v3.26.1
Credit Losses on Financial Assets Measured at Amortized Cost (Tables)
6 Months Ended
May 31, 2026
Credit Loss [Abstract]  
Schedule of Allowance for Credit Loss
Allowance for credit losses for investment banking receivables:
Three Months Ended
 May 31,
Six Months Ended
 May 31,
$ in thousands2026202520262025
Beginning balance$11,960 $2,046 $3,681 $5,277 
Bad debt expense4,255 1,472 14,419 2,818 
Charge-offs(16)— (16)(3,076)
Recoveries collected(1,670)(1,203)(3,555)(2,704)
Ending balance (1)$14,529 $2,315 $14,529 $2,315 
(1)Substantially all of the allowance for doubtful accounts relate to mergers and acquisitions and restructuring fee receivables, which include recoverable expense receivables.