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Business Combinations (Tables) | 12 Months Ended
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Nov. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The allocation of the purchase price is as follows (in thousands):
|  |  |  |  | Preliminary Purchase Price Allocation |  | Life
Net working capital |  |  |  |  | $ | 47,900 |  |  |
Property, plant and equipment |  |  |  |  | 723 |  |  |
Purchased technology |  |  |  |  | 67,300 |  |  | 7 years
Trade name |  |  |  |  | 12,500 |  |  | 7 years
Customer relationships |  |  |  |  | 152,300 |  |  | 7 years
Other assets, including long-term unbilled receivables |  |  |  |  | 4,789 |  |  |
Deferred taxes |  |  |  |  | (24,958) |  |  |
Deferred revenue |  |  |  |  | (33,116) |  |  |
Goodwill |  |  |  |  | 161,070 |  |  |
Net assets acquired |  |  |  |  | $ | 388,508 |  |  |
The allocation of the purchase price is as follows (in thousands):
|  |  |  |  | Final Purchase Price Allocation |  | Life
Net working capital |  |  |  |  | $ | 26,650 |  |  |
Property, plant and equipment |  |  |  |  | 795 |  |  |
Purchased technology |  |  |  |  | 39,400 |  |  | 5 years
Trade name |  |  |  |  | 7,200 |  |  | 5 years
Customer relationships |  |  |  |  | 75,500 |  |  | 5 years
Other assets |  |  |  |  | 197 |  |  |
Other noncurrent liabilities |  |  |  |  | (1,404) |  |  |
Deferred taxes |  |  |  |  | (22,027) |  |  |
Deferred revenue |  |  |  |  | (29,997) |  |  |
Goodwill |  |  |  |  | 179,433 |  |  |
Net assets acquired |  |  |  |  | $ | 275,747 |  |  |
Schedule of Business Acquisition, Pro Forma Information | The pro forma financial information does not reflect any adjustments for anticipated expense savings resulting from the acquisition and is not necessarily indicative of the operating results that would have actually occurred had the transaction been consummated on December 1, 2021.
(In thousands, except per share data) | Pro Forma Fiscal Year Ended November 30, 2023 |  | Pro Forma Fiscal Year Ended November 30, 2022
Revenue | $ | 733,289 |  |  | $ | 712,170 |
Net income | $ | 79,411 |  |  | $ | 77,058 |
Net income per basic share | $ | 1.83 |  |  | $ | 1.77 |
Net income per diluted share | $ | 1.78 |  |  | $ | 1.74 |
These results are prepared in accordance with ASC 606.
(In thousands, except per share data) |  |  | Pro Forma Fiscal Year Ended November 30, 2021
Revenue |  |  | $ | 590,133 |
Net income |  |  | $ | 75,612 |
Net income per basic share |  |  | $ | 1.72 |
Net income per diluted share |  |  | $ | 1.69 |

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