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Debt (Tables) | 9 Months Ended
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Aug. 31, 2021
Line of Credit Facility [Abstract] |
Schedule of Maturities of Long-term Debt | As of August 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 | $ | — |  |  | $ | 5,644 |  |  | $ | 5,644 |
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 |  |  | 272,782 |  |  | 632,782 |
Unamortized discount and issuance costs | (68,717) |  |  | (1,521) |  |  | (70,238) |
Less current portion of long-term debt, net | — |  |  | (23,886) |  |  | (23,886) |
Long-term debt | $ | 291,283 |  |  | $ | 247,375 |  |  | $ | 538,658 |
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) | August 31, 2021
Principal | $ | 360,000 |
Conversion option allocated to equity | (64,800) |
Unamortized discount | (3,917) |
| $ | 291,283 |
Schedule of Net Carrying Amount of Equity Component | Net carrying amount of the equity component, included in additional paid-in capital:
(In thousands) | August 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 Months Ended
(In thousands) | August 31, 2021 |  | August 31, 2020
Contractual interest expense (1% coupon) | $ | 900 |  |  | $ | — |
Amortization of debt discount(1) | 2,868 |  |  | — |
Amortization of issuance costs(1) | 392 |  |  | — |
| $ | 4,160 |  |  | $ | — |
(1) Amortized based upon an effective interest rate of 5.7%.
| Nine Months Ended
(In thousands) | August 31, 2021 |  | August 31, 2020
Contractual interest expense (1% coupon) | $ | 1,370 |  |  | $ | — |
Amortization of debt discount(1) | 4,348 |  |  | — |
Amortization of issuance costs(1) | 594 |  |  | — |
| $ | 6,312 |  |  | $ | — |
(1) Amortized based upon an effective interest rate of 5.7%.

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