• Filing Date: 2020-07-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Condensed and Consolidated Financial Statements for Entities in Bankruptcy - Condensed and Consolidated Statements of Operations (Details) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Condensed Income Statements, Captions [Line Items]        
Change in fair value of life settlements (Notes 10 & 16) $ 0 $ 4,000 $ 0 $ 6,000
Other income 101,000 46,000 10,817,000 93,000
Total income 9,101,000 (18,754,000) 27,911,000 (52,670,000)
Interest expense 2,473,000 2,775,000 4,867,000 5,538,000
Legal fees 203,000 725,000 1,112,000 720,000
Professional fees 559,000 (57,000) 1,416,000 278,000
Other selling, general and administrative expenses 255,000 98,000 520,000 200,000
Total expenses 4,449,000 3,896,000 8,330,000 7,439,000
Income taxes 0 3,218,000 2,428,000 3,218,000
Net income (loss) from continuing operations 4,652,000 (25,868,000) 17,153,000 (63,327,000)
Subsidiaries | Lamington        
Condensed Income Statements, Captions [Line Items]        
Change in fair value of life settlements (Notes 10 & 16) 0 (17,075,000) 0 (29,825,000)
Other income 0 131,000 0 365,000
Total income 0 (16,944,000) 0 (29,460,000)
Interest expense 0 2,600,000 0 5,000,000
Change in fair value of White Eagle Revolving Credit Facility (Notes 12 & 16) 0 29,071,000 0 43,679,000
Reorganization cost 0 6,742,000 0 8,644,000
Legal fees 0 627,000 0 1,214,000
Professional fees 0 523,000 0 950,000
Administrative service fees - affiliate 0 1,338,000 0 2,765,000
Other selling, general and administrative expenses 0 442,000 0 540,000
Total expenses 0 41,343,000 0 62,792,000
Income taxes 0 0 0 0
Net income (loss) from continuing operations $ 0 $ (58,287,000) $ 0 $ (92,252,000)