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Leases (Tables)

6 Months Ended

May 31, 2020

The components of operating lease cost for the three and six months ended May 31, 2020 were as follows (in thousands):



	Three Months Ended		Six Months Ended
	May 31, 2020		May 31, 2020
Lease costs under long-term operating leases	$	1,799	$	3,757
Lease costs under short-term operating leases	99		144
Variable lease cost under short-term and long-term operating leases⁽¹⁾	82		188
Operating lease right-of-use asset impairment	266		1,189
Total operating lease cost	$	2,246	$	5,278

(1) Lease costs that are not fixed at lease commencement.

The table below presents supplemental cash flow information related to leases during the six months ended May 31, 2020 (in thousands):



	Six Months Ended
	May 31, 2020
Cash paid for leases	$	4,076
Right-of-use assets recognized for new leases and amendments (non-cash)	231

Weighted average remaining lease term in years and weighted average discount rate are as follows:



	May 31, 2020
Weighted average remaining lease term in years	4.67
Weighted average discount rate	2.3	%

Lessee, Operating Lease, Liability, Maturity

Future payments under non-cancellable leases at May 31, 2020 are as follows (in thousands):



Remainder of 2020	$	3,832
2021	5,999
2022	5,299
2023	5,117
2024	5,044
Thereafter	2,736
Total lease payments	28,027
Less imputed interest⁽¹⁾	(1,513		)
Present value of lease liabilities	$	26,514

(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement unless the discount rate is updated as a result of a lease reassessment event.

Schedule of Future Minimum Rental Payments for Operating Leases

As previously disclosed in the Company’s Form 10-K for the fiscal year ended November 30, 2019 and under the previous lease accounting standard, ASC 840, Leases, the following table summarizes the future non-cancelable minimum lease commitments (including office space, copiers, and automobiles) at November 30, 2019 (in thousands):



2020	$	7,453
2021	5,711
2022	4,977
2023	5,017
2024	5,102
Thereafter	2,904
Total	$	31,164