XML 55 R33.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
6 Months Ended
May 31, 2021
Leases [Abstract]  
Lease, Cost
The components of operating lease cost for the three and six months ended May 31, 2021 were as follows (in thousands):

Three Months EndedSix Months Ended
 May 31, 2021May 31, 2021
Lease costs under long-term operating leases$2,009 $4,144 
Lease costs under short-term operating leases19 
Variable lease cost under short-term and long-term operating leases(1)
35 150 
Operating lease right-of-use asset impairment36 36 
Total operating lease cost$2,084 $4,349 
(1) Lease costs that are not fixed at lease commencement.
The components of operating lease cost for the three and six months ended May 31, 2020 were as follows (in thousands):

Three Months EndedSix Months Ended
 May 31, 2020May 31, 2020
Lease costs under long-term operating leases$1,799 $3,757 
Lease costs under short-term operating leases99 144 
Variable lease cost under short-term and long-term operating leases(1)
82 188 
Operating lease right-of-use asset impairment266 1,189 
Total operating lease cost$2,246 $5,278 
(1) Lease costs that are not fixed at lease commencement.

The table below presents supplemental cash flow information related to leases during the three and six months ended May 31, 2021 (in thousands):
Three Months EndedSix Months Ended
 May 31, 2021May 31, 2021
Cash paid for leases$2,209 $4,467 
Right-of-use assets recognized for new leases and amendments (non-cash)$1,309 $3,647 

The table below presents supplemental cash flow information related to leases during the three and six months ended May 31, 2020 (in thousands):
Three Months EndedSix Months Ended
 May 31, 2020May 31, 2020
Cash paid for leases$1,720 $4,076 
Right-of-use assets recognized for new leases and amendments (non-cash)$231 $231 

Weighted average remaining lease term in years and weighted average discount rate are as follows:
 May 31, 2021November 30, 2020
Weighted average remaining lease term in years4.775.02
Weighted average discount rate2.7 %2.3 %
Lessee, Operating Lease, Liability, Maturity
Future payments under non-cancellable leases are as follows (in thousands):
May 31, 2021
Remainder of 2021$4,077 
20228,131 
20238,002 
20247,787 
20255,047 
Thereafter2,938 
Total lease payments35,982 
Less imputed interest(1)
(2,080)
Present value of lease liabilities$33,902 
(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.