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Income Taxes (Details 1) (USD $)
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3 Months Ended | 9 Months Ended | ||
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Aug. 31, 2012
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Aug. 31, 2011
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Aug. 31, 2012
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Aug. 31, 2011
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| Total income tax expense (benefit) differs from the amount computed by applying the federal statutory income tax rates net investment income and net realized and unrealized gains on investments | ||||
| Application of statutory income tax rate | $ 2,722,054 | $ 427,310 | $ 7,055,010 | $ 2,190,982 |
| State income taxes, net of federal tax benefit | 155,106 | 69,602 | 479,459 | 164,011 |
| Dividends received deduction | 12 | (1,221) | ||
| Other | (88,387) | (14,872) | (88,387) | (23,432) |
| Change in deferred tax valuation allowance | (558,533) | |||
| Total Income tax expense | $ 2,788,785 | $ 482,040 | $ 7,444,861 | $ 1,773,028 |
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to changes in the valuation allowance for deferred tax assets in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to the deduction for dividends paid or received under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference, between total income tax expense or benefit as reported in the Income Statement for the year/accounting period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations, that is attributable to all other items not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference, between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations, that is attributable to state and local income tax expense or benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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