Exit Costs (Tables)

9 Months Ended

Aug. 31, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

During the three and nine months ended August 31, 2015, we recorded restructuring and impairment costs as follows (in thousands):

	Three Months Ended   August 31, 2015		Nine Months Ended   August 31, 2015
Severance costs	$	11,373	$	26,932
Accelerated amortization of restricted stock   and restricted cash awards	2,442		6,902
Accelerated amortization of capitalized   software	6,719		12,979
Contract termination costs	11,216		11,216
Other expenses	1,523		3,814
Total	$	33,273	$	61,843

Restructuring and exit costs are wholly attributed to our Capital Markets segment and were recorded in the following categories on the Consolidated Statement of Earnings for the three and nine months ended August 31, 2015 (in thousands):

	Three Months Ended   August 31, 2015		Nine Months Ended   August 31, 2015
Compensation and benefits	$	13,815	$	33,834
Technology and communications	17,935		24,195
Professional services	444		2,477
Other expenses	1,079		1,337
Total	$	33,273	$	61,843

Schedule of Restructuring Reserve

The following summarizes our restructuring reserve activity (in thousands):

	Severance costs			Other costs			Contract termination costs			Total restructuring costs			Accelerated amortization of restricted stock and restricted cash awards		Accelerated amortization of capitalized software		Impairments		Total
Balance at February 28, 2015	$	—		$	—		$	—		$	—
Expenses	26,932			2,735			11,216			40,883			$	6,902	$	12,979	$	1,079	$	61,843
Payments	(13,770		)	(2,507		)	(11,213		)	(27,490		)
Liability at August 31, 2015	$	13,162		$	228		$	3		$	13,393