XML 59 R34.htm IDEA: XBRL DOCUMENT v3.21.4
Earnings Per Share (Tables)
12 Months Ended
Nov. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted earnings per share were calculated as follows (in thousands, except per share amounts):
 Years Ended November 30,
 202120202019
Numerator:
Net income
$564,746 $296,243 $268,775 
Less: Distributed earnings allocated to nonvested restricted stock
(253)(197)(123)
Less: Undistributed earnings allocated to nonvested restricted stock
(2,366)(1,329)(1,505)
Numerator for basic earnings per share
562,127 294,717 267,147 
Effect of dilutive securities:
Interest expense and amortization of debt issuance costs associated with convertible senior notes, net of taxes
— — 541 
Add: Undistributed earnings allocated to nonvested restricted stock
2,366 1,329 1,505 
Less: Undistributed earnings reallocated to nonvested restricted stock
(2,286)(1,278)(1,412)
Numerator for diluted earnings per share
$562,207 $294,768 $267,781 
Denominator:
Weighted average shares outstanding — basic
90,401 90,464 87,996 
Effect of dilutive securities:
Share-based payments
3,186 3,622 4,415 
Convertible senior notes
— — 1,427 
Weighted average shares outstanding — diluted
93,587 94,086 93,838 
Basic earnings per share$6.22 $3.26 $3.04 
Diluted earnings per share$6.01 $3.13 $2.85