v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Cash flows from operating activities:    
Net income $ 21,589 $ 70,257
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 55,913 55,097
Amortization 103,456 105,619
Non-cash share-based compensation expense 27,699 26,486
Provision for credit losses 2,081 3,313
Deferred income taxes (2,586) (31,995)
Amortization of Debt Issuance Costs 2,536 6,003
Pension and other post-retirement benefit costs 4,779 3,883
Change in acquisition contingent consideration (416) (2,024)
Loss on held for sale 5,929 0
Other 1,502 101
Changes in operating assets and liabilities:    
Accounts receivable, net (21,125) (106,900)
Accounts payable (44,599) (37,536)
Other operating assets and liabilities (239,978) (90,896)
Net cash provided by (used in) operating activities (83,220) 1,408
Cash flows from investing activities:    
Purchases of property and equipment (53,902) (50,618)
Proceeds from divestiture, net of cash sold 3,156 0
Acquisition of business, net of cash acquired 0 (663)
Net cash used in investing activities (50,746) (51,281)
Cash flows from financing activities:    
Proceeds from the Securitization Facility 297,000 582,500
Repayments of the Securitization Facility (178,500) (401,500)
Proceeds from issuance of Senior Notes 599,796 0
Repayments of Senior Notes due 2026 (600,000) 0
Cash paid for debt extinguishment (5,478) 0
Repayments of Other Debt 0 (5,662)
Cash paid for debt issuance costs 2,195 334
Acquisition deferred consideration payment 0 3,483
Proceeds from exercise of stock options 2,407 1,607
Repurchase of common stock for tax withholdings on equity awards (2,691) (2,079)
Repurchase of common stock (43,194) (25,846)
Dividends paid (23,149) (22,386)
Change in funds held for clients (16,118) (20,517)
Net cash provided by financing activities 18,503 102,300
Effect of exchange rate changes on cash, cash equivalents, cash held for sale, restricted cash and restricted cash held for sale 9,848 (6,582)
Net increase (decrease) in cash, cash equivalents, cash held for sale, restricted cash and restricted cash held for sale (105,615) 45,845
Cash, cash equivalents, cash held for sale and restricted cash at beginning of year 521,127 429,604
Cash, cash equivalents, cash held for sale, restricted cash and restricted cash held for sale at end of period 415,512 475,449
Supplemental disclosure of non-cash investing activities:    
Accrued costs for property and equipment purchases 22,106 14,779
New Term Loan    
Cash flows from financing activities:    
Repayments of the Credit Facility - Term Loan (9,375) 0
Revolver    
Cash flows from financing activities:    
Repayments of the Credit Facility - Term Loan (906,500) (100,000)
Proceeds from the Credit Facility - Revolver $ 906,500 $ 100,000