Goodwill and Intangible Assets (Tables)

12 Months Ended

Nov. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill attributed to our reportable business segments are as follows (in thousands):

	November 30,
	2022		2021
Investment Banking and Capital Markets	$	1,552,944	$	1,561,928
Asset Management	183,170		183,170
Total goodwill	$	1,736,114	$	1,745,098

The following table is a summary of the changes to goodwill (in thousands):

	Year Ended November 30,
	2022		2021
Balance, at beginning of period	$	1,745,098	$	1,746,314
Currency translation and other adjustments	(8,984)		(1,216)
Balance, at end of period	$	1,736,114	$	1,745,098

Schedule of Finite-Lived Intangible Assets

The following tables present the gross carrying amount, changes in carrying amount, net carrying amount and weighted average amortization period of identifiable intangible assets at November 30, 2022 and 2021 (dollars in thousands):

	November 30, 2022								Weighted average remaining lives (years)
	Gross cost		Impairment losses		Accumulated amortization		Net carrying amount
Customer relationships	$	126,028	$	—	$	(89,109)	$	36,919	8.2
Trade name	127,185		—		(35,486)		91,699		25.3
Exchange and clearing organization membership interests and registrations	7,447		(39)		—		7,408		N/A
Other	14,957		—		(11,521)		3,436		4.7
Total	$	275,617	$	(39)	$	(136,116)	$	139,462

	November 30, 2021								Weighted average remaining lives (years)
	Gross cost		Impairment losses		Accumulated amortization		Net carrying amount
Customer relationships	$	170,820	$	—	$	(128,012)	$	42,808	9.0
Trade name	128,753		—		(32,244)		96,509		26.3
Exchange and clearing organization membership interests and registrations	7,798		(66)		—		7,732		N/A
Other	16,682		—		(11,329)		5,353		5.6
Total	$	324,053	$	(66)	$	(171,585)	$	152,402

Schedule of Indefinite-Lived Intangible Assets

The following tables present the gross carrying amount, changes in carrying amount, net carrying amount and weighted average amortization period of identifiable intangible assets at November 30, 2022 and 2021 (dollars in thousands):

	November 30, 2022								Weighted average remaining lives (years)
	Gross cost		Impairment losses		Accumulated amortization		Net carrying amount
Customer relationships	$	126,028	$	—	$	(89,109)	$	36,919	8.2
Trade name	127,185		—		(35,486)		91,699		25.3
Exchange and clearing organization membership interests and registrations	7,447		(39)		—		7,408		N/A
Other	14,957		—		(11,521)		3,436		4.7
Total	$	275,617	$	(39)	$	(136,116)	$	139,462

	November 30, 2021								Weighted average remaining lives (years)
	Gross cost		Impairment losses		Accumulated amortization		Net carrying amount
Customer relationships	$	170,820	$	—	$	(128,012)	$	42,808	9.0
Trade name	128,753		—		(32,244)		96,509		26.3
Exchange and clearing organization membership interests and registrations	7,798		(66)		—		7,732		N/A
Other	16,682		—		(11,329)		5,353		5.6
Total	$	324,053	$	(66)	$	(171,585)	$	152,402

Future Amortization Expense Related to Intangible Assets

The estimated future amortization expense for the five succeeding fiscal years is as follows (in thousands):

Year ending November 30, 2023	$	9,902
Year ending November 30, 2024	9,147
Year ending November 30, 2025	8,636
Year ending November 30, 2026	8,608
Year ending November 30, 2027	8,593