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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS:
Goodwill
The Company tests goodwill for impairment annually as of the fourth quarter of its fiscal year and at other times if events have occurred or circumstances exist that indicate the carrying value of goodwill may no longer be recoverable. Goodwill impairment testing is performed at the reporting unit level. Based on the current year assessment, the Company concluded that no impairment charges were necessary for the Company’s reporting unit. The Company has not recorded any impairment charges related to goodwill during the three-year period ended November 30, 2024.
Below is a progression of goodwill for fiscal years 2024 and 2023:
Fiscal Years Ended November 30,
20242023
Balance, beginning of year$5,078,668 $2,904,402 
Acquisitions2,000 2,085,344 
Acquisition measurement period adjustments60,630 (10,592)
Foreign currency translation(154,331)99,514 
Balance, end of year$4,986,967 $5,078,668 
Other Intangible Assets
The Company’s other intangible assets, primarily acquired through business combinations, are subject to amortization and are evaluated periodically if events or circumstances indicate a possible inability to recover their carrying amounts. No impairment charges were recognized in any period presented. As of November 30, 2024 and 2023, the Company’s other intangible assets consisted of the following:
As of November 30, 2024As of November 30, 2023
Gross
amounts
Accumulated
amortization
Net
amounts
Gross
amounts
Accumulated
amortization
Net
amounts
Customer relationships$3,594,694 $(1,399,588)$2,195,106 $3,670,246 $(1,011,201)$2,659,045 
Technology79,645 (50,119)29,526 79,739 (36,174)43,565 
Trade names113,758 (51,503)62,255 118,823 (17,255)101,568 
Non-compete agreements2,200 (2,147)53 2,200 (1,413)787 
$3,790,297 $(1,503,357)$2,286,940 $3,871,008 $(1,066,043)$2,804,965 
Amortization expense for intangible assets was $458,925, $214,832, and $162,673 for the fiscal years ended November 30, 2024, 2023 and 2022, respectively, and the related estimated expense for the five subsequent fiscal years and thereafter is as follows:
Fiscal Years Ending November 30,Amortization Expense
2025$421,040 
2026374,440 
2027283,090 
2028239,999 
2029199,922 
Thereafter768,449 
Total$2,286,940 
The remaining weighted average amortization period for customer relationships and other intangible assets is approximately 13 years.