene

Consolidated Effective Tax Benefit Expense Rate (Detail)	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Schedule Of Effective Tax Rates [Line Items]
U.S. federal statutory tax rate	34.00%	34.00%
Non-deductible expenses	(1.60%)	(1.70%)
Effect of foreign tax rates	0.30%	0.50%
State income taxes, net of federal tax effect	8.20%	8.00%
Change in valuation allowance	(42.60%)	(44.20%)
Change in tax rates	(0.50%)	1.00%
Share based compensation		(3.70%)
Repatriation of foreign earnings	(2.40%)	(3.00%)
Return to provision adjustments	(1.90%)	2.80%
Other	(0.20%)	(0.90%)
Effective tax rate benefit/(expense)	(6.70%)	(7.20%)

Components of Deferred Taxes (D

Components of Deferred Taxes (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Deferred Tax Assets And Liabilities [Line Items]
Loss carryforwards	$ 21,379	$ 15,879
Deferred income tax assets-current		561
Deferred Gain	2,683	2,896
Deferred income tax assets-long-term (in Other non-current assets)	910	270
Share based compensation	926	918
Deferred income tax liability-current	0	0
Inventory	3,006	2,397
Deferred tax liabilities-long-term	(4,373)	(4,575)
Intangible assets	664
Accruals	959	959
Tax credits	1,458	1,424
Valuation Allowance	(29,566)	(20,657)
Deferred Tax Assets	1,509	3,816
Capital assets	(904)	(2,577)
Intangible assets		(1,518)
Deferred tax on unremitted earnings	(967)	(521)
Deferred tax on export sales	(3,101)	(2,944)
Deferred Tax Liabilities	(4,972)	(7,560)
Net deferred tax liabilities	$ (3,463)	$ (3,744)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Income Taxes [Line Items]
Deferred tax assets, Valuation Allowance	$ 29,566	$ 20,657
Deferred Tax Asset, Valuation Allowance, Other Adjustment	8,910
Undistributed earnings on foreign subsidiaries	26,264
Deferred tax liability	967	$ 521
Foreign investment tax credit	54
Unrecognized tax benefits	148
GERMANY
Income Taxes [Line Items]
Deferred tax liability	967
2031 through 2034 | Research Tax Credit Carryforward
Income Taxes [Line Items]
Tax credits	$ 663
Minimum
Income Taxes [Line Items]
Percent likelihood of being realized upon ultimate settlement with the relevant tax authority	50.00%
Federal taxable income
Income Taxes [Line Items]
Net operating loss carryforwards	$ 34,608
Federal taxable income | Earliest Tax Year
Income Taxes [Line Items]
Net operating loss carryforwards, expiration period	2,024
Federal taxable income | Latest Tax Year
Income Taxes [Line Items]
Net operating loss carryforwards, expiration period	2,035
State
Income Taxes [Line Items]
Net operating loss carryforwards	$ 138,533
State | Earliest Tax Year
Income Taxes [Line Items]
Net operating loss carryforwards, expiration period	2,024
State | Latest Tax Year
Income Taxes [Line Items]
Net operating loss carryforwards, expiration period	2,035
Non-United States
Income Taxes [Line Items]
Net operating loss carryforwards	$ 3,979
Non-United States | Earliest Tax Year
Income Taxes [Line Items]
Net operating loss carryforwards, expiration period	2,028
Non-United States | Latest Tax Year
Income Taxes [Line Items]
Net operating loss carryforwards, expiration period	2,035
CANADA | Minimum
Income Taxes [Line Items]
Tax years open to examination	2,011
CANADA | Maximum
Income Taxes [Line Items]
Tax years open to examination	2,015

Reconciliation of Unrecognized

Reconciliation of Unrecognized Tax Benefits (Detail) $ in Thousands	12 Months Ended
	Nov. 30, 2015USD ($)
Reconciliation of Unrecognized Tax Benefits [Line Items]
Balance at beginning of period	$ 224
Increases in tax positions taken during a prior period	25
Decreases related to settlement with taxing authorities	(101)
Balance at end of period	$ 148

