Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Feb. 28, 2017

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):

	February 28, 2017		November 30, 2016
Capital Markets	$	1,637,202	$	1,637,653
Asset Management	3,000		3,000
Total goodwill	$	1,640,202	$	1,640,653

The following table is a summary of the changes to goodwill for the three months ended February 28, 2017 (in thousands):

Balance at November 30, 2016	$	1,640,653
Translation adjustments	(451		)
Balance at February 28, 2017	$	1,640,202

Summary of Intangible Assets

The following tables present the gross carrying amount, changes in carrying amount, net carrying amount and weighted average amortization period of identifiable intangible assets at February 28, 2017 and November 30, 2016 (dollars in thousands):

	February 28, 2017										Weighted average remaining lives (years)
	Gross cost		Impairment losses			Accumulated amortization			Net carrying amount
Customer relationships	$	125,357	$	—		$	(44,325	)	$	81,032	11.9
Trade name	127,928		—			(14,620		)	113,308		31.0
Exchange and clearing organization membership interests and registrations	9,059		(357		)	—			8,702		N/A
Total	$	262,344	$	(357	)	$	(58,945	)	$	203,042

	November 30, 2016							Weighted average remaining lives (years)
	Gross cost		Accumulated amortization			Net carrying amount
Customer relationships	$	125,381	$	(42,283	)	$	83,098	12.1
Trade name	128,052		(13,720		)	114,332		31.3
Exchange and clearing organization membership interests and registrations	9,041		—			9,041		N/A
Total	$	262,474	$	(56,003	)	$	206,471

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 2017	$	9,148
Year ended November 30, 2018	12,198
Year ended November 30, 2019	12,198
Year ended November 30, 2020	12,198
Year ended November 30, 2021	12,198