Commitments And Contingent Liabilities (Tables)

12 Months Ended

Nov. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Assets And Liabilities, Lessee

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

(Dollars in thousands)	At November 30, 2024
Right-of-use assets	$	275,248
Lease liabilities	$	262,119
Weighted-average remaining lease term (in years)	4.7
Weighted-average discount rate	5.0%

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, 2024 were as follows:

(In thousands)	Lease Payments
2025	$	98,143
2026	61,238
2027	38,911
2028	30,326
2029 and thereafter	65,188
Total future minimum lease payments (1)	$	293,806
Less: Interest (2)	31,687
Present value of lease liabilities (2)	$	262,119

(1)Total future minimum lease payments exclude variable lease costs of $24.6 million and short-term lease costs of $2.2 million.

(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, 2024, 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)	2024		2023	2022
Rental expense	$	125,621	104,653	105,414