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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	12 Months Ended
Nov. 30, 2010	Nov. 30, 2009
ASSETS
Cash and cash equivalents	$ 226,575	$ 176,024
Short-term investments	73,891	295,304
Trade receivables (net of allowances of $1,013 and $847 as of November 30, 2010 and 2009, respectively)	147,662	77,180
Deferred taxes	47,811	24,577
Prepaid taxes	21,010	17,602
Prepaid and other assets	19,334	11,797
Total current assets	536,283	602,484
Property, equipment and leasehold improvements (net of accumulated depreciation of $58,964 and $26,498 at November 30, 2010 and 2009, respectively)	34,368	29,381
Goodwill	1,706,671	441,623
Intangible assets (net of accumulated amortization of $190,311 and $148,589 at November 30, 2010 and 2009, respectively)	716,250	120,189
Other non-current assets	29,594	6,592
Total assets	3,023,166	1,200,269
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	2,162	1,878
Accrued compensation and related benefits	99,046	65,088
Other accrued liabilities	39,500	30,502
Current maturities of long-term debt	54,916	42,088
Deferred revenue	271,300	152,944
Total current liabilities	466,924	292,500
Long term debt, net of current maturities	1,207,881	337,622
Deferred taxes	240,944	40,080
Other non-current liabilities	27,300	23,011
Total liabilities	$ 1,943,049	$ 693,213
Commitments and Contingencies (see note 7)
Shareholders' Equity
Preferred stock (par value $0.01; 100,000,000 shares authorized; no shares issued)
Common stock (par value $0.01; 500,000,000 class A shares and 250,000,000 class B shares authorized; 120,544,551 and 105,391,919 class A shares issued and 119,522,043 and 104,781,404 class A shares outstanding at November 30, 2010 and 2009, respectively; no class B shares issued and outstanding at November 30, 2010 and 2009, respectively)	1,205	1,054
Treasury shares, at cost (1,022,508 and 610,515 shares at November 30, 2010 and 2009, respectively)	(33,319)	(19,168)
Additional paid-in capital	938,014	448,747
Retained earnings	176,183	84,013
Accumulated other comprehensive loss	(1,966)	(7,590)
Total shareholders' equity	1,080,117	507,056
Total liabilities and shareholders' equity	$ 3,023,166	$ 1,200,269

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2010	Nov. 30, 2009	Nov. 30, 2008
Cash flows from operating activities
Net income	$ 92,170	$ 81,801	$ 68,268
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, equipment and leasehold improvements	17,413	11,957	4,970
Amortization of intangible assets	41,599	25,554	28,500
Compensation payable in common stock and options	32,285	35,161	30,338
Excess tax benefits from share-based compensation	(8,537)	(6,927)
Amortization of discount on long-term debt	1,337	165	165
Amortization of debt origination fees	8,090	1,432	1,432
Deferred taxes	926	(14,338)	(7,178)
Loss on write down of investment in unconsolidated company			3,000
Other non-cash adjustments	3,246	1,510	3,650
Changes in assets and liabilities, net of assets acquired and liabilities assumed:
Trade receivable	(35,851)	8,560	(7,748)
Due from related parties		1,765	862
Prepaid taxes	17,241	(9,177)	(7,898)
Prepaid and other assets	3,308	5,787	(1,362)
Accounts payable	(2,653)	688	272
Payable to related parties		(34,992)	22,292
Deferred revenue	3,980	4,618	22,783
Accrued compensation and related benefits	15,574	5,515	(2,183)
Income taxes payable			(15,582)
Other accrued liabilities	(6,523)	1,499	10,229
Other	(251)	10,364	271
Net cash provided by operating activities	183,354	130,942	155,081
Cash flows from investing activities
Acquisitions, net of cash acquired	(1,101,243)
Proceeds from the maturity of short-term investments	416,550	268,582
Purchase of investments	(194,416)	(563,386)
Cash withdrawn from related parties			137,625
Capital expenditure	(13,190)	(13,412)	(25,556)
Proceeds from the sales of capital equipment	22
Net cash (used in) provided by investing activities	(892,277)	(308,216)	112,069
Cash flows from financing activities:
Proceeds from borrowing, net of discount	1,268,625
Proceeds from public offering of common stock, net of underwriting discount and other direct costs of $1.3 million		115,755
Repayment of long-term debt	(386,875)	(22,250)	(22,250)
Repayment of acquired RiskMetrics Group, Inc. debt acquired	(107,485)
Payment of issuance costs in connection with long term debt	(34,029)
Excess tax benefits from share-based compensation	8,537	6,927
Expenses related to initial public offering			(21)
Repurchase of treasury shares	(14,151)	(18,487)	(681)
Proceeds from exercise of stock options	23,436	597
Net cash provided by (used in) financing activities	758,058	82,542	(22,952)
Effect of exchange rates changes	1,416	2,679	(9,939)
Net increase (decrease) in cash	50,551	(92,053)	234,259
Cash and cash equivalents, beginning of year	176,024	268,077	33,818
Cash and cash equivalents, end of year	226,575	176,024	268,077
Supplemental disclosure of cash flow information
Cash paid for interest	40,100	18,253	25,967
Cash paid for income taxes	46,190	61,385	64,363
Supplemental disclosure of non-cash investing activities:
Property, equipment and leasehold improvements in other accrued liabilities	821	$ 3,482	$ 5,935
Acquisition of RiskMetrics Group, Inc., class A common stock issued	371,815
Fair value of stock options and restricted stock awards assumed in connection with acquisition of RiskMetrics Group, Inc.	$ 53,879

