Earnings Per Share (Tables)

3 Months Ended

Feb. 28, 2025

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 28, 2025		February 29, 2024
Numerator:
Net income	$	109,557	$	138,665
Less: Distributed earnings allocated to participating securities	(113)		(117)
Less: Undistributed earnings allocated to participating securities	(567)		(937)
Numerator for basic earnings per share	108,877		137,611
Effect of dilutive securities:
Add: Undistributed earnings allocated to participating securities	567		937
Less: Undistributed earnings reallocated to participating securities	(555)		(909)
Numerator for diluted earnings per share	$	108,889	$	137,639
Denominator:
Weighted average shares outstanding — basic	71,537		75,894
Effect of dilutive securities:
Share-based payments	1,475		2,370
Weighted average shares outstanding — diluted	73,012		78,264
Basic earnings per share	$	1.52	$	1.81
Diluted earnings per share	$	1.49	$	1.76