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Employee Benefit Plans
3 Months Ended
Feb. 28, 2021
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plans

NOTE 13—EMPLOYEE BENEFIT PLANS:  

The Company has 401(k) plans in the United States under which eligible employees may contribute up to the maximum amount as provided by law. Employees become eligible to participate in these plans on the first day of the month after their employment date. The Company may make discretionary contributions under the plans. Employees in most of the Company's international subsidiaries are covered by

government-mandated defined contribution plans. During the three months ended February 28, 2021 and February 29, 2020, the Company contributed $1,035 and $944, respectively, to defined contribution plans.

The Company has a deferred compensation plan for certain directors and officers. Distributions under the plan are subject to Section 409A of the United States Tax Code. The Company may invest balances in the plan in trading securities reported on recognized exchanges. As of February 28, 2021 and November 30, 2020, the deferred compensation liability balance was $4,662 and $4,628, respectively.

Defined Benefit Plans

The Company has a defined benefit pension plan for eligible employees in certain international subsidiaries. Benefits under these plans are primarily based on years of service and compensation during the years immediately preceding retirement or termination of participation in the plans. The plan assumptions are evaluated annually and are updated as deemed necessary.

During the three months ended February 28, 2021 and February 29, 2020, net periodic pension costs were $132 and $117, respectively, and the Company’s contribution was $0 for both the periods. The plans were underfunded by $1,239 and $1,328 as of February 28, 2021 and November 30, 2020, respectively.