XML 17 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Cash flows from operating activities:    
Net income $ 71,361 $ 63,494
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 3,682 4,147
Amortization of acquired intangibles and other 52,545 33,988
Amortization of debt discount and issuance costs on Notes 1,595 4,942
Stock-based compensation 26,110 21,985
Non-cash lease expense 5,919 6,095
Gain on sale of assets held for sale (10,770) 0
Deferred income taxes (286) (1,596)
Allowances for bad debt and sales credits 710 (370)
Changes in operating assets and liabilities:    
Accounts receivable 2,858 (1,319)
Other assets 11,174 2,590
Inventories (1,264) 0
Accounts payable and accrued liabilities (10,055) (5,994)
Lease liabilities (6,481) (6,440)
Income taxes payable (748) 3,079
Deferred revenue 5,673 10,001
Net cash flows from operating activities 152,023 134,602
Cash flows from investing activities:    
Sales and maturities of investments 1,200 4,150
Purchases of property and equipment (3,086) (2,741)
Proceeds from sale of long-lived assets, net 25,998 0
Decrease in escrow receivable and other 134 2,330
Net cash flows from investing activities 24,246 3,739
Cash flows (used in) from financing activities:    
Proceeds from stock-based compensation plans 10,384 9,247
Payments for taxes related to net share settlements of equity awards (5,405) (2,398)
Repurchases of common stock (75,524) (35,000)
Proceeds from issuance of senior convertible notes, net of issuance costs of $9.9 million 0 350,100
Purchase of capped calls 0 (43,056)
Dividend payments to stockholders (23,351) (23,372)
Proceeds from the issuance of debt 7,474 0
Payment of principal on long-term debt (5,154) (111,669)
Payment of debt issuance costs (1,957) (904)
Net cash flows (used in) from financing activities (93,533) 142,948
Effect of exchange rate changes on cash (14,027) 616
Net increase in cash and cash equivalents 68,709 281,905
Cash and cash equivalents, beginning of period 155,406 97,990
Cash and cash equivalents, end of period 224,115 379,895
Supplemental disclosure:    
Cash paid for income taxes, net of refunds of $920 in 2022 and $807 in 2021 8,954 9,920
Cash paid for interest 5,470 6,564
Non-cash investing and financing activities:    
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested 18,204 8,779
Dividends declared $ 8,099 $ 7,988