Goodwill and Intangible Assets (Tables)

9 Months Ended

Aug. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table is a summary of the changes to goodwill for the nine months ended August 31, 2022 (in thousands):

Balance at November 30, 2021	$	1,645,317
Currency translation and other adjustments	(12,077)
Balance at August 31, 2022	$	1,633,240

Schedule of Finite-Lived 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, 2022 and November 30, 2021 (dollars in thousands):

	August 31, 2022								Weighted average remaining lives (years)
	Gross cost		Impairment losses		Accumulated amortization		Net carrying amount
Customer relationships	$	124,158	$	—	$	(86,971)	$	37,187	8.5
Trade name	126,624		—		(34,426)		92,198		25.5
Exchange and clearing organization membership interests and registrations	7,404		(39)		—		7,365		N/A
Total	$	258,186	$	(39)	$	(121,397)	$	136,750

	November 30, 2021						Weighted average remaining lives (years)
	Gross cost		Accumulated amortization		Net carrying amount
Customer relationships	$	125,921	$	(83,979)	$	41,942	9.0
Trade name	128,753		(32,244)		96,509		26.3
Exchange and clearing organization membership interests and registrations	7,732		—		7,732		N/A
Total	$	262,406	$	(116,223)	$	146,183

Schedule of Indefinite-Lived 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, 2022 and November 30, 2021 (dollars in thousands):

	August 31, 2022								Weighted average remaining lives (years)
	Gross cost		Impairment losses		Accumulated amortization		Net carrying amount
Customer relationships	$	124,158	$	—	$	(86,971)	$	37,187	8.5
Trade name	126,624		—		(34,426)		92,198		25.5
Exchange and clearing organization membership interests and registrations	7,404		(39)		—		7,365		N/A
Total	$	258,186	$	(39)	$	(121,397)	$	136,750

	November 30, 2021						Weighted average remaining lives (years)
	Gross cost		Accumulated amortization		Net carrying amount
Customer relationships	$	125,921	$	(83,979)	$	41,942	9.0
Trade name	128,753		(32,244)		96,509		26.3
Exchange and clearing organization membership interests and registrations	7,732		—		7,732		N/A
Total	$	262,406	$	(116,223)	$	146,183

Future Amortization Expense Related to Intangible Assets

The estimated future amortization expense for the next five fiscal years is as follows (in thousands):

Remainder of fiscal year 2022	$	2,065
Year ending November 30, 2023	8,258
Year ending November 30, 2024	8,258
Year ending November 30, 2025	8,258
Year ending November 30, 2026	8,258