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Related Party Transactions
 9 Months Ended
Aug. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS:
The Company has a business relationship with MiTAC Holdings Corporation (“MiTAC Holdings”), a publicly-traded company in Taiwan, which began in 1992 when MiTAC Holdings became one of the Company's primary investors through its affiliates. As of August 31, 2023 and November 30, 2022, MiTAC Holdings and its affiliates beneficially owned approximately 9.9% and 9.7% of the Company’s outstanding common stock, respectively. Mr. Matthew Miau, Chairman Emeritus of the Company’s Board of Directors and a director, is the Chairman of MiTAC Holdings and a director or officer of MiTAC Holdings’ affiliates.
Beneficial Ownership of the Company’s Common Stock by MiTAC Holdings
As noted above, MiTAC Holdings and its affiliates in the aggregate beneficially owned approximately 9.9% of the Company’s outstanding common stock as of August 31, 2023. These shares are owned by the following entities:
As of August 31, 2023
MiTAC Holdings(1)
5,300 
Synnex Technology International Corp.(2)
3,860 
Total9,160 
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(1) Shares are held as follows: 302 shares by Silver Star Developments Ltd. and 2,595 shares by MiTAC International Corp., both of which are wholly-owned subsidiaries of MiTAC Holdings, along with 2,403 shares held directly by MiTAC Holdings. Excludes 196 shares held directly by Mr. Miau, 217 shares indirectly held by Mr. Miau through a charitable remainder trust, and 190 shares held by his spouse.
(2) Synnex Technology International Corp. (“Synnex Technology International”) is a separate entity from the Company and is a publicly-traded corporation in Taiwan. Shares are held via Peer Development Ltd., a wholly-owned subsidiary of Synnex Technology International. MiTAC Holdings owns a noncontrolling interest of 14.1% in MiTAC Incorporated, a privately-held Taiwanese company, which in turn holds a noncontrolling interest of 15.6% in Synnex Technology International. Neither MiTAC Holdings nor Mr. Miau is affiliated with any person(s), entity, or entities that hold a majority interest in MiTAC Incorporated.
The following table presents the Company's transactions with MiTAC Holdings and its affiliates for the periods indicated:
Three Months EndedNine Months Ended
August 31, 2023August 31, 2022August 31, 2023August 31, 2022
Purchases of inventories and services$47,385 $85,113 $129,021 $186,163 
Sale of products to MiTAC Holdings and affiliates2,736 115 8,011 1,251 
Payments made for rent and overhead costs
for use of facilities of MiTAC Holdings and affiliates, net		293 20 850 101 
The following table presents the Company’s receivable from and payable to MiTAC Holdings and its affiliates for the periods presented:
As of
August 31, 2023November 30, 2022
Receivable from related parties (included in Accounts receivable, net)$4,075 $1,222 
Payable to related parties (included in Accounts payable)10,051 30,317