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Debt (Tables) | 12 Months Ended
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Nov. 30, 2022
Line of Credit Facility [Abstract] |
Schedule of Maturities of Long-term Debt | As of November 30, 2022, future maturities of the Company's long-term debt were as follows:
(In thousands) | 2026 Notes |  | Revolving Credit Facility |  | Total
2023 | $ | — |  |  | $ | 6,875 |  |  | $ | 6,875 |
2024 | — |  |  | 13,750 |  |  | 13,750 |
2025 | — |  |  | 20,625 |  |  | 20,625 |
2026 | 360,000 |  |  | 20,625 |  |  | 380,625 |
2027 | — |  |  | 206,250 |  |  | 206,250 |
Total face value of long-term debt | 360,000 |  |  | 268,125 |  |  | 628,125 |
Unamortized discount and issuance costs | (7,375) |  |  | (2,671) |  |  | (10,046) |
Less current portion of long-term debt, net | — |  |  | (6,234) |  |  | (6,234) |
Long-term debt | $ | 352,625 |  |  | $ | 259,220 |  |  | $ | 611,845 |
Schedule of Net Carrying Amount of Notes |
(In thousands) | November 30, 2021
Principal | $ | 360,000 |
Conversion option allocated to equity | (64,800) |
Unamortized discount | (665) |
Net carrying amount of the liability component | $ | 294,535 |
Net carrying amount of the Notes:
(In thousands) | November 30, 2022
Principal | $ | 360,000 |
Unamortized discount | (7,375) |
| $ | 352,625 |
Schedule of Net Carrying Amount of Equity Component |
(In thousands) | November 30, 2021
Conversion options(1) | $ | 62,855 |
Capped call | (43,056) |
Net carrying amount of the equity component | $ | 19,799 |
(1)Net of issuance costs |
Schedule of Interest Expense Related To Notes |
| Fiscal Year Ended
(In thousands) | November 30, 2022 |  | November 30, 2021
Contractual interest expense (1% coupon) | $ | 3,600 |  |  | $ | 2,280 |
Amortization of debt discount and issuance costs(1) | 2,112 |  |  | 8,195 |
| $ | 5,712 |  |  | $ | 10,475 |
(1)After the adoption of ASU 2020-06, the effective interest rate for the Notes was 1.63%. Prior to adoption of ASU 2020-06, the effective interest rate for the Notes was 5.71%.

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