Earnings Per Common Share (Tables)

12 Months Ended

Nov. 30, 2022

Schedule of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:


	Fiscal Years Ended November 30,
	2022		2021		2020
Basic earnings per common share:
Income from continuing operations attributable to common stockholders(1)	$	646,963	$	391,025	$	330,780
Income from discontinued operations attributable to common stockholders(1)	—		—		192,497
Net income attributable to common stockholders(1)	$	646,963	$	391,025	$	523,276

Weighted-average number of common shares - basic	95,225		62,239		50,900

Basic earnings per common share
Continuing operations	$	6.79	$	6.28	$	6.50
Discontinued operations	—		—		3.78
Total basic earnings per common share	$	6.79	$	6.28	$	10.28

Diluted earnings per common share:
Income from continuing operations attributable to common stockholders(1)	$	646,974	$	391,051	$	330,802
Income from discontinued operations attributable to common stockholders(1)	—		—		192,510
Net income attributable to common stockholders(1)	$	646,974	$	391,051	$	523,313

Weighted-average number of common shares - basic	95,225		62,239		50,900
Effect of dilutive securities:
Stock options and RSUs	284		459		337
Weighted-average number of common shares - diluted	95,509		62,698		51,237

Diluted earnings per common share
Continuing operations	$	6.77	$	6.24	$	6.46
Discontinued operations	—		—		3.76
Total diluted earnings per common share	$	6.77	$	6.24	$	10.21

Anti-dilutive shares excluded from diluted earnings per share calculation	260		16		63

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(1) RSAs granted by the Company are considered participating securities. Income available to participating securities was immaterial in all periods presented.