Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2016

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, 2015	734		$	22.35
Granted	—		—
Exercised	(260	)	18.27
Canceled	(57	)	29.44
Options outstanding, November 30, 2016	417		$	24.10	1.71	$	2,291
Exercisable, November 30, 2016	417		$	24.10	1.71	$	2,291
Vested or expected to vest, November 30, 2016	417		$	24.10	1.71	$	2,291


(1)	The aggregate intrinsic value was calculated based on the difference between the closing price of our stock on November 30, 2016 of $29.57 and the exercise prices for all in-the-money options outstanding.

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 Fair Value
Restricted stock units outstanding, December 1, 2015	1,743		$	24.42
Granted	1,257		26.39
Issued	(684	)	25.17
Canceled	(733	)	26.08
Restricted stock units outstanding, November 30, 2016	1,583		$	26.14

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 2016, 2015 and 2014 on the measurement dates using the Black-Scholes option valuation model, and LTIP awards using the Monte Carlo Simulation valuation model, with the following weighted average assumptions:



	Fiscal Year Ended
	November 30, 2016		November 30, 2015		November 30, 2014
Stock options:
Expected volatility	—	%	28.0	%	28.4	%
Risk-free interest rate	—	%	1.3	%	1.6	%
Expected life (in years)	—		4.8		4.8
Expected dividend yield	—		—		—
Employee stock purchase plan:
Expected volatility	25.3	%	21.1	%	25.1	%
Risk-free interest rate	0.62	%	0.5	%	0.3	%
Expected life (in years)	1.6		1.6		1.6
Expected dividend yield	—		—		—
Long-term incentive plan:
Expected volatility	27.1	%	32.1	%	32.5	%
Risk-free interest rate	1	%	0.9	%	0.7	%
Expected life (in years)	2.7		2.7		2.9
Expected dividend yield	—		—		—

Stock Options and Stock Awards Activity

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



	Fiscal Year Ended
	November 30, 2016		November 30, 2015		November 30, 2014
Total intrinsic value of stock options on date exercised	$	2,017	$	3,895	$	4,078
Total fair value of deferred stock units on date vested	—		93		130
Total fair value of restricted stock units on date vested	17,213		18,621		19,963

Classification of Stock-Based Compensation

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



	Fiscal Year Ended
	November 30, 2016		November 30, 2015		November 30, 2014
Cost of maintenance and services	$	899	$	617	$	612
Sales and marketing	4,093		4,805		4,642
Product development	9,965		5,433		5,289
General and administrative	7,584		13,149		14,330
Total stock-based compensation	$	22,541	$	24,004	$	24,873
Income tax benefit included in the provision for income taxes from continuing operations	$	5,208	$	5,225	$	6,318