Leases (Tables)

6 Months Ended

May 31, 2022

Leases [Abstract]

Lease, Cost

The components of operating lease cost for the three and six months ended May 31, 2022 were as follows (in thousands):

	Three Months Ended		Six Months Ended
	May 31, 2022		May 31, 2022
Lease costs under long-term operating leases	$	1,820	$	3,584
Lease costs under short-term operating leases	17		31
Variable lease cost under short-term and long-term operating leases(1)	173		294
Total operating lease cost	$	2,010	$	3,909

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

The components of operations lease cost for the three and six months ended May 31, 2021 were as follows (in thousands):

	Three Months Ended		Six Months Ended
	May 31, 2021		May 31, 2021
Lease costs under long-term operating leases	$	2,009	$	4,144
Lease costs under short-term operating leases	4		19
Variable lease cost under short-term and long-term operating leases(1)	35		150
Operating lease right-of-use asset impairment	36		36
Total operating lease cost	$	2,084	$	4,349

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

The table below presents supplemental cash flow information related to leases during the three and six months ended May 31, 2022 (in thousands):

	Three Months Ended		Six Months Ended
	May 31, 2022		May 31, 2022
Cash paid for leases	$	2,191	$	4,337
Right-of-use assets recognized for new leases and amendments (non-cash)	$	80	$	301

The table below presents supplemental cash flow information related to leases during the three and six months ended May 31, 2021 (in thousands):

	Three Months Ended		Six Months Ended
	May 31, 2021		May 31, 2021
Cash paid for leases	$	2,209	$	4,467
Right-of-use assets recognized for new leases and amendments (non-cash)	$	1,309	$	3,647

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

	May 31, 2022		November 30, 2021
Weighted average remaining lease term in years	3.73		4.15
Weighted average discount rate	2.6	%	2.6	%

Lessee, Operating Lease, Liability, Maturity

Future payments under non-cancellable leases are as follows (in thousands):

	May 31, 2022
Remainder of 2022	$	4,343
2023	8,070
2024	7,676
2025	5,005
2026	1,808
Thereafter	1,306
Total lease payments	28,208
Less imputed interest(1)	(1,400)
Present value of lease liabilities	$	26,808

(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.