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Leases (Tables)
12 Months Ended
Nov. 30, 2021
Leases [Abstract]  
Schedule of Various Components of Lease Costs

The following table presents the various components of lease costs. 

 

 

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

 

Schedule of Maturity Analysis of Expected Undiscounted Cash Flows for Operating Leases on an Annual Basis

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.

Schedule of Amounts Recorded in Consolidated Balance Sheet

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

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

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

%