XML 54 R39.htm IDEA: XBRL DOCUMENT
v3.22.4

Business Combinations (Tables) | 12 Months Ended
--- | ---
Nov. 30, 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 |  | Final Purchase Price Allocation |  | Life
Net working capital | $ | 27,075 |  |  | $ | (425) |  |  | $ | 26,650 |  |  |
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) |  |  | (800) |  |  | (1,404) |  |  |
Deferred taxes | (23,187) |  |  | 1,160 |  |  | (22,027) |  |  |
Deferred revenue | (29,997) |  |  | — |  |  | (29,997) |  |  |
Goodwill | 179,521 |  |  | (88) |  |  | 179,433 |  |  |
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 |  |  |
Schedule of Business Acquisition, Pro Forma Information | These results are prepared in accordance with ASC 606.
(In thousands, except per share data) | Pro Forma Fiscal Year Ended November 30, 2021 |  | Pro Forma Fiscal Year Ended November 30, 2020
Revenue | $ | 590,133 |  |  | $ | 490,229 |
Net income | $ | 75,612 |  |  | $ | 65,360 |
Net income per basic share | $ | 1.72 |  |  | $ | 1.46 |
Net income per diluted share | $ | 1.69 |  |  | $ | 1.44 |
These results are prepared in accordance with ASC 606.
(In thousands, except per share data) | Pro Forma Fiscal Year Ended November 30, 2020
Revenue | $ | 497,700 |
Net income | $ | 61,952 |
Net income per basic share | $ | 1.38 |
Net income per diluted share | $ | 1.37 |

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration