XML 71 R54.htm IDEA: XBRL DOCUMENT v3.3.1.900
Exit Costs (Tables)
12 Months Ended
Nov. 30, 2015
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
Restructuring and exit costs are wholly attributed to our Capital Markets segment and were recorded in the following categories on the Consolidated Statement of Earnings for the year ended November 30, 2015 (in thousands):
 
 
Year Ended 
 November 30, 2015
Compensation and benefits
 
$
38,249

Technology and communications
 
30,992

Professional services
 
2,508

Other expenses
 
1,345

Total
 
$
73,094

During the year ended November 30, 2015, we recorded restructuring and impairment costs as follows (in thousands):
 
 
Year Ended 
 November 30, 2015
Severance costs
 
$
30,327

Accelerated amortization of restricted stock
  and restricted cash awards
 
7,922

Accelerated amortization of capitalized
  software
 
19,745

Contract termination costs
 
11,247

Other expenses
 
3,853

Total
 
$
73,094

Schedule of Restructuring Reserve
The following summarizes our restructuring reserve activity (in thousands):
 
Severance costs
 
Other costs
 
Contract termination costs
 
Total restructuring costs
 
Accelerated amortization of restricted stock and restricted cash awards
 
Accelerated amortization of capitalized software
 
Impairments
 
Total
Balance at February 28, 2015
$

 
$

 
$

 
$

 
 
 
 
 
 
 

Expenses
30,327

 
2,774

 
11,247

 
44,348

 
$
7,922

 
$
19,745

 
$
1,079

 
$
73,094

Payments
(25,522
)
 
(2,774
)
 
(11,247
)
 
(39,543
)
 
 
 
 
 
 
 

Liability at November 30, 2015
$
4,805

 
$

 
$

 
$
4,805