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Goodwill and Intangible Assets (Tables)
 6 Months Ended
May 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill attributed to our reportable business segments are as follows (in thousands):
 
May 31, 2020
 
November 30, 2019
Investment Banking and Capital Markets
$
1,636,732

 
$
1,640,201

Asset Management
379

 
3,398

Total goodwill
$
1,637,111

 
$
1,643,599

The following table is a summary of the changes to goodwill for the six months ended May 31, 2020 (in thousands):
Balance at November 30, 2019
$
1,643,599

Translation adjustments
(3,488
)
Impairment losses (1)
(3,000
)
Balance at May 31, 2020
$
1,637,111

(1)    Impairment losses are related to our wind down of an asset management platform.
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 May 31, 2020 and November 30, 2019 (dollars in thousands):
 
May 31, 2020
 
Weighted average remaining lives (years)
 
Gross cost
 
Impairment losses
 
Accumulated amortization
 
Net carrying amount
 
Customer relationships (1)
$
125,125

 
$
(26
)
 
$
(71,023
)
 
$
54,076

 
9.6
Trade name (1)
127,822

 
(274
)
 
(26,477
)
 
101,071

 
27.8
Exchange and clearing organization membership interests and registrations
8,215

 
(146
)
 
—

 
8,069

 
N/A
Total
$
261,162

 
$
(446
)
 
$
(97,500
)
 
$
163,216

 
 
(1)    Impairment losses are related to our wind down of an asset management platform.
 
November 30, 2019
 
Weighted average remaining lives (years)
 
Gross cost
 
Accumulated amortization
 
Net carrying amount
 
Customer relationships
$
125,736

 
$
(67,257
)
 
$
58,479

 
9.9
Trade name
128,590

 
(24,800
)
 
103,790

 
28.3
Exchange and clearing organization membership interests and registrations
8,273

 
—

 
8,273

 
N/A
Total
$
262,599

 
$
(92,057
)
 
$
170,542

 
 
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 2020
$
6,091

Year ending November 30, 2021
12,181

Year ending November 30, 2022
9,239

Year ending November 30, 2023
8,258

Year ending November 30, 2024
8,258