Other Assets

12 Months Ended

Nov. 30, 2024

Other Assets [Abstract]

Other Assets

Other Assets

Other assets consisted of the following (in thousands):

	November 30,
	2024	2023
Cash surrender value of corporate-owned life insurance contracts	$51,912	$53,079
Lease right-of-use assets	18,704	24,725
Prepaid expenses	17,799	15,879
Other	17,505	3,304
Total	$105,920	$96,987

On March 1, 2024, substantially all the assets of an investee company, in which we had an aggregate ownership interest of

approximately 13.5%, held largely through a limited liability company we established to hold the investment, were sold to a

privately held buyer through a merger.  Prior to the sale, certain assets of the investee company that were not included in the

sale were distributed to a separate privately held entity in which we received the same proportionate equity interest.  From the

sale, we received cash plus certain preferred and common equity interests in the buyer.  The estimated fair value of the private

equity interests is included in other assets as of November 30, 2024.  In connection with the sale, we recognized a gain of

$12.5 million, which is included in interest income and other in our consolidated statements of operations for the year ended

November 30, 2024.  Certain of our executives are entitled to receive a portion of the proceeds from the sale transaction,

including any later distributions, pursuant to ownership interests they initially acquired, including our chairman and chief

executive officer who acquired a 3.3% interest, in the relevant limited liability company in 2000 through an incentive program

described in the Proxy Statement for our 2001 Annual Meeting of Stockholders.  These executives vested in their respective

interests three years after their initial acquisition.