XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2021
Aug. 31, 2020
Revenue:        
Total revenue $ 147,417 $ 109,699 $ 391,185 $ 319,765
Costs of revenue:        
Amortization of acquired intangibles 3,599 1,664 10,719 4,974
Total costs of revenue 20,068 14,738 57,369 43,883
Gross profit 127,349 94,961 333,816 275,882
Operating expenses:        
Sales and marketing 29,737 22,186 88,468 68,100
Product development 25,616 20,676 76,579 64,117
General and administrative 16,451 13,514 46,335 38,702
Amortization of acquired intangibles 7,978 4,176 22,836 12,484
Restructuring expenses 40 91 1,133 1,826
Acquisition-related expenses 1,481 1,125 2,721 1,439
Total operating expenses 81,303 61,768 238,072 186,668
Income from operations 46,046 33,193 95,744 89,214
Other (expense) income:        
Interest expense (6,510) (2,302) (13,625) (7,692)
Interest income and other, net 99 110 222 443
Foreign currency loss, net (128) (770) (1,006) (1,957)
Total other expense, net (6,539) (2,962) (14,409) (9,206)
Income before income taxes 39,507 30,231 81,335 80,008
Provision for income taxes 8,531 6,254 17,841 17,947
Net income $ 30,976 $ 23,977 $ 63,494 $ 62,061
Earnings per share:        
Basic (in dollars per share) $ 0.71 $ 0.53 $ 1.45 $ 1.38
Diluted (in dollars per share) $ 0.70 $ 0.53 $ 1.43 $ 1.37
Weighted average shares outstanding:        
Basic (in shares) 43,762 45,036 43,896 44,941
Diluted (in shares) 44,502 45,364 44,542 45,382
Cash dividends declared per common share (in dollars per share) $ 0.175 $ 0.165 $ 0.525 $ 0.495
Software licenses        
Revenue:        
Total revenue $ 51,930 $ 27,514 $ 115,354 $ 77,806
Costs of revenue:        
Cost of revenue 1,574 1,103 3,763 3,302
Maintenance and services        
Revenue:        
Total revenue 95,487 82,185 275,831 241,959
Costs of revenue:        
Cost of revenue $ 14,895 $ 11,971 $ 42,887 $ 35,607