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Summary of Significant Accounting Policies (Tables)
6 Months Ended
May 31, 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 and six months ended May 31, 2022 is as follows (in thousands):
Three Months Ended 
May 31, 2022
Six Months Ended 
May 31, 2022
Beginning balance (1)$70,109 $67,236 
Provision for doubtful accounts8,935 16,480 
Charge-offs, net of recoveries(3,384)(8,056)
Ending balance$75,660 $75,660 
(1)The beginning balance for the six months ended May 31, 2022 is at December 1, 2021 and is related to Jefferies’ transfer of its investment in Foursight to us.