Earnings Per Share (Tables)

12 Months Ended

Nov. 30, 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):

	Years Ended November 30,
	2024	2023	2022
Numerator:
Net income	$655,018	$590,177	$816,666
Less: Distributed earnings allocated to participating securities	(527)	(413)	(268)
Less: Undistributed earnings allocated to participating securities	(4,301)	(3,861)	(3,904)
Numerator for basic earnings per share	650,190	585,903	812,494
Effect of dilutive securities:
Add: Undistributed earnings allocated to participating securities	4,301	3,861	3,904
Less: Undistributed earnings reallocated to participating securities	(4,179)	(3,744)	(3,796)
Numerator for diluted earnings per share	$650,312	$586,020	$812,602

	Years Ended November 30,
	2024	2023	2022
Denominator:
Weighted average shares outstanding — basic	74,753	80,842	86,861
Effect of dilutive securities:
Share-based payments	2,202	2,538	2,487
Weighted average shares outstanding — diluted	76,955	83,380	89,348
Basic earnings per share	$8.70	$7.25	$9.35
Diluted earnings per share	$8.45	$7.03	$9.09