ASSETS AND LIABILITIES HELD FOR SALE |
3 Months Ended |
|---|---|
Feb. 28, 2026 | |
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |
| Disposal Groups, Including Discontinued Operations, Disclosure | ASSETS AND LIABILITIES HELD FOR SALE: In February 2026, the Company entered into a definitive agreement to sell a non-core business to a third party for approximately 15 million euros, subject to customary closing conditions and certain purchase price adjustments. The Company expects the transaction to close in the second half of fiscal year 2026. In February 2026, the assets and liabilities of the business qualified as assets and liabilities held for sale due to the planned divestiture. As of February 28, 2026, assets held for sale of $207,502 primarily consist of cash, restricted cash (which relates to funds held for clients) and intangible assets, and liabilities held for sale of $174,941 primarily consist of liabilities related to funds held for clients. The Company determined that execution into a definitive agreement did not qualify as discontinued operations since it neither represented a strategic shift nor did it have a major effect on the Company’s operations and financial results. The Company recorded a loss on held for sale of $5,929 for the three months ended February 28, 2026 as a result of the fair value analysis performed. This expense is included within selling, general and administrative expenses in the consolidated statement of operations. There was no comparable loss for the three months ended February 28, 2025.
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