Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Feb. 28, 2013

Summary of Goodwill

The following table is a summary of the changes to goodwill for the three months ended February 28, 2013 (in thousands):

	Three Months Ended February 28, 2013
Balance, at beginning of period	$	365,670
Add: Contingent consideration		2,394
Add: Translation adjustments		(1,287	)
Balance, at end of period	$	366,777

Intangible Assets

The following tables present the gross carrying amount, accumulated amortization, net carrying amount and weighted average amortization period of identifiable intangible assets as of February 28, 2013 and November 30, 2012 (in thousands):

	February 28, 2013
	Gross cost		Accumulated amortization			Net carrying amount		Weighted average remaining lives (years)
Exchange and clearing organization membership interests and registrations	$	6,996	$	—		$	6,996		N/A
Customer relationships		10,542		(4,397	)		6,145		7.7
Trade name		1,680		(1,395	)		285		4.0
Other		100		(17	)		83		12.5
	$	19,318	$	(5,809	)	$	13,509

	November 30, 2012
	Gross cost		Impairment losses			Accumulated amortization			Net carrying amount		Weighted average remaining lives (years)
Exchange and clearing organization membership interests and registrations	$	11,219	$	(2,873	)	$	—		$	8,346		N/A
Customer relationships		10,542		—			(4,107	)		6,435		7.9
Trade name		1,680		—			(1,287	)		393		3.5
Other		100		—			(15	)		85		12.8
	$	23,541	$	(2,873	)	$	(5,409	)	$	15,259

Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense for the next five fiscal years are as follows (in thousands):

Fiscal year	Estimated future amortization expense
2013	$	933
2014		926
2015		768
2016		768
2017		707

Mortgage Servicing Rights

The following presents the activity in the balance of these servicing rights for the three months ended February 28, 2013 and year ended November 30, 2012 (in thousands):

	Three Months Ended February 28, 2013			Year Ended November 30, 2012
Balance, beginning of period	$	805		$	8,202
Add: Acquisition		—			162
Less: Sales, net		—			(6,959	)
Less: Pay down		—			(211	)
Less: Amortization		(10	)		(389	)
Balance, end of period	$	795		$	805