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.

	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

	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	%