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v3.20.1

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Feb. 29, 2020 | Feb. 28, 2019
Revenue: |  |
Total revenue | $ 109,683 | $ 89,549
Costs of revenue: |  |
Total costs of revenue | 14,886 | 16,039
Gross profit | 94,797 | 73,510
Operating expenses: |  |
Sales and marketing | 24,198 | 22,323
Product development | 21,654 | 19,890
General and administrative | 12,748 | 12,285
Amortization of acquired intangibles | 4,131 | 3,188
Restructuring expenses | 1,040 | 415
Acquisition-related expenses | 314 | 0
Total operating expenses | 64,085 | 58,101
Income from operations | 30,712 | 15,409
Other (expense) income: |  |
Interest expense | (2,792) | (1,389)
Interest income and other, net | 211 | 229
Foreign currency loss, net | (816) | (843)
Total other expense, net | (3,397) | (2,003)
Income before income taxes | 27,315 | 13,406
Provision for income taxes | 6,199 | 4,004
Net income | 21,116 | 9,402
Net income | $ 21,116 | $ 9,402
Earnings per share: |  |
Basic (in dollars per share) | $ 0.47 | $ 0.21
Diluted (in dollars per share) | $ 0.46 | $ 0.21
Weighted average shares outstanding: |  |
Basic (in shares) | 44,897 | 44,956
Diluted (in shares) | 45,515 | 45,286
Cash dividends declared per common share (in dollars per share) | $ 0.165 | $ 0.155
Software licenses |  |
Revenue: |  |
Total revenue | $ 30,629 | $ 22,802
Costs of revenue: |  |
Total costs of revenue | 1,389 | 1,167
Maintenance and services |  |
Revenue: |  |
Total revenue | 79,054 | 66,747
Costs of revenue: |  |
Total costs of revenue | 11,851 | 9,439
Amortization of acquired intangibles |  |
Costs of revenue: |  |
Total costs of revenue | $ 1,646 | $ 5,433

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