Earnings Per Share (Tables)

12 Months Ended

Nov. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings per share were calculated as follows (in thousands, except per share amounts):

	Years Ended November 30,
	2019			2018			2017
Numerator:
Net income	$	268,775		$	170,365		$	180,595
Less: Distributed earnings allocated to nonvested restricted stock	(123		)	(51		)	(56		)
Less: Undistributed earnings allocated to nonvested restricted stock	(1,505		)	(927		)	(1,121		)
Numerator for basic earnings per share	267,147			169,387			179,418
Effect of dilutive securities:
Interest expense and amortization of debt issuance costs associated with convertible senior notes, net of taxes	541			3,190			2,654
Add: Undistributed earnings allocated to nonvested restricted stock	1,505			927			1,121
Less: Undistributed earnings reallocated to nonvested restricted stock	(1,412		)	(805		)	(979		)
Numerator for diluted earnings per share	$	267,781		$	172,699		$	182,214

	Years Ended November 30,
	2019		2018		2017
Denominator:
Weighted average shares outstanding — basic	87,996		87,773		85,842
Effect of dilutive securities:
Share-based payments	4,415		4,884		4,072
Convertible senior notes	1,427		8,402		8,402
Weighted average shares outstanding — diluted	93,838		101,059		98,316
Basic earnings per share	$	3.04	$	1.93	$	2.09
Diluted earnings per share	$	2.85	$	1.71	$	1.85