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Assets Held for Sale and Discontinued Operations
 9 Months Ended
Aug. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale and Discontinued Operations Note 5. Assets Held for Sale and Discontinued Operations
Foursight
During the second quarter of 2024, we closed the sale of
Foursight and recognized a gain on sale of $24.2 million, which is
included within Other revenues.
OpNet
In August 2024, we substantially sold all of OpNet’s wholesale
operating assets and recognized a pre-tax gain on sale of
$3.5 million. For the year ended November 30, 2024, the activities
of OpNet’s wholesale operations have been classified as
discontinued operations and OpNet’s results are presented in Net
losses from discontinued operations, net of income tax benefit.
Airplanes
During 2024, we classified certain airplanes related to a sale
leaseback transaction executed with a client by our subsidiary,
Aircadia Leasing II LLC as held for sale. Effective with the
designation of the airplanes as held for sale, we suspended
recording depreciation on these assets. The airplanes are
included within Assets held for sale on our Consolidated
Statements of Financial Condition and had a carrying amount of
$51.9 million at November 30, 2024. During the second quarter of
2025, we agreed to sell the airplanes and we recognized a loss of
$12.8 million during the three months ended May 31, 2025. The
sale closed in the third quarter of 2025.