Summary of Significant Accounting Policies (Tables)

3 Months Ended

Feb. 28, 2022

Accounting Policies [Abstract]

Rollforward of Allowance for Credit Loss

A rollforward of the allowance for credit losses related to our automobile loans for the three months ended February 28, 2022 is as follows (in thousands):

Beginning balance (1)	$	67,236
Provision for doubtful accounts	7,545
Charge-offs, net of recoveries	(4,672)
Ending balance	$	70,109

(1)The beginning balance is at December 1, 2021 and is related to Jefferies’ transfer of its investment in Foursight to us.