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Earnings Per Common Share (Tables)
12 Months Ended
Nov. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:

 

 

 

Fiscal Years Ended November 30,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

 

 

 

 

(As adjusted)

 

 

(As adjusted)

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

500,712

 

 

$

299,981

 

 

$

300,240

 

Less: net income allocated to participating securities(1)

 

 

(4,593

)

 

 

(2,728

)

 

 

(2,782

)

Net income attributable to common stockholders

 

$

496,119

 

 

$

297,253

 

 

$

297,458

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares - basic

 

 

50,669

 

 

 

41,215

 

 

 

39,556

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

9.79

 

 

$

7.21

 

 

$

7.52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

500,712

 

 

$

299,981

 

 

$

300,240

 

Less: net income allocated to participating securities(1)

 

 

(4,573

)

 

 

(2,716

)

 

 

(2,770

)

Net income attributable to common stockholders

 

$

496,139

 

 

$

297,265

 

 

$

297,470

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares - basic

 

 

50,669

 

 

 

41,215

 

 

 

39,556

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 

 

267

 

 

 

236

 

 

 

202

 

Weighted-average number of common shares - diluted

 

 

50,936

 

 

 

41,451

 

 

 

39,758

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

9.74

 

 

$

7.17

 

 

$

7.48

 

Anti-dilutive shares excluded from diluted earnings per share calculation

 

 

108

 

 

 

97

 

 

 

14

 

 

 

(1)

Restricted stock awards granted to employees by the Company are considered participating securities.