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Basis of Presentation (Tables) | 3 Months Ended
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Feb. 28, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Long Term Unbilled Receivables | As of February 28, 2019, invoicing of our long-term unbilled receivables is expected to occur as follows (in thousands):
2020 | $ | 1,048 |
2021 | 1,089 |
2022 | 444 |
Total | $ | 2,581 |
As of February 28, 2019, the changes in deferred revenue were as follows (in thousands):
Balance, December 1, 2018 As Adjusted(1) | $ | 135,940 |
Billings and other | 95,792 |
Revenue recognized | (89,549 | )
Balance, February 28, 2019 | $ | 142,183 |
(1)The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The impact of the adoption of this standard on our previously reported consolidated balance sheets and consolidated statements of operations is as follows: Consolidated Balance Sheets
| November 30, 2018
(in thousands) | As Reported |  | Adjustments |  | As Adjusted
Assets |  |  |  |  |
Accounts receivable, net | $ | 58,450 |  |  | $ | 1,265 |  |  | $ | 59,715 |
Short-term unbilled receivables | — |  |  | 1,421 |  |  | 1,421 |
Long-term unbilled receivables | — |  |  | 1,811 |  |  | 1,811 |
Deferred tax assets | 1,922 |  |  | (956 | ) |  | 966 |
Other assets(1) | 580,237 |  |  | — |  |  | 580,237 |
Total assets | $ | 640,609 |  |  | $ | 3,541 |  |  | $ | 644,150 |
Liabilities and shareholders’ equity |  |  |  |  |
Short-term deferred revenue | 133,194 |  |  | (9,984 | ) |  | 123,210 |
Long-term deferred revenue | 15,127 |  |  | (2,397 | ) |  | 12,730 |
Deferred tax liabilities | 3,797 |  |  | 2,002 |  |  | 5,799 |
Other liabilities(2) | 178,409 |  |  | — |  |  | 178,409 |
Retained earnings | 71,242 |  |  | 13,883 |  |  | 85,125 |
Accumulated other comprehensive loss | (28,213 | ) |  | 37 |  |  | (28,176 | )
Other equity(3) | 267,053 |  |  | — |  |  | 267,053 |
Total liabilities and shareholders’ equity | $ | 640,609 |  |  | $ | 3,541 |  |  | $ | 644,150 |
(1)Includes cash and cash equivalents, short-term investments, other current assets, assets held for sale, property and equipment, net, intangible assets, net, goodwill, and other assets.
(2)Includes current portion of long-term debt, net, accounts payable, accrued compensation and related taxes, dividends payable, income taxes payable, other accrued liabilities, long-term debt, net, and other noncurrent liabilities.
(3)Includes common stock and additional paid-in capital.
Consolidated Statements of Income
| February 28, 2018
(in thousands) | As Reported |  | Adjustments |  | As Adjusted
Revenue: |  |  |  |  |
Software licenses | $ | 25,343 |  |  | $ | 711 |  |  | $ | 26,054 |
Maintenance and services | 68,704 |  |  | 652 |  |  | 69,356 |
Total revenue | 94,047 |  |  | 1,363 |  |  | 95,410 |
Costs of revenue | 16,903 |  |  | — |  |  | 16,903 |
Gross Profit | 77,144 |  |  | 1,363 |  |  | 78,507 |
Operating expenses | 59,376 |  |  | — |  |  | 59,376 |
Income from operations | 17,768 |  |  | 1,363 |  |  | 19,131 |
Other expense, net | (1,585 | ) |  | — |  |  | (1,585 | )
Income before income taxes | 16,183 |  |  | 1,363 |  |  | 17,546 |
Provision for income taxes | 3,271 |  |  | 543 |  |  | 3,814 |
Net income | $ | 12,912 |  |  | $ | 820 |  |  | $ | 13,732 |
Earnings per share: |  |  |  |  |  |
Basic | $ | 0.28 |  |  | $ | 0.02 |  |  | $ | 0.30 |
Diluted | $ | 0.27 |  |  | $ | 0.02 |  |  | $ | 0.29 |
Weighted average shares outstanding: |  |  |  |  |  |
Basic | 46,529 |  |  | — |  |  | 46,529 |
Diluted | 47,476 |  |  | — |  |  | 47,476 |

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