The Company leases certain of its facilities and equipment under operating lease agreements, which expire in various periods through 2035. The Company’s finance leases are not material.

	Fiscal Years Ended November 30,
	2021			2020
Operating lease cost	$	48,167		$	24,394
Short-term and variable lease cost		5,618			4,207
Sublease income		(223	)		(7	)
Total operating lease cost	$	53,562		$	28,594

The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five years and thereafter as of November 30, 2021:

Fiscal Years Ending November 30,
2022	$	110,857
2023		83,108
2024		64,509
2025		52,739
2026		43,860
Thereafter		193,292
Total payments	$	548,365
Less: imputed interest*		(85,722	)
Total present value of lease payments	$	462,643

*Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.

During the fiscal year ended November 30, 2019, rent expense was $28,186. Sublease income was immaterial for this year.

The following amounts were recorded in the Company's Consolidated Balance Sheet as of November 30, 2021 and 2020:

Operating leases	Balance sheet location	November 30, 2021		November 30, 2020
Operating lease ROU assets	Other assets, net	$	447,122	$	70,575
Current operating lease liabilities	Other accrued liabilities		109,490		23,055
Non-current operating lease liabilities	Other long-term liabilities		353,153		53,130

The following table presents supplemental cash flow information related to the Company's operating leases for the fiscal years ended November 30, 2021 and 2020. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:

	Fiscal Years Ended November 30,
Cash flow information	2021		2020
Cash paid for amounts included in the measurement of lease liabilities	$	29,887	$	22,954
Non-cash ROU assets obtained in exchange for lease liabilities (subsequent to initial adoption)		34,179		25,172

The weighted-average remaining lease term and discount rate as of November 30, 2021 and 2020 were as follows:

Operating lease term and discount rate	2021			2020
Weighted-average remaining lease term (years)		8.11			4.67
Weighted-average discount rate		4.05	%		4.15	%