The Company leases certain of its facilities and equipment under operating lease agreements, which expire in various periods through 2036. The Company’s finance leases are not material.

The following table presents the various components of operating lease costs:


	Three Months Ended
	February 28, 2026		February 28, 2025
Operating lease cost	$	86,225	$	74,282
Short-term lease cost	14,908		19,654
Variable lease cost	14,430		12,471
Sublease income	(455)		(1,867)
Total operating lease cost	$	115,108	$	104,540

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 February 28, 2026:


Fiscal Years Ending November 30,
2026 (remaining nine months)	$	248,320
2027	276,003
2028	217,948
2029	150,790
2030	90,161
Thereafter	108,999
Total payments	1,092,221
Less: imputed interest*	153,104
Total present value of lease payments	$	939,117

*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
Description	Balance Sheet location	February 28, 2026		November 30, 2025
Operating lease ROU assets	Other assets	$	895,382	$	857,025
Current operating lease liabilities	Other accrued liabilities	265,412		256,739
Non-current operating lease liabilities	Other long-term liabilities	673,705		641,444

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:


	Three Months Ended
	February 28, 2026		February 28, 2025
Cash paid for amounts included in the measurement of lease liabilities	$	74,774	$	80,490
Non-cash ROU assets obtained in exchange for lease liabilities	70,709		40,593

The weighted-average remaining lease term and discount rate as of February 28, 2026 and November 30, 2025 were as follows:


	As of
	February 28, 2026		November 30, 2025
Weighted-average remaining lease term (years)	4.26		4.20
Weighted-average discount rate	6.92	%	6.85	%