Quarterly report pursuant to Section 13 or 15(d)

Description of Business, Basis of Presentation and Significant Accounting Policies (Tables)

v3.8.0.1
Description of Business, Basis of Presentation and Significant Accounting Policies (Tables)
9 Months Ended
Aug. 31, 2017
Accounting Policies [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of August 31, 2017 and November 30, 2016, respectively, segregated among the appropriate levels within the fair value hierarchy:

 

            Fair Value Measurements  
     Fair Value at      at August 31, 2017 Using  

Description

   August 31, 2017      Level 1      Level 2      Level 3  

Assets:

           

Trading securities

   $ 117,760      $ 117,760        —          —    

Available-for-sale securities

     406,118        406,118        —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 523,878      $ 523,878        —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 
            Fair Value Measurements  
     Fair Value at      at November 30, 2016 Using  

Description

   November 30, 2016      Level 1      Level 2      Level 3  

Assets:

           

Trading securities

   $ 304,142      $ 304,142        —          —    

Available-for-sale securities

     320,081        320,081        —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 624,223      $ 624,223        —          —