Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Nov. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill Resulting from Leucadia Transaction Attributable to Reportable Segments and Summary of Changes to Goodwill

Goodwill attributed to our reportable segments are as follows (in thousands):

	November 30, 2015		November 30, 2014
Capital Markets	$	1,653,588	$	1,659,636
Asset Management	3,000		3,000
Total goodwill	$	1,656,588	$	1,662,636

The following table is a summary of the changes to goodwill (in thousands):

	Year Ended November 30, 2015			Year Ended November 30, 2014
Balance, at beginning of period	$	1,662,636		$	1,722,346
Impairment loss (1)	—			(54,000		)
Purchase accounting adjustments (2)	(1,959		)	—
Translation adjustments	(4,089		)	(5,710		)
Balance, at end of period	$	1,656,588		$	1,662,636

(1) Activity for the year ended November 30, 2014 represents impairment losses of $51.9 million related to our Futures reporting unit and $2.1 million related to our International Asset Management business.

Summary of Intangible Assets

The following tables present the gross carrying amount, accumulated amortization, net carrying amount and weighted average amortization period of identifiable intangible assets at November 30, 2015 and November 30, 2014 (in thousands):

	November 30, 2015													Weighted average remaining lives (years)
	Gross cost		Disposals (1)			Impairment losses			Accumulated amortization			Net carrying amount
Customer relationships	$	127,667	$	—		$	—		$	(34,754	)	$	92,913	12.9
Trade name	131,288		—			—			(10,315		)	120,973		32.3
Exchange and clearing organization      membership interests and      registrations	14,413		(1,227		)	(1,289		)	—			11,897		N/A
	$	273,368	$	(1,227	)	$	(1,289	)	$	(45,069	)	$	225,783

	November 30, 2014										Weighted average remaining lives (years)
	Gross cost		Impairment losses			Accumulated amortization			Net carrying amount
Customer relationships (2)	$	135,926	$	(7,603	)	$	(26,402	)	$	101,921	13.7
Trade name	132,009		—			(6,677		)	125,332		33.3
Exchange and clearing organization membership      interests and registrations	14,706		(178		)	—			14,528		N/A
	$	282,641	$	(7,781	)	$	(33,079	)	$	241,781

(1)    Activity is related to the sale of certain exchange and clearing organization membership interests in the Futures reporting

unit due to the exit of the business.

(2)    Impairment losses are related to the Futures reporting unit. The impairment charge is included within Other expenses in

the Consolidated Statements of Earnings.

Future Amortization Expense Related to Intangible Assets

The estimated future amortization expense for the five succeeding fiscal years is as follows (in thousands):

Year ended November 30, 2016	$	12,198
Year ended November 30, 2017	12,198
Year ended November 30, 2018	12,198
Year ended November 30, 2019	12,198
Year ended November 30, 2020	12,198