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BALANCE SHEET COMPONENTS | 12 Months Ended
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Nov. 30, 2024
Balance Sheet Related Disclosures [Abstract] |
BALANCE SHEET COMPONENTS | BALANCE SHEET COMPONENTS: Cash, cash equivalents and restricted cash: The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows:
| As of November 30,
| 2024 |  | 2023
Cash and cash equivalents | $ | 240,571 |  |  | $ | 295,336 |
Restricted cash included in other current assets | 189,033 |  |  | 221,151 |
Cash, cash equivalents and restricted cash | $ | 429,604 |  |  | $ | 516,487 |
Restricted cash balances relate primarily to funds held for clients, restrictions placed on cash deposits by banks as collateral for the issuance of bank guarantees and the terms of a government grant, and letters of credit for leases. Of the restricted cash balance, $179,949 and $218,228 related to funds held for clients as of November 30, 2024 and 2023, respectively. The Company has a corresponding current liability recorded in other accrued liabilities on the consolidated balance sheet related to these funds. Accounts receivable, net: Accounts receivable, net is comprised of the following as of November 30, 2024 and 2023:
| As of November 30,
| 2024 |  | 2023
Billed accounts receivable | $ | 1,080,778 |  |  | $ | 1,082,469 |
Unbilled accounts receivable | 860,266 |  |  | 818,954 |
Less: Allowance for doubtful accounts | (14,307) |  |  | (12,533) |
Accounts receivable, net | $ | 1,926,737 |  |  | $ | 1,888,890 |
Allowance for doubtful trade receivables: Presented below is a progression of the allowance for doubtful trade receivables:
| Fiscal Years Ended November 30,
| 2024 |  | 2023 |  | 2022
Balance at beginning of period | $ | 12,533 |  |  | $ | 4,797 |  |  | $ | 5,421 |
Net additions (reductions) | 7,057 |  |  | 10,236 |  |  | 3,329 |
Write-offs and reclassifications | (5,283) |  |  | (2,500) |  |  | (3,953) |
Balance at end of period | $ | 14,307 |  |  | $ | 12,533 |  |  | $ | 4,797 |
Property and equipment, net: The following table summarizes the carrying amounts and related accumulated depreciation for property and equipment as of November 30, 2024 and 2023:
| As of November 30,
| 2024 |  | 2023
Land | $ | 28,235 |  |  | $ | 28,039 |
Equipment, computers and software | 853,558 |  |  | 762,961 |
Furniture and fixtures | 151,477 |  |  | 157,425 |
Buildings, building improvements and leasehold improvements | 617,880 |  |  | 566,384 |
Construction-in-progress | 44,566 |  |  | 35,175 |
Total property and equipment, gross | $ | 1,695,716 |  |  | $ | 1,549,984 |
Less: Accumulated depreciation | (981,199) |  |  | (801,293) |
Property and equipment, net | $ | 714,517 |  |  | $ | 748,691 |
Shown below are the countries where 10% or more and other significant concentrations of the Company’s property and equipment, net are located as of November 30, 2024 and 2023:
| As of November 30,
| 2024 |  | 2023
Property and equipment, net: |  |  |
United States | $ | 118,732 |  |  | $ | 123,335 |
Philippines | 82,864 |  |  | 75,943 |
France | 59,645 |  |  | 65,599 |
India | 49,339 |  |  | 51,248 |
Others | 403,937 |  |  | 432,566 |
Total | $ | 714,517 |  |  | $ | 748,691 |
Accumulated other comprehensive income (loss): The components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes, were as follows:
| Unrecognized gains (losses) on defined benefit plan, net of taxes |  | Unrealized gains (losses) on hedges, net of taxes |  |  | Foreign currency translation adjustment and other, net of taxes |  | Total
Balance, November 30, 2022 | $ | (8,471) |  |  | $ | (19,914) |  |  |  | $ | (287,364) |  |  | $ | (315,749) |
Other comprehensive income (loss) before reclassification | (2,800) |  |  | 10,610 |  |  |  | 102,419 |  |  | 110,229 |
Reclassification of losses from other comprehensive income (loss) | — |  |  | 13,793 |  |  |  | — |  |  | 13,793 |
Balance, November 30, 2023 | $ | (11,271) |  |  | $ | 4,489 |  |  |  | $ | (184,945) |  |  | $ | (191,727) |
Other comprehensive income (loss) before reclassification | 5,988 |  |  | (34,029) |  |  |  | (198,204) |  |  | (226,245) |
Reclassification of losses from other comprehensive income (loss) | — |  |  | 3,659 |  |  |  | — |  |  | 3,659 |
Balance, November 30, 2024 | $ | (5,283) |  |  | $ | (25,881) |  |  |  | $ | (383,149) |  |  | $ | (414,313) |
Refer to Note 7—Derivative Instruments for the location of gains and losses on cash flow hedges reclassified from other comprehensive income (loss) to the consolidated statements of operations. Reclassifications of amortization of actuarial (gains) losses of defined benefit plans is recorded in “Other expense (income), net” in the consolidated statement of operations.

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