INTRODUCTION AND BASIS OF PRESENTATION	12 Months Ended
INTRODUCTION AND BASIS OF PRESENTATION	Nov. 30, 2010
INTRODUCTION AND BASIS OF PRESENTATION
INTRODUCTION AND BASIS OF PRESENTATION	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b1. INTRODUCTION AND BASIS OF PRESENTATION /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bOrganization /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"MSCI Inc. together with its wholly-owned subsidiaries (the "Company" or "MSCI") is a global provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance products and services. The Company's flagship products are its global equity indices and ESG products marketed under the MSCI brand, its portfolio risk and performance analytics covering global equity and fixed income markets marketed under the Barra brand, its market and credit risk analytics marketed under the RiskMetrics and Barra brands, its governance research and outsourced proxy voting and reporting services marketed under the ISS brand, its valuation models and risk management software for the energy and commodities markets marketed under the FEA brand and its forensic accounting risk research, legal/regulator risk assessment and d ue diligence products marketed under the CFRA brand. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As a result of MSCI's acquisition of RiskMetrics, MSCI began operating as two segments, the Performance and Risk business and the Governance business. The Performance and Risk business is a global provider of investment decision support tools, including indices, portfolio risk and performance analytics, credit analytics and environmental, social and governance ("ESG") products.nbsp;The Governance business is a provider of corporate governance and specialized financial research and analysis services to institutional shareholders and corporations around the world. (See Note 14, "Segment Information," for further information about MSCI's operating segments.) /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bChange in Fiscal Year End /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On Decembernbsp;8, 2010, the Board of Directors of the Company approved a change in the Company's fiscal year end from Novembernbsp;30 to Decembernbsp;31 of each year. This change to the calendar year reporting cycle began Januarynbsp;1, 2011. As a result of the change, the Company will have a December 2010 fiscal month transition period, the results of which will be separately reported in the Company's Quarterly Report on Form 10-Q for the calendar quarter ending Marchnbsp;31, 2011 and in the Company's Annual Report on Form 10-K for the calendar year ending Decembernbsp;31, 2011. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bBasis of Presentation /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The consolidated financial statements include the accounts of MSCI Inc. and its wholly-owned subsidiaries. The Company's policy is to consolidate all entities in which it owns more than 50% of the outstanding voting stock unless it does not control the entity. It is also the Company's policy to consolidate any variable interest entity for which the Company is the primary beneficiary, as required by the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") Subtopic 810-10, "iConsolidations."/i For investments in any entities in which the Company owns 50% or less of the outstanding voting stock but in which the Company has significant influence over operating and financial decisions, the Company applies the equity method of accounting. In cases where the Company's investment is less than 20% and significant influence do es not exist, such investments are carried at cost. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"bSignificant Accounting Policies /b/font/p p style="margin-top: 6px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biBasis of Financial Statements and Use of Estimates /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These accounting principles require the Company to make certain estimates and judgments that can affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the periods presented. Significant estimates and assumptions made by management include the deferral and recognition of revenue, the allowance for doubtful accounts, impairment of long-lived assets, accrued compensation, accounting for income taxes and other matters that affect the consolidated financial statements and related disclosures. The Company believes that estimates used in the preparation of these consolidated financial statements ar e reasonable; however, actual results could differ materially from these estimates. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Consolidated Statements of Income for the years ended Novembernbsp;30, 2009 and 2008 reflect expense allocations for certain corporate functions previously provided by Morgan Stanley, including human resources, information technology, accounting, legal and compliance, corporate services, treasury and other services. These allocations were based on what the Company and Morgan Stanley considered reasonable reflections of the utilization levels of these services required in support of the Company's business and were based on methods that include direct time tracking, headcount, inventory metrics and corporate overhead. Morgan Stanley was the controlling shareholder of MSCI through Maynbsp;22, 2009. As of Maynbsp;22, 2009, Morgan Stanley no longer provided corporate functions for the Company and no additional expense allocations have been recorded by th e Company since that date. (See Note 8, "Related Party Transactions," for further information). /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Inter-company balances and transactions are eliminated in consolidation. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biRevenue Recognition /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Revenue related to the Company's non-software-related recurring arrangements is recognized pursuant to the requirements of ASC Subtopic 605-25, "iRevenue Arrangements with Multiple Deliverables./i" Under the provisions of ASC Subtopic 605-25, transactions with multiple elements should be considered separate units of accounting if all of the following criteria are met: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The delivered item has stand-alone value to the client, /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"There is objective and reliable evidence of the fair value of the undelivered item(s), and /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"If the arrangement includes a general right of return, delivery or performance of the undelivered items is considered probable and substantially in the control of the vendor. /font/p/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company has signed subscription agreements with all of its clients that set forth the fees paid to the Company by the clients. Further, the Company regularly assesses the receivable balances for each client. The Company's subscription agreements for non-software-related products include provisions that, among other things, allow clients, for no additional fee, to receive updates and modifications which from time to time may be made, for the term of the agreement, typically one year. As the Company currently does not have objective and reliable evidence of the fair value of the undelivered element of the transaction, the Company does not account for the delivered item as a separate element. Accordingly, the Company recognizes revenue ratably over the term of the license agreement. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's software-related recurring revenue arrangements do not require significant modification or customization of any underlying software applications being licensed. Accordingly, the Company recognizes software revenues, excluding the energy and commodity asset valuation analytics products, pursuant to the requirements of ASC Subtopic 985-605, "iSoftware-Revenue Recognition./i" In accordance with ASC Subtopic 985-605, the Company begins to recognize revenue from subscriptions, maintenance and customer technical support, and professional services when all of the following criteria are met: (1)nbsp;the Company has persuasive evidence of a legally binding arrangement, (2)nbsp;delivery has occurred, (3)nbsp;the client fee is deemed fixed or determinable, and (4)nbsp;collection is probable. /font/p p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company has signed subscription agreements with all of its clients that set forth the fees paid to the Company by the clients. Further, the Company regularly assesses the receivable balances for each client. The Company's subscription agreements for software products include provisions that, among other things, allow clients to receive unspecified future software upgrades for no additional fee as well as the right to use the software products with maintenance for the term of the agreement, typically one year. As the Company does not have vendor specific objective evidence ("VSOE") for these elements (except for the support related to energy and commodity asset valuation products), the Company does not account for these elements separately. Accordingly, except for revenues related to energy and commodity asset valuation products, the Company recognizes revenue ratab ly over the term of the license agreement. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's software license arrangements generally do not include acceptance provisions. Such provisions generally allow a client to test the software for a defined period of time before committing to license the software. If a license agreement includes an acceptance provision, the Company does not record subscription revenue until the earlier of the receipt of a written customer acceptance or, if not notified by the customer that it is cancelling the license agreement, the expiration of the acceptance period. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"For the energy and commodity asset valuation analytics products, the Company uses the residual method to recognize revenue when a product agreement includes one or more elements to be delivered at a future date and VSOE if the fair value of all undelivered elements exists. In virtually all of the Company's contracts, the only element that remains undelivered at the time of delivery of the product is support. The fair value of support is determined based upon the fees paid for the support by clients who purchase support separately. Under the residual method, the fair value of the undelivered element is deferred and the remaining portion of the contract fee is recognized as product revenue. Support fees for these products are recognized ratably over the support period. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company applies SEC Staff Accounting Bulletin No.nbsp;104, "iRevenue Recognition"/i ("SAB 104"), in determining revenue recognition related to clients that use the Company's indices as the basis for certain index-linked investment products such as exchange traded funds or futures contracts. These clients commonly pay the Company a license fee for the use of its intellectual property based on the investment product's assets under management or contract volumes. These fees are calculated based upon estimated assets in the investment product or contract volumes obtained either through independent third-party sources or the most recently reported information of the client. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company recognizes revenue when all the following criteria are met: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The client has signed a contract with the Company, /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The service has been rendered, /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"The amount of the fee is fixed or determinable based on the terms of the contract, and /font/p/td/tr/table p style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"nbsp;/p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd width="5%"font class="_mt" size="1"nbsp;/font/td td valign="top" width="2%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"bull;/font/td td valign="top" width="1%"font class="_mt" size="1"nbsp;/font/td td valign="top" align="left" p align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Collectability is reasonably assured. /font/p/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company has signed contracts with all clients that use the Company's indices as the basis for certain index-linked investment products, such as exchange traded funds or futures contracts. The contracts state the terms under which the assets under management fees are to be calculated. These fees are billed in arrears, after the fees have been earned. The fees are earned as the Company supplies the indices to the client. The Company assesses the creditworthiness of these clients prior to entering into a contract and regularly reviews the receivable balances related to them. /font/p p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biShare-Based Compensation /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Certain employees of the Company have received share-based compensation under certain compensation programs. The Company's compensation expense reflects the fair value method of accounting for share-based payments under ASC Subtopic 718-10, "iCompensation-Stock Compensation./i" ASC Subtopic 718-10 requires measurement of compensation cost for equity-based awards at fair value and recognition of compensation cost over the service period, net of estimated forfeitures. The fair value of MSCI restricted stock units is determined based on the number of units granted and the grant date fair value of MSCI common stock, measured as the closing price on the date of grant. The fair value of MSCI stock options is determined using the Black-Scholes valuation model and the single grant life method. Under the single grant life method, option awards with graded vestin g are valued using a single weighted-average expected option life. Compensation for all stock-based payment awards is recognized using the graded vesting attribution method. MSCI reserved approximately 4.3nbsp;million class A common shares for outstanding vested and unvested stock options and unvested restricted stock awards assumed as part of the acquisition of RiskMetrics Group, Inc. ("RiskMetrics") on Junenbsp;1, 2010. See Note 3, "Acquisitions," for further information about MSCI's acquisition of RiskMetrics. The fair values of stock options assumed were estimated using a Hull-White Lattice option-pricing model. The Hull-White model is commonly used for estimating the fair value of in-the-money and out-of-the-money options, as it explicitly models the exercise behavior of option holders considering the amount by which each such grant is in- or out-of-the-money. The major assumptions utilized are the stock price, the remaining contractual term, the remaining time to vest, forfeiture behavior, di vidend yield, the risk-free interest rate, expected volatility and the early exercise multiple. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Based on interpretive guidance related to Stock Compensation, the Company's policy is to accrue the estimated cost of share-based awards that were granted to retirement-eligible employees over the course of the current year rather than expensing the awards on the date of grant. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Pursuant to the MSCI Independent Directors' Equity Compensation Plan, directors who are not employees of the Company or Morgan Stanley are entitled to receive an annual grant of $50,000 each in stock units which are subject to a vesting schedule. The total number of shares authorized to be awarded under the plan is 0.5 million. As of Novembernbsp;30, 2010, approximately 0.4nbsp;million classnbsp;A shares were available for future grant under this plan. Effective on the date of the 2011 shareholders' meeting, directors who are not employees of the Company will be entitled to receive an annual grant of $90,000 each in stock units and the lead director will be entitled to receive an additional $25,000 in stock units, which are subject to a vesting schedule. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The MSCI Amended and Restated 2007 Equity Incentive Compensation Plan permits the Compensation Committee to make grants of a variety of equity based awards (such as stock, restricted stock, stock units and options) totaling up to 12.5nbsp;million shares to eligible recipients, including employees and consultants. No awards are permitted after Novembernbsp;2, 2017. As of Novembernbsp;30, 2010, approximately 7.2nbsp;million shares of MSCI's classnbsp;A common stock ("Common Stock") were available for future grant under this plan. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In connection with the acquisition of RiskMetrics, MSCI filed a registration statement registering under the Securities Act the 4.3nbsp;million shares of Common Stock reserved for issuance in respect of incentive awards to officers and certain employees of RiskMetrics pursuant to the RiskMetrics Group, Inc. 2000 Stock Option Plan, RiskMetrics Group, Inc. 2004 Stock Option Plan, Institutional Shareholder Services Holdings, Inc. Equity Incentive Plan and RiskMetrics Group, Inc. 2007 Omnibus Incentive Compensation Plan (collectively, the "RMG Plans"). In June 2010, MSCI also filed a registration statement assuming 3.1nbsp;million shares available under the RiskMetrics Group, Inc. 2007 Omnibus Incentive Compensation Plan. As of Novembernbsp;30, 2010, approximately 3.2nbsp;million shares of Common Stock were available for future grant under this plan. lt;/font/p p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biAllowance for Doubtful Accounts /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"An allowance for doubtful accounts is recorded when it is probable and estimable that a receivable will not be collected. The allowance for doubtful accounts was approximately $1.0 million at Novembernbsp;30, 2010 and $0.8 million at Novembernbsp;30, 2009. Changes in the allowance for doubtful accounts from Decembernbsp;1, 2007 to Novembernbsp;30, 2010 were as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="88%" /td td valign="bottom" width="8%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAmount/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(innbsp;thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Balance as of Decembernbsp;1, 2007/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,584/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Recovery of bad debt/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(817/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Amounts written off/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(55/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Balance as of Novembernbsp;30, 2008/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"712/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Addition to provision/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"977/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Amounts written off/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(842/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Balance as of Novembernbsp;30, 2009/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"847/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Addition to provision/fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2" /font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"931/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Amounts written off/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(765/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Balance as of Novembernbsp;30, 2010/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,013/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;" /p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Includes an allowance of $0.3 million assumed upon the acquisition of RiskMetrics on Junenbsp;1, 2010. /font/td/tr/table p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biDeferred Revenue /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Deferred revenues represent amounts billed or payments received from customers for services and maintenance in advance of performing the services. The Company's clients normally pay subscription fees annually or quarterly in advance. Deferred revenue is amortized ratably over the service period as revenue recognition criteria are met. Where the service period has not begun or been renewed, deferred revenues and accounts receivable are not recognized. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biAccounting for Income Taxes /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Prior to Maynbsp;2, 2008, the Company was a member of the Morgan Stanley consolidated group and the Company's taxable income had been included in the consolidated U.S. federal income tax return of Morgan Stanley as well as in returns filed by Morgan Stanley with certain state and local taxing jurisdictions. After Maynbsp;2, 2008, upon the disposition by Morgan Stanley of some of its equity interest in MSCI, the Company was no longer eligible to join in the filing of a consolidated U.S. federal income tax return with Morgan Stanley, and the Company has filed and will continue to file its U.S. consolidated federal income tax return as a taxable group separate from Morgan Stanley. The Company's foreign income tax returns have been and continue to be filed on a separate company basis. The Company's federal and foreign income tax liability has been computed and pr esented as if it were a separate taxpaying entity in the periods presented. However, the state and local tax liability presented in these statements reflects the fact that prior to Maynbsp;22, 2009, the date on which Morgan Stanley disposed of its remaining equity interest in MSCI, the Company was included in certain state consolidated, combined or unitary filings of Morgan Stanley, and that its tax liability was affected by the attributes of the Morgan Stanley combined group. After Maynbsp;22, 2009, the Company was no longer eligible for inclusion in any state or local consolidated, combined, or unitary return filed by Morgan Stanley and, from that date forward, the Company has been filing the relevant state income tax returns as a separate taxable group. Where the Company files as a stand-alone taxpayer, the Company's state and local tax filings will reflect its separate filing attributes. Federal income taxes incurred prior to Maynbsp;2, 2008 and state income taxes incurred prior to May ;nbsp;22, 2009 are remitted to Morgan Stanley pursuant to a tax sharing agreement between the companies. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Income tax expense is provided for using the asset and liability method, under which deferred tax assets and deferred tax liabilities are determined based on the temporary differences between the financial statement and income tax bases of assets and liabilities using currently enacted tax rates. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biResearch and Development and Software Capitalization /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company accounts for research and development ("Ramp;D") costs in accordance with several accounting pronouncements, including ASC Subtopic 730-10, "iResearch and Development"/i and ASC Subtopic 985-730, "iSoftware-Research and Development/i." ASC Subtopic 730-10 requires that Ramp;D generally be expensed as incurred. ASC Subtopic 985-730 specifies that costs incurred internally in researching and developing a computer software product should be charged to expense until technological feasibility has been established for the product. Once technological feasibility is established, all software costs should be capitalized until the product is available for general release to clients. Judgment is required in determining when technological feasibility of a product is established. Costs incurred after technological feasibility is established have not been material, and accordingly, the Company has expensed all research and development costs when incurred. Research and development costs for the years ended Novembernbsp;30, 2010, 2009 and 2008 were approximately $73.2 million, $53.3 million and $56.5 million, respectively, and are included in cost of services in the Consolidated Statements of Income. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biForeign Currency Translation /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Assets and liabilities of operations having non-U.S. dollar functional currencies are translated at year-end exchange rates, and income statement accounts are translated at weighted average exchange rates for the year. Gains or losses resulting from translating foreign currency financial statements, net of related tax effects, are reflected in accumulated other comprehensive income (loss), a separate component of shareholders' equity. Gains or losses resulting from foreign currency transactions incurred in currencies other than the local functional currency are included in other expense (income) on the Consolidated Statements of Income. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biHedging Instruments /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company uses swaps to hedge certain interest rate exposures. It does not use derivatives for speculative purposes. The Company applies ASC Subtopic 815-10, "iDerivatives and Hedging/i," which establishes accounting and reporting standards for derivative instruments and hedging activities. ASC Subtopic 815-10 requires MSCI to recognize all derivatives as either assets or liabilities in its Consolidated Statements of Financial Position and measure those instruments at fair value. The changes in the fair value of the interest rate swaps are assessed in accordance with ASC Subtopic 815-10 and reflected in the carrying value of the interest rate swaps on the balance sheet. The estimated fair value is based primarily on projected future swap rates. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company applies cash flow hedge accounting to interest rate swaps designated as hedges of the variability of future cash flows from floating rate liabilities due to the benchmark interest rate. The Company uses regression analysis to perform an ongoing prospective and retrospective assessment of the effectiveness of these hedging relationships. Changes in fair value of these interest rate swaps are recorded to "net change in cash flow hedges" as a component of accumulated other comprehensive income (loss) in Shareholders' equity, to the extent they are effective. Amounts recorded to accumulated other comprehensive income (loss) are then reclassified to interest expense as interest on the hedged borrowings is recognized. Any ineffective portion of the change in fair value of these instruments is recorded to interest expense. /font/p p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biTreasury Stock /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"MSCI holds repurchased shares of its common stock as treasury stock. The Company accounts for treasury stock under the cost method and includes treasury stock as a component of stockholders' equity. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biAccumulated Other Comprehensive Income (Loss) /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Accumulated other comprehensive income (loss) includes certain changes in equity that are excluded from net income (loss). Accumulated other comprehensive loss totaled approximately $2.0 million and $7.6nbsp;million as of Novembernbsp;30, 2010 and 2009, respectively, resulting primarily from cumulative foreign currency translation, fair value calculations of the Company's interest rate swaps, unrealized gains on the Company's available-for-sale securities and pension adjustments. Accumulated other comprehensive income (loss) has been reflected in the Consolidated Statements of Shareholders' Equity. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biCash and Cash Equivalents /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Cash and cash equivalents consist of demand deposits and money market and debt security investments of 90 days or less from the date of purchase. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biShort-term Investments /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Short-term investments include U.S. Treasury and state and municipal securities with maturity dates ranging from 91 to 365 days from the date of purchase./font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As a result of a change in its intent subsequent to November 30, 2009, the Company classifies its short-term investments as available-for-sale. Available-for-sale securities are carried at fair value, with the unrealized gains and losses, net of tax, reported as a separate component of shareholders' equity. Fair value is determined based on quoted market rates. The cost of securities sold is based on the specific-identification method. Realized gains and losses and declines in value judged to be other-than-temporary on available-for-sale securities are included as a component of interest income (expense). Interest on securities classified as available-for-sale is included as a component of interest income. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Prior to Decembernbsp;1, 2009, the Company had the intent and ability to hold the investments to maturity and classified these investments as held-to-maturity and stated them at amortized cost plus accrued interest. The changes in the value of these securities were not reported on the consolidated financial statements. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biProperty, Equipment and Leasehold Improvements /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Property, equipment and leasehold improvements are stated at cost less accumulated depreciation and amortization. Depreciation of furniture and fixtures and computer and communications equipment are provided principally by the straight-line method over the estimated useful life of the asset. Estimates of useful lives are as follows: furniturenbsp;amp; fixtures ndash; five years; computer and related equipment ndash; three to five years. Leasehold improvements are amortized on a straight-line basis over the lesser of the estimated useful life of the asset or, where applicable, the remaining term of the lease, but not exceeding 15 years. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biGoodwill /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Goodwill is recorded as part of the Company's acquisitions of businesses when the purchase price exceeds the fair value of the net tangible and separately identifiable intangible assets acquired. The carrying amount of the Company's goodwill is $1,706.7nbsp;million primarily relating to the acquisitions of Barra, RiskMetrics and Measurisk. The Company's goodwill is not amortized, but rather is subject to an impairment test each year, or more often if conditions indicate impairment may have occurred, pursuant to ASC Sectionnbsp;350, "iGoodwill and Other Intangible/i." For the years ended Novembernbsp;30, 2010, 2009 and 2008, goodwill impairment was determined by comparing the fair value of the reporting unit with its book value. If the estimated fair value exceeds the book value, goodwill is not deemed to be impaired. If the estimated fair value is below book value, however, further analysis is required to determine the amount of the impairment. As the acquisitions of RiskMetrics and Measurisk occurred during the year ended Novembernbsp;30, 2010, no impairment test was performed related to the goodwill associated with these acquisitions. The fair value of the reporting units exceeded the book value in the years ended Novembernbsp;30, 2010, 2009 and 2008 and, as a result, no impairment of the goodwill was recorded. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biFair Value of Financial Instruments /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's financial instruments include cash and cash equivalents, cash on deposit with related parties, trade receivables, receivables from related parties, prepaid expenses and certain accrued liabilities and deferred revenue. The carrying value of these financial instruments approximates fair value given their short-term nature. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"At Novembernbsp;30, 2010, the fair market value of the Company's debt obligations was $1,275.0 million. The fair market value was estimated based on bid quotes available in the over the counter markets. The carrying value of this debt was $1,262.8 million. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biIntangible Assets /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Intangible assets consist of those definite-lived intangibles from the acquisitions of Barra in June 2004, RiskMetrics in June 2010 and Measurisk in July 2010. The Company amortizes definite-lived intangible assets over their estimated useful lives. Definite-lived intangible assets are tested for impairment annually or when impairment indicators are present, and, if impaired, written down to fair value based on either discounted cash flows or appraised values. No impairment of intangible assets has been identified during any of the periods presented. The Company has no indefinite-lived intangibles. The intangible assets have useful lives ranging from one to 20 years. /font/p p style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"font style="font-family: Times New Roman;" class="_mt" size="2"biConcentration of Credit Risk /i/b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company licenses its products and services to investment managers primarily in the United States, Europe and Asia (primarily Hong Kong and Japan). The Company evaluates the credit of its customers and does not require collateral. The Company maintains reserves on customer accounts where estimated losses may result from the inability of its customers to make required payments. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Financial instruments that may potentially subject the Company to concentrations of credit risk consist principally of cash deposits and short-term investments.nbsp;At Novembernbsp;30, 2010 and 2009, cash and cash equivalent amounts were $226.6 million and $176.0 million, respectively.nbsp;At Novembernbsp;30, 2010 and 2009, the Company had invested $73.9 million and $295.3 million, respectively, in U.S. Treasury Securities with maturity dates ranging from 91 to 365 days from the date of purchase. The Company receives interest at prevailing money market fund rates on its cash deposits. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"For the years ended Novembernbsp;30, 2010 and 2009, no single customer accounted for 10.0% or more of the Company's operating revenues. For the year ended Novembernbsp;30, 2008, Barclays PLC and its affiliates accounted for 11.0% of the Company's operating revenues./font/p /div