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - $ / shares	Mar. 21, 2014	Jan. 22, 2010	Jan. 20, 2010	Oct. 31, 2015	May. 31, 2014	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2013	Nov. 06, 2006
Equity [Line Items]
Common shares, shares authorized						250,000,000	250,000,000
Common shares, shares outstanding						55,850,736	55,397,320
Stock issued, options and RSUs						980,881	245,000	15,000
Series A Preferred Stock
Equity [Line Items]
Series A Mandatorily Redeemable Preferred Stock redeemed, shares	26,000				26,000
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
Common shares issued				423,750
Common Stock
Equity [Line Items]
Common shares issued						423,750
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
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
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	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Jan. 21, 2011	Oct. 22, 2009	Oct. 26, 2006
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Equity incentive plan under common stock			5,875,000	2,125,000	1,250,000
Available for issuance pursuant to option, RSUs, or Stock	2,805,359
Maximum award term	10 years
Stock option exercise price	100.00%
Total unrecognized compensation related non-vested stock options	$ 446
Stock based compensation	$ 952	$ (16)
Market value per share	$ 1.97

Fair Value of Options Granted U

Fair Value of Options Granted Using Black-Scholes Option Pricing Model (Detail)	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	72.80%	70.20%
Expected dividends	0.00%	0.00%
Expected term	9 years 3 months 18 days	6 years
Risk-free rate	1.48%	1.58%

Summary of Common Stock Option

Summary of Common Stock Option Activity (Detail) - $ / shares	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Options
Beginning Balance	1,328,310	1,848,485
Less forfeited	(33,183)	(765,175)
Exercised	0	0
Issued	707,500	245,000
Ending Balance	2,002,627	1,328,310
Stock Options exercisable	1,265,127
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	1.98	2.23
Ending Balance	3.62	$ 4.52
Stock Options exercisable	$ 4.57

Restricted Stock Unit Activity

Restricted Stock Unit Activity (Detail) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Nov. 30, 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	273,381	15,000
Vested -Stock issued	(43,334)	(48,333)
RSUs Outstanding, Ending Balance	278,381	48,334
Weighted Average Grant Date Fair Value, Beginning Balance	$ 3.30	$ 3.72
Vested	5,000
RSUs Issued	$ 1.96	2.37
Vested -Stock issued	3.72	3.72
Weighted Average Grant Date Fair Value, Ending Balance	1.96	$ 3.30
Vested	$ 2.37

Restricted Stock Unit Activit86

Restricted Stock Unit Activity Range of Exercise Price (Detail) - RSUs and Options $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 30, 2015USD ($)$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Outstanding Shares | shares	2,281,008
Options Outstanding, Weighted Average Remaining Life (Years)	6 years 4 months 2 days
Options Outstanding, Aggregate Intrinsic Value | $	$ 594
Options Exercisable, Number Exercisable Shares | shares	1,270,127
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	1,615,881
Options Outstanding, Weighted Average Exercise Price	$ 2.05
Options Outstanding, Weighted Average Remaining Life (Years)	6 years 11 months 19 days
Options Outstanding, Aggregate Intrinsic Value | $	$ 594
Options Exercisable, Number Exercisable Shares | shares	605,000
Options Exercisable, Weighted Average Exercise Price	$ 3.04
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)	4 years 10 months 24 days
Options Exercisable, Number Exercisable Shares | shares	27,084
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)	4 years 10 months 2 days
Options Exercisable, Number 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 5 months 27 days
Options Exercisable, Number Exercisable Shares | shares	5,834
Options Exercisable, Weighted Average Exercise Price	$ 14.07
Options Exercisable, Aggregate Intrinsic Value | $	$ 0

