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Cash, Cash Equivalents and Investments (Tables) | 6 Months Ended
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May 31, 2014
Investments and Cash [Abstract] |
Summary of Cash, Cash Equivalents and Trading and Available-for-sale Investments | A summary of our cash, cash equivalents and available-for-sale investments at May 31, 2014 is as follows (in thousands):
| Amortized Cost Basis |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Cash | $ | 127,279 |  |  | $ | — |  |  | $ | — |  |  | $ | 127,279 |
Money market funds | 74,692 |  |  | — |  |  | — |  |  | 74,692 |
State and municipal bond obligations | 24,470 |  |  | 135 |  |  | — |  |  | 24,605 |
Auction rate securities – municipal bonds | 25,250 |  |  | — |  |  | (3,063 | ) |  | 22,187 |
Auction rate securities – student loans | 3,500 |  |  | — |  |  | (631 | ) |  | 2,869 |
Total | $ | 255,191 |  |  | $ | 135 |  |  | $ | (3,694 | ) |  | $ | 251,632 |
A summary of our cash, cash equivalents and available-for-sale investments at November 30, 2013 is as follows (in thousands):
| Amortized Cost Basis |  | Realized Losses |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Cash | $ | 144,305 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 144,305 |
Money market funds | 54,513 |  |  | — |  |  | — |  |  | — |  |  | 54,513 |
State and municipal bond obligations | 30,938 |  |  | — |  |  | 164 |  |  | — |  |  | 31,102 |
Auction rate securities – municipal bonds | 27,150 |  |  | (380 | ) |  | — |  |  | (3,317 | ) |  | 23,453 |
Auction rate securities – student loans | 3,500 |  |  | — |  |  | — |  |  | (672 | ) |  | 2,828 |
Total | $ | 260,406 |  |  | $ | (380 | ) |  | $ | 164 |  |  | $ | (3,989 | ) |  | $ | 256,201 |
Summary of Cash, Cash Equivalents and Trading and Available-for-sale Investments by Balance Sheet Classification | Such amounts are classified on our condensed consolidated balance sheets as follows (in thousands):
| May 31, 2014 |  | November 30, 2013
| Cash and Equivalents |  | Short-Term Investments |  | Long-Term Investments |  | Cash and Equivalents |  | Short-Term Investments |  | Long-Term Investments
Cash | $ | 127,279 |  |  | $ | — |  |  | $ | — |  |  | $ | 144,305 |  |  | $ | — |  |  | $ | — |
Money market funds | 74,692 |  |  | — |  |  | — |  |  | 54,513 |  |  | — |  |  | — |
State and municipal bond obligations | — |  |  | 24,605 |  |  | — |  |  | — |  |  | 31,102 |  |  | — |
Auction rate securities – municipal bonds | — |  |  | — |  |  | 22,187 |  |  | — |  |  | 1,520 |  |  | 21,933 |
Auction rate securities – student loans | — |  |  | — |  |  | 2,869 |  |  | — |  |  | — |  |  | 2,828 |
Total | $ | 201,971 |  |  | $ | 24,605 |  |  | $ | 25,056 |  |  | $ | 198,818 |  |  | $ | 32,622 |  |  | $ | 24,761 |
Fair Value of Debt Securities by Contractual Maturity | The fair value of debt securities by contractual maturity is as follows (in thousands):
| May 31, 2014 |  | November 30, 2013
Due in one year or less (1) | $ | 39,943 |  |  | $ | 42,198 |
Due after one year (2) | 9,718 |  |  | 15,185 |
Total | $ | 49,661 |  |  | $ | 57,383 |
(1) | Includes ARS which are tendered for interest-rate setting purposes periodically throughout the year. Beginning in February 2008, auctions for these securities began to fail, and therefore these investments currently lack short-term liquidity. The remaining contractual maturities of these securities range from 10 to 29 years.
(2) | Includes state and municipal bond obligations, which are securities representing investments available for current operations and are classified as current in the consolidated balance sheets.
Investments with Continuous Unrealized Losses and Their Related Fair Values | Investments with continuous unrealized losses and their related fair values are as follows at May 31, 2014 (in thousands):
| Less Than 12 Months |  | 12 Months or Greater |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Auction rate securities – municipal bonds | $ | — |  |  | $ | — |  |  | $ | 22,187 |  |  | $ | (3,063 | ) |  | $ | 22,187 |  |  | $ | (3,063 | )
Auction rate securities – student loans | — |  |  | — |  |  | 2,869 |  |  | (631 | ) |  | 2,869 |  |  | (631 | )
Total | $ | — |  |  | $ | — |  |  | $ | 25,056 |  |  | $ | (3,694 | ) |  | $ | 25,056 |  |  | $ | (3,694 | )
Investments with continuous unrealized losses and their related fair values are as follows at November 30, 2013 (in thousands):
| Less Than 12 Months |  | 12 Months or Greater |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Auction rate securities – municipal bonds | $ | — |  |  | $ | — |  |  | $ | 21,933 |  |  | $ | (3,317 | ) |  | $ | 21,933 |  |  | $ | (3,317 | )
Auction rate securities – student loans | — |  |  | — |  |  | 2,828 |  |  | (672 | ) |  | 2,828 |  |  | (672 | )
Total | $ | — |  |  | $ | — |  |  | $ | 24,761 |  |  | $ | (3,989 | ) |  | $ | 24,761 |  |  | $ | (3,989 | )

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