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Nature of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Nov. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Allowances Against Accounts Receivable

A summary of activity in the allowance for doubtful accounts is as follows (in thousands):

			November 30, 2020						November 30, 2019						November 30, 2018
															As Adjusted(1)
Beginning balance			$	667					$	574					$	498
ASC 606 adjustment			—						—						88
Charge to costs and expenses			429						606						216
Write-offs and other			(169)						(457)						(232)
Translation adjustments			(41)						(56)						4
Ending balance			$	886					$	667					$	574
(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.

Schedule of Activity in Allowance for Sales Credit Memos

A summary of activity in the allowance for sales credit memos is as follows (in thousands):

			November 30, 2020						November 30, 2019						November 30, 2018
															As Adjusted(1)
Beginning balance			$	158					$	266					$	178
ASC 606 adjustment			—						—						41
Charge (credit) to revenue			265						(60)						46
Write-offs and other			—						(46)						—
Translation adjustments			6						(2)						1
Ending balance			$	429					$	158					$	266
(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.

Accumulated Other Comprehensive (Loss) Income

Accumulated other comprehensive loss by components, net of tax (in thousands):

			Foreign Currency Translation Adjustment						Unrealized (Losses) Gains on Investments						Unrealized Losses on Hedging Activity						Total
Balance, December 1, 2018			$	(27,973)					$	(203)					$	—					$	(28,176)
Other comprehensive (loss) income			(420)						173						(1,551)						(1,798)
Balance, December 1, 2019			$	(28,393)					$	(30)					$	(1,551)					$	(29,974)
Other comprehensive (loss) income			777						44						(3,625)						(2,804)
Balance, November 30, 2020			$	(27,616)					$	14					$	(5,176)					$	(32,778)

Schedule of Contract with Customer, Asset and Liability

As of November 30, 2020, invoicing of our long-term unbilled receivables is expected to occur as follows (in thousands):

2022			$	8,436
2023			2,055
2024			285
Total			$	10,776

As of November 30, 2020, the changes in deferred revenue were as follows (in thousands):

Balance, December 1, 2019			$	177,246
Billings and other			458,199
Revenue recognized			(442,150)
Balance, November 30, 2020			$	193,295

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Consolidated Balance Sheet

			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

			Fiscal Year Ended
			November 30, 2018
(In thousands, except per share data)			As Reported						Adjustments						As Adjusted
Revenue:
Software licenses			$	122,137					$	(22,337)					$	99,800
Maintenance and services			275,028						4,153						279,181
Total revenue			397,165						(18,184)						378,981
Costs of revenue			66,973						—						66,973
Gross Profit			330,192						(18,184)						312,008
Operating expenses			244,194						—						244,194
Income from operations			85,998						(18,184)						67,814
Other expense, net			(7,018)						—						(7,018)
Income before income taxes			78,980						(18,184)						60,796
Provision for income taxes			15,489						(4,363)						11,126
Net income			$	63,491					$	(13,821)					$	49,670
Earnings (loss) per share:
Basic			$	1.39					$	(0.30)					$	1.09
Diluted			$	1.38					$	(0.30)					$	1.08
Weighted average shares outstanding:
Basic			45,561						—						45,561
Diluted			46,135						—						46,135

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