Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Aug. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

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

	August 31, 2017		November 30, 2016
Capital Markets	$	1,640,398	$	1,637,653
Asset Management	3,000		3,000
Total goodwill	$	1,643,398	$	1,640,653

The following table is a summary of the changes to goodwill for the nine months ended August 31, 2017 (in thousands):

Balance at November 30, 2016	$	1,640,653
Translation adjustments	2,745
Balance at August 31, 2017	$	1,643,398

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 August 31, 2017 and November 30, 2016 (dollars in thousands):

	August 31, 2017										Weighted average remaining lives (years)
	Gross cost		Impairment losses			Accumulated amortization			Net carrying amount
Customer relationships	$	125,919	$	—		$	(48,679	)	$	77,240	11.5
Trade name	128,591		—			(16,533		)	112,058		30.5
Exchange and clearing organization membership interests and registrations	9,135		(401		)	—			8,734		N/A
Total	$	263,645	$	(401	)	$	(65,212	)	$	198,032

	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	$	3,049
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