Share-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Share-Based Compensation Expense

The Company recorded share-based compensation expense in the Consolidated Statements of Operations for fiscal years 2021, 2020 and 2019 as follows:

	Fiscal Years Ended November 30,
	2021			2020			2019
Total share-based compensation	$	53,192		$	17,631		$	17,608
Tax benefit recorded in the provision for income taxes		(12,145	)		(4,355	)		(4,367	)
Effect on net income	$	41,047		$	13,276		$	13,241

Summary of Changes in Company Stock Option Activity

 A summary of the changes in the Company’s stock options is set forth below:

	Options Outstanding
	Number of shares			Weighted- average exercise price per share
Balances, November 30, 2020		684		$	47.08
Options granted		239			100.45
Options exercised		(234	)		45.08
Balances, November 30, 2021		689		$	66.29

Schedule of Assumptions Used in Black-Scholes Valuation Model

The Company did not grant any options during the fiscal year 2020. The following assumptions were used in the Black-Scholes valuation model in fiscal years 2021 and 2019:

	Fiscal Years Ended November 30,
	2021	2019
Expected life (years)	5.5 - 6.1	6.0 - 6.1
Risk free interest rate	0.72% - 1.16%	1.59% - 2.62%
Expected volatility	38.01% - 38.85%	32.33% - 33.69%
Dividend yield	0.75% - 0.88%	1.36% - 1.54%

Schedule of Cash Received from Exercise of Options and intrinsic Values of Options Exercised

The cash received from the exercise of options and the intrinsic values of options exercised during fiscal years 2021, 2020 and 2019 were as follows:

	Fiscal Years Ended November 30,
	2021		2020		2019
Intrinsic value of options exercised	$	16,163	$	15,746	$	3,782
Cash received from exercise of options	$	10,541	$	9,018	$	1,908

Summary Changes in Non-vested Restricted Stock Awards and Stock Units

A summary of the changes in the Company’s non-vested restricted stock awards and stock units during fiscal year 2021 is presented below:

	Number of shares			Weighted-average, grant-date fair value per share
Non-vested as of November 30, 2020		824		$	101.94
Awards granted		537			100.04
Units granted		147			96.29
Awards and units vested		(274	)		107.38
Awards and units cancelled/forfeited(1)		(168	)		85.82
Non-vested as of November 30, 2021		1,066		$	100.20

(1) For performance-based restricted stock units, the difference between maximum awards and the actual number of shares issued upon full vesting is included.