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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2021
May 31, 2020
May 31, 2021
May 31, 2020
Revenue:        
Total revenue $ 122,488 $ 100,383 $ 243,768 $ 210,066
Costs of revenue:        
Amortization of acquired intangibles 3,599 1,664 7,120 3,310
Total costs of revenue 19,310 14,259 37,301 29,145
Gross profit 103,178 86,124 206,467 180,921
Operating expenses:        
Sales and marketing 29,262 21,716 58,731 45,914
Product development 26,415 21,787 50,963 43,441
General and administrative 16,460 12,440 29,884 25,188
Amortization of acquired intangibles 7,979 4,177 14,858 8,308
Restructuring expenses (64) 695 1,093 1,735
Acquisition-related expenses 844 0 1,240 314
Total operating expenses 80,896 60,815 156,769 124,900
Income from operations 22,282 25,309 49,698 56,021
Other (expense) income:        
Interest expense (4,601) (2,598) (7,115) (5,390)
Interest income and other, net 4 122 123 333
Foreign currency loss, net (621) (371) (878) (1,187)
Total other expense, net (5,218) (2,847) (7,870) (6,244)
Income before income taxes 17,064 22,462 41,828 49,777
Provision for income taxes 3,507 5,494 9,310 11,693
Net income $ 13,557 $ 16,968 $ 32,518 $ 38,084
Earnings per share:        
Basic (in dollars per share) $ 0.31 $ 0.38 $ 0.74 $ 0.85
Diluted (in dollars per share) $ 0.30 $ 0.37 $ 0.73 $ 0.84
Weighted average shares outstanding:        
Basic (in shares) 43,818 44,889 43,963 44,893
Diluted (in shares) 44,472 45,267 44,562 45,391
Cash dividends declared per common share (in dollars per share) $ 0.175 $ 0.165 $ 0.350 $ 0.330
Software licenses        
Revenue:        
Total revenue $ 30,107 $ 19,663 $ 63,424 $ 50,292
Costs of revenue:        
Cost of revenue 1,038 810 2,189 2,199
Maintenance and services        
Revenue:        
Total revenue 92,381 80,720 180,344 159,774
Costs of revenue:        
Cost of revenue $ 14,673 $ 11,785 $ 27,992 $ 23,636