Supplemental Cash Flow Inform87

Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Supplemental Cash Flow Information
Cash paid for income taxes	$ 1,439	$ 835
Cash paid for interest	$ 14,973	9,093
Deferred gain on Sale/Leaseback (note 11c)		8,383
Capital lease obligation (note 11c)		$ 5,225

Supplemental Cash Flow Inform88

Supplemental Cash Flow Information - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended
	Apr. 30, 2015	May. 31, 2014	Feb. 28, 2014
Supplemental Cash Flow Information [Line Items]
Tax refund		$ 402	$ 1,414
Reduction in escrow related to sale	$ 1,500

Earnings Per Share Table (Detai

Earnings Per Share Table (Detail) - shares		12 Months Ended
		Nov. 30, 2015	Nov. 30, 2014
Earnings Per Share [Line Items]
Weighted average shares-basic		55,541,364	55,448,862
Effect of dilutive securities	[1]
Weighted average shares-diluted		55,541,364	55,448,862
[1]	All outstanding options and RSUs aggregating 2,281,008 at November 30, 2015 (1,376,644-2014) incremental shares, and 892,862 warrants at November 30, 2014, have been excluded from the November 30, 2015 and 2014 computations of diluted EPS, as they are anti-dilutive due to the losses generated in each respective year.

Earnings Per Share Table (Paren

Earnings Per Share Table (Parenthetical) (Detail) - shares	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Options and RSUs
Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	2,281,008	1,376,644
Warrants
Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	892,862	892,862

Future Minimum Rental Payments

Future Minimum Rental Payments under Operating Leases (Detail) $ in Thousands	Nov. 30, 2015USD ($)
Future Minimum Payments Receivable [Line Items]
2,016	$ 4,915
2,017	4,473
2,018	4,470
2,019	4,127
2,020	3,213
Thereafter	17,346
Total	$ 38,544

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Oct. 08, 2015	Jan. 20, 2010	Nov. 30, 2015	Nov. 30, 2014
Long-term Purchase Commitment [Line Items]
Rent expense			$ 4,150	$ 3,919
Common shares subscribed but not issued		423,750
Common shares subscribed but not issued value		$ 2,373		2,373
Note payable to plaintiffs	$ 2,500
Shares issued under Asset Purchase Agreement to plaintiffs	550,000
Expected proceeds from shares issued before issuance of additional shares	$ 1,000
Loan amortization period	48 months
Note, prepayment penalty	$ 0
Closing price per share			$ 1.97
Accrual for outstanding legal matters			$ 0	$ 0
Until April 1, 2016
Long-term Purchase Commitment [Line Items]
Note, interest rate	12.00%
Thereafter
Long-term Purchase Commitment [Line Items]
Note, interest rate	18.00%
Equity Based Compensation
Long-term Purchase Commitment [Line Items]
Shares available for issuance		550,000
Common shares issued in escrow		126,250

Restructuring Charges Related93

Restructuring Charges Related to Consolidation of Operations - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 3,346	$ 2,217
Lease impairment accrual	$ 1,671

Restructuring Charges Related94

Restructuring Charges Related to Consolidation of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Restructuring Cost and Reserve [Line Items]
Opening balance	$ 230
Restructuring charges	3,346	$ 2,217
Accumulated restructuring charges	3,576	2,217
Cash payments	(3,312)	(1,987)
Ending Balance	$ 264	$ 230

Segment Information and Geogr95

Segment Information and Geographical Data - Additional Information (Detail)	12 Months Ended
	Nov. 30, 2015Segment
Number of operating segments	3

Segment Reporting Information b

Segment Reporting Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Nov. 30, 2015	Aug. 31, 2015	[1]	May. 31, 2015	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	May. 31, 2014	Feb. 28, 2014	Nov. 30, 2015		Nov. 30, 2014		Nov. 30, 2013
Operating Statistics [Line Items ]
Revenue from external customers	$ 61,156	$ 67,993		$ 52,281	$ 50,850	$ 57,846	$ 56,924	$ 53,169	$ 58,918	$ 232,280		$ 226,857
Adjusted EBITDA:										27,182		25,741
Acquisition related charges										1,438		479
Restructuring										3,346		2,217
Depreciation and amortization										18,333		15,965
Interest expense, net										15,779		11,765
Amortization of note discounts and deferred financing costs										746		10,940
Other adjustments										8,441	[2]	2,019	[3]
Loss before income taxes										(20,901)		(17,644)
Segment assets	345,025					282,840				345,025		282,840
Goodwill included in assets	149,239					116,770				149,239		116,770		$ 116,770
Purchase of fixed assets										1,356		2,733
Operating Segments | Systems, Subsystems And Components
Operating Statistics [Line Items ]
Revenue from external customers										170,828		162,454
Adjusted EBITDA:										21,526		22,372
Segment assets	305,267					241,246				305,267		241,246
Goodwill included in assets	146,770					114,301				146,770		114,301
Purchase of fixed assets										1,139		2,126
Operating Segments | Secure Systems And Information Assurance
Operating Statistics [Line Items ]
Revenue from external customers										19,192		21,999
Adjusted EBITDA:										4,098		3,614
Segment assets	11,089					13,183				11,089		13,183
Purchase of fixed assets										31		285
Operating Segments | Electronic Manufacturing Services
Operating Statistics [Line Items ]
Revenue from external customers										42,260		42,404
Adjusted EBITDA:										1,558		(245)
Segment assets	21,024					24,235				21,024		24,235
Goodwill included in assets	2,469					2,469				2,469		2,469
Purchase of fixed assets										186		306
Corporate
Operating Statistics [Line Items ]
Segment assets	$ 7,645					$ 4,176				$ 7,645		4,176
Purchase of fixed assets												$ 16
[1]	On June 8, 2015 API completed the acquisition of Inmet and Weinschel
[2]	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 and other adjustments, lease payments for the State College, Pennsylvania facility and foreign exchange losses.
[3]	Other adjustments primarily include non-cash inventory provisions, stock based compensation expense, franchise taxes, financing and other adjustments, lease payments for the State College, Pennsylvania facility, foreign exchange losses and a change in benefit liability.

Geographic Distribution of Sale

Geographic Distribution of Sales (Detail) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Nov. 30, 2015	Aug. 31, 2015	[1]	May. 31, 2015	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	May. 31, 2014	Feb. 28, 2014	Nov. 30, 2015	Nov. 30, 2014
Revenue, Major Customer [Line Items]
Revenues	$ 61,156	$ 67,993		$ 52,281	$ 50,850	$ 57,846	$ 56,924	$ 53,169	$ 58,918	$ 232,280	$ 226,857
UNITED STATES
Revenue, Major Customer [Line Items]
Revenues										166,915	155,476
UNITED KINGDOM
Revenue, Major Customer [Line Items]
Revenues										23,177	25,229
CANADA
Revenue, Major Customer [Line Items]
Revenues										7,164	9,772
CHINA
Revenue, Major Customer [Line Items]
Revenues										3,558	5,833
GERMANY
Revenue, Major Customer [Line Items]
Revenues										4,056	4,367
All Other Countries
Revenue, Major Customer [Line Items]
Revenues										$ 27,410	$ 26,180
[1]	On June 8, 2015 API completed the acquisition of Inmet and Weinschel

Geographic Distribution of Long

Geographic Distribution of Long-Lived Assets (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	Nov. 30, 2014
Segment Reporting Information [Line Items]
Long-lived assets	$ 30,246	$ 30,574
UNITED STATES
Segment Reporting Information [Line Items]
Long-lived assets	22,410	20,880
UNITED KINGDOM
Segment Reporting Information [Line Items]
Long-lived assets	6,923	8,300
CANADA
Segment Reporting Information [Line Items]
Long-lived assets	461	901
MEXICO
Segment Reporting Information [Line Items]
Long-lived assets	35	30
CHINA
Segment Reporting Information [Line Items]
Long-lived assets	411	453
GERMANY
Segment Reporting Information [Line Items]
Long-lived assets	$ 6	$ 10

