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Leases | 3 Months Ended
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Feb. 28, 2021
Leases [Abstract] |
Leases | NOTE 15—LEASES: The Company leases certain of its facilities and equipment under operating lease agreements, which expire in various periods through 2030. The Company’s finance leases are not material. The following table presents the various components of lease costs.
|  | Three Months Ended |
|  | February 28, 2021 |  |  | February 29, 2020 |
Operating lease cost |  | $ | 6,274 |  |  | $ | 5,472 |
Short-term lease cost |  |  | 6 |  |  |  | 125 |
Variable lease cost |  |  | 794 |  |  |  | 1,113 |
Sublease income |  |  | — |  |  |  | (7 | )
Total operating lease cost |  | $ | 7,074 |  |  | $ | 6,703 |
The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five years and thereafter as of February 29, 2020:
Fiscal Years Ending November 30, |  |  |  |
2021 (remaining nine months) |  | $ | 16,932 |
2022 |  |  | 19,914 |
2023 |  |  | 13,921 |
2024 |  |  | 10,390 |
2025 |  |  | 5,240 |
Thereafter |  |  | 11,211 |
Total payments |  | $ | 77,608 |
Less: imputed interest* |  |  | 7,656 |
Total present value of lease payments |  | $ | 69,952 |
*Imputed interest represents the difference between undiscounted cash flows and discounted cash flows. The following amounts were recorded in the Company's Consolidated Balance Sheet as of:
Operating leases |  | Balance sheet location |  | February 28, 2021 |  |  | November 30, 2020 |
Operating lease Right of Use ("ROU") assets |  | Other assets, net |  | $ | 64,424 |  |  | $ | 70,575 |
Current operating lease liabilities |  | Other accrued liabilities |  |  | 22,389 |  |  |  | 23,055 |
Noncurrent operating lease liabilities |  | Other long-term liabilities |  |  | 47,563 |  |  |  | 53,130 |
The following table presents supplemental cash flow information related to the Company's operating leases for the three months ended February 28, 2021 and February 29, 2020. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
|  | Three months ended |
Cash flow information |  | February 28, 2021 |  |  | February 29, 2020 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 6,315 |  |  | $ | 5,448 |
Non-cash ROU assets obtained in exchange for lease liabilities (subsequent to initial adoption) |  |  | 712 |  |  |  | 1,296 |
The weighted-average remaining lease term and discount rate were as follows:
|  | Three months ended |
Operating lease term and discount rate |  | February 28, 2021 |  |  | February 29, 2020 |
Weighted-average remaining lease term (years) |  |  | 4.56 |  |  |  | 4.61 |
Weighted-average discount rate |  |  | 4.17 | % |  |  | 4.34 | %

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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