XML 79 R11.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Earnings Per Share | 12 Months Ended
--- | ---
Nov. 30, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic and diluted earnings per share were calculated as follows (in thousands, except per share amounts):
| Years Ended November 30,
| 2019 |  | 2018 |  | 2017
Numerator: |  |  |  |  |
Net income | $ | 268,775 |  |  | $ | 170,365 |  |  | $ | 180,595 |
Less: Distributed earnings allocated to nonvested restricted stock | (123 | ) |  | (51 | ) |  | (56 | )
Less: Undistributed earnings allocated to nonvested restricted stock | (1,505 | ) |  | (927 | ) |  | (1,121 | )
Numerator for basic earnings per share | 267,147 |  |  | 169,387 |  |  | 179,418 |
Effect of dilutive securities: |  |  |  |  |
Interest expense and amortization of debt issuance costs associated with convertible senior notes, net of taxes | 541 |  |  | 3,190 |  |  | 2,654 |
Add: Undistributed earnings allocated to nonvested restricted stock | 1,505 |  |  | 927 |  |  | 1,121 |
Less: Undistributed earnings reallocated to nonvested restricted stock | (1,412 | ) |  | (805 | ) |  | (979 | )
Numerator for diluted earnings per share | $ | 267,781 |  |  | $ | 172,699 |  |  | $ | 182,214 |
| Years Ended November 30,
| 2019 |  | 2018 |  | 2017
Denominator: |  |  |  |  |
Weighted average shares outstanding — basic | 87,996 |  |  | 87,773 |  |  | 85,842 |
Effect of dilutive securities: |  |  |  |  |
Share-based payments | 4,415 |  |  | 4,884 |  |  | 4,072 |
Convertible senior notes | 1,427 |  |  | 8,402 |  |  | 8,402 |
Weighted average shares outstanding — diluted | 93,838 |  |  | 101,059 |  |  | 98,316 |
Basic earnings per share | $ | 3.04 |  |  | $ | 1.93 |  |  | $ | 2.09 |
Diluted earnings per share | $ | 2.85 |  |  | $ | 1.71 |  |  | $ | 1.85 |
The diluted earnings per share calculations for the years ended November 30, 2019, 2018 and 2017 included the dilutive effect of our 1.375% Convertible Senior Notes due 2019 based on the number of days they were outstanding during each period. We repaid these notes at their February 1, 2019 maturity. In 2019, outstanding stock options to purchase a nominal amount of common stock were excluded from the diluted earnings per share calculation because the effect of their inclusion would be antidilutive. In 2018 and 2017, outstanding stock options to purchase .8 million and 1.6 million shares of common stock, respectively, were excluded from the diluted earnings per share calculations because the effect of their inclusion in each case would be antidilutive. Contingently issuable shares associated with outstanding PSUs were not included in the basic earnings per share calculations for the periods presented, as the applicable vesting conditions had not been satisfied.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration