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Commitments And Contingent Liabilities (Tables)
 12 Months Ended
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 rate2.8%
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 
202328,878 
202423,231 
202518,797 
2026 and thereafter72,852 
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)202120202019
Rental expense$84,991 82,090 92,178