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Balance Sheet Components | 3 Months Ended
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Feb. 28, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Balance Sheet Components | NOTE 5—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 |
|  | February 28, 2021 |  |  | November 30, 2020 |
Cash and cash equivalents |  | $ | 1,443,748 |  |  | $ | 1,412,016 |
Restricted cash included in other current assets |  |  | 477 |  |  |  | 504 |
Cash, cash equivalents and restricted cash |  | $ | 1,444,225 |  |  | $ | 1,412,520 |
Accounts receivable, net:
|  | As of |
|  | February 28, 2021 |  |  | November 30, 2020 |
Accounts receivable |  | $ | 2,445,732 |  |  | $ | 2,859,064 |
Less: Allowance for doubtful accounts |  |  | (64,668 | ) |  |  | (67,361 | )
Accounts receivable, net |  | $ | 2,381,064 |  |  | $ | 2,791,703 |
Receivables from vendors, net:
|  | As of |
|  | February 28, 2021 |  |  | November 30, 2020 |
Receivables from vendors |  | $ | 267,690 |  |  | $ | 291,453 |
Less: Allowance for doubtful accounts |  |  | (5,708 | ) |  |  | (5,125 | )
Receivables from vendors, net |  | $ | 261,982 |  |  | $ | 286,327 |
Property and equipment, net:
|  | As of |
|  | February 28, 2021 |  |  | November 30, 2020 |
Land |  | $ | 18,498 |  |  | $ | 18,400 |
Equipment, computers and software |  |  | 146,530 |  |  |  | 143,791 |
Furniture and fixtures |  |  | 30,356 |  |  |  | 30,355 |
Buildings, building improvements and leasehold improvements |  |  | 148,509 |  |  |  | 147,830 |
Construction-in-progress |  |  | 2,132 |  |  |  | 1,732 |
Total property and equipment, gross |  | $ | 346,025 |  |  | $ | 342,108 |
Less: Accumulated depreciation |  |  | (190,156 | ) |  |  | (184,464 | )
Property and equipment, net |  | $ | 155,869 |  |  | $ | 157,645 |
Depreciation expense was $6,246 and $5,876 for the three months ended February 28, 2021 and February 29, 2020, respectively. Goodwill:
|  | Amount |  |
Balance as of November 30, 2020 |  | $ | 423,885 |  |
Foreign exchange translation |  |  | 104 |  |
Balance as of February 28, 2021 |  | $ | 423,989 |  |
Intangible assets, net:
|  | As of February 28, 2021 |  |  | As of November 30, 2020 |
|  | Gross Amounts |  |  | Accumulated Amortization |  |  | Net Amounts |  |  | Gross Amounts |  |  | Accumulated Amortization |  |  | Net Amounts |
Customer relationships and lists |  | $ | 175,368 |  |  | $ | (105,165 | ) |  | $ | 70,203 |  |  | $ | 175,812 |  |  | $ | (101,095 | ) |  | $ | 74,717 |
Vendor lists |  |  | 177,486 |  |  |  | (86,313 | ) |  |  | 91,173 |  |  |  | 177,555 |  |  |  | (82,187 | ) |  |  | 95,368 |
Trade name and others |  |  | 28,312 |  |  |  | (13,134 | ) |  |  | 15,178 |  |  |  | 28,349 |  |  |  | (12,387 | ) |  |  | 15,962 |
Total |  | $ | 381,166 |  |  | $ | (204,612 | ) |  | $ | 176,554 |  |  | $ | 381,716 |  |  | $ | (195,669 | ) |  | $ | 186,047 |
Amortization expense was $9,369 and $10,188, for the three months ended February 28, 2021 and February 29, 2020, respectively. Estimated future amortization expense of the Company’s intangible assets is as follows:
Fiscal years ending November 30, |  |  |  |
2021 (remaining nine months) |  | $ | 27,887 |
2022 |  |  | 34,323 |
2023 |  |  | 30,524 |
2024 |  |  | 25,613 |
2025 |  |  | 22,168 |
Thereafter |  |  | 36,039 |
Total |  | $ | 176,554 |
Accumulated other comprehensive income (loss): The components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes, were as follows:
|  | Unrecognized gains (losses) on defined benefit plans, 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, 2020 |  | $ | (37,584 | ) |  | $ | (60,147 | ) |  | $ | (96,840 | ) |  | $ | (194,571 | )
Transferred to Concentrix |  |  | 38,655 |  |  |  | (29,240 | ) |  |  | (5,602 | ) |  |  | 3,813 |
Other comprehensive income (loss) before reclassification |  |  | — |  |  |  | 3,017 |  |  |  | (20 | ) |  |  | 2,997 |
Reclassification of (gains) losses from Other comprehensive income (loss) |  |  | — |  |  |  | 7,788 |  |  |  | — |  |  |  | 7,788 |
Balance as of February 28, 2021 |  | $ | 1,071 |  |  | $ | (78,582 | ) |  | $ | (102,462 | ) |  | $ | (179,973 | )
Refer to Note 6 - Derivative Instruments for the location of gains and losses reclassified from other comprehensive income to the Consolidated Statements of Operations. Reclassifications of amortization of actuarial (gains) losses of defined benefits plans is recorded in "Other income, net" in the combined statement of operations. Foreign currency translation adjustment and other, net of taxes, is comprised of foreign currency translation adjustments and unrealized gains and losses on Concentrix’ available-for-sale debt securities prior to the Separation.

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- 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
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