EARNINGS PER COMMON SHARE	12 Months Ended
EARNINGS PER COMMON SHARE	Nov. 30, 2010
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b5. EARNINGS PER COMMON SHARE /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Basic EPS is computed by dividing income available to MSCI common shareholders by the weighted average number of common shares outstanding during the period. Common shares outstanding include common stock and vested restricted stock unit awards where recipients have satisfied either the explicit vesting terms or retirement-eligible requirements. Diluted EPS reflects the assumed conversion of all dilutive securities.nbsp;There were 209,931, 519,085 and 519,220 stock options excluded from the calculation of diluted EPS for the years ended Novembernbsp;30, 2010, 2009 and 2008, respectively, because of their anti-dilutive effect./font/p p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company computes EPS using the two-class method and determines whether instruments granted in share-based payment transactions are participating securities. The following table presents the computation of basic and diluted EPS: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="73%" /td td valign="bottom" width="4%" /td td /td td /td td /td td valign="bottom" width="4%" /td td /td td /td td /td td valign="bottom" width="4%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFornbsp;thenbsp;yearnbsp;endednbsp;Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net income/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"92,170/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"81,801/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"68,268/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Less: Allocations of earnings to unvested restricted stock units/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(742/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,246/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,830/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Earnings available to MSCI common shareholders/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"91,428/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"80,555/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"66,438/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Basic weighted average common stock outstanding/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"112,074/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,607/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,037/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Basic weighted average common stock outstanding/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"112,074/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,607/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,037/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Effect of dilutive securities:/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Stock options/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,283/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"253/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"244/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Diluted weighted average common shares outstanding/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"113,357/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,860/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,281/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bEarnings per basic common share/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.82/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.80/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.66/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bEarnings per diluted common share/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.81/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.80/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.66/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b /b/fontnbsp;/p /div

SHORT-TERM INVESTMENTS	12 Months Ended
SHORT-TERM INVESTMENTS	Nov. 30, 2010
SHORT-TERM INVESTMENTS
SHORT-TERM INVESTMENTS	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b6.nbsp;SHORT-TERM INVESTMENTS /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Short-term investments include U.S. Treasury and state and municipal securities with maturity dates ranging from 91 to 365 days from the date of purchase./font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As a result of a change in intent, the Company classifies its short-term investments as available-for-sale in the year ended Novembernbsp;30, 2010. Available-for-sale securities are carried at fair value, with the unrealized gains and losses, net of tax, reported as a separate component of shareholders' equity. Fair value is determined based on observable quoted prices in active markets for identical assets. The cost of securities sold is based on the specific-identification method. Realized gains and losses and declines in value judged to be other-than-temporary on available-for-sale securities are included as a component of interest income (expense). Interest on securities classified as available-for-sale is included as a component of interest income. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In the year ended Novembernbsp;30, 2009, the Company had the intent and ability to hold its investments to maturity and, thus, classified these investments as held-to-maturity and stated them at amortized cost plus accrued interest. The changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The fair value and gross unrealized gains and losses of securities available-for-sale at Novembernbsp;30, 2010 were as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="66%" /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 48pt;"font style="font-family: Times New Roman;" class="_mt" size="1"b(in thousands)/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAmortizedbr /Cost plusbr /Accruedbr /Interest/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bGross/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bunrealized/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bgains/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bGross/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bunrealized/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"blosses/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bEstimatedbr /Fair/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bvalue/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bDebt securities available-for-sale/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd height="8" /td td height="8" colspan="4" /td td height="8" colspan="4" /td td height="8" colspan="4" /td td height="8" colspan="4" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"U.S. Treasury securities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"66,924/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"66,927/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Commercial paper/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,350/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,351/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"State and municipal securities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,612/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,613/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"73,886/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"73,891/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The net carrying value and fair value of securities held-to-maturity at Novembernbsp;30, 2009 were as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="60%" /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 48pt;"font style="font-family: Times New Roman;" class="_mt" size="1"b(in thousands)/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNetbr /Carryingbr /Value/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bGross/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bunrecognized/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bgains/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bGross/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bunrecognized/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"blosses/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bEstimatedbr /Fair/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bvalue/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bDebt securities held-to-maturity/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd height="8" /td td height="8" colspan="4" /td td height="8" colspan="4" /td td height="8" colspan="4" /td td height="8" colspan="4" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"U.S. Treasury securities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"295,304/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"264/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"295,568/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"State and municipal securities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"295,304/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"264/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"295,568/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iUnrealized Losses on Investments /i/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company had no investments with continuous unrealized losses for less than 12 months and for 12 months or greater at Novembernbsp;30, 2010. None of the Company's investments in held-to-maturity securities had been in an unrealized loss position at Novembernbsp;30, 2009. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iEvaluating Investments for Other-than-Temporary Impairments /i/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"If the fair values of the Company's debt security investments are less than the amortized costs at the balance sheet date, the Company assesses whether the impairments are other than temporary. As the Company currently invests only in U.S. Treasury and state and municipal securities with a short duration (one year or less), it would take a significant decline in fair value and U.S. economic conditions for the Company to determine that these investments are other than temporarily impaired. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Additionally, management assesses whether it intends to sell or would more-likely-than-not not be required to sell the investment before the expected recovery of the cost basis. Management has asserted that it believes it is more-likely-than-not that it will not be required to sell the investment before recovery of the cost basis. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As of Novembernbsp;30, 2010, no other-than-temporary impairment had been recorded on any of the Company's investments./font/p /div

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Nov. 30, 2010
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b7. COMMITMENTS AND CONTINGENCIES /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iLegal matters/i. From time to time, the Company is party to various litigation matters incidental to the conduct of its business. The Company is not presently party to any legal proceedings the resolution of which the Company believes would have a material adverse effect on its business, operating results, financial condition or cash flows. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iLeases./i The Company leases facilities under non-cancelable operating lease agreements.nbsp;The terms of certain lease agreements provide for rental payments on a graduated basis.nbsp;The Company recognizes rent expense on the straight-line basis over the lease period and has accrued for rent expense incurred but not paid.nbsp;Rent expense for the years ended Novembernbsp;30, 2010, 2009 and 2008 was $15.4 million, $10.4 million, and $10.7 million, respectively. /font/p p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company leases facilities under non-cancelable operating lease agreements. Future minimum commitments for these operating leases in place as of Novembernbsp;30, 2010 are as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="88%" /td td valign="bottom" width="5%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAmount/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 16pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bYear/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(innbsp;thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2011/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,828/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2012/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,803/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2013/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"16,232/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2014/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,840/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2015/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9,900/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Thereafter/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"30,845/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"106,448/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iLong-term debt.nbsp;/iOn Novembernbsp;14, 2007, the Company entered into a secured $500.0 million credit facility consisted of a $425.0 million term loan facility and a $75.0 million revolving credit facility (the "2007 Credit Facility"). As of Novembernbsp;30, 2009, current maturities of long term debt was $42.1 million, net of $0.2 million discount and long term debt, net of current maturities was $337.6 million, net of $0.6 million discount. On Aprilnbsp;1, 2010 and Aprilnbsp;15, 2010, the Company prepaid principal balances on its term loan facility portion of the 2007 Credit Facility of approximately $147.0 million and $150.0 million, respectively. On Junenbsp;1, 2010, the Company paid $70.9 million to retire the 2007 Credit Facility. As a result of the prepayments, the Company fully amortized $5.1 million of unamorti zed capitalized origination fees associated with the 2007 Credit Facility in interest expense during the year ended Novembernbsp;30, 2010. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On Junenbsp;1, 2010, the Company entered into a new senior secured credit agreement with Morgan Stanley Senior Funding, Inc., as administrative agent, Morgan Stanleynbsp;amp; Co. Incorporated, as collateral agent, and the other lenders party thereto, which is comprised of (i)nbsp;a $1,275.0 million six-year term loan facility and (ii)nbsp;a $100.0 million five-year revolving credit facility, which includes anbsp;$25.0 million letter of credit subfacility and a $10.0 million swingline loan subfacility (the "New Credit Facility"). The Company is required to repay 1.00% of the principal of the term loan facility per year in quarterly installments. The New Credit Facility also contains a number of mandatory prepayment requirements, including a requirement to repay a specified amount of the term loan facility annually from a portion of the Com pany's excess cash flows (as defined in the New Credit Facility, which varies based on the Company's leverage ratio). Any remaining principal of the term loan facility will be payable on the final maturity date of the facility. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The senior secured term loan facility matures in June 2016. The revolving credit facility matures in June 2015 and is available to fund the Company's working capital requirements and for other general corporate purposes. The Company borrowed the full amount of the $1,275.0 million senior secured term loan facility on Junenbsp;1, 2010 and used the $1,268.6 million of proceeds after the issuance discount to fund in part the $1,146.7 million cash consideration for its acquisition of RiskMetrics, repay the outstanding credit facilities of MSCI and RiskMetrics and pay related fees and expenses./font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Borrowings under the New Credit Facility will bear interest at a rate equal to the sum of the greater of the London Interbank Offered Rate and 1.50%, and a margin of 3.25%, which margin will be subject to adjustment based on our leverage ratio after we deliver our first quarterly compliance certificate (as defined in the New Credit Facility). For the unused credit, the Company pays an annual 0.75% non-usage fee. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The obligations under the New Credit Facility are guaranteed by each of our direct and indirect wholly-owned domestic subsidiaries, subject to limited exceptions. The obligations under the New Credit Facility are secured by a lien on substantially all of the equity interests of MSCI's present and future domestic subsidiaries, up to 65% of the equity interests of MSCI's first-tier foreign subsidiaries, and substantially all of MSCI's and MSCI's domestic subsidiaries' present and future property and assets, subject to certain exceptions. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In connection with entering into the New Credit Facility, the Company capitalized origination fees of $34.0 million which are being amortized over five to six years. The Company amortized $3.0 million of the capitalized origination fees associated with the New Credit Facility in interest expense during the year ended Novembernbsp;30, 2010. At Novembernbsp;30, 2010, $31.1 million of the capitalized origination fees remain unamortized, $5.9 million of which is included in "prepaid and other assets" and $25.2 million of which is included in "other non-current assets" on the Company's Consolidated Statement of Financial Condition. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Current maturities of long-term debt at Novembernbsp;30, 2010 was $54.9 million, net of a $1.1 million discount. Long term debt, net of current maturities at Novembernbsp;30, 2010 was $1,207.9 million, net of a $4.7 million discount. For the year ended Novembernbsp;30, 2010, approximately $0.5 million of the debt discount associated with the New Credit Facility was amortized. For the year ended Novembernbsp;30, 2010, $0.8 million of the debt discount associated with the 2007 Credit Facility was amortized. For the year ended Novembernbsp;30, 2009, $0.2 million of the debt discount associated with the 2007 Credit Facility was amortized. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The aggregate amount of all long-term debt to be repaid for the years following Novembernbsp;30, 2010, is as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="88%" /td td valign="bottom" width="4%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAmount/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 114pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bFor the year ended Novembernbsp;30,/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(innbsp;thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2011/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"56,000/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2012/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,574/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2013/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,574/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2014/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,574/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2015/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,574/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Thereafter/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,202,329/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,268,625/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"During first quarter 2011, we will be required to make a payment under the excess cash flow provision of the New Credit Facility of approximately $56.0 million. /font/p p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b /biInterest Rate Swaps and Derivative Instruments./ib /bnbsp;b /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company's known or expected c ash receipts and its known or expected cash payments principally related to the Company's investments and borrowings. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company's objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. During the twelve months ending Novembernbsp;30, 2010, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. As of Novembernbsp;30, 2010, the Company had two outstanding interest rate derivatives with a combined notional principal amount of $445.1 million that were designated as cash flow hedges of interest rate risk. The effective fixed rate on the aggregate notional principal amount as of Novembernbsp;30, 2010 was 5.12%. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. During the next twelve months, the Company estimates that an additional $1.6 million will be reclassified as an increase to interest expense. During the year ended Novembernbsp;30, 2010, the Company accelerated the reclassification of amounts in other comprehensive income to earnings as a re sult of the hedged forecasted transactions becoming probable not to occur. The accelerated amounts were a loss of $3.1 million. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table presents the fair values of the Company's derivative instruments and the location in which they are presented on the Company's Consolidated Statements of Financial Condition: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="39%" /td td valign="bottom" width="5%" /td td width="36%" /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 49pt;"font style="font-family: Times New Roman;" class="_mt" size="1"b(In thousands)/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" p style="margin-top: 0px; margin-bottom: 1px;"font style="font-family: Times New Roman;" class="_mt" size="1"bConsolidated Statements of Financialbr /Condition Location/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bNovembernbsp;30,br /2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bNovembernbsp;30,br /2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Liability derivatives:/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Derivatives designated as hedging instruments/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest rate swaps/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"Other accrued liabilities/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,772/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(5,379/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table presents the effect of the Company's financial derivatives and the location in which they are presented on the Company's Consolidated Statements of Financial Condition and Consolidated Statements of Income: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="26%" /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 46pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bDerivativesbr /innbsp;Cash Flowbr /Hedgingbr /Relationships/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAmount of Gain or (Loss)br /Recognized in Accumulatedbr /Other Comprehensive/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bIncome on Derivative/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"b(Effective Portion) for the/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bYears Ended/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bNovembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLocationnbsp;of/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bGain or/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"b(Loss)br /Reclassified/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bfrombr /Accumulatedbr /Otherbr /Comprehensivebr /Income intobr /Income/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"b(Effectivebr /Portion)/b/font/td td valign="bottom" rowspan="2"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAmount of Gain/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bor (Loss) Reclassifiedbr /from Accumulated Otherbr /Comprehensive Incomebr /into Income (Effectivebr /Portion) for the Yearsbr /Ended Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLocationnbsp;of/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bGain orbr /(Loss)br /Recognizednbsp;inbr /Incomenbsp;onbr /Derivativebr /(Ineffectivebr /Portion andbr /Amountbr /Excludedbr /frombr /Effectivenessbr /Testing)/b/font/td td valign="bottom" rowspan="2"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAmount of Gain/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bor (Loss) Recognized inbr /Income on Derivativebr /(Ineffective Portionbr /and Amount/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bExcluded frombr /Effectiveness/b/fontbr /font style="font-family: Times New Roman;" class="_mt" size="1"bTesting) for the Yearsbr /Ended Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 49pt;"font style="font-family: Times New Roman;" class="_mt" size="1"b(Innbsp;thousands)/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="bottom" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest Rate Products/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(2,628/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(5,959/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(3,715/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;br /nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"Interestbr /expense/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;br /nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(3,072/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(4,221/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(74/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;br /nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"Interestbr /expense/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;br /nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(3,088/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iCredit-risk-related contingent features/i. The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, includingnbsp;default where repaymentnbsp;of the indebtedness has not been accelerated by the lender,nbsp;then the Company could also be declared in default on its derivative obligations. As of Novembernbsp;30, 2010, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $1.9 million. As of Novembernbsp;30, 2010, the Company has not posted any collateral related to these agreements. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at thei r termination value./font/p /div

INTANGIBLE ASSETS	12 Months Ended
INTANGIBLE ASSETS	Nov. 30, 2010
INTANGIBLE ASSETS
INTANGIBLE ASSETS	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b10. INTANGIBLE ASSETS /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Intangible assets consist of those definite-lived intangibles from the acquisitions of Barra in June 2004, RiskMetrics in June 2010 and Measurisk in July 2010. The Company amortizes definite-lived intangible assets over their estimated useful lives. Amortizable intangible assets are tested for impairment when impairment indicators are present, and, if impaired, written down to fair value based on either discounted cash flows or appraised values. No impairment of intangible assets has been identified during any of the periods presented. The Company has no indefinite-lived intangibles. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Amortization expense related to intangible assets for the years ended Novembernbsp;30, 2010, 2009, and 2008 was $41.6 million, $25.6 million and $28.5 million, respectively./font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The gross carrying amounts and accumulated amortization totals related to the Company's identifiable intangible assets are as follows: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="70%" /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bGrossbr /Carryingbr /Value/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAccumulatedbr /Amortization/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNetbr /Carryingbr /Value/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(in thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"As of Novembernbsp;30, 2010/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Customer relationships/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"461,690/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(29,500/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"432,190/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Trademarks/trade names/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"243,440/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(35,381/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"208,059/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Technology/software/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"194,131/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(123,824/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"70,307/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Proprietary process/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,800/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(317/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,483/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Non-compete agreements/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,780/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(929/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,851/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Transition agreements/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"720/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(360nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"360/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"906,561/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(190,311/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"716,250/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"As of Novembernbsp;30, 2009/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Technology/software/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"140,678/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(109,090/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"31,588/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Trademarks/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"102,220/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(26,611/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"75,609/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Customer relationships/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"25,880/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(12,888/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"12,992/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Non-competes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"268,778/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(148,589/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"120,189/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Estimated amortization expense for succeeding years is presented below: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="88%" /td td valign="bottom" width="5%" /td td /td td /td td /td/tr trtd valign="bottom"nbsp;font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAmortizationbr /Expense/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 16pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bYear/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(innbsp;thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2011/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"66,050/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2012/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"63,835/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2013/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"53,124/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2014/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"52,864/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"2015/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"52,803/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Thereafter/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"427,574/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"716,250/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b /b/fontnbsp;/p /div

