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SHARE-BASED COMPENSATION | 3 Months Ended
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Feb. 29, 2024
Share-Based Payment Arrangement [Abstract] |
SHARE-BASED COMPENSATION | SHARE-BASED COMPENSATION: The Company recognizes share-based compensation expense for all share-based awards made to employees and directors, including employee stock options, restricted stock awards, restricted stock units, and performance-based restricted stock units based on estimated fair values. In February 2024, the Company granted 96 restricted stock units and 115 performance-based restricted stock units under the Concentrix Stock Incentive Plan, which included annual awards to the Company’s senior executive team. The restricted stock units had a weighted average grant date fair value of $89.28 per share and vest over a service period of three years. The performance-based restricted stock units will vest, if at all, upon the achievement of certain financial targets during the three-year period ending November 30, 2026. The performance-based restricted stock units had a grant date weighted average fair value of $85.71 per share. The Company recorded share-based compensation expense in the consolidated statements of operations for the three months ended February 29, 2024 and February 28, 2023 as follows:
| Three Months Ended
| February 29, 2024 |  | February 28, 2023
Total share-based compensation | $ | 21,646 |  |  | $ | 16,754 |
Tax benefit recorded in the provision for income taxes | (5,411) |  |  | (4,188) |
Effect on net income | $ | 16,235 |  | $ | 12,566 |
Share-based compensation expense is included in selling, general and administrative expenses in the consolidated statements of operations.

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