XML 54 R32.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt (Tables) | 6 Months Ended
--- | ---
May 31, 2021
Line of Credit Facility [Abstract] |
Schedule of Maturities of Long-term Debt | As of May 31, 2021, future maturities of the Company's long-term debt were as follows:
(In thousands) | 2026 Notes |  | Credit Facility Maturing in 2024 |  | Total
Remainder of 2021 | $ | — |  |  | $ | 11,288 |  |  | $ | 11,288 |
2022 | — |  |  | 26,338 |  |  | 26,338 |
2023 | — |  |  | 33,863 |  |  | 33,863 |
2024 | — |  |  | 206,937 |  |  | 206,937 |
2025 | — |  |  | — |  |  | — |
2026 | 360,000 |  |  | — |  |  | 360,000 |
Total face value of long-term debt | 360,000 |  |  | 278,426 |  |  | 638,426 |
Unamortized discount and issuance costs | (71,977) |  |  | (1,664) |  |  | (73,641) |
Less current portion of long-term debt, net | — |  |  | (22,005) |  |  | (22,005) |
Long-term debt | $ | 288,023 |  |  | $ | 254,757 |  |  | $ | 542,780 |
Schedule of Proceeds From Notes | Proceeds from the Notes:
(In thousands) |
Principal | $ | 360,000 |
Less: issuance costs | (10,804) |
| $ | 349,196 |
Schedule of Net Carrying Amount of liability Component | Net carrying amount of the liability component:
(In thousands) | May 31, 2021
Principal | $ | 360,000 |
Conversion option allocated to equity | (64,800) |
Unamortized discount | (7,177) |
| $ | 288,023 |
Schedule of Net Carrying Amount of Equity Component | Net carrying amount of the equity component, included in additional paid-in capital:
(In thousands) | May 31, 2021
Conversion options(1) | $ | 62,855 |
Capped call | (43,056) |
| $ | 19,799 |
(1) Net of issuance costs
Schedule of Interest Expense Related to Notes | Interest expense related to the Notes:
| Three and Six Months Ended
(In thousands) | May 31, 2021 |  | May 31, 2020
Contractual interest expense (1% coupon) | $ | 470 |  |  | $ | — |
Amortization of debt discount(1) | 1,480 |  |  | — |
Amortization of issuance costs(1) | 202 |  |  | — |
| $ | 2,152 |  |  | $ | — |
(1) Amortized based upon an effective interest rate of 5.7%.

X
- Definition Schedule Of Interest Expense Related To Notes + References No definition available. + Details
Name: | prgs_ScheduleOfInterestExpenseRelatedToNotesTableTextBlock
Namespace Prefix: | prgs_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Net Carrying Amount Of Equity Component + References No definition available. + Details
Name: | prgs_ScheduleOfNetCarryingAmountOfEquityComponentTableTextBlock
Namespace Prefix: | prgs_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Net Carrying Amount Of liability Component + References No definition available. + Details
Name: | prgs_ScheduleOfNetCarryingAmountOfLiabilityComponentTableTextBlock
Namespace Prefix: | prgs_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Proceeds From Notes + References No definition available. + Details
Name: | prgs_ScheduleOfProceedsFromNotesTableTextBlock
Namespace Prefix: | prgs_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration