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Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2018

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

Summary of Stock Option Activity

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, 2017	1,002			$	28.29
Granted	482			49.56
Exercised	(189	)		23.40
Canceled	(188	)		34.38
Options outstanding, November 30, 2018	1,107			$	37.82			5.61		$	3,610
Exercisable, November 30, 2018	269			$	33.80			5.33		$	1,206
Vested or expected to vest, November 30, 2018	1,107			$	37.82			5.61		$	3,610

(1) The aggregate intrinsic value was calculated based on the difference between the closing price of our stock on November 30, 2018 of $35.16 and the exercise prices for all 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, 2017	1,136			$	28.15
Granted	362			49.06
Issued	(393	)		30.00
Canceled	(193	)		28.61
Restricted stock units outstanding, November 30, 2018	912			$	35.46

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 2018, 2017 and 2016 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, 2018			November 30, 2017			November 30, 2016
Stock options:
Expected volatility	22.8	%		25.0	%		—	%
Risk-free interest rate	2.3	%		1.9	%		—	%
Expected life (in years)	4.8			4.8			0
Expected dividend yield	1.1	%		1.7	%		—	%
Employee stock purchase plan:
Expected volatility	23.8	%		22.9	%		25.3	%
Risk-free interest rate	2.3	%		1.2	%		0.6	%
Expected life (in years)	1.7			1.5			1.6
Expected dividend yield	1.5	%		1.6	%		—	%
Long-term incentive plan:
Expected volatility	27.4	%		27.5	%		27.1	%
Risk-free interest rate	2.1	%		1.4	%		1.0	%
Expected life (in years)	2.9			2.7			2.7
Expected dividend yield	1.7	%		1.8	%		—	%

Stock Options and Stock Awards Activity

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

	Fiscal Year Ended
	November 30, 2018				November 30, 2017				November 30, 2016
Total intrinsic value of stock options on date exercised	$	3,692			$	1,622			$	2,017
Total fair value of deferred stock units on date vested	1,690				57				—
Total fair value of restricted stock units on date vested	14,741				20,032				17,213

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, 2018				November 30, 2017				November 30, 2016
Cost of maintenance and services	$	616			$	1,016			$	899
Sales and marketing	2,959				2,214				4,093
Product development	8,242				4,576				9,965
General and administrative	8,752				6,347				7,584
Total stock-based compensation	$	20,569			$	14,153			$	22,541
Income tax benefit included in the provision for income taxes from continuing operations	$	4,345			$	4,057			$	5,208

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