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Compensation Related Costs, Retirement Benefits (Tables)
12 Months Ended
Nov. 30, 2024
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures
Components of pension cost for the Company’s defined benefit plans are as follows:
Fiscal Years Ended November 30,
202420232022
Service costs$9,033 $6,937 $7,031 
Interest costs on projected benefit obligation10,893 10,306 6,828 
Expected return on plan assets(5,295)(6,208)(6,562)
Amortization and deferrals, net1,457 98 1,540 
Settlement charges195 600 
Total pension costs$16,097 $11,328 $9,437 
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
The status of the Company’s defined benefit plans is summarized below:
Fiscal Years Ended November 30,
20242023
Change in Benefit Obligation:
Benefit obligation at beginning of year$208,565 $209,166 
Service costs
9,033 6,937 
Interest costs
10,893 10,306 
Actuarial losses (gains)
6,017 (1,942)
Benefits paid
(17,161)(13,761)
Acquisitions— 12,499 
Settlements
(490)(14,771)
Foreign currency adjustments
(2,992)131 
Projected obligation at end of year$213,865 $208,565 
Change in Plan Assets:
Fair value of plan assets at beginning of year$126,752 $137,351 
Actual return on assets
17,251 2,358 
Settlements
(83)(14,771)
Employer contributions
4,442 12,143 
Benefits paid
(12,279)(10,119)
Foreign currency adjustments
(160)(210)
Fair value of plan assets at end of year$135,923 $126,752 
Funded Status of Plans:
Unfunded status$77,942 $81,813 
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized in the consolidated balance sheet and recorded within other accrued liabilities and other long-term liabilities as of November 30, 2024 and 2023 consist of the following:
As of November 30,
20242023
Current liability$16,694 $16,946 
Non-current liability61,248 64,867 
Total$77,942 $81,813 
Schedule Of Defined Benefit Plan Weighted Average Rates Used In Determining Benefit Obligations And Pension Costs
The following weighted-average rates were used in determining the benefit obligations as of November 30, 2024 and 2023:
As of November 30,
20242023
Discount rate
3.2% - 6.7%
3.6% - 7.1%
Interest crediting rate for cash balance plan4.0 %4.0 %
Expected rate of future compensation growth
2.5% - 7.0%
1.8% - 8.0%
The following weighted-average rates were used in determining the pension costs for the fiscal years ended November 30, 2024 and 2023:
Fiscal Years Ended November 30,
20242023
Discount rate
4.0% - 7.5%
4.0% - 7.5%
Interest crediting rate for cash balance plan4.0 %4.0 %
Expected return on plan assets
3.6% - 7.1%
1.0% - 7.0%
Expected rate of future compensation growth
1.8% - 8.0%
1.8% - 8.8%
Schedule of Allocation of Plan Assets The following table sets forth by level within the fair value hierarchy, total plan assets at fair value as of November 30, 2024 and 2023, including the cash balance plan and other funded benefit plans:
InvestmentsAs of November 30, 2024As of Quoted Prices in Active Markets for Identical Assets
(Level 1)
As of Significant Other Observable Inputs (Level 2)As of Significant Unobservable Inputs (Level 3)
Cash and cash equivalents$3,606 $3,606 $— $— 
Common/collective trusts:
Fixed income59,928 — 59,928 — 
U.S. large cap25,924 — 25,924 — 
U.S. small cap7,662 — 7,662 — 
International equity27,168 — 27,168 — 
Governmental bonds8,501 — 8,501 — 
Corporate bonds3,134 — 3,134 — 
Investment funds— — — — 
Limited partnership— — — 
Total investments$135,923 $3,606 $132,317 $— 
InvestmentsAs of November 30, 2023As of Quoted Prices in Active Markets for Identical Assets
(Level 1)
As of Significant Other Observable Inputs (Level 2)As of Significant Unobservable Inputs (Level 3)
Cash and cash equivalents$3,951 $3,951 $— $— 
Common/collective trusts:
Fixed income55,550 — 55,550 — 
U.S. large cap24,816 — 24,816 — 
U.S. small cap6,641 — 6,641 — 
International equity25,556 — 25,556 — 
Governmental bonds6,245 — 6,245 — 
Corporate bonds3,955 — 3,955 — 
Investment funds— — — — 
Limited partnership38 — — 38 
Total investments$126,752 $3,951 $122,763 $38 
Schedule of Expected Benefit Payments
The following table details expected benefit payments for the cash balance plan and other defined benefit plans:
Fiscal Years Ending November 30,
2025$34,183 
202626,578 
202724,292 
202823,163 
202921,271 
Thereafter93,624 
Total$223,111