v3.25.2
LEASES
 9 Months Ended
Aug. 31, 2025
Leases [Abstract]  
LEASES LEASES:
The Company leases certain of its facilities and equipment under operating lease agreements, which expire in various periods through 2037. The Company’s finance leases are not material.
The following table presents the various components of operating lease costs:
Three Months EndedNine Months Ended
August 31, 2025August 31, 2024August 31, 2025August 31, 2024
Operating lease cost$85,333 $73,765 $239,592 $217,471 
Short-term lease cost15,111 24,437 52,434 67,005 
Variable lease cost13,030 11,145 39,355 33,154 
Sublease income(553)(1,013)(2,707)(3,299)
Total operating lease cost$112,921 $108,334 $328,674 $314,331 
The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five fiscal years and thereafter as of August 31, 2025:
Fiscal Years Ending November 30,
2025 (remaining three months)
$82,548 
2026293,394 
2027233,370 
2028176,716 
2029117,102 
Thereafter134,027 
Total payments1,037,157 
Less: imputed interest*146,440 
Total present value of lease payments$890,717 
*Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.
The following amounts were recorded in the consolidated balance sheets related to the Company’s operating leases:
As of
August 31, 2025November 30, 2024
Operating lease ROU assetsOther assets, net$853,456 $816,550 
Current operating lease liabilitiesOther accrued liabilities252,169 235,912 
Non-current operating lease liabilitiesOther long-term liabilities638,548 625,888 
The following table presents supplemental cash flow information related to the Company’s operating leases. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
Nine Months Ended
August 31, 2025August 31, 2024
Cash paid for amounts included in the measurement of lease liabilities$257,661 $230,274 
Non-cash ROU assets obtained in exchange for lease liabilities182,752 210,359 
The weighted-average remaining lease term and discount rate as of August 31, 2025 and November 30, 2024 were as follows:
As of
August 31, 2025November 30, 2024
Weighted-average remaining lease term (years)4.234.50
Weighted-average discount rate6.80 %6.91 %