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Share-Based Compensation (Tables) | 12 Months Ended
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Nov. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Compensation Expense | A summary of share-based compensation expense in the Consolidated Statements of Operations for TD SYNNEX stock incentive plans is presented below:
| Fiscal Years Ended November 30,
| 2023 |  | 2022 |  | 2021
| (currency in thousands)
Selling, general and administrative expenses | $ | 49,273 |  |  | $ | 38,994 |  |  | $ | 33,078 |
Acquisition, integration and restructuring costs | 6,526 |  |  | 6,514 |  |  | 8,289 |
Total share-based compensation expense | $ | 55,799 |  |  | $ | 45,508 |  |  | $ | 41,367 |
Summary of Changes in Company Stock Option Activity | A summary of the changes in the Company’s stock options is set forth below:
| Options Outstanding
(shares in thousands, except per share amounts) | Number of shares |  | Weighted- average exercise price per share
Balances, November 30, 2022 | 677 |  | $ | 72.29 |
Options exercised | (83) |  | 53.46 |
Balances, November 30, 2023 | 594 |  | $ | 74.93 |
Schedule of Assumptions Used in Black-Scholes Valuation Model | The following assumptions were used in the Black-Scholes valuation model in fiscal years 2022 and 2021:
|  |  | Fiscal Years Ended November 30,
|  |  | 2022 |  | 2021
Expected life (years) |  |  | 5.5 |  | 5.5 - 6.1
Risk free interest rate |  |  | 1.73% - 3.92% |  | 0.72% - 1.16%
Expected volatility |  |  | 39.10% - 40.18% |  | 38.01% - 38.85%
Dividend yield |  |  | 1.13% - 1.37% |  | 0.75% - 0.88%
Schedule of Cash Received from Exercise of Options and intrinsic Values of Options Exercised | The cash received from the exercise of stock options and the intrinsic values of stock options exercised during fiscal years 2023, 2022 and 2021 were as follows:
| Fiscal Years Ended November 30,
| 2023 |  | 2022 |  | 2021
| (currency in thousands)
Intrinsic value of options exercised | $ | 3,570 |  |  | $ | 4,682 |  |  | $ | 16,163 |
Cash received from exercise of options | $ | 4,448 |  |  | $ | 3,216 |  |  | $ | 10,541 |
Summary Changes in Non-vested Restricted Stock Awards and Stock Units | A summary of the changes in the Company’s non-vested RSAs and RSUs during fiscal year 2023 is presented below:
(shares in thousands, except per share amounts) | Number of shares |  | Weighted-average, grant-date fair value per share
Non-vested as of November 30, 2022 | 1,307 |  | $ | 95.69 |
Granted | 635 |  | 96.75 |
Vested | (544) |  | 100.07 |
Attainment adjustments(1) | (12) |  | 91.34 |
Cancelled | (79) |  | 92.73 |
Non-vested as of November 30, 2023 | 1,307 |  | $ | 94.92 |
__________________ (1) During the year ended November 30, 2023, t he attainment on PRSUs vested was adjusted to reflect actual performance. The following table summarizes the activity related to these restricted shares during the year ended November 30, 2023:
(share amounts in thousands) |  | Restricted shares
Nonvested as of November 30, 2022 |  | 350
Vested |  | (316)
Canceled |  | (34)
Nonvested as of November 30, 2023 |  | 0

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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