SHARE-BASED COMPENSATION	12 Months Ended
SHARE-BASED COMPENSATION	Nov. 30, 2010
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b12. SHARE-BASED COMPENSATION /b/font/p p style="margin-top: 6px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iMSCI Share-based Compensation Awards /i/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On Novembernbsp;6, 2007, the Company's Board of Directors approved the award of founders grants to its employees in the form of restricted stock units and/or options ("Founders Grant Award"). The aggregate value of the grants, which were made on Novembernbsp;14, 2007, was approximately $68.0 million. The restricted stock units and options vest over a four year period, with 50% vesting on the second anniversary of the grant date and 25% vesting on each of the third and fourth anniversary of the grant date. The options have an exercise price per share of $18.00 and have a term of 10 years, subject to earlier cancellation in certain circumstances. The aggregate value of the optionsnbsp;was calculated using the Black-Scholes valuation method consistent with ASC Subtopic 718-10, "Compensation-Stock Compensation." /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On Decembernbsp;16, 2008, the Company, as a component of the 2008 annual bonus, awarded a portion of its employees with a grant in the form of restricted stock units ("2008 Bonus Award"). The aggregate value of the grants was approximately $9.5 million of restricted stock units. The restricted stock units vest over a three year period, with one-third vesting on Januarynbsp;8, 2010,nbsp;Januarynbsp;10, 2011 and Januarynbsp;9, 2012, respectively. Approximately $4.2 million of this grant was awarded to retirement-eligible employees under the award terms.nbsp;Based on interpretive guidance related to ASC Subtopic 718-10, the Company accrues the estimated cost of these awards over the course of the fiscal year in which the award is earned. As such, the Company accrued the estimated cost of the 2008 Bonus Award granted to retirement-eligible em ployees over the 2008 fiscal year rather than expensing the awards on the date of grant. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On Decembernbsp;16, 2009, the Company, as a component of the 2009 annual bonus, awarded certain of its employees with a grant in the form of restricted stock units ("2009 Bonus Award"). The aggregate value of the grants was approximately $13.2 million of restricted stock units. The restricted stock units vest over a three year period, with one-third vesting on Decembernbsp;20, 2010,nbsp;Decembernbsp;19, 2011 and Decembernbsp;17, 2012, respectively. Approximately $5.1 million of this grant was awarded to retirement-eligible employees under the award terms.nbsp;The Company accrued the estimated cost of the 2009 Bonus Award granted to retirement-eligible employees over the 2009 fiscal year. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On Junenbsp;1, 2010, the Company reserved approximately 4.2nbsp;million class A common shares for outstanding vested and unvested stock options and 0.1nbsp;million class A common shares for outstanding unvested restricted stock awards assumed as part of the acquisition of RiskMetrics. Over an approximate three and a half year period from the date assumed, $16.7 million is expected to be expensed for unvested stock options and $1.3 million for unvested restricted stock awards. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"On Junenbsp;1, 2010, the Company awarded certain of its employees with a grant in the form of restricted stock units ("Performance Award"). The Performance Award will performance-vest based upon the Company achieving specific performance targets over a measurement period ending on the fiscal year end 2012 and time-vest over a 31 month period, with one-half time-vesting on Decembernbsp;1, 2011 and Decembernbsp;31, 2012, respectively. The aggregate value of the grants was approximately $15.9 million. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In December 2010, the Company, as a component of the 2010 annual bonus, awarded a portion of its employees with a grant in the form of restricted stock units. The total number of units granted was 513,888. The aggregate value of the grants was approximately $18.9 million. Approximately $6.2 million was awarded to retirement eligible employees under the award terms, $5.7 million of which had been expensed in the year ended Novembernbsp;30, 2010. On Decembernbsp;10, 2010, the Compensation Committee (the "Committee") of the Board of Directors of the Company approved the grant of a special one-time price and time vested stock option award of 208,175 units to the Company's Chief Executive Officer. The award was valued using a Monte Carlo simulation based on the closing price of the Company's class A common stock at the close of business on Decembernbsp;13, 2 010./font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"For the Founders Grant Award and the Performance Award, all or a portion of the award may be cancelled in certain limited situations, including termination for cause, if employment is terminated before the end of the relevant restriction period. For the remainder of the awards granted by the Company, all or a portion may be cancelled if employment is terminated for certain reasons before the end of the relevant restriction period for non-retirement-eligible employees. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In connection with awards under its equity-based compensation and benefit plans, the Company is authorized to issue shares of its common stock held in treasury or newly issued shares. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The components of share-based compensation expense related to the awards to Company employees and directors who are not employees of the Company or Morgan Stanley of restricted stock units and restricted stock awards (representing shares of MSCI common stock) and options to purchase MSCI common stock, as applicable, are presented below (in thousands): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="67%" /td td valign="bottom" width="6%" /td td /td td /td td /td td valign="bottom" width="6%" /td td /td td /td td /td td valign="bottom" width="6%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 67pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bFornbsp;thenbsp;yearsnbsp;ended/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNovembernbsp;30,br /2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNovembernbsp;30,br /2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNovembernbsp;30,br /2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Deferred stock/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"24,632/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"28,987/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"24,318/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Stock options/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7,653/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,174/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,020/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"32,285/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"35,161/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"30,338/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The amount of this expense included in cost of services for the years ended Novembernbsp;30, 2010, 2009 and 2008 was $12.0 million, $12.2 million and $10.0 million, respectively. The amount of this expense included in selling, general and administrative expense for the years ended Novembernbsp;30, 2010, 2009 and 2008 was $17.3 million, $23.0 million and $20.4 million, respectively. The amount of this expense included in restructuring expense for the year ended Novembernbsp;30, 2010 was $3.0 million. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The tax benefits for share-based compensation expense related to deferred stock and stock options granted to Company employees and to directors who are not employees of the Company or Morgan Stanley were $8.5 million for the year ended Novembernbsp;30, 2010. The tax benefits for share-based compensation expense related to deferred stock and stock options granted to Company employees and to directors who are not employees of the Company or Morgan Stanley were $6.9 million for the year ended Novembernbsp;30, 2009. No tax benefits for share-based compensation expense were recognized for the years ended Novembernbsp;30, 2008. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"As of Novembernbsp;30, 2010, approximately $31.6 million of compensation cost related to MSCI unvested share-based awards granted to the Company's employees and to directors who are not employees of the Company or Morgan Stanley had not yet been recognized. The unrecognized compensation cost relating to unvested stock-based awards expected to vest will be recognized primarily over the next one to three years. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In connection with awards under its equity-based compensation and benefit plans, the Company is authorized to issue shares of its class a common stock. As of Novembernbsp;30, 2010, approximately 10.8nbsp;million shares of Common Stock were available for future grant under these plans. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iDeferred Stock Awards/i. Certain Company employees have been granted deferred stock awards pursuant to its share-based compensation plan. The plan provides for the deferral of a portion of certain employees' discretionary compensation with awards made in the form of the right to receive restricted stock units and restricted stock awards. Recipients of deferred stock generally have rights to receive dividend equivalents that are not subject to vesting. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table sets forth activity concerning the Company's vested and unvested deferred stock awards applicable to its employees (share data in thousands): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="73%" /td td valign="bottom" width="9%" /td td /td td /td td /td td valign="bottom" width="9%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 135pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bFor the Year Ended Novembernbsp;30, 2010/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNumbernbsp;ofnbsp;Shares/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bWeightedbr /Averagenbsp;Price/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Deferred stock awards at beginning of year/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,887/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17.36/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Granted or assumed/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,109/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"31.26/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Conversion to common stock/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,010/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"19.17/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Canceled/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(104/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"20.88/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Deferred stock awards at end of year/fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2" /font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,882/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"24.38/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr/table p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;" /p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"As of Novembernbsp;30, 2010, approximately 1,861nbsp;million restricted stock units and restricted stock awards, with a weighted average price of $24.41, were vested or expected to vest. /font/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The total fair value of restricted stock units and restricted stock awards held by the Company's employees converted or vested to MSCI common stock during the year ended Novembernbsp;30, 2010, 2009 and 2008 was $34.3 million, 45.3nbsp;million and $1.9 million, respectively. /font/p p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table sets forth activity concerning the Company's unvested deferred stock awards related to its employees (share data in thousands): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="71%" /td td valign="bottom" width="10%" /td td /td td /td td /td td valign="bottom" width="10%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 135pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bFor the Year Ended Novembernbsp;30, 2010/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNumbernbsp;ofnbsp;Shares/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bWeightednbsp;Averagebr /Grant Date Fairbr /Value/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Unvested deferred stock awards at beginning of year/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,625/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17.60/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Granted or assumed/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,109/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"31.26/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Vested/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,081/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"21.46/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Canceled/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(104/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"20.88/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Unvested deferred stock awards at end of year/fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2" /font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,549/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"24.48/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Expected to vest/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,528/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"24.49/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr/table p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;" /p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Unvested deferred stock awards represent awards where recipients have yet to satisfy either the explicit vesting terms or retirement-eligibility requirements. /font/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iStock Option Awards/i. MSCI reserved approximately 4.2nbsp;million shares of Common Stock for outstanding vested and unvested stock options assumed as part of the acquisition of RiskMetrics. The fair values of stock options assumed were estimated using a Hull-White Lattice option-pricing model. No additional stock options were issued by the Company during the years ended Novembernbsp;30, 2010, 2009 and 2008. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The weighted average fair value of MSCI stock options assumed by the Company in the year ended Novembernbsp;30, 2010 was $16.58, utilizing the following assumptions: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="84%" /td td valign="bottom" width="5%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFornbsp;thenbsp;yearnbsp;endedbr /Novembernbsp;30,br /2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Risk free interest rate range/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.35%nbsp;tonbsp;3.21nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Expected forfeiture rate/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7.0nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Expected stock price volatility range/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"28.8nbsp;tonbsp;56.8nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Suboptimal exercise factor/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2.14/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Expected dividend yield/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The expected stock price volatility assumption was determined using the historical volatility of the Company and of MSCI's peers. Because the Company did not have sufficient share price history to calculate the historical volatility of MSCI Common Stock, the Company believes that the combination of its own and its peers' historical volatility is the most reliable data for the purposes of estimating the expected volatility. /font/p p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table sets forth activity concerning MSCI stock options granted to the Company's employees for the year ended Novembernbsp;30, 2010 (option data and dollar values in thousands, except exercise price): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="67%" /td td valign="bottom" width="4%" /td td /td td /td td /td td valign="bottom" width="4%" /td td /td td /td td /td td valign="bottom" width="4%" /td td /td td /td td /td td valign="bottom" width="4%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 135pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bFor the Year Ended Novembernbsp;30, 2010/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNumberbr /ofbr /Options/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bWeightedbr /Averagebr /Exercisebr /Price/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bWeightedbr /Averagebr /Remainingbr /Lifebr /(Years)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAggregatedbr /Intrinsicbr /Value/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Options outstanding at beginning of year/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,017/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"18.00/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7.96/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"N/A/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Granted or assumed/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,175/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"16.67/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"N/A/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"N/A/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Forfeited/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(138/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"20.35/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"N/A/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"N/A/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Conversion to common stock/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,497/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"15.48/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"N/A/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"N/A/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Options outstanding at end of year/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,557/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17.54/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6.47/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"75,301/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Options exercisable at year end/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,683/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"15.23/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5.65/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"50,519/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Options vested or expected to vest/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,459/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17.45/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6.40/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"74,087/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table presents information relating to the Company's stock options outstanding as of Novembernbsp;30, 2010 (number of options outstanding and aggregate intrinsic value data in thousands): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="56%" /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 76pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bAt Novembernbsp;30, 2010/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="14" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOptions Outstanding/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 84pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bRange of Exercise Prices/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNumberbr /Outstanding/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bWeightednbsp;Averagebr /Exercise Price/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAveragebr /Remainingbr /Lifenbsp;(Years)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAggregatebr /Intrinsicbr /Value/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"$1.00 to $7.00/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"612/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4.83/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3.33/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,893/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"$7.01 to $14.00/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"267/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9.79/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5.15/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,492/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"$14.01 to $21.00/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,025/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17.68/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6.94/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"33,170/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"$21.01 to $28.00/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,653/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"23.32/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7.27/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,746/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,557/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"75,301/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table presents information relating to the Company's stock options exercisable as of Novembernbsp;30, 2010 (number of options outstanding and aggregate intrinsic value data in thousands): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="56%" /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 76pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bAt Novembernbsp;30, 2010/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="14" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOptions Exercisable/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 84pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bRange of Exercise Prices/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bNumberbr /Outstanding/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bWeightednbsp;Averagebr /Exercise Price/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAveragebr /Remainingbr /Lifenbsp;(Years)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAggregatebr /Intrinsicbr /Value/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"$1.00 to $7.00/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"612/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4.83/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3.33/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,893/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"$7.01 to $14.00/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"268/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9.79/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5.15/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,492/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"$14.01 to $21.00/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,152/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17.94/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6.47/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"18,566/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"$21.01 to $28.00/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"651/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"22.44/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6.58/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7,568/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,683/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"50,519/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The intrinsic value of the stock options exercised by the Company's employees during the year ended Novembernbsp;30, 2010 and 2009 was $17.4 million and $0.6 million, respectively. No stock options were exercised by the Company's employees during the year ended Novembernbsp;30, 2008. /font/p p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iMorgan Stanley Share-based Compensation Awards /i/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Certain employees of the Company had received share-based compensation under Morgan Stanley's executive compensation programs. The fair value of Morgan Stanley-related restricted stock units was determined based on the number of units granted and the grant date fair value of Morgan Stanley common stock, measured as the volume-weighted average price on the date of grant. The fair value of Morgan Stanley-related stock options was determined using the Black-Scholes valuation model and the single grant life method. Under the single grant life method, option awards with graded vesting are valued using a single weighted-average expected option life. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The components of share-based compensation expense (net of cancellations) related to Company employees allocated to the Company are presented below: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="81%" /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFor thenbsp;yearsnbsp;endedbr /Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(in thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Deferred stock/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"602/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,594/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Stock options/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"128/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"61/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"730/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,655/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"No expense related to Morgan Stanley shared-based compensation awards was recognized in either cost of services or selling, general and administrative expense in the year ended Novembernbsp;30, 2010. The amount of expense included in cost of services in the years ended Novembernbsp;30, 2009 and 2008 was $0.1 million and $0.8 million, respectively. The amount of expense included in selling, general and administrative expense in the years ended Novembernbsp;30, 2009 and 2008 was $0.6 million and $0.9 million, respectively. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"No Morgan Stanley stock options were exercised by the Company's employees during the years ended Novembernbsp;30, 2010 or 2009. The intrinsic value of the Morgan Stanley stock options exercised by the Company's employees during the year ended Novembernbsp;30, 2008 was immaterial./font/p /div

