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Stockholders' Equity
12 Months Ended
Nov. 30, 2022
Share-Based Payment Arrangement [Abstract]  
STOCKHOLDERS' EQUITY
NOTE 7—STOCKHOLDERS’ EQUITY:
Share Repurchase Program
In June 2020, the Board of Directors authorized a three-year $400.0 million share repurchase program, effective July 1, 2020, pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions.
The following table presents information with respect to purchases of common stock by the Company under the share repurchase program during the year ended November 30, 2022.
SharesWeighted-average price per share
Treasury stock balance at November 30, 2021
2,633 $76.40 
Shares of treasury stock repurchased under share repurchase program1,297 96.37 
Shares of treasury stock repurchased for tax withholdings on equity awards119 93.14 
Treasury stock balance at November 30, 2022
4,049 $83.29 
In January 2023, the Board of Directors authorized a new three-year $1.0 billion share repurchase program, replacing the existing $400.0 million share repurchase program, pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions.
Dividends
The Company declared cumulative cash dividends of $1.20, $0.80 and $0.40 per share during the years ended November 30, 2022, 2021 and 2020, respectively. On January 10, 2023, the Company announced a cash dividend of $0.35 per share to stockholders of record as of January 20, 2023, payable on January 27, 2023. Dividends are subject to continued capital availability and the declaration by the Board of Directors in the best interest of the Company’s stockholders.