LEASES (Tables)
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6 Months Ended |
May 31, 2022 |
| Leases [Abstract] |
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| Schedule of Lease Cost |
The following table presents the various components of operating lease costs: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | May 31, 2022 | | May 31, 2021 | | May 31, 2022 | | May 31, 2021 | | Operating lease cost | $ | 49,738 | | | $ | 51,122 | | | $ | 100,540 | | | $ | 102,563 | | | Short-term lease cost | 5,186 | | | 3,819 | | | 9,523 | | | 7,527 | | | Variable lease cost | 11,234 | | | 10,014 | | | 23,218 | | | 20,134 | | | Sublease income | (692) | | | (419) | | | (1,427) | | | (891) | | | Total operating lease cost | $ | 65,466 | | | $ | 64,536 | | | $ | 131,854 | | | $ | 129,333 | |
The weighted-average remaining lease term and discount rate as of May 31, 2022 and November 30, 2021 were as follows: | | | | | | | | | | | | | As of | | May 31, 2022 | | November 30, 2021 | | Weighted-average remaining lease term (years) | 3.63 | | 3.81 | | Weighted-average discount rate | 5.38 | % | | 5.82 | % |
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| Operating Lease Liability Maturity Schedule |
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 May 31, 2022: | | | | | | | Fiscal Years Ending November 30, | | 2022 (remaining six months) | $ | 95,246 | | | 2023 | 165,178 | | | 2024 | 127,513 | | | 2025 | 81,987 | | | 2026 | 36,444 | | | Thereafter | 25,434 | | | Total payments | 531,802 | | | Less: imputed interest* | 53,261 | | | Total present value of lease payments | $ | 478,541 | |
*Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.
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| Schedule of Amounts Recorded In Consolidated Balance Sheet Related to Operating Leases |
The following amounts were recorded in the consolidated balance sheets related to the Company’s operating leases: | | | | | | | | | | | | | | | | | | | | | | | | | As of | | | | | May 31, 2022 | | November 30, 2021 | | Operating lease ROU assets | | Other assets, net | | $ | 461,760 | | | $ | 489,171 | | | Current operating lease liabilities | | Other accrued liabilities | | 152,418 | | | 153,329 | | | Non-current operating lease liabilities | | Other long-term liabilities | | 326,123 | | | 354,471 | |
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| Schedule of Supplemental Cash Flow Information Related to Operating Leases |
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: | | | | | | | | | | | | | Six Months Ended | | May 31, 2022 | | May 31, 2021 | | Cash paid for amounts included in the measurement of lease liabilities | $ | 100,857 | | | $ | 107,926 | | | Non-cash ROU assets obtained in exchange for lease liabilities | 68,238 | | | 76,374 | |
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