INCOME TAXES	12 Months Ended
INCOME TAXES	Nov. 30, 2010
INCOME TAXES
INCOME TAXES	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b13.nbsp;INCOME TAXES /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The provision for income taxes (benefits) consisted of (in thousands): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="76%" /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFornbsp;thenbsp;yearsnbsp;endednbsp;Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Current/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"U.S. federal/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"36,386/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"45,957/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"36,394/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"U.S. state and local/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"9,452/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"10,714/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7,586/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; 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margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Provision for income taxes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"61,321/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"49,920/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"41,375/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table reconciles the provision to the U.S. federal statutory income tax rate: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="72%" /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td td valign="bottom" width="7%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFornbsp;thenbsp;fiscalsnbsp;yearnbsp;endednbsp;Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bnbsp;nbsp;nbsp;nbsp;2010nbsp;nbsp;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bnbsp;nbsp;nbsp;nbsp;2009nbsp;nbsp;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bnbsp;nbsp;nbsp;nbsp;2008nbsp;nbsp;nbsp;nbsp;/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"U.S. federal statutory income tax rate/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"35.00/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"35.00/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"35.00/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"U.S. state and local income taxes, net of U.S. federal income tax benefits/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3.13/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3.63/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3.76/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Change in tax rates applicable to non-U.S. earnings/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.33/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(0.64/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%)nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(0.58/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%)nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Domestic tax credits/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(0.96/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%)nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1.85/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%)nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1.49/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"0.87/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1.41/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Effective income tax rate/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"39.95/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"37.90/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"37.74/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"%nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Significant components of the Company's deferred tax assets and liabilities at Novembernbsp;30, 2010 and Novembernbsp;30, 2009 were as follows (in thousands): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="81%" /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Deferred tax assets/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Employee compensation and benefit plans/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"25,995/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"16,587/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Property, equipment and leasehold improvements, net/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,462/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,575/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"State taxes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,192/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,824/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest rate swap/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"692/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,100/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Foreign taxes/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,970/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Foreign currency translation/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,256/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,927/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Pension/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"122/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"484/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Unearned revenue/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,146/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"NOL carryforward ndash; current/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"11,906/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"NOL carryforward ndash; non-current/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"22,873/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,453/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,499/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Subtotal/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"76,097/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"31,966/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Less: valuation allowance/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,003 /font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total deferred tax assets/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"75,094/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"31,966/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Deferred tax liabilities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Intangible assets/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(267,277/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(44,655/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(950 /font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(2,814 /font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total deferred tax liabilities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(268,227/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(47,469/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net deferred tax liabilities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(193,133/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(15,503/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net current deferred tax asset/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"47,811/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"24,577/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net non-current deferred tax liabilities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(240,944/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(40,080/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Net deferred tax liabilities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(193,133/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(15,503/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Earnings attributable to foreign subsidiaries were approximately $48.6 million, $25.1 million and $18.4 million for the years ended Novembernbsp;30, 2010, 2009 and 2008, respectively. No provisions for income tax that could occur upon repatriation have been recorded on these earnings. Except to the extent such earnings can be repatriated tax efficiently, they are permanently invested abroad. It is not practicable to determine the amount of income taxes payable in the event all such foreign earnings are repatriated. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company regularly assesses the likelihood of additional assessments in each of the taxing jurisdictions in which it files income tax returns. The Company has established unrecognized tax benefits that the Company believes are adequate in relation to the potential for additional assessments. Once established, the Company adjusts unrecognized tax benefits only when more information is available or when an event occurs necessitating a change. As part of the Company's periodic review of unrecognized tax benefits and based on new information regarding the status of federal and state examinations, the Company's unrecognized tax benefits were remeasured. It is reasonably possible that significant changes in the balance of unrecognized tax benefits may occur within the next 12 months. At this time, however, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits and the impact on the effective tax rate over the next 12 months. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company believes the resolution of tax matters will not have a material effect on the Consolidated Statement of Financial Condition of the Company, although a resolution could have a material impact on the Company's Consolidated Statement of Income for a particular future period and on the Company's effective tax rate for any period in which such resolution occurs. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table presents a reconciliation of the beginning and ending amount of the gross unrecognized tax benefits, excluding interest and penalties, for the year ended Novembernbsp;30, 2010: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="77%" /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td td valign="bottom" width="3%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFor the Years Endedbr /Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="1"bGross unrecognized tax benefits/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="1"b(amounts in thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" colspan="2"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" colspan="2"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" colspan="2"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Beginning balance as of Decembernbsp;1/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"10,974/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,625/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,609/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Increases based on tax positions related to the current period/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,516/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"466/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"689/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Decreases based on tax positions related to current period/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Increases based on tax positions related to prior periods/fontfont style="font-family: Times New Roman;" class="_mt" size="1"sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/fontfont style="font-family: Times New Roman;" class="_mt" size="2" /font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,773/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"8,796/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"327/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Decreases based on tax positions related to prior periods/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(317/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(349/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Increases/ (Decreases) related to settlements with taxing authorities/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(887/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(564/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Increases/(Decreases) related to a lapse of applicable statute of limitations/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(1,970/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Ending balance as of Novembernbsp;30/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,089/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"10,974/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,625/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;" /p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Includes $3.8 million assumed upon the acquisition of RiskMetrics on June 1, 2010. /font/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The total amount of unrecognized tax benefits was approximately $10.5 million, net of federal benefit of state issues, competent authority and foreign tax credit offsets, as of Novembernbsp;30, 2010, which, if recognized, would favorably affect the effective tax rate in future periods. The Company recognizes the accrual of interest and penalties related to unrecognized tax benefits in the Provision for Income Taxes in the Consolidated Statements of Income. For the year ended Novembernbsp;30, 2010, the Company recognized $0.9 million of interest and $0.1 million of penalties in the Consolidated Statements of Income. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company is under examination by the Internal Revenue Service ("the IRS") and other tax authorities in certain countries, such as Japan and the United Kingdom, and states in which the Company has significant business operations, such as New York and California. The tax years currently under examination vary by jurisdiction. During 2010, the IRS concluded the field work portion of their examination on issues related to tax years 1999-2005. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Subsequent to the tax year ended Novembernbsp;30, 2010, Morgan Stanley reached a preliminary settlement with the New York State and New York City tax authorities on issues relating to years 2002 -2006. However, no additional assessments have yet been issued. The Company expects to settle by sometime in the second quarter of calendar 2011 and to indemnify Morgan Stanley for any additional assessments deemed to be due in accordance with the Tax Sharing Agreement. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table summarizes the major taxing jurisdictions in which the Company and its affiliates operate and the open tax years for each major jurisdiction: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="87%" /td td valign="bottom" width="3%" /td td /td td /td td /td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 56pt;"font style="font-family: Times New Roman;" class="_mt" size="1"bTax Jurisdiction/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOpen Taxbr /Years/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"United States/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" nowrap="nowrap" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1999nbsp;ndash;nbsp;2009/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"California/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2004nbsp;ndash;nbsp;2008/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"New York State and City/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2002nbsp;ndash;nbsp;2008/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Hong Kong/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2003nbsp;ndash;nbsp;2009/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"United Kingdom/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2007nbsp;ndash;nbsp;2008/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Canada/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2005nbsp;ndash;nbsp;2009/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Japan/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2009/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr/table p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b /b/fontnbsp;/p /div

