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Commitments And Contingent Liabilities (Tables) | 12 Months Ended
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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 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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