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Leases (Tables) | 9 Months Ended
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Aug. 31, 2020
Leases [Abstract] |
Lease, Cost | The components of operating lease cost for the three and nine months ended August 31, 2020 were as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| August 31, 2020 |  | August 31, 2020
Lease costs under long-term operating leases | $ | 1,714 |  |  | $ | 5,471 |
Lease costs under short-term operating leases | 235 |  |  | 379 |
Variable lease cost under short-term and long-term operating leases(1) | 113 |  |  | 301 |
Operating lease right-of-use asset impairment | — |  |  | 1,189 |
Total operating lease cost | $ | 2,062 |  |  | $ | 7,340 |
(1) Lease costs that are not fixed at lease commencement. The table below presents supplemental cash flow information related to leases during the nine months ended August 31, 2020 (in thousands):
| Nine Months Ended
| August 31, 2020
Cash paid for leases | $ | 5,979 |
Right-of-use assets recognized for new leases and amendments (non-cash) | $ | 204 |
Weighted average remaining lease term in years and weighted average discount rate are as follows:
| August 31, 2020
Weighted average remaining lease term in years | 4.51
Weighted average discount rate | 2.3 | %
Lessee, Operating Lease, Liability, Maturity | Future payments under non-cancellable leases at August 31, 2020 are as follows (in thousands):
Remainder of 2020 | $ | 1,906 |
2021 | 6,267 |
2022 | 5,518 |
2023 | 5,325 |
2024 | 5,236 |
Thereafter | 2,841 |
Total lease payments | 27,093 |
Less imputed interest(1) | (1,380) |
Present value of lease liabilities | $ | 25,713 |
(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement unless the discount rate is updated as a result of a lease reassessment event.
Schedule of Future Minimum Rental Payments for Operating Leases | As previously disclosed in the Company’s 2019 10-K, the following table summarizes the future non-cancelable minimum lease commitments (including office space, copiers, and automobiles) at November 30, 2019 under the previous lease accounting standard, ASC 840, Leases (in thousands):
2020 | $ | 7,453 |
2021 | 5,711 |
2022 | 4,977 |
2023 | 5,017 |
2024 | 5,102 |
Thereafter | 2,904 |
Total | $ | 31,164 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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