Leases (Tables)

3 Months Ended

Feb. 29, 2020

Operating Lease, Lease Income [Table Text Block]

The following table presents our lease right-of-use assets and lease liabilities as of February 29, 2020 and other information about our leases for the three months ended February 29, 2020 (dollars in thousands):



Lease right-of-use assets (a)	$	32,388
Lease liabilities (b)	33,918
Lease right-of-use assets obtained in exchange for new lease liabilities	3,640
Non-cash operating lease expense	—
Cash payments on lease liabilities	2,743
Weighted-average remaining lease term	5.0 years
Weighted-average discount rate (incremental borrowing rate)	5.1		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

As of February 29, 2020, the future minimum lease payments required under our leases are as follows (in thousands):



Years Ending November 30,
2020	$	7,826
2021	8,342
2022	7,058
2023	5,234
2024	4,289
Thereafter	5,875
Total lease payments	38,624
Less: Interest	(4,706		)
Present value of lease liabilities	$	33,918