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Equity
6 Months Ended
May 31, 2022
Equity [Abstract]  
EQUITY
NOTE 13—EQUITY:
Share Repurchase Program
In June 2020, the Board of Directors authorized a three-year $400 million share repurchase program, effective July 1, 2020, pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions. As of May 31, 2022, the Company had $347.2 million available for future repurchases of its common stock under the authorized share repurchase program.
The Company's common share repurchase activity for the six months ended May 31, 2022 is summarized as follows:
SharesWeighted-average price per share
Treasury stock balance at November 30, 2021
2,633 $76.40 
Shares of treasury stock repurchased under share repurchase program511 103.21 
Shares of treasury stock repurchased for tax withholdings on equity awards57 102.85 
Treasury stock balance at May 31, 2022
3,201 $81.16 
Dividends
On June 28, 2022, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.30 per common share payable on July 29, 2022 to stockholders of record as of the close of business on July 15, 2022. Future dividends are subject to continued capital availability and declaration by the Board of Directors that the dividend is in the best interest of the Company’s stockholders.