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SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Nov. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Expense

The Company recorded share-based compensation expense in the consolidated statements of operations for fiscal years 2024, 2023 and 2022 as follows:

			Fiscal Years Ended November 30,
			2024						2023						2022
Total share-based compensation			$	95,922					$	62,493					$	47,516
Tax benefit recorded in the provision for income taxes			(16,482)						(15,623)						(12,069)
Effect on net income			$	79,440					$	46,870					$	35,447

Share-based Payment Arrangement, Option, Activity

A summary of the changes in the employee stock options during fiscal years 2022, 2023, and 2024 is presented below:

			Options Outstanding
			Number of shares (in thousands)						Weighted- average exercise price per share
Balance as of November 30, 2021			441						$	51.75
Options granted			—						—
Options issued in conversion of certain vested PK stock options (1)			119						45.81
Options exercised			(165)						46.38
Balance as of November 30, 2022			395						52.60
Options granted			—						—
Options exercised			(100)						45.50
Options cancelled			(1)						30.70
Balance as of November 30, 2023			294						54.45
Options granted			—						—
Options exercised			(56)						42.60
Balance as of November 30, 2024			238						$	57.21

(1)Amounts represent 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 with PK.

Schedule of Nonvested Restricted Stock Units Activity

A summary of the changes in the non-vested restricted stock awards, restricted stock units, and performance-based stock units during fiscal years 2022, 2023, and 2024, including the conversion of former parent awards and stock units previously discussed, is presented below:

			Number of shares (in thousands)						Weighted-average, grant-date fair value per share
Non-vested as of November 30, 2021			980						$	109.92
Awards granted			510						139.31
Units granted (1)			294						130.98
Awards and units vested			(283)						91.62
Awards and units cancelled/forfeited			(106)						118.79
Non-vested as of November 30, 2022			1,395						124.69
Awards granted			60						135.01
Units granted (1)			1,828						74.64
Performance-based units vested in excess of target (2)			17						159.97
Awards and units vested			(513)						122.76
Awards and units cancelled/forfeited			(114)						138.88
Non-vested as of November 30, 2023			2,673						92.80
Awards granted			—						—
Units granted (1)			2,824						52.94
Awards and units vested			(849)						92.02
Awards and units cancelled/forfeited			(337)						84.94
Non-vested as of November 30, 2024			4,311						$	68.35

(1)For performance-based restricted stock units, the target number of shares that can be awarded upon full vesting of the grants is included.

(2)Amounts represent performance-based awards that vested in excess of the target number of shares for the fiscal year 2021 performance-based grants.

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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