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Nov. 30, 2010
SEGMENT INFORMATION
SEGMENT INFORMATION	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b14. SEGMENT INFORMATION /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"ASC Subtopic 280-10, "iSegment Reporting/i," establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. MSCI's Chief Executive Officer, who is considered to be its chief operating decision maker, or CODM, reviews financial information presented on an operating segment basis for purposes of making operating decisions and assessing financial performance.nbsp;Prior to Junenbsp;1, 2010, the Company assessed that it operated in a single business segment based on its historical integration and management strategies. As a result of MSCI's acquisition of RiskMetrics, MSCI began operating a s two segments, the Performance and Risk business and the Governance business. These designations have been made as the discrete operating results of these segments are reviewed by the Company's CODM for purposes of making operating decisions and assessing financial performance. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Performance and Risk business is a leading global provider of investment decision support tools, including indices, portfolio risk and performance analytics, credit analytics and ESG products.nbsp;The business provides clients with a broad suite of products and services to assist them with managing equity, fixed income and multi-asset class portfolios.nbsp;The products are used in many areas of the investment process, including portfolio construction and rebalancing, performance benchmarking and attribution, risk management and analysis, index-linked invest product creation, asset allocation, assessment of social responsibility, environmental stewardship and the effects of climate change on investments, investment manager selection and investment research. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Governance business is a leading provider of corporate governance products and specialized financial research and analysis services to institutional shareholders and corporations around the world. Among other things, the Governance business facilitates the voting of proxies by institutional investors and provides in-depth research and analysis to help inform their voting decisions and identify issuer-specific risk. It offers both global security coverage and fully integrated products and services, including proxy voting, policy creation, research, vote recommendations, vote execution, post-vote disclosure and reporting and analytical tools. Within a firewall, a separate unit of the Governance business also provides products and services to corporate clients who may use those products and services to learn about and improve their governance and executive compensati on practices. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The CODM does not review any information regarding total assets on an operating segment basis. Operating segments do not record intersegment revenue, and, accordingly, there is none to be reported.nbsp;The accounting policies for segment reporting are the same as for MSCI as a whole. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table presents MSCI's operating segments' results for the years ended Novembernbsp;30, 2010, 2009 and 2008: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="73%" /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bYears Ended Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="1"(in thousands)/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bOperating revenues/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Performance and Risk/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"604,307/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"442,948/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"430,961/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Governance/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"58,594/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Consolidated/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"662,901/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"442,948/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"430,961/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bAmortization of intangible assets and depreciation and amortization of property, equipment and leasehold improvements/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Performance and Risk/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"51,028/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"37,511/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"33,470/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Governance/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7,984/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Consolidated/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"59,012/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"37,511/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"33,470/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bOperating income/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Performance and Risk/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"200,369/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"150,992/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"135,790/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Governance/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,754/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Consolidated/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"206,123/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"150,992/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"135,790/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Revenue by geography is based on the shipping address of the customer. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Long-lived assets consist of property, equipment, leasehold improvements, goodwill and intangible assets, net of accumulated depreciation and amortization. /font/p p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"nbsp;/p p style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The following table sets forth revenue and long-lived assets by geographic area (in thousands): /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="45%" /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2008/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bRevenues/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLong-livedbr /Assets/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bRevenues/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLong-livedbr /Assets/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bRevenues/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLong-livedbr /Assets/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Americas:/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"United States/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"329,773/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,435,914/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"212,763/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"571,052/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"208,884/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"597,254/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"23,546/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,424/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"14,425/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"672/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,048/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"320/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total Americas/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"353,319/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,438,338/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"227,188/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"571,724/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"221,932/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"597,574/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"EMEA:/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"United Kingdom/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"86,136/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,740/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"56,232/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,488/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"55,858/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,572/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"128,934/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"7,826/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"83,922/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"11,997/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"85,564/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"11,722/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total EMEA/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"215,070/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"12,566/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"140,154/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,485/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"141,422/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,294/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Asia amp; Australia:/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Japan/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"46,872/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"452/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"41,805/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"503/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"36,890/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"483/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"47,640/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,933/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"33,801/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,481/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"30,717/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,626/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total Asia amp; Australia/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"94,512/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,385/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"75,606/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,984/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"67,607/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,109/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"662,901/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,457,289/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"442,948/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"591,193/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"430,961/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"615,977/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 18px; 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QUARTERLY RESULTS OF OPERATIONS	12 Months Ended
QUARTERLY RESULTS OF OPERATIONS	Nov. 30, 2010
QUARTERLY RESULTS OF OPERATIONS
QUARTERLY RESULTS OF OPERATIONS	div p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b15. QUARTERLY RESULTS OF OPERATIONS (unaudited): /b/font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="36%" /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td td valign="bottom" width="2%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="14" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="14" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFirstbr /Quarter/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bSecondbr /Quarter/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThirdbr /Quarter sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFourthbr /Quarter sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFirstbr /Quarter/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bSecondbr /Quarter/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bThirdbr /Quarter/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bFourthbr /Quarter/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" colspan="14" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(in thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" colspan="14" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(in thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Operating revenues/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"121,680/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"125,170/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"202,733/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"213,318/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"105,915/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"109,375/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"108,868/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"118,790/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Cost of services/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"29,291/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"30,463/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"69,741/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"69,131/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"28,935/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"29,269/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"28,247/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"32,214/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Selling, general and administrative/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"37,461/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"40,177/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"63,306/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"49,300/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"34,716/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"34,052/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"33,525/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"33,487/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Restructuring/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,953/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,943/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Amortization of intangible assets/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,278/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,277/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"16,350/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"16,694/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,429/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,428/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,429/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,268/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Depreciation and amortization of property, equipment and leasehold improvements/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,393/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,556/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,934/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,530/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,051/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,972/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,869/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,065/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Total operating expenses/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"74,423/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"78,473/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"161,284/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"142,598/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"73,131/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"72,721/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"71,070/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"75,034/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Operating income/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"47,257/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"46,697/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"41,449/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"70,720/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"32,784/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"36,654/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"37,798/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"43,756/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest income/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(408/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(343/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(114/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(128/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(121/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(220/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(373/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(339/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest expense/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,436/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"8,991/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"20,415/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"17,495/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,638/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,904/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,628/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"4,513/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other expense (income)/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(608/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"98/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"524/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,274/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"882/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(2/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(168/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(71/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; 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margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Weighted average shares outstanding used in computing per share data/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom" /td td valign="bottom" /td td valign="bottom" /td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Basic/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"105,235/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"105,345/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"118,339/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"119,309/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,286/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,359/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,402/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"101,383/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Diluted/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"105,844/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"106,003/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"120,341/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"121,172/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,286/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,371/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"100,833/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"101,952/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;" /p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Includes the results of RiskMetrics and Measurisk as of the Junenbsp;1, 2010 and Julynbsp;30, 2010 acquisition dates, respectively./font/td/tr/table /div

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Nov. 30, 2010	Jan. 24, 2011	May 31, 2010
Statement [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Nov. 30, 2010
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	FY
Entity Registrant Name	MSCI Inc.
Entity Central Index Key	0001408198
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 3,054,920,949
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	Yes
Common Class A
Statement [Line Items]
Entity Common Stock, Shares Outstanding		119,699,741
Common Class B
Statement [Line Items]
Entity Common Stock, Shares Outstanding		0

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2010	Nov. 30, 2009
Statement [Line Items]
Trade receivables, allowances	$ 1,013	$ 847
Property, equipment and leasehold improvements, accumulated depreciation	58,964	26,498
Intangible assets, accumulated amortization	$ 190,311	$ 148,589
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Treasury shares, at cost	1,022,508	610,515
Common Class A
Statement [Line Items]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	120,544,551	105,391,919
Common stock, shares outstanding	119,522,043	104,781,404
Common Class B
Statement [Line Items]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2010	Nov. 30, 2009	Nov. 30, 2008
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 92,170	$ 81,801	$ 68,268
Other comprehensive income (loss):
Foreign currency translation adjustments	4,195	418	(3,576)
Income tax effect	(1,640)	(89)	1,343
Foreign currency translation adjustments, net of tax	2,555	329	(2,233)
Unrealized gain (loss) on cash flow hedges	3,607	(1,737)	(3,642)
Income tax effect	(1,408)	716	1,384
Unrealized gain (loss) on cash flow hedges, net of tax	2,199	(1,021)	(2,258)
Unrealized gains on available-for-sale securities	5
Income tax effect	(2)
Unrealized gains on available-for-sale securities, net of tax	3
Periodic pension adjustment	1,228	823	(3,489)
Income tax effect	(361)	(367)	851
Periodic pension adjustment, net of tax	867	456	(2,638)
Other comprehensive income (loss), net of tax	5,624	(236)	(7,129)
Comprehensive income	$ 97,794	$ 81,565	$ 61,139

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2010	Nov. 30, 2009	Nov. 30, 2008
Statement [Line Items]
Balance	$ 507,056	$ 286,382	$ 200,021
Net income	92,170	81,801	68,268
Foreign currency translation adjustment	2,555	329	(2,233)
Net changes in unrealized losses on cash flow hedges	2,199	(1,021)	(2,258)
Unrealized gain on available-for-sale securities	3
Measurement date adjustment			(204)
Pension adjustment	867	456	(2,638)
Common stock issued in offering		115,755
Common stock issued	10	15	1
Common stock issued to acquire RiskMetrics Group, Inc.	371,815
Compensation payable in common stock and options	31,741	34,302	26,127
Compensation payable in common stock assumed to acquire RiskMetrics Group, Inc.	53,879
Common stock repurchased and held in treasury	(14,151)	(18,487)	(681)
Exercise of stock options	23,436	597
Excess tax benefits from employee stock incentive plans	8,537	6,927
Expenses related to initial public offering			(21)
Balance	1,080,117	507,056	286,382
Common Stock [Member]
Statement [Line Items]
Balance	1,054	1,001	1,000
Common stock issued in offering		38
Common stock issued	10	15	1
Common stock issued to acquire RiskMetrics Group, Inc.	126
Exercise of stock options	15
Balance	1,205	1,054	1,001
Treasury Stock [Member]
Statement [Line Items]
Balance	(19,168)	(681)
Common stock repurchased and held in treasury	(14,151)	(18,487)	(681)
Balance	(33,319)	(19,168)	(681)
Additional Paid-in Capital [Member]
Statement [Line Items]
Balance	448,747	291,204	265,098
Common stock issued in offering		115,717
Common stock issued to acquire RiskMetrics Group, Inc.	371,689
Compensation payable in common stock and options	31,741	34,302	26,127
Compensation payable in common stock assumed to acquire RiskMetrics Group, Inc.	53,879
Exercise of stock options	23,421	597
Excess tax benefits from employee stock incentive plans	8,537	6,927
Expenses related to initial public offering			(21)
Balance	938,014	448,747	291,204
Retained Earnings (accumulated deficit) [Member]
Statement [Line Items]
Balance	84,013	2,212	(65,884)
Net income	92,170	81,801	68,268
Measurement date adjustment			(172)
Balance	176,183	84,013	2,212
Accumulated Other Comprehensive Income (loss) [Member]
Statement [Line Items]
Balance	(7,590)	(7,354)	(193)
Foreign currency translation adjustment	2,555	329	(2,233)
Net changes in unrealized losses on cash flow hedges	2,199	(1,021)	(2,258)
Unrealized gain on available-for-sale securities	3
Measurement date adjustment			(32)
Pension adjustment	867	456	(2,638)
Balance	$ (1,966)	$ (7,590)	$ (7,354)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Millions	12 Months Ended
	Nov. 30, 2009 USD ($)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Underwriting discount and other direct costs relating to proceeds from public offering of common stock	$ 1.3

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Nov. 30, 2010
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	div p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b2. RECENT ACCOUNTING PRONOUNCEMENTS /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In June 2008, the Financial Accounting Standards Board ("FASB") issued guidance titled, "iDetermining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities./i" This guidance is covered under ASC Sectionnbsp;260-10-55, "iEarnings Per Share-Overall-Implementation Guidance and Illustrations/i." The guidance addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share under the two-class method as described by ASC Sectionnbsp;260-10-45, "iEarnings Per Share-Overall-Other Presentation Matters/i." Under the guidance, unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whe ther paid or unpaid) are participating securities and shall be included in the computation of earnings per share ("EPS") pursuant to the two-class method. The accounting guidance on whether share-based payment transactions are participating securities became effective for the Company on Decembernbsp;1, 2009. All prior-period EPS data presented have been adjusted retrospectively. The Company's adoption of this accounting guidance, which addresses the computation of EPS under the two-class method for share-based payment transactions that are participating securities, reduced basic EPS by $0.01 and $0.02 for the years ended Novembernbsp;30, 2009 and 2008, respectively. The Company's adoption of this accounting guidance had no effect on diluted EPS for the year ended Novembernbsp;30, 2009 and reduced diluted EPS by $0.01 for the year ended Novembernbsp;30, 2008. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In October 2009, the FASB issued Accounting Standards Update ("ASU") No.nbsp;2009-13, "iRevenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements/i," or ASU No.nbsp;2009-13. ASU No.nbsp;2009-13 addresses how to determine whether an arrangement involving multiple deliverables contains more than one unit of accounting and how the arrangement consideration should be allocated among the separate units of accounting. ASU No.nbsp;2009-13 will be effective for the Company's fiscal year 2011. The guidance may be applied retrospectively or prospectively for new or materially modified arrangements. The Company is currently assessing the impact that this guidance will have on its consolidated financial statements. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In October 2009, the FASB issued ASU No.nbsp;2009-14, "iSoftware (Topic 985): Certain Revenue Arrangements That Include Software Elements/i," or ASU No.nbsp;2009-14. ASU No.nbsp;2009-14 modifies the scope of the software revenue recognition guidance to exclude (a)nbsp;non-software components of tangible products and (b)nbsp;software components of tangible products that are sold, licensed or leased with tangible products when the software components and non-software components of the tangible product function together to deliver the tangible product's essential functionality. ASC No.nbsp;2009-14 will be effective for the Company's fiscal year 2011. The guidance may be applied retrospectively or prospectively for new or materially modified arrangements. The Company is currently assessing the impact that this guidance will ha ve on its consolidated financial statements. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In February 2010, the FASB issued ASU No.nbsp;2010-9, "iSubsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure Requirements/i," or ASU 2010-9. ASU 2010-9 amends disclosure requirements within Subtopic 855-10. An entity that is a U.S. Securities and Exchange Commission ("SEC") filer is not required to disclose the date through which subsequent events have been evaluated. This change alleviates potential conflicts between Subtopic 855-10 and the SEC's requirements. ASU 2010-9 was effective immediately for the Company. The adoption of ASU 2010-09 did not have a material impact on the Company's consolidated financial statements. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In April 2010, the FASB issued ASU No.nbsp;2010-12, "iAccounting for Certain Tax Effects of the 2010 Health Care Reform Acts,/i or ASU 2010-12. This update clarifies questions surrounding the accounting implications of the different signing dates of the Health Care and Education Reconciliation Act (signednbsp;March 30, 2010) and the Patient Protection and Affordable Care Act (signed Marchnbsp;23, 2010). ASU 2010-12 states that the FASB and the Office of the Chief Accountant at the SEC would not be opposed to viewing the two Acts together for accounting purposes. The adoption of ASU 2010-12 did not have a material impact on the Company's consolidated financial statements. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In December 2010, the FASB issued ASU No.nbsp;2010-28, "iIntangibles#8212;Goodwill and Other (Topic 350),/i" or ASU 2010-28.nbsp;This ASU amends ASC Topic 350.nbsp;ASU 2010-28 clarifies the requirement to test for impairment of goodwill.nbsp;ASC Topic 350 has required that goodwill be tested for impairment if the carrying amount of a reporting unit exceeds its fair value.nbsp;Under ASU 2010-28, when the carrying amount of a reporting unit is zero or negative an entity must assume that it is more likely than not that a goodwill impairment exists, perform an additional test to determine whether goodwill has been impaired and calculate the amount of that impairment.nbsp;The modifications to ASC Topic 350 resulting from the issuance of ASU 2010-28 are effective for fiscal years beginning after Decembernbsp;15, 2010 a nd interim periods within those years. Early adoption is not permitted.nbsp;The Company is currently assessing what effect, if any, the application of the amendments in ASU 2010-28 may have on its consolidated financial statements. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"In Decembernbsp;2010, the FASB issued ASU No.nbsp;2010-29, i"Business Combinations (Topic 805)#8212;Disclosure of Supplementary Pro Forma Information for Business Combinations,"/i or ASU 2010-29. This standard update clarifies that, when presenting comparative financial statements, SEC registrants should disclose revenue and earnings of the combined entity as though the current period business combinations had occurred as of the beginning of the comparable prior annual reporting period only. The update also expands the supplemental pro forma disclosures to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. ASU 2010-29 is effective prospectively for material (either on an individual or aggr egate basis) business combinations entered into in fiscal years beginning on or after Decembernbsp;15, 2010. The Company is currently assessing the impact that this guidance will have on its consolidated financial statements./font/p /div

