Commitments And Contingent Liabilities (Tables)

12 Months Ended

Nov. 30, 2023

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, 2023
Right-of-use assets	$	145,812
Lease liabilities	$	154,271
Weighted-average remaining lease term (in years)	7.5
Weighted-average discount rate	3.4%

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, 2023 were as follows:

(In thousands)	Lease Payments
2024	$	33,895
2025	29,836
2026	24,119
2027	19,684
2028 and thereafter	66,355
Total future minimum lease payments (1)	$	173,889
Less: Interest (2)	19,618
Present value of lease liabilities (2)	$	154,271

(1)Future minimum lease payments exclude variable lease costs and short-term lease costs, which were $21.1 million and $2.0 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, 2023, 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 on lease liabilities were as follows:

	Years Ended November 30,
(In thousands)	2023		2022	2021
Rental expense	$	104,653	105,414	84,991