XML 18 R14.htm IDEA: XBRL DOCUMENT
v3.19.3

Balance Sheet Components | 9 Months Ended
--- | ---
Aug. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Balance Sheet Components | NOTE 6—BALANCE SHEET COMPONENTS: Cash, cash equivalents and restricted cash: The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same amounts shown in the Consolidated Statements of Cash Flows:
|  | As of |
|  | August 31, 2019 |  |  | November 30, 2018 |
Cash and cash equivalents |  | $ | 262,279 |  |  | $ | 454,694 |
Restricted cash included in other current assets |  |  | 5,126 |  |  |  | 7,126 |
Restricted cash included in other assets |  |  | — |  |  |  | 213 |
Cash, cash equivalents and restricted cash |  | $ | 267,405 |  |  | $ | 462,033 |
Restricted cash balances relate primarily to temporary restrictions caused by the timing of lockbox collections under borrowing arrangements, the issuance of bank guarantees and a government grant. Accounts receivable, net:
|  | As of |
|  | August 31, 2019 |  |  | November 30, 2018 |
|  |  |  |  |  | (As adjusted) |
Accounts receivable |  | $ | 3,477,932 |  |  | $ | 3,648,975 |
Less: Allowance for doubtful accounts |  |  | (24,956 | ) |  |  | (8,479 | )
Accounts receivable, net |  | $ | 3,452,976 |  |  | $ | 3,640,496 |
Receivables from vendors, net:
|  | As of |
|  | August 31, 2019 |  |  | November 30, 2018 |
|  |  |  |  |  | (As adjusted) |
Receivables from vendors |  | $ | 341,760 |  |  | $ | 357,930 |
Less: Allowance for doubtful accounts |  |  | (3,445 | ) |  |  | (6,186 | )
Receivables from vendors, net |  | $ | 338,315 |  |  | $ | 351,744 |
Property and equipment, net:
|  | As of |
|  | August 31, 2019 |  |  | November 30, 2018 |
Land |  | $ | 40,732 |  |  | $ | 31,102 |
Equipment, computers and software |  |  | 488,223 |  |  |  | 423,467 |
Furniture and fixtures |  |  | 111,028 |  |  |  | 104,474 |
Buildings, building improvements and leasehold improvements |  |  | 413,013 |  |  |  | 368,107 |
Construction-in-progress |  |  | 8,191 |  |  |  | 29,021 |
Total property and equipment, gross |  | $ | 1,061,188 |  |  |  | 956,170 |
Less: Accumulated depreciation |  |  | (508,284 | ) |  |  | (384,844 | )
Property and equipment, net |  | $ | 552,904 |  |  | $ | 571,326 |
Depreciation expense was $39,124 and $123,242 for the three and nine months ended August 31, 2019, respectively, and $22,511 and $67,031 for the three and nine months ended August 31, 2018, respectively. Goodwill:
|  | Technology Solutions |  |  | Concentrix |  |  | Total |
Balance as of November 30, 2018 |  | $ | 427,775 |  |  | $ | 1,775,541 |  |  | $ | 2,203,316 |
Additions/adjustments from acquisitions (See Note 4) |  |  | — |  |  |  | 9,496 |  |  |  | 9,496 |
Foreign exchange translation |  |  | (2,125 | ) |  |  | 3,429 |  |  |  | 1,304 |
Balance as of August 31, 2019 |  | $ | 425,650 |  |  | $ | 1,788,465 |  |  | $ | 2,214,115 |
Intangible assets, net:
|  | As of August 31, 2019 |  |  | As of November 30, 2018 |
|  | Gross Amounts |  |  | Accumulated Amortization |  |  | Net Amounts |  |  | Gross Amounts |  |  | Accumulated Amortization |  |  | Net Amounts |
Customer relationships and lists |  | $ | 1,536,327 |  |  | $ | (470,927 | ) |  | $ | 1,065,400 |  |  | $ | 1,552,322 |  |  | $ | (333,266 | ) |  | $ | 1,219,056 |
Vendor lists |  |  | 178,524 |  |  |  | (63,539 | ) |  |  | 114,985 |  |  |  | 179,019 |  |  |  | (53,318 | ) |  |  | 125,701 |
Technology |  |  | 14,707 |  |  |  | (8,506 | ) |  |  | 6,200 |  |  |  | 14,767 |  |  |  | (7,064 | ) |  |  | 7,704 |
Other intangible assets |  |  | 35,266 |  |  |  | (13,543 | ) |  |  | 21,723 |  |  |  | 35,559 |  |  |  | (10,715 | ) |  |  | 24,844 |
|  | $ | 1,764,824 |  |  | $ | (556,515 | ) |  | $ | 1,208,308 |  |  | $ | 1,781,667 |  |  | $ | (404,363 | ) |  | $ | 1,377,305 |
Amortization expense was $52,428 and $158,150, for the three and nine months ended August 31, 2019, respectively, and $26,197 and $79,183 for the three and nine months ended August 31, 2018, respectively. Estimated future amortization expense of the Company's intangible assets is as follows:
Fiscal years ending November 30, |  |  |  |
2019 (remaining three months) |  | $ | 41,946 |
2020 |  |  | 188,570 |
2021 |  |  | 173,532 |
2022 |  |  | 150,213 |
2023 |  |  | 131,762 |
Thereafter |  |  | 522,286 |
Total |  | $ | 1,208,308 |
Accumulated other comprehensive income (loss): The components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes, are as follows:
|  | Unrecognized gains (losses) on defined benefit plan, net of taxes |  |  | Unrealized gains (losses) on cash flow hedges, net of taxes |  |  | Foreign currency translation adjustment and other, net of taxes |  |  | Total |
Balance as of November 30, 2018 |  | $ | (3,263 | ) |  | $ | 16,920 |  |  | $ | (139,945 | ) |  | $ | (126,288 | )
Opening balance adjustment for the adoption of new accounting guidance |  |  | — |  |  |  | — |  |  |  | (1,955 | ) |  |  | (1,955 | )
Other comprehensive income (loss) before reclassification |  |  | 307 |  |  |  | (71,414 | ) |  |  | (26,334 | ) |  |  | (97,441 | )
Reclassification of (gains) losses from Other comprehensive income (loss) |  |  | — |  |  |  | (9,387 | ) |  |  | — |  |  |  | (9,387 | )
Balance as of August 31, 2019 |  | $ | (2,956 | ) |  | $ | (63,881 | ) |  | $ | (168,234 | ) |  | $ | (235,070 | )
Refer to Note 7 for the location of gains and losses reclassified from other comprehensive income (loss) to the Consolidated Statements of Operations. Foreign currency translation adjustment and other, net of taxes, is comprised of foreign currency translation adjustment and unrealized gains and losses on available-for-sale debt securities. Substantially, all of the balance at both November 30, 2018 and August 31, 2019 represents foreign currency translation adjustment.

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration