Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

A summary of stock option activity under all the plans is as follows:



	Shares		Weighted Average		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value⁽¹⁾
	(in thousands)		Exercise Price		(in years)	(in thousands)
Options outstanding, December 1, 2013	1,989		$	20.43
Granted	8		21.80
Exercised ⁽²⁾	(736	)	18.81
Canceled	(46	)	26.61
Options outstanding, November 30, 2014	1,215		$	21.19	2.57	$	6,880
Exercisable, November 30, 2014	1,146		$	21.09	2.50	$	6,598
Vested or expected to vest, November 30, 2014	1,215		$	21.19	2.57	$	6,880


(1)	The aggregate intrinsic value was calculated based on the difference between the closing price of our stock on November 30, 2014 of $25.79 and the exercise prices for all in-the-money options outstanding.


(2)	Includes 46,000 options included in a stock-swap, which allowed optionees to pay the exercise price by surrendering shares already owned. The net shares of common stock resulting from option exercises is 690,000 as reflected in the statement of shareholders' equity.

Summary Of Status Of Restricted Stock Units

A summary of restricted stock units activity is as follows (in thousands, except per share data):



	Number of Shares		Weighted Average Grant Date Fair Value
Restricted stock units outstanding, December 1, 2013	1,117		$	22.67
Granted	1,484		22.28
Issued	(866	)	23.29
Canceled	(246	)	20.79
Restricted stock units outstanding, November 30, 2014	1,489		$	22.24

Fair Value Of Options And Employee Stock Purchase Plan Shares Granted, Weighted Average Assumptions

We estimated the fair value of stock options and ESPP awards granted in fiscal years 2014, 2013 and 2012 on the measurement dates using the Black-Scholes option valuation model with the following weighted average assumptions:



	Fiscal Year Ended
	November 30, 2014		November 30, 2013		November 30, 2012
Stock options:
Expected volatility	28.4	%	31.9	%	30.0	%
Risk-free interest rate	1.6	%	0.7	%	0.8	%
Expected life (in years)	4.8		4.8		4.8
Expected dividend yield	—		—		—
Employee stock purchase plan:
Expected volatility	25.1	%	31.8	%	34.1	%
Risk-free interest rate	0.3	%	0.2	%	0.2	%
Expected life (in years)	1.6		1.5		1.5
Expected dividend yield	—		—		—

Stock Options And Stock Awards Activity

The following additional activity occurred under our plans (in thousands):



	Fiscal Year Ended
	November 30, 2014		November 30, 2013		November 30, 2012
Total intrinsic value of stock options on date exercised	$	4,078	$	14,009	$	9,601
Total fair value of deferred stock units on date vested	130		127		114
Total fair value of restricted stock units on date vested	19,963		16,631		13,772

Classification of Stock-Based Compensation

The following table provides the classification of stock-based compensation as reflected in our consolidated statements of income (in thousands):



	Fiscal Year Ended
	November 30, 2014		November 30, 2013		November 30, 2012
Cost of software licenses	$	—	$	—	$	9
Cost of maintenance and services	612		601		725
Sales and marketing	4,642		3,599		3,274
Product development	5,289		4,723		3,170
General and administrative	14,330		10,186		10,983
Stock-based compensation from continuing operations	24,873		19,109		18,161
Loss from discontinued operations	—		2,290		10,072
Total stock-based compensation	$	24,873	$	21,399	$	28,233
Income tax benefit included in the provision for income taxes from continuing operations	$	6,318	$	5,146	$	4,491