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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Aug. 31, 2019
Aug. 31, 2018
 [1]
Cash flows from operating activities:    
Net income $ 31,140 $ 41,026 [2]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 5,523 5,158
Amortization of intangibles and other 34,637 28,489
Stock-based compensation 17,411 14,716
Loss on disposal of property and equipment 157 201
Deferred income taxes (6,005) (2,406)
Allowances for bad debt and sales credits 153 140
Changes in operating assets and liabilities:    
Accounts receivable (8,604) 19,196
Other assets 6,034 4,465
Accounts payable and accrued liabilities (3,875) (20,290)
Income taxes payable 1,654 1,575
Deferred revenue 13,658 4,755
Net cash flows from operating activities 91,883 97,025
Cash flows (used in) from investing activities:    
Purchases of investments (8,900) (8,258)
Sales and maturities of investments 21,780 18,495
Purchases of property and equipment (1,830) (5,968)
Payments for acquisitions, net of cash acquired (225,298) 0
Proceeds from sale of property, plant and equipment, net 6,146 0
Net cash flows (used in) from investing activities (208,102) 4,269
Cash flows from (used in) financing activities:    
Proceeds from stock-based compensation plans 6,347 7,943
Payments for taxes related to net share settlements of equity awards (1,637) (1,942)
Repurchases of common stock (25,000) (110,000)
Dividend payments to shareholders (20,819) (19,472)
Proceeds from the issuance of debt 184,984 0
Payment of principle on long-term debt (3,427) (4,641)
Payment of issuance costs for long-term debt (1,611) 0
Net cash flows from (used in) financing activities 138,837 (128,112)
Effect of exchange rate changes on cash (3,724) (7,949)
Net increase (decrease) in cash and cash equivalents 18,894 (34,767)
Cash and cash equivalents, beginning of period 105,126 133,464
Cash and cash equivalents, end of period 124,020 98,697
Supplemental disclosure:    
Cash paid for income taxes, net of refunds of $1,293 in 2019 and $889 in 2018 4,821 7,515
Cash paid for interest 5,972 3,096
Non-cash investing and financing activities:    
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested 8,190 9,546
Dividends declared $ 7,003 $ 6,324
[1] The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Basis of Presentation for further information.
[2] The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Basis of Presentation for further information.