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ACQUISITION (Tables)
 3 Months Ended
Feb. 29, 2024
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions by Acquisition, Contingent Consideration
The preliminary purchase price consideration to acquire Webhelp consisted of the following:
Cash consideration for Shares (1)
$529,160 
Cash consideration for repayment of Webhelp debt and shareholder loan (2)
1,915,197 
Total cash consideration2,444,357 
Equity consideration (3)
1,084,894 
Earnout shares contingent consideration (4)
32,919 
Sellers’ note consideration (5)
711,830 
Total consideration transferred4,274,000 
Less: Cash and restricted cash acquired (6)
499,211 
Total purchase price consideration$3,774,789 
    
(1) Represents the cash consideration paid, and to be paid, in the aggregate amount of €500,000, as adjusted in accordance with the SPA.
(2) Represents the cash consideration paid to repay Webhelp’s outstanding senior loan debt and shareholder loan.
(3) Represents the issuance of 14,862 shares of common stock, par value $0.0001 per share, of Concentrix Corporation (the “Concentrix common stock”).
(4) Represents the contingent right for the Sellers to earn an additional 750 shares of Concentrix common stock (the “Earnout Shares”). The estimated fair value of this contingent consideration was determined using a Monte-Carlo simulation model. The inputs include the closing price of Concentrix common stock as of the Closing Date, Concentrix-specific historical equity volatility, and the risk-free rate. See further details below.
(5) Represents a promissory note issued by Concentrix Corporation in the aggregate principal amount of €700,000 to certain Sellers. See Note 8—Borrowings for a further discussion of this promissory note.
(6) Represents the Webhelp cash and restricted cash balance acquired at the Closing Date.
Schedule of Business Acquisitions
The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date:

As of
September 25, 2023
Assets acquired:
Cash and cash equivalents$310,313 
Accounts receivable455,218 
Other current assets (1)
454,465 
Property and equipment323,606 
Identifiable intangible assets1,984,000 
Goodwill2,098,531 
Deferred tax assets22,541 
Other assets410,085 
6,058,759 
Liabilities assumed:
Accounts payable67,558 
Accrued compensation and benefits246,450 
Other accrued liabilities576,549 
Income taxes payable72,227 
Debt (current portion and long-term)8,589 
Deferred tax liabilities411,788 
Other long-term liabilities401,598 
Total liabilities assumed
1,784,759 
Total consideration transferred$4,274,000 
(1) Includes restricted cash acquired of $188,899.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The preliminary amounts allocated to intangible assets are as follows:

Gross Carrying AmountWeighted-Average Useful Life
Amortization Method
Customer relationships$1,882,000 15 years
Accelerated
Trade name102,000 3 years
Straight-line
Total$1,984,000 
Business Acquisition, Pro Forma Information
The supplemental pro forma financial information for the prior period first fiscal quarter ended February 28, 2023 is as follows:

Three Months Ended
February 28, 2023
Revenue$2,362,015 
Net income 17,482