Earnings Per Share (Tables)

6 Months Ended

May 31, 2023

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):

	Three Months Ended May 31,				Six Months Ended May 31,
	2023		2022		2023		2022
Numerator:
Net income	$	164,442	$	210,670	$	289,942	$	344,927
Less: Distributed earnings allocated to nonvested restricted stock	(91)		(64)		(176)		(129)
Less: Undistributed earnings allocated to nonvested restricted stock	(1,119)		(957)		(1,866)		(1,539)
Numerator for basic earnings per share	163,232		209,649		287,900		343,259
Effect of dilutive securities:
Add: Undistributed earnings allocated to nonvested restricted stock	1,119		957		1,866		1,539
Less: Undistributed earnings reallocated to nonvested restricted stock	(1,085)		(931)		(1,811)		(1,495)
Numerator for diluted earnings per share	$	163,266	$	209,675	$	287,955	$	343,303

	Three Months Ended May 31,				Six Months Ended May 31,
	2023		2022		2023		2022
Denominator:
Weighted average shares outstanding — basic	81,764		87,858		82,607		88,069
Effect of dilutive securities:
Share-based payments	2,542		2,458		2,534		2,621
Weighted average shares outstanding — diluted	84,306		90,316		85,141		90,690
Basic earnings per share	$	2.00	$	2.39	$	3.49	$	3.90
Diluted earnings per share	$	1.94	$	2.32	$	3.38	$	3.79