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Commitments And Contingent Liabilities (Tables) | 12 Months Ended
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Nov. 30, 2021
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, 2021
Right-of-use assets | $ | 155,616
Lease liabilities | $ | 163,513
Weighted-average remaining lease term (in years) | 8.2
Weighted-average discount rate | 2.8%
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, 2021 were as follows:
(In thousands) | Lease Payments
2022 | $ | 40,387 |
2023 | 28,878 |
2024 | 23,231 |
2025 | 18,797 |
2026 and thereafter | 72,852 |
Total future minimum lease payments (1) | $ | 184,145 |
Less: Interest (2) | 20,632 |
Present value of lease liabilities (2) | $ | 163,513 |
(1)Future minimum lease payments exclude variable lease costs and short-term lease costs, which were $29.2 million and $1.9 million, respectively, for the year ended November 30, 2021. This also does not include minimum lease payments for executed and legally enforceable leases that have not yet commenced. As of November 30, 2021, the minimum lease payments for these leases that have not yet commenced were immaterial. (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. The Company recognized the lease liabilities on its balance sheets within other liabilities of the respective segments.
Lease, Cost | The Company's rental expense was as follows:
| November 30,
(In thousands) | 2021 |  | 2020 |  | 2019
Rental expense | $ | 84,991 |  |  | 82,090 |  |  | 92,178 |

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- Definition Assets And Liabilities, Lessee + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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