Leases (Tables)

12 Months Ended

Nov. 30, 2021

Leases [Abstract]

Lease, Cost

The components of operating lease cost for the year ended November 30, 2021 was as follows (in thousands):

	Fiscal Year Ended
	November 30, 2021
Lease costs under long-term operating leases	$	7,867
Lease costs under short-term operating leases	32
Variable lease cost under short-term and long-term operating leases(1)	434
Operating lease right-of-use asset impairment	3,057
Total operating lease cost	$	11,390

(1) Lease costs that are not fixed at lease commencement.

The table below presents supplemental cash flow information related to leases during the year ended November 30, 2021 (in thousands):

	Fiscal Year Ended
	November 30, 2021
Cash paid for leases	$	8,406
Right-of-use assets recognized for new leases and amendments (non-cash)	$	3,222

Weighted average remaining lease term in years and weighted average discount rate are as follows:

	November 30, 2021
Weighted average remaining lease term in years	4.15
Weighted average discount rate	2.6	%

Lessee, Operating Lease, Liability, Maturity

Future payments under non-cancellable leases at November 30, 2021 are as follows (in thousands):

2022	$	8,654
2023	8,158
2024	7,791
2025	5,110
Thereafter	3,146
Total lease payments	32,859
Less imputed interest(1)	(1,803)
Present value of lease liabilities	$	31,056

(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement unless the discount rate is updated as a result of a lease reassessment event.