Earnings Per Share (Tables)

12 Months Ended

Nov. 30, 2023

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,
	2023		2022		2021
Numerator:
Net income	$	590,177	$	816,666	$	564,746
Less: Distributed earnings allocated to participating securities	(413)		(268)		(253)
Less: Undistributed earnings allocated to participating securities	(3,861)		(3,904)		(2,366)
Numerator for basic earnings per share	585,903		812,494		562,127
Effect of dilutive securities:
Add: Undistributed earnings allocated to participating securities	3,861		3,904		2,366
Less: Undistributed earnings reallocated to participating securities	(3,744)		(3,796)		(2,286)
Numerator for diluted earnings per share	$	586,020	$	812,602	$	562,207

	Years Ended November 30,
	2023		2022		2021
Denominator:
Weighted average shares outstanding — basic	80,842		86,861		90,401
Effect of dilutive securities:
Share-based payments	2,538		2,487		3,186
Weighted average shares outstanding — diluted	83,380		89,348		93,587
Basic earnings per share	$	7.25	$	9.35	$	6.22
Diluted earnings per share	$	7.03	$	9.09	$	6.01