Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2017

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, 2016	417		$	24.10
Granted	937		29.70
Exercised	(203	)	25.90
Canceled	(149	)	29.31
Options outstanding, November 30, 2017	1,002		$	28.29	4.89	$	13,077
Exercisable, November 30, 2017	269		$	24.09	2.64	$	4,639
Vested or expected to vest, November 30, 2017	875		$	28.06	4.77	$	11,620


(1)	The aggregate intrinsic value was calculated based on the difference between the closing price of our stock on November 30, 2017 of $41.34 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, 2016	1,583		$	26.14
Granted	833		29.54
Issued	(638	)	31.40
Canceled	(642	)	25.58
Restricted stock units outstanding, November 30, 2017	1,136		$	28.15

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 2017, 2016 and 2015 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, 2017		November 30, 2016		November 30, 2015
Stock options:
Expected volatility	25.0	%	—	%	28.0	%
Risk-free interest rate	1.9	%	—	%	1.3	%
Expected life (in years)	4.8		0		4.8
Expected dividend yield	1.7	%	—		—
Employee stock purchase plan:
Expected volatility	22.9	%	25.3	%	21.1	%
Risk-free interest rate	1.2	%	0.6	%	0.5	%
Expected life (in years)	1.5		1.6		1.6
Expected dividend yield	1.6	%	—		—
Long-term incentive plan:
Expected volatility	27.5	%	27.1	%	32.1	%
Risk-free interest rate	1.4	%	1	%	0.9	%
Expected life (in years)	2.7		2.7		2.7
Expected dividend yield	1.8	%	—		—

Stock Options and Stock Awards Activity

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



	Fiscal Year Ended
	November 30, 2017		November 30, 2016		November 30, 2015
Total intrinsic value of stock options on date exercised	$	1,622	$	2,017	$	3,895
Total fair value of deferred stock units on date vested	57		—		93
Total fair value of restricted stock units on date vested	20,032		17,213		18,621

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, 2017		November 30, 2016		November 30, 2015
Cost of maintenance and services	$	1,016	$	899	$	617
Sales and marketing	2,214		4,093		4,805
Product development	4,576		9,965		5,433
General and administrative	6,347		7,584		13,149
Total stock-based compensation	$	14,153	$	22,541	$	24,004
Income tax benefit included in the provision for income taxes from continuing operations	$	4,057	$	5,208	$	5,225