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Income Taxes (Tables)

12 Months Ended

Nov. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Pretax Income

The components of pretax income from continuing operations are as follows:

			Fiscal Years Ended November 30,
			2022						2021						2020
United States			$	334,994					$	246,331					$	276,237
Foreign			492,136						220,154						159,910
			$	827,130					$	466,485					$	436,146

Schedule of Provisions for Income Taxes

Significant components of the provision for income taxes are as follows:

			Fiscal Years Ended November 30,
			2022						2021						2020
Current tax provision:
Federal			$	88,745					$	(8,838)					$	56,355
State			35,320						13,916						19,537
Foreign			144,139						66,660						42,252
			$	268,204					$	71,738					$	118,144
Deferred tax provision (benefit):
Federal			$	(31,143)					$	13,597					$	(13,449)
State			(9,471)						(675)						(3,990)
Foreign			(51,767)						(13,244)						904
			$	(92,381)					$	(322)					$	(16,535)
Total tax provision			$	175,823					$	71,416					$	101,609

Schedules of Deferred Tax Assets and Liabilities

The breakdown of net deferred tax assets and liabilities are as follows:

			As of November 30,
			2022						2021
Deferred tax assets			$	46,523					$	27,287
Deferred tax liabilities			(942,250)						(1,015,640)
Total net deferred tax assets (liabilities)			$	(895,727)					$	(988,353)

The significant components of the Company’s deferred tax assets and liabilities are as follows:

			As of November 30,
			2022						2021
Assets:
Loss carryforwards			$	82,192					$	98,472
Lease liabilities			96,236						92,803
Accrued liabilities			104,370						60,897
Foreign tax credit carryforwards			50,090						54,807
Disallowed interest expense			21,271						34,472
Allowance for doubtful accounts and sales return reserves			29,046						28,463
Capitalized inventory costs			6,541						20,527
Unrealized losses on cash flow hedges			3,820						17,668
Acquisition and transaction related costs			10,024						17,808
Share-based compensation expense			15,530						10,855
Deferred revenue			6,958						5,742
Long-lived assets			7,461						4,891
Other, net			2,385						6,303
			435,924						453,708
Less: valuation allowance			(102,891)						(123,435)
Total deferred tax assets			$	333,033					$	330,273
Liabilities:
Long-lived assets			$	(1,112,041)					$	(1,165,400)
Lease right-of-use assets			(96,738)						(99,033)
Deferred costs			(8,214)						(39,672)
Capitalized marketing program costs			(2,949)						(4,977)
Other, net			(8,818)						(9,544)
Total deferred tax liabilities			$	(1,228,760)					$	(1,318,626)
Net deferred tax (liability) asset			$	(895,727)					$	(988,353)

Schedule of Reconciliation of Statutory U.S. Federal Income Tax Rate to Company's Effective Income Tax Rate

The reconciliation of the statutory United States federal income tax rate to the Company’s effective income tax rate is as follows:

			Fiscal Years Ended November 30,
			2022						2021						2020
United States federal statutory income tax rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal income tax benefit			1.8						2.5						2.4
Global intangible low taxed income			0.2						0.6						0.3
Tax on foreign earnings different than US federal rate			(2.5)						1.6						1.7
Net changes in deferred tax valuation allowances			(0.9)						(0.4)						—
Interest not subject to tax, net			0.3						0.2						(1.8)
Capital loss carryback			(1.0)						(9.6)						—
Net changes in reserves for uncertain tax positions			(0.1)						(0.7)						—
Stock compensation related to Tech Data equity awards			1.4						—						—
Other, net			1.1						0.1						(0.4)
Effective income tax rate			21.3		%				15.3		%				23.3		%

Summary of Aggregate Changes in Balances of Gross Unrecognized Tax Benefits

The aggregate changes in the balances of gross unrecognized tax benefits, excluding accrued interest and penalties, during fiscal years 2022, 2021 and 2020 were as follows:

For the year ended November 30:						2022						2021						2020
Gross unrecognized tax benefits at beginning of period						$	26,330					$	12,513					$	22,445
Increases (decreases) in tax positions for prior years and acquisitions						1,069						17,579						(880)
Decreases in tax positions for prior years						(189)						—						(3,097)
Increases in tax positions for current year						955						827						1,999
Expiration of statutes of limitation						(3,074)						(3,768)						(7,486)
Settlements						(3,375)						—						—
Changes due to translation of foreign currencies						(1,021)						(821)						(468)
Gross unrecognized tax benefits at end of period						$	20,695					$	26,330					$	12,513

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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