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Business Combinations (Tables) | 12 Months Ended
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Nov. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Allocation Of The Purchase Price | The preliminary allocation of the purchase price is as follows:
(in thousands) |  |  |  |  | Preliminary Purchase Price Allocation |  | Life
Net working capital |  |  |  |  | $ | 892 |  |  |
Property, plant and equipment |  |  |  |  | 54 |  |  |
Purchased technology |  |  |  |  | 119,000 |  |  | 7 years
Trade name |  |  |  |  | 27,000 |  |  | 7 years
Customer relationships |  |  |  |  | 319,000 |  |  | 7 years
Deferred taxes |  |  |  |  | 23,456 |  |  |
Deferred revenue |  |  |  |  | (96,159) |  |  |
Goodwill |  |  |  |  | 459,459 |  |  |
Net assets acquired |  |  |  |  | $ | 852,702 |  |  |
The allocation of the purchase price is as follows:
(in thousands) |  |  |  |  | Purchase Price Allocation |  | Life
Net working capital |  |  |  |  | $ | 46,335 |  |  |
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 |  |  |  |  | 4,477 |  |  |
Deferred taxes |  |  |  |  | (24,478) |  |  |
Deferred revenue |  |  |  |  | (32,418) |  |  |
Goodwill |  |  |  |  | 161,770 |  |  |
Net assets acquired |  |  |  |  | $ | 388,509 |  |  |
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, 2022.
(in thousands, except per share data) | Pro Forma Fiscal Year Ended November 30, 2024 |  | Pro Forma Fiscal Year Ended November 30, 2023
Revenue | $ | 978,757 |  |  | $ | 907,010 |
Net income | $ | 35,678 |  |  | $ | 2,457 |
Net income per basic share | $ | 0.82 |  |  | $ | 0.06 |
Net income per diluted share | $ | 0.80 |  |  | $ | 0.06 |
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 |

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- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- 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 -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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