Commitments And Contingent Liabilities (Tables)

12 Months Ended

Nov. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Assets And Liabilities, Lessee

The following table includes additional information about the Company's leases:

(Dollars in thousands)	November 30, 2022
Right-of-use assets	$	149,966
Lease liabilities	$	158,832
Weighted-average remaining lease term (in years)	7.9
Weighted-average discount rate	3.0%

Lessee, Operating Lease, Liability, Maturity

The Company has entered into agreements to lease certain office facilities and equipment under operating leases. Future minimum payments under the noncancellable leases in effect at November 30, 2022 were as follows:

(In thousands)	Lease Payments
2023	$	34,167
2024	28,672
2025	24,049
2026	18,753
2027 and thereafter	73,036
Total future minimum lease payments (1)	$	178,677
Less: Interest (2)	19,845
Present value of lease liabilities (2)	$	158,832

(1)Future minimum lease payments exclude variable lease costs and short-term lease costs, which were $23.0 million and $2.7 million, respectively.

(2)The Company's leases do not include a readily determinable implicit rate. As such, the Company has estimated the discount rate for these leases to determine the present value of lease payments at the lease commencement date or as of December 1, 2019, which was the effective date of ASU 2016-02. As of November 30, 2022, the Company recognized the lease liabilities on its consolidated balance sheets within accounts payable and other liabilities of the respective segments.

Lease, Cost

The Company's rental expense was as follows:

	Years Ended November 30,
(In thousands)	2022		2021	2020
Rental expense	$	105,414	84,991	82,090