Discontinued Operations (Tables)

12 Months Ended

Nov. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations Income Statement

The following table summarizes the financial results from discontinued operations of Concentrix included in the Consolidated Statement of Operations:


	Fiscal Year Ended November 30,
	2020
Revenue	$	4,719,534
Costs and expenses	(4,410,773)
Interest expense and finance charges and others, net	(40,866)
Income from discontinued operations before taxes	267,895
Provision for income taxes	(73,273)
Income from discontinued operations, net of taxes	$	194,622

Summary of Non-Cash Items and Capital Expenditures of Discontinued Operations

During the fiscal year ended November 30, 2020, significant non-cash items and capital expenditures of discontinued operations included in the Consolidated Statement of Cash Flows are outlined below:


	Fiscal Year Ended November 30,
	2020
Operating activities:
Depreciation and amortization	$	276,566
Share-based compensation	15,572
Provision for doubtful accounts	8,139
Deferred income taxes	(29,470)
Unrealized foreign exchange losses	5,647
Investing activities:
Purchases of property and equipment	$	171,332

Schedule of Discontinued Operations Consolidated Balance Sheet

The following table presents assets and liabilities that were transferred to Concentrix as of December 1, 2020:



Cash and cash equivalents	$	152,656
Accounts receivable, net	1,079,086
Other current assets	189,323
Current assets of discontinued operations	$	1,421,065

Property and equipment, net	$	451,649
Goodwill	1,836,050
Intangible assets, net	798,959
Deferred tax assets	47,423
Other assets	620,099
Noncurrent assets of discontinued operations	$	3,754,180

Borrowings, current	$	33,756
Accounts payable	140,575
Accrued compensation and benefits	419,715
Other accrued liabilities	371,069
Income taxes payable	20,725
Current liabilities of discontinued operations	$	985,840

Long-term borrowings	$	1,111,362
Other long-term liabilities	601,885
Deferred tax liabilities	153,560
Noncurrent liabilities of discontinued operations	$	1,866,807