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 NotesCredit Facility Maturing in 2024Total
Remainder of 2021$— $11,288 $11,288 
2022— 26,338 26,338 
2023— 33,863 33,863 
2024— 206,937 206,937 
2025— — — 
2026360,000 — 360,000 
Total face value of long-term debt360,000 278,426 638,426 
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, 2021May 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%.