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v3.21.1

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Feb. 28, 2021 | Feb. 29, 2020
Revenue: |  |
Total revenue | $ 121,280 | $ 109,683
Costs of revenue: |  |
Total costs of revenue | 17,991 | 14,886
Amortization of acquired intangibles | 3,521 | 1,646
Gross profit | 103,289 | 94,797
Operating expenses: |  |
Sales and marketing | 29,469 | 24,198
Product development | 24,548 | 21,654
General and administrative | 13,424 | 12,748
Amortization of acquired intangibles | 6,879 | 4,131
Restructuring expenses | 1,157 | 1,040
Acquisition-related expenses | 396 | 314
Total operating expenses | 75,873 | 64,085
Income from operations | 27,416 | 30,712
Other (expense) income: |  |
Interest expense | (2,514) | (2,792)
Interest income and other, net | 119 | 211
Foreign currency loss, net | (257) | (816)
Total other expense, net | (2,652) | (3,397)
Income before income taxes | 24,764 | 27,315
Provision for income taxes | 5,803 | 6,199
Net income | $ 18,961 | $ 21,116
Earnings per share: |  |
Basic (in dollars per share) | $ 0.43 | $ 0.47
Diluted (in dollars per share) | $ 0.42 | $ 0.46
Weighted average shares outstanding: |  |
Basic (in shares) | 44,108 | 44,897
Diluted (in shares) | 44,652 | 45,515
Cash dividends declared per common share (in dollars per share) | $ 0.175 | $ 0.165
Software licenses |  |
Revenue: |  |
Total revenue | $ 33,317 | $ 30,629
Cost of Goods and Services Sold | 1,151 | 1,389
Maintenance and services |  |
Revenue: |  |
Total revenue | 87,963 | 79,054
Cost of Goods and Services Sold | $ 13,319 | $ 11,851

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