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EARNINGS PER SHARE
 3 Months Ended
Feb. 29, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE:
Basic and diluted earnings per common share (“EPS”) are computed using the two-class method, which is an earnings allocation formula that determines EPS for each class of common stock and participating security.

Three Months Ended
February 29, 2024February 28, 2023
Basic earnings per common share:
Net income$52,102 $87,870 
Less: net income allocated to participating securities(1)
(2,002)(1,556)
Net income attributable to common stockholders$50,100 $86,314 
Weighted-average number of common shares - basic65,664 51,150 
Basic earnings per common share$0.76 $1.69 
Diluted earnings per common share:
Net income$52,102 $87,870 
Less: net income allocated to participating securities(1)
(1,998)(1,546)
Net income attributable to common stockholders$50,104 $86,324 
Weighted-average number of common shares - basic65,664 51,150 
Effect of dilutive securities:
Stock options and restricted stock units126 326 
Weighted-average number of common shares - diluted65,790 51,476 
Diluted earnings per common share$0.76 $1.68 
(1)Restricted stock awards granted to employees by the Company are considered participating securities. Effective in the fourth quarter of fiscal year 2023, restricted stock units granted are also considered participating securities.