Note 13 - Share-based Compensation (Tables)
|
6 Months Ended |
May 31, 2026 |
|---|
| Notes Tables |
|
| Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] |
| |
|
Three months ended May 31,
|
|
|
Six months ended May 31,
|
|
| |
|
2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Stock options
|
|
$ |
1,570 |
|
|
$ |
780 |
|
|
$ |
2,809 |
|
|
$ |
1,239 |
|
|
Performance share unit plan
|
|
|
618 |
|
|
|
560 |
|
|
|
1,192 |
|
|
|
1,015 |
|
|
Deferred share unit plan
|
|
|
80 |
|
|
|
70 |
|
|
|
150 |
|
|
|
139 |
|
| |
|
$ |
2,268 |
|
|
$ |
1,410 |
|
|
$ |
4,151 |
|
|
$ |
2,393 |
|
|
| Share-Based Payment Arrangement, Option, Activity [Table Text Block] |
| |
|
Number of stock options
|
|
|
Weighted- average exercise price per share
|
|
|
Weighted- average
remaining
contractual term
(years)
|
|
|
Aggregate
intrinsic
value
|
|
|
November 30, 2025
|
|
|
9,663,767 |
|
|
$ |
5.32 |
|
|
|
|
|
|
|
|
|
|
Granted
|
|
|
1,232,200 |
|
|
|
8.73 |
|
|
|
|
|
|
|
|
|
|
Exercised – shares issued
|
|
|
(259,177 |
) |
|
|
6.35 |
|
|
|
|
|
|
|
|
|
|
Cashless exercise – options cancelled
|
|
|
(336,757 |
) |
|
|
6.35 |
|
|
|
|
|
|
|
|
|
|
Expired
|
|
|
(674,300 |
) |
|
|
9.91 |
|
|
|
|
|
|
|
|
|
|
Forfeited
|
|
|
(78,699 |
) |
|
|
4.20 |
|
|
|
|
|
|
|
|
|
|
May 31, 2026
|
|
|
9,547,034 |
|
|
$ |
5.39 |
|
|
|
2.82 |
|
|
$ |
30,541 |
|
|
Vested and exercisable as of May 31, 2026
|
|
|
5,502,548 |
|
|
$ |
5.19 |
|
|
|
2.03 |
|
|
$ |
18,591 |
|
|
| Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
| |
|
Six months ended May 31,
|
|
| |
|
2026
|
|
|
2025
|
|
|
Weighted-average assumptions used to value stock option awards:
|
|
|
|
|
|
|
|
|
|
Expected volatility
|
|
|
57.1 |
% |
|
|
52.8 |
% |
|
Risk-free interest rate
|
|
|
3.57 |
% |
|
|
3.63 |
% |
|
Expected forfeiture rate
|
|
|
3.2 |
% |
|
|
3.3 |
% |
|
Expected dividend rate
|
|
|
— |
% |
|
|
— |
% |
|
Expected term of options (years)
|
|
|
4 |
|
|
|
4 |
|
| |
|
|
|
|
|
|
|
|
|
Weighted-average grant-date fair value
|
|
$ |
4.13 |
|
|
$ |
1.94 |
|
|
Intrinsic value of options exercised
|
|
$ |
3,066 |
|
|
$ |
— |
|
|
Cash received from options exercised
|
|
$ |
— |
|
|
$ |
— |
|
|
| Schedule of Nonvested Performance-Based Units Activity [Table Text Block] |
| |
|
Number of PSU awards
|
|
|
Weighted- average
exercise price per award
|
|
|
Aggregate
intrinsic value
|
|
|
November 30, 2025
|
|
|
2,074,300 |
|
|
$ |
4.65 |
|
|
|
|
|
|
Expired
|
|
|
(495,500 |
) |
|
|
5.78 |
|
|
|
|
|
|
Forfeited
|
|
|
(102,300 |
) |
|
|
4.14 |
|
|
|
|
|
|
Granted
|
|
|
425,900 |
|
|
|
9.11 |
|
|
|
|
|
|
May 31, 2026
|
|
|
1,902,400 |
|
|
$ |
5.38 |
|
|
$ |
11,820 |
|
|
| Schedule of Share-Based Payment Award, Performance Share Units, Valuation Assumptions [Table Text Block] |
| |
|
Six months ended
|
|
| |
|
May 31,
|
|
|
May 31,
|
|
| |
|
2026
|
|
|
2025
|
|
|
Weighted-average assumptions used to value PSU awards:
|
|
|
|
|
|
|
|
|
|
Expected volatility of Company shares
|
|
|
59.3 |
% |
|
|
54.8 |
% |
|
Expected volatility of TSX index
|
|
|
31.4 |
% |
|
|
29.7 |
% |
|
Expected correlation between Company shares and TSX
|
|
|
59.0 |
% |
|
|
63.2 |
% |
|
Risk-free interest rate
|
|
|
2.47 |
% |
|
|
2.60 |
% |
|
Expected term of PSUs (years)
|
|
|
3 |
|
|
|
3 |
|
| |
|
|
|
|
|
|
|
|
|
Number of PSUs granted
|
|
|
425,900 |
|
|
|
849,200 |
|
|
Weighted-average grant-date fair value
|
|
$ |
9.11 |
|
|
$ |
4.41 |
|
|