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Business Combinations (Tables) | 9 Months Ended
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Aug. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The allocation of the purchase price is as follows (in thousands):
| Initial Purchase Price Allocation |  | Measurement Period Adjustments |  | Adjusted Purchase Price Allocation |  | Life
Net working capital | $ | 27,075 |  |  | $ | (772) |  |  | $ | 26,303 |  |  |
Property, plant and equipment | 803 |  |  | (8) |  |  | 795 |  |  |
Purchased technology | 39,400 |  |  | — |  |  | 39,400 |  |  | 5 years
Trade name | 7,200 |  |  | — |  |  | 7,200 |  |  | 5 years
Customer relationships | 75,500 |  |  | — |  |  | 75,500 |  |  | 5 years
Other assets | 170 |  |  | 27 |  |  | 197 |  |  |
Other noncurrent liabilities | (604) |  |  | (1,133) |  |  | (1,737) |  |  |
Deferred taxes | (23,187) |  |  | — |  |  | (23,187) |  |  |
Deferred revenue | (29,997) |  |  | — |  |  | (29,997) |  |  |
Goodwill | 179,521 |  |  | 1,752 |  |  | 181,273 |  |  |
Net assets acquired | $ | 275,881 |  |  | $ | (134) |  |  | $ | 275,747 |  |  |
The allocation of the purchase price is as follows (in thousands):
| Initial Purchase Price Allocation |  | Measurement Period Adjustments |  | Final Purchase Price Allocation |  | Life
Net working capital | $ | 52,330 |  |  | $ | 147 |  |  | $ | 52,477 |  |  |
Property, plant and equipment | 498 |  |  | — |  |  | 498 |  |  |
Purchased technology | 38,300 |  |  | — |  |  | 38,300 |  |  | 5 years
Trade name | 5,700 |  |  | — |  |  | 5,700 |  |  | 5 years
Customer relationships | 97,300 |  |  | — |  |  | 97,300 |  |  | 7 years
Other assets | 122 |  |  | — |  |  | 122 |  |  |
Other noncurrent liabilities | (841) |  |  | — |  |  | (841) |  |  |
Lease liabilities, net | (1,810) |  |  | — |  |  | (1,810) |  |  |
Deferred taxes | (7,817) |  |  | 126 |  |  | (7,691) |  |  |
Deferred revenue | (12,525) |  |  | — |  |  | (12,525) |  |  |
Goodwill | 59,858 |  |  | (273) |  |  | 59,585 |  |  |
Net assets acquired | $ | 231,115 |  |  | $ | — |  |  | $ | 231,115 |  |  |
Business Acquisition, Pro Forma Information | These results are prepared in accordance with ASC 606.
(in thousands, except per share data) | Pro Forma Three Months Ended August 31, 2021
Revenue | $ | 163,735 |
Net income | $ | 30,420 |
Net income per basic share | $ | 0.70 |
Net income per diluted share | $ | 0.68 |
(in thousands, except per share data) | Pro Forma Nine Months Ended August 31, 2021
Revenue | $ | 438,372 |
Net income | $ | 59,883 |
Net income per basic share | $ | 1.36 |
Net income per diluted share | $ | 1.34 |

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