Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Aug. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill Resulting from Leucadia Transaction Attributable to Reportable Segments and Summary of Changes to Goodwill

Goodwill attributed to our reportable segments are as follows (in thousands):

	August 31, 2016		November 30, 2015
Capital Markets	$	1,642,293	$	1,653,588
Asset Management	3,000		3,000
Total goodwill	$	1,645,293	$	1,656,588

The following table is a summary of the changes to goodwill for the nine months ended August 31, 2016 (in thousands):

Balance at November 30, 2015	$	1,656,588
Translation adjustments	(11,295		)
Balance at August 31, 2016	$	1,645,293

Summary of Intangible Assets

The following tables present the gross carrying amount, dispositions, accumulated amortization, net carrying amount and weighted average amortization period of identifiable intangible assets at August 31, 2016 and November 30, 2015 (dollars in thousands):

	August 31, 2016													Weighted average remaining lives (years)
	Gross cost		Disposals (1)			Impairment losses			Accumulated amortization			Net carrying amount
Customer relationships	$	126,081	$	—		$	—		$	(40,453	)	$	85,628	12.3
Trade name	128,845		—			—			(12,884		)	115,961		31.5
Exchange and clearing organization membership interests and registrations	11,860		(1,379		)	(1,284		)	—			9,197		N/A
Total	$	266,786	$	(1,379	)	$	(1,284	)	$	(53,337	)	$	210,786

(1) Activity is related to the sale of certain exchange and clearing organization membership interests in the Futures reporting unit due to the exit of the business.

	November 30, 2015							Weighted average remaining lives (years)
	Gross cost		Accumulated amortization			Net carrying amount
Customer relationships	$	127,667	$	(34,754	)	$	92,913	12.9
Trade name	131,288		(10,315		)	120,973		32.3
Exchange and clearing organization membership interests and registrations	11,897		—			11,897		N/A
Total	$	270,852	$	(45,069	)	$	225,783

Future Amortization Expense Related to Intangible Assets

The estimated future amortization expense for the five succeeding fiscal years is as follows (in thousands):

Remainder of fiscal 2016	$	3,049
Year ended November 30, 2017	12,198
Year ended November 30, 2018	12,198
Year ended November 30, 2019	12,198
Year ended November 30, 2020	12,198