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Income Taxes (Tables) | 12 Months Ended
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Nov. 30, 2019
Income Tax Disclosure [Abstract] |
Components of Pretax Income | The components of income before income taxes are as follows (in thousands):
| Fiscal Year Ended
| November 30, 2019 |  | November 30, 2018 |  | November 30, 2017
|  |  | As Adjusted(1) |  | As Adjusted(1)
U.S. | $ | (11,778 | ) |  | $ | 59,440 |  |  | $ | 65,191 |
Foreign | 40,273 |  |  | 1,356 |  |  | (12,728 | )
Total | $ | 28,495 |  |  | $ | 60,796 |  |  | $ | 52,463 |
(1)The Company adopted the accounting standard related to revenue recognition ("ASC 606") effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Summary of Significant Accounting Policies for further information.
Provisions for Income Taxes | The provision for income taxes is comprised of the following (in thousands):
| Fiscal Year Ended
| November 30, 2019 |  | November 30, 2018 |  | November 30, 2017
Current: |  |  |  |  |
Federal | $ | 9,294 |  |  | $ | 8,979 |  |  | $ | 23,739 |
State | 1,862 |  |  | 1,387 |  |  | 2,461 |
Foreign | 5,808 |  |  | 3,088 |  |  | 1,496 |
Total current | 16,964 |  |  | 13,454 |  |  | 27,696 |
Deferred, as adjusted(1): |  |  |  |  |
Federal | (12,191 | ) |  | (863 | ) |  | (2,740 | )
State | (2,399 | ) |  | (51 | ) |  | (292 | )
Foreign | (279 | ) |  | (1,414 | ) |  | (1,222 | )
Total deferred | (14,869 | ) |  | (2,328 | ) |  | (4,254 | )
Total | $ | 2,095 |  |  | $ | 11,126 |  |  | $ | 23,442 |
(1)The Company adopted the accounting standard related to revenue recognition ("ASC 606") effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Summary of Significant Accounting Policies for further information.
Reconciliation of U.S. Federal Statutory Rate To Effective Tax Rate | A reconciliation of the income taxes incurred at the U.S. Federal statutory rate compared to the effective tax rate is as follows (in thousands):
| Fiscal Year Ended
| November 30, 2019 |  | November 30, 2018 |  | November 30, 2017
|  |  | As Adjusted(1) |  | As Adjusted(1)
Tax at U.S. Federal statutory rate | $ | 5,984 |  |  | $ | 13,513 |  |  | $ | 18,362 |
Foreign rate differences | (2,619 | ) |  | 1,281 |  |  | 4,793 |
Effects of foreign operations included in U.S. Federal provision | 451 |  |  | 550 |  |  | (186 | )
State income taxes, net | (918 | ) |  | 1,180 |  |  | 1,349 |
Research credits | (1,086 | ) |  | (302 | ) |  | (251 | )
Domestic production activities deduction | (248 | ) |  | (1,283 | ) |  | (2,670 | )
Tax-exempt interest | (27 | ) |  | (66 | ) |  | (101 | )
Nondeductible stock-based compensation | 1,043 |  |  | 502 |  |  | 808 |
Meals and entertainment | 198 |  |  | 192 |  |  | 276 |
Compensation subject to 162(m) | 422 |  |  | 227 |  |  | 208 |
Uncertain tax positions and tax settlements | (720 | ) |  | (1,626 | ) |  | 429 |
Remeasurement of net deferred tax liabilities due to the Act | — |  |  | (1,660 | ) |  | — |
Net excess tax benefit or detriment from stock-based compensation plans | (103 | ) |  | (861 | ) |  | — |
Global intangible low tax inclusion | 2,100 |  |  | — |  |  | — |
Foreign derived intangible deduction | (2,300 | ) |  | — |  |  | — |
Other | (82 | ) |  | (521 | ) |  | 425 |
Total | $ | 2,095 |  |  | $ | 11,126 |  |  | $ | 23,442 |
(1)The Company adopted the accounting standard related to revenue recognition ("ASC 606") effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Summary of Significant Accounting Policies for further information.
Summary of Deferred Taxes | The components of deferred tax assets and liabilities are as follows (in thousands):
| November 30, 2019 |  | November 30, 2018
|  |  | As Adjusted(1)
Deferred tax assets: |  |  |
Accounts receivable | $ | 174 |  |  | $ | 134 |
Accrued compensation | 3,283 |  |  | 1,863 |
Accrued liabilities and other | 2,690 |  |  | 2,106 |
Deferred revenue | 3,995 |  |  | — |
Stock-based compensation | 4,342 |  |  | 3,166 |
Depreciation and amortization | 15,341 |  |  | — |
Tax credit and loss carryforwards | 21,867 |  |  | 24,338 |
Gross deferred tax assets | 51,692 |  |  | 31,607 |
Valuation allowance | (8,864 | ) |  | (8,790 | )
Total deferred tax assets | 42,828 |  |  | 22,817 |
Deferred tax liabilities: |  |  |
Goodwill | (18,879 | ) |  | (17,966 | )
Deferred revenue | (4,541 | ) |  | (1,610 | )
Depreciation and amortization | — |  |  | (7,151 | )
Prepaid expenses | (810 | ) |  | (923 | )
Total deferred tax liabilities | (24,230 | ) |  | (27,650 | )
Total | $ | 18,598 |  |  | $ | (4,833 | )
(1)The Company adopted the accounting standard related to revenue recognition ("ASC 606") effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Summary of Significant Accounting Policies for further information.
Reconciliation of Unrecognized Tax Benefits | A reconciliation of the balance of our unrecognized tax benefits is as follows (in thousands):
| Fiscal Year Ended
| November 30, 2019 |  | November 30, 2018 |  | November 30, 2017
Balance, beginning of year | $ | 5,787 |  |  | $ | 7,520 |  |  | $ | 7,046 |
Tax positions related to current year | — |  |  | — |  |  | 785 |
Tax positions related to a prior period | 110 |  |  | (15 | ) |  | (120 | )
Settlements with tax authorities | (181 | ) |  | (39 | ) |  | (155 | )
Lapses due to expiration of the statute of limitations | (723 | ) |  | (1,679 | ) |  | (36 | )
Balance, end of year | $ | 4,993 |  |  | $ | 5,787 |  |  | $ | 7,520 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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