Earnings Per Share (Tables)

3 Months Ended

Feb. 29, 2024

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
	February 29, 2024		February 28, 2023
Numerator:
Net income	$	138,665	$	125,500
Less: Distributed earnings allocated to participating securities	(117)		(87)
Less: Undistributed earnings allocated to participating securities	(937)		(777)
Numerator for basic earnings per share	137,611		124,636
Effect of dilutive securities:
Add: Undistributed earnings allocated to participating securities	937		777
Less: Undistributed earnings reallocated to participating securities	(909)		(754)
Numerator for diluted earnings per share	$	137,639	$	124,659
Denominator:
Weighted average shares outstanding — basic	75,894		83,468
Effect of dilutive securities:
Share-based payments	2,370		2,527
Weighted average shares outstanding — diluted	78,264		85,995
Basic earnings per share	$	1.81	$	1.49
Diluted earnings per share	$	1.76	$	1.45