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Earnings Per Share (Tables) | 6 Months Ended
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May 31, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | Basic and diluted earnings per share were calculated as follows (in thousands, except per share amounts):
| Three Months Ended May 31, |  | Six Months Ended May 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |
Net income | $ | 164,442 |  |  | $ | 210,670 |  |  | $ | 289,942 |  |  | $ | 344,927 |
Less: Distributed earnings allocated to nonvested restricted stock | (91) |  |  | (64) |  |  | (176) |  |  | (129) |
Less: Undistributed earnings allocated to nonvested restricted stock | (1,119) |  |  | (957) |  |  | (1,866) |  |  | (1,539) |
Numerator for basic earnings per share | 163,232 |  |  | 209,649 |  |  | 287,900 |  |  | 343,259 |
Effect of dilutive securities: |  |  |  |  |  |  |
Add: Undistributed earnings allocated to nonvested restricted stock | 1,119 |  |  | 957 |  |  | 1,866 |  |  | 1,539 |
Less: Undistributed earnings reallocated to nonvested restricted stock | (1,085) |  |  | (931) |  |  | (1,811) |  |  | (1,495) |
Numerator for diluted earnings per share | $ | 163,266 |  |  | $ | 209,675 |  |  | $ | 287,955 |  |  | $ | 343,303 |
| Three Months Ended May 31, |  | Six Months Ended May 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding — basic | 81,764 |  |  | 87,858 |  |  | 82,607 |  |  | 88,069 |
Effect of dilutive securities: |  |  |  |  |  |  |
Share-based payments | 2,542 |  |  | 2,458 |  |  | 2,534 |  |  | 2,621 |
Weighted average shares outstanding — diluted | 84,306 |  |  | 90,316 |  |  | 85,141 |  |  | 90,690 |
Basic earnings per share | $ | 2.00 |  |  | $ | 2.39 |  |  | $ | 3.49 |  |  | $ | 3.90 |
Diluted earnings per share | $ | 1.94 |  |  | $ | 2.32 |  |  | $ | 3.38 |  |  | $ | 3.79 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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