• Filing Date: 2020-07-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Recent Accounting Pronouncements (Tables)
6 Months Ended
May 31, 2020
Accounting Changes and Error Corrections [Abstract]  
Schedule of Impact of Adoption of ASU 2016-02 Leases (Topic 842) on Consolidated Financial Statements
In transitioning the application of this guidance, retrospective application to all periods presented in the consolidated financial statements has been performed as follows (in thousands):

 
 
As reported under previous accounting guidance
 
As reported under ASU 2016-02
 
Effect of change
Balance Sheet - November 30, 2019
 
 
 
 
 
 
Assets
 
 
 
 
 
 
Prepaid and other assets
 
$
377

 
353

 
24

Operating lease assets
 

 
132

 
132

Total assets
 
$
165,712

 
$
165,868

 
$
156

 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
Other liabilities
 
$
86

 
39

 
(47
)
Operating lease liability
 

 
203

 
203

Total liabilities
 
123,599

 
123,755

 
156

 
 
 
 
 
 
 
Total stockholders' equity
 
42,113

 
42,113

 

 
 
 
 
 
 
 
Total liabilities and stockholders' equity
 
$
165,712

 
$
165,868

 
$
156

 
 
 
 
 
 
 
Net effect
 
$

 
$

 
$