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ACQUISITIONS AND DIVESTITURES (Tables)

12 Months Ended

Nov. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

The 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 consideration			2,444,357
Equity consideration (3)			1,084,894
Earnout shares contingent consideration (4)			32,919
Sellers’ note consideration (5)			711,830
Total consideration transferred			4,274,000
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 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 (as defined below), 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 9—Borrowings for a further discussion of this promissory note.

(6) Represents the Webhelp cash and restricted cash balance acquired at the Closing Date.

The purchase price consideration to acquire PK consisted of the following:

Cash consideration for PK stock (1)			$	1,177,342
Cash consideration for PK vested equity awards (2)			246,229
Cash consideration for repayment of PK debt, including accrued interest (3)			148,492
Cash consideration for transaction expenses of PK (4)			22,842
Total cash consideration			1,594,905
Non-cash equity consideration for conversion of PK equity awards (5)			15,725
Total consideration transferred			1,610,630
Less: Cash and restricted cash acquired (6)			37,310
Total purchase price consideration			$	1,573,320

(1) Represents the cash consideration paid for the outstanding shares of PK common stock, which includes the final settlement of the merger consideration adjustment paid pursuant to the merger agreement.

(2) Represents the cash consideration paid for certain vested PK stock option awards and restricted stock unit awards.

(3) Represents the cash consideration paid to retire PK’s outstanding third-party debt, including accrued interest.

(4) Represents the cash consideration paid for expenses incurred by PK in connection with the merger and paid by Concentrix pursuant to the merger agreement. These expenses primarily related to third-party consulting services.

(5) Represents the issuance of vested Concentrix stock options that were issued in conversion of certain vested PK stock options that were assumed by Concentrix pursuant to the merger agreement.

(6) Represents the PK cash and restricted cash balance acquired at the acquisition.

The purchase price consideration to acquire ServiceSource consisted of the following:

Cash consideration for ServiceSource stock (1)			$	150,392
Cash consideration for ServiceSource vested and unvested equity awards (2)			6,704
Cash consideration for repayment of ServiceSource debt, including accrued interest (3)			10,063
Total consideration transferred			167,159
Less: Cash and restricted cash acquired (4)			25,652
Total purchase price consideration			$	141,507

(1) Represents the cash consideration paid for the outstanding shares of ServiceSource common stock.

(2) Represents the cash consideration paid or to be paid for vested and unvested ServiceSource stock option awards, restricted stock units and performance stock units.

(3) Represents the cash consideration paid to retire ServiceSource’s outstanding third-party debt, including accrued interest.

(4) Represents the ServiceSource cash and restricted cash balance acquired at the acquisition.

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the final 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 receivable			449,152
Other current assets (1)			450,079
Property and equipment			324,007
Identifiable intangible assets			1,984,000
Goodwill			2,145,974
Deferred tax assets			20,735
Other assets			409,268
Total assets acquired			6,093,528
Liabilities assumed:
Accounts payable			67,983
Accrued compensation and benefits			259,548
Other accrued liabilities			573,906
Income taxes payable			75,075
Debt (current portion and long-term)			8,589
Deferred tax liabilities			410,481
Other long-term liabilities			423,946
Total liabilities assumed			1,819,528
Total consideration transferred			$	4,274,000

(1) Includes restricted cash acquired of $188,898.

The following table summarizes the final fair values of the assets acquired, liabilities assumed and non-controlling interest as of the acquisition date:

			As of
			December 27, 2021
Assets acquired:
Cash and cash equivalents			$	30,798
Accounts receivable			85,367
Property and equipment			11,158
Operating lease right-of-use assets			12,288
Identifiable intangible assets			469,300
Goodwill			1,119,068
Other assets			26,449
Total assets acquired			1,754,428
Liabilities assumed and non-controlling interest:
Accounts payable and accrued liabilities			78,092
Operating lease liabilities			12,288
Deferred tax liabilities			51,418
Non-controlling interest			2,000
Total liabilities assumed and non-controlling interest			143,798
Total consideration transferred			$	1,610,630

The following table summarizes the final fair values of the assets acquired and liabilities assumed as of the acquisition date:

			As of
			July 20, 2022
Assets acquired:
Cash and cash equivalents			$	24,355
Accounts receivable			40,097
Property and equipment			8,112
Operating lease right-of-use assets			29,487
Identifiable intangible assets			40,200
Goodwill			34,910
Net deferred tax assets			32,701
Other assets			19,649
Total assets acquired			229,511
Liabilities assumed:
Accounts payable and accrued liabilities			32,865
Operating lease liabilities			29,487
Total liabilities assumed			62,352
Total consideration transferred			$	167,159

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The amounts allocated to intangible assets are as follows:

Gross Carrying Amount

Weighted-Average Useful Life

Amortization Method

Customer relationships

$

1,882,000

15 years

Accelerated

Trade name

102,000

3 years

Straight-line

Total

$

1,984,000

The amounts allocated to intangible assets are as follows:

Gross Carrying Amount

Weighted-Average Useful Life

Acceleration Method

Customer relationships

$

398,600

15 years

Accelerated

Technology

63,500

5 years

Straight-line

Trade name

5,000

3 years

Straight-line

Non-compete agreements

2,200

3 years

Straight-line

Total

$

469,300

The amounts allocated to intangible assets are as follows:

Gross Carrying Amount

Weighted-Average Useful Life

Acceleration Method

Customer relationships

$

31,370

15 years

Accelerated

Technology

5,640

5 years

Straight-line

Trade name

3,190

3 years

Straight-line

Total

$

40,200

Business Acquisition, Pro Forma Information

			Fiscal Years Ended November 30,
			2023						2022
Revenue			$	9,485,600					$	8,919,195
Net income			177,611						238,242

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
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+ References

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-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
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