RESTRUCTURING	12 Months Ended
RESTRUCTURING	Nov. 30, 2010
RESTRUCTURING
RESTRUCTURING	div p style="margin-top: 0px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b4. RESTRUCTURING /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"During the year ended Novembernbsp;30, 2010, MSCI's management approved, committed to and initiated a plan to restructure the Company's operations due to its acquisition of RiskMetrics (the "Restructuring Plan") in order to eliminate overlapping positions, eliminate duplicative occupancy costs, terminate overlapping vendor contracts and discontinue the planned integration of a product into RiskMetrics' standard product offering suite. The Company accounts for restructuring costs in accordance with ASC Subtopic 420-10, "iExit or Disposal Cost Obligations/i."nbsp;The restructuring costs will be recorded to the "Restructuring expense" line item within the Company's Consolidated Statements of Income as they are recognized. The Company currently estimates restructuring costs associated with the exit of certain leases will range from $2 million to $ 3 million and anticipates that these costs will be recognized in the year ended Novembernbsp;30, 2011. The Company is continuing to develop plans for the efficient transitions related to its restructuring activities and evaluate other options to continue the optimization of its operations. The Company expects to incur additional future restructuring costs over the next 13 months. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company recorded $8.9 million of restructuring expenses in connection with the Restructuring Plan during the year ended Novembernbsp;30, 2010. Of this amount, approximately $3.0 million was related to the accelerated vesting of share-based compensation awards triggered by the elimination of overlapping positions. This amount is not accounted for as a restructuring liability under the line item "Other accrued liabilities" but is instead recorded under the line item "Additional paid-in capital" in the Company's Consolidated Statement of Financial Condition. Approximately $6.7 million of the restructuring expenses were recorded under the Company's Performance and Risk operating segment and $2.2 million were recorded under the Company's Governance operating segment. Any changes to the estimates in connection with executing the Restructuring Plan will be reflected in the Company's future results of operations. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The table below summarizes the accrual and charges incurred with respect to the Company's Restructuring Plan that are included in the line items "Other accrued liabilities" in the Company's Consolidated Statement of Financial Condition as of Novembernbsp;30, 2010:/font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="66%" /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td td valign="bottom" width="5%" /td td /td td /td td /td/tr trtd valign="bottom"nbsp;font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="14" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bMSCI Restructuring Plan/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom" nowrap="nowrap" p style="border-bottom: #000000 1px solid; width: 48pt;"font style="font-family: Times New Roman;" class="_mt" size="1"b(in thousands)/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bSeverance/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bLeasebr /termination/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bOthersup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"(1)/sup/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bTotal/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bAccrued Balance, Decembernbsp;1, 2009/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Initial costs/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,601/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,333/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"922/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"5,856/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Cash payments/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(2,515/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(63/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(922/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(3,500/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Other/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"27/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"28/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"bAccrued Balance, Novembernbsp;30, 2010/b/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,087/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"1,297/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"#8212;nbsp;nbsp;/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"2,384/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;" /p table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" trtd valign="top" width="4%" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"(1)/font/td td valign="top" align="left"font style="font-family: Times New Roman;" class="_mt" size="2"Represents the costs associated with discontinuance of the planned integration of a product into RiskMetrics' standard product offering suite./font/td/tr/table /div

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Nov. 30, 2010
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b8. RELATED PARTY TRANSACTIONS /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Prior to Maynbsp;22, 2009, Morgan Stanley owned a controlling interest in the Company and, as such, was treated as a related party.nbsp;On Maynbsp;22, 2009, Morgan Stanley sold all of its remaining shares of the Company's stock.nbsp;At that time, Morgan Stanley ceased to be a related party and all subsequent transactions between Morgan Stanley and MSCI are accounted for, and presented as, third party transactions. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Morgan Stanley or its affiliates subscribe to, in the normal course of business, certain of the Company's products. Amounts recognized as related party revenues by the Company from subscription to the Company's products by Morgan Stanley for the year ended Novembernbsp;30, 2009 and 2008 was $5.3 million and $12.4 million, respectively. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Morgan Stanley affiliates had invoiced administrative expenses to the Company primarily relating to staff services. The amounts invoiced by Morgan Stanley affiliates for staff services for the year ended Novembernbsp;30, 2009 and 2008 was $1.7 million and $18.3 million, respectively. Interest income earned on cash on deposit with Morgan Stanley and related party receivables for the year ended Novembernbsp;30, 2008 was $5.3 million. The Company did not earn interest from Morgan Stanley during the year ended Novembernbsp;30, 2009. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Interest expense incurred on payables to Morgan Stanley for both of the years ended Novembernbsp;30, 2009 and 2008 was $0.4 million./font/p /div

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS	12 Months Ended
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS	Nov. 30, 2010
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b9. PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Property, equipment and leasehold improvements at Novembernbsp;30, 2010 and 2009 consisted of the following: /font/p p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"nbsp;/p table border="0" cellspacing="0" cellpadding="0" width="100%" align="center" trtd width="82%" /td td valign="bottom" width="4%" /td td /td td /td td /td td valign="bottom" width="4%" /td td /td td /td td /td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"bAs of Novembernbsp;30,/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2010/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b2009/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr trtd valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom" colspan="6" align="center"font style="font-family: Times New Roman;" class="_mt" size="1"b(in thousands)/b/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Computernbsp;amp; related equipment/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"62,627/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"38,773/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Furniturenbsp;amp; fixtures/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"6,006/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"3,004/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Leasehold improvements/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"23,798/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"13,947/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Work-in-process/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"901/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"155/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 3em;"font style="font-family: Times New Roman;" class="_mt" size="2"Subtotal/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"93,332/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"55,879/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr trtd valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Accumulated depreciation and amortization/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(58,964/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"(26,498/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2")nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td td style="border-top: #000000 1px solid;" valign="bottom"nbsp;/td tdnbsp;/td/tr tr bgcolor="#cceeff"td valign="top" p style="text-indent: -1em; margin-left: 1em;"font style="font-family: Times New Roman;" class="_mt" size="2"Property, equipment and leasehold improvements, net/font/p/td td valign="bottom"font class="_mt" size="1"nbsp;nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"34,368/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td td valign="bottom"font class="_mt" size="1"nbsp;/font/td td valign="bottom"font style="font-family: Times New Roman;" class="_mt" size="2"$/font/td td valign="bottom" align="right"font style="font-family: Times New Roman;" class="_mt" size="2"29,381/font/td td valign="bottom" nowrap="nowrap"font style="font-family: Times New Roman;" class="_mt" size="2"nbsp;nbsp;/font/td/tr tr style="font-size: 1px;"td valign="bottom" /td td valign="bottom"nbsp;nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td td valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td td style="border-top: #000000 3px double;" valign="bottom"nbsp;/td tdnbsp;/td/tr/table p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Depreciation and amortization expense of property, equipment and leasehold improvements was $17.4 million, $12.0 million and $5.0 million for the years ended Novembernbsp;30, 2010, 2009 and 2008, respectively./font/p /div

EMPLOYEE BENEFITS	12 Months Ended
EMPLOYEE BENEFITS	Nov. 30, 2010
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b11. EMPLOYEE BENEFITS /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company sponsors a 401(k) plan for eligible U.S. employees and defined contribution and defined benefit pension plans that cover substantially all of its non-U.S. employees. For the years ended Novembernbsp;30, 2010, 2009 and 2008, costs relating to 401(k), pension and post-retirement benefit expenses were $8.8 million, $7.0 million and $5.9 million, respectively. Amounts included in cost of services were $5.2 million, $4.3 million and $3.4 million for the years ended Novembernbsp;30, 2010, 2009 and 2008, respectively. Amounts included in selling, general and administrative expense related to these pension and post-retirement expenses for the years ended Novembernbsp;30, 2010, 2009 and 2008 were $3.6 million, $2.7 million and $2.4 million, respectively. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"i401(k) and Other Defined Contribution Plans./i Eligible employees may participate in the MSCI 401(k) plan (or any other regional defined contribution plan sponsored by MSCI) immediately upon hire. Eligible employees receive 401(k) and other defined contribution plan matching contributions and, in the case of the MSCI 401(k) plan, an additional Company contribution of 3% of the employees' cash compensation, which is subject to vesting and certain other limitations. Legacy RiskMetrics employees participate in the legacy RiskMetrics 401(k) plan (or any other regional defined contribution plan sponsored) and receive 401(k) and other defined contribution plan matching contributions. The Company's expenses associated with the 401(k) plan and other defined contribution plans for the years ended Novembernbsp;30, 2010, 2009 and 2008 were $6.8 million, $5. 7 million and $3.3 million, respectively. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"iNet Periodic Benefit Expense/i. Net periodic benefit expense incurred by the Company related to defined benefit pension plans was $2.0 million, $1.3 million and $2.6 million for the years ended Novembernbsp;30, 2010, 2009 and 2008, respectively. /font/p p style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"The Company uses a measurement date of Novembernbsp;30 to calculate obligations under its pension and postretirement plans. As of Novembernbsp;30, 2010, the fair value of the defined benefit plan assets was $16.0 million and the Company carried a $4.8 million liability related to its future pension obligations./font/p /div

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Nov. 30, 2010
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	div p style="margin-top: 18px; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"b16. SUBSEQUENT EVENTS /b/font/p p style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"font style="font-family: Times New Roman;" class="_mt" size="2"Management of the Company evaluated subsequent events from Novembernbsp;30, 2010 through the filing date of this Form 10-K. /font/p p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"nbsp;/p /div