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INCOME TAXES (Tables) | 12 Months Ended
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Nov. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The sources of income before the provision for income taxes are as follows:
| Fiscal Years Ended November 30,
| 2024 |  | 2023 |  | 2022
United States | $ | 4,279 |  |  | $ | (51,820) |  |  | $ | 7,883 |
Foreign | 294,995 |  |  | 460,048 |  |  | 597,120 |
Total income before income taxes | $ | 299,274 |  |  | $ | 408,228 |  |  | $ | 605,003 |
Schedule of Components of Income Tax Expense (Benefit) | Provision for income taxes consists of the following:
| Fiscal Years Ended November 30,
| 2024 |  | 2023 |  | 2022
Current tax provision: |  |  |  |  |
Federal | $ | 89,987 |  |  | $ | 78,961 |  |  | $ | 65,423 |
State | 7,734 |  |  | 11,064 |  |  | 5,151 |
Foreign | 185,584 |  |  | 126,072 |  |  | 129,613 |
| $ | 283,305 |  |  | $ | 216,097 |  |  | $ | 200,187 |
Deferred tax provision (benefit): |  |  |  |  |
Federal | $ | (104,236) |  |  | $ | (97,371) |  |  | $ | (19,596) |
State | (20,462) |  |  | (12,850) |  |  | (12,303) |
Foreign | (110,550) |  |  | (11,490) |  |  | 1,075 |
| (235,248) |  |  | (121,711) |  |  | (30,824) |
Total income tax provision | $ | 48,057 |  |  | $ | 94,386 |  |  | $ | 169,363 |
Schedule of Deferred Tax Assets and Liabilities | The following presents the breakdown of net deferred tax liabilities after netting by taxing jurisdiction:
| As of November 30,
| 2024 |  | 2023
Deferred tax assets | $ | 218,396 |  |  | $ | 72,333 |
Deferred tax liabilities | 312,574 |  |  | 414,246 |
Total net deferred tax liabilities | $ | 94,178 |  |  | $ | 341,913 |
Net deferred tax liabilities consist of the following:
| As of November 30,
| 2024 |  | 2023
Assets: |  |  |
Net operating losses | $ | 172,182 |  |  | $ | 138,930 |
Accruals and other reserves | 78,308 |  |  | 55,528 |
Depreciation and amortization | 107,095 |  |  | 73,234 |
U.S. interest limitation carry forward | 49,481 |  |  | 33,318 |
Share-based compensation expense | 17,714 |  |  | 7,867 |
Deferred revenue | 5,280 |  |  | 5,429 |
Tax credits | 5,082 |  |  | 5,082 |
Foreign tax credit | 5,199 |  |  | 915 |
Operating lease liabilities | 201,266 |  |  | 190,348 |
Intercompany loans payable | 110,708 |  |  | 81,654 |
Other | 32,048 |  |  | 37,713 |
Gross deferred tax assets | 784,363 |  |  | 630,018 |
Valuation allowance | (125,163) |  |  | (117,679) |
Total deferred tax assets | $ | 659,200 |  |  | $ | 512,339 |
Liabilities: |  |  |
Intangible assets | $ | 529,129 |  |  | $ | 636,194 |
Unremitted non-US earnings | 42,433 |  |  | 45,250 |
Operating lease right-of-use assets | 181,816 |  |  | 172,808 |
Total deferred tax liabilities | 753,378 |  |  | 854,252 |
Net deferred tax liabilities | $ | 94,178 |  |  | $ | 341,913 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the statutory U.S. federal income tax rate to the Company’s effective income tax rate is as follows:
| Fiscal Years Ended November 30,
| 2024 |  | 2023 |  | 2022
Federal statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State taxes, net of federal income tax benefit | (1.8) | % |  | (1.0) | % |  | (1.4) | %
International rate difference | (9.0) | % |  | (2.3) | % |  | (2.7) | %
Withholding taxes | 3.9 | % |  | 2.5 | % |  | 1.1 | %
Uncertain tax benefits | 0.7 | % |  | 1.3 | % |  | (0.3) | %
Changes in valuation allowance | 6.5 | % |  | 1.7 | % |  | 1.3 | %
Impact of inclusion of foreign income (1) | 0.3 | % |  | (4.7) | % |  | 9.2 | %
Capital loss | (12.4) | % |  | — | % |  | — | %
Other (2) | 6.9 | % |  | 4.6 | % |  | (0.2) | %
Effective income tax rate | 16.1 | % |  | 23.1 | % |  | 28.0 | %
(1) Represents Subpart F income, Base Erosion and Anti-Abuse Tax (BEAT), and Global Intangible Low-Taxed Income (GILTI) (less Section 250 deduction), net of associated foreign tax credits. (2) Includes categories of reconciling items that are not individually equal to or greater than 5% for the fiscal year ended November 30, 2024. Includes tax costs related to future legal entity restructuring for the fiscal year ended November 30, 2023.
Schedule of Unrecognized Tax Benefits Roll Forward | The aggregate changes in the balances of gross unrecognized tax benefits, excluding accrued interest and penalties, during fiscal years 2024, 2023, and 2022 were as follows:
Balance as of November 30, 2021 | $ | 47,447 |
Additions based on tax positions related to the current year | 42,749 |
Settlements | (4,882) |
Lapse of statute of limitations | (14,351) |
Balance as of November 30, 2022 | 70,963 |
Additions based on tax positions related to the current year | 5,819 |
Additions based on tax positions related to the prior year / acquisition | 6,071 |
Lapse of statute of limitations | (4,938) |
Changes due to translation of foreign currencies | 1,407 |
Balance as of November 30, 2023 | 79,322 |
Additions based on tax positions related to the current year | 11,081 |
Additions based on tax positions related to the prior year / acquisition | 18,576 |
Lapse of statute of limitations | (8,071) |
Changes due to translation of foreign currencies | (132) |
Settlements | (428) |
Balance as of November 30, 2024 | $ | 100,348 |

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