401 K Plan - Additional Informa

401 K Plan - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Defined Contribution Plan Disclosure [Line Items]
Deferred compensation arrangement, matching employer percentage	50.00%
Deferred compensation arrangement, employer's contribution percentage	5.00%
Employees maximum contribution percentage	100.00%
Employer discretionary contribution obligation incurred under the term of the plan	$ 420	$ 189

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									12 Months Ended
	Nov. 30, 2015	Aug. 31, 2015	[1]	May. 31, 2015	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	May. 31, 2014	Feb. 28, 2014	Nov. 30, 2015	Nov. 30, 2014
Selected Quarterly Financial Data [Line Items]
Revenues	$ 61,156	$ 67,993		$ 52,281	$ 50,850	$ 57,846	$ 56,924	$ 53,169	$ 58,918	$ 232,280	$ 226,857
Operating expenses	18,255	16,211		12,307	11,826	11,318	12,076	12,340	11,778	58,599	47,512
Operating income (loss)	(4,443)	1,816		(1,345)	1,123	2,214	2,733	(1,930)	1,567	(2,849)	4,584
Net income (loss)	$ (9,529)	$ (6,296)		$ (4,292)	$ (2,179)	$ (1,172)	$ (634)	$ (14,984)	$ (2,124)	$ (22,296)	$ (18,914)
Basic earnings (loss) per share	$ (0.17)	$ (0.11)		$ (0.08)	$ (0.04)	$ (0.02)	$ (0.01)	$ (0.27)	$ (0.05)	$ (0.40)	$ (0.35)
Diluted earnings (loss) per share	$ (0.17)	$ (0.11)		$ (0.08)	$ (0.04)	$ (0.02)	$ (0.01)	$ (0.27)	$ (0.05)	$ (0.40)	$ (0.35)
[1]	On June 8, 2015 API completed the acquisition of Inmet and Weinschel

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Feb. 28, 2016	Feb. 29, 2016	Nov. 30, 2015	Nov. 30, 2014
Subsequent Event [Line Items]
Common shares, par value			$ 0.001	$ 0.001
Common shares, shares outstanding			55,850,736	55,397,320
Subsequent Event | Merger Agreement with RF1 Holding Company and RF Acquisition Sub, Inc.
Subsequent Event [Line Items]
Date of agreement	Feb. 28, 2016
Common shares, par value	$ 0.001
Cash price per share	$ 2
Merger related conditions	(i) the receipt of the necessary approval of the Merger from the Company’s stockholders, which was obtained by written consent on February 29, 2016; (ii) the absence of any law or order restraining, enjoining or otherwise prohibiting the Merger; and (iii) the expiration or termination of any waiting periods applicable to the consummation of the Merger under applicable antitrust and competition laws.
Termination fee payable if Merger Agreement is canceled	$ 3.5
Merger agreement consumption expiration date	May 27, 2016
Subsequent Event | RF1 Holding Company | Merger Agreement with RF1 Holding Company and RF Acquisition Sub, Inc.
Subsequent Event [Line Items]
Termination fee receivable if Merger Agreement is canceled	$ 5
Subsequent Event | Vintage Albany Acquisition, LLC | Merger Agreement with RF1 Holding Company and RF Acquisition Sub, Inc.
Subsequent Event [Line Items]
Common shares, shares outstanding		22,000,000
Subsequent Event | Steel Excel Inc. | Merger Agreement with RF1 Holding Company and RF Acquisition Sub, Inc.
Subsequent Event [Line Items]
Common shares, shares outstanding		11,377,192
Subsequent Event | Term Loan A
Subsequent Event [Line Items]
Percentage of prepayment premium to be paid on current outstanding principal amount of debt	1.00%
Amortization payment percentage of original face amount of debt instrument	5.00%
Debt amortization payment term	Earlier of (a) May 27, 2016 and (b) the date of termination of the Merger Agreement