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Business Combinations (Tables) | 6 Months Ended
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May 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Allocation of the Purchase Price | The preliminary allocation of the purchase price, including the measurement period adjustments, is as follows:
(in thousands) | Initial Purchase Price Allocation |  | Measurement Period Adjustments |  | Adjusted Purchase Price Allocation |  | Life
Net working capital | $ | 892 |  |  | $ | 940 |  |  | $ | 1,832 |  |  |
Property, plant and equipment | 54 |  |  | — |  |  | 54 |  |  |
Purchased technology | 119,000 |  |  | — |  |  | 119,000 |  |  | 7 years
Trade name | 27,000 |  |  | — |  |  | 27,000 |  |  | 7 years
Customer relationships | 319,000 |  |  | (1,000) |  |  | 318,000 |  |  | 7 years
Deferred taxes | 23,456 |  |  | (377) |  |  | 23,079 |  |  |
Deferred revenue | (96,159) |  |  | — |  |  | (96,159) |  |  |
Goodwill | 459,459 |  |  | 1,632 |  |  | 461,091 |  |  |
Net assets acquired | $ | 852,702 |  |  | $ | 1,195 |  |  | $ | 853,897 |  |  |
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 Three Months Ended May 31, 2024
Revenue | $ | 236,565 |
Net income | $ | 7,276 |
Net income per basic share | $ | 0.17 |
Net income per diluted share | $ | 0.17 |
(in thousands, except per share data) | Pro Forma Six Months Ended May 31, 2024
Revenue | $ | 481,160 |
Net income | $ | 19,804 |
Net income per basic share | $ | 0.46 |
Net income per diluted share | $ | 0.45 |

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