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Debt | 6 Months Ended
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May 31, 2025
Line of Credit Facility [Abstract] |
Debt | Debt As of May 31, 2025, we had the following debt obligations:
(in thousands) | Outstanding Principal |  | Unamortized Discount and Issuance Costs for the Notes |  | Net Carrying Amount
Long-term debt: |  |  |  |  |
3.5% convertible senior notes due 2030 | $ | 450,000 |  |  | $ | (9,756) |  |  | $ | 440,244 |
Revolving credit facility | 660,000 |  |  | — |  |  | 660,000 |
Total long-term debt | 1,110,000 |  |  | (9,756) |  |  | 1,100,244 |
Current portion of long-term debt: |  |  |  |  |
1.0% convertible senior notes due 2026 | 360,000 |  |  | (1,949) |  |  | 358,051 |
Total debt | $ | 1,470,000 |  |  | $ | (11,705) |  |  | $ | 1,458,295 |
As of November 30, 2024, we had the following debt obligations:
(in thousands) | Outstanding Principal |  | Unamortized Discount and Issuance Costs for the Notes |  | Net Carrying Amount
Long-term debt: |  |  |  |  |
1.0% convertible senior notes due 2026 | $ | 360,000 |  |  | $ | (3,053) |  |  | $ | 356,947 |
3.5% convertible senior notes due 2030 | 450,000 |  |  | (10,680) |  |  | 439,320 |
Revolving credit facility | 730,000 |  |  | — |  |  | 730,000 |
Total debt | $ | 1,540,000 |  |  | $ | (13,733) |  |  | $ | 1,526,267 |
During the six months ended May 31, 2025, we repaid $70.0 million on the revolving credit facility and reclassified the 1.0% convertible senior notes due April 15, 2026 from long-term debt to current liabilities. The average interest rate of the revolving credit facility during the three and six months ended May 31, 2025 was 6.67% and 6.64%, respectively, and the interest rate as of May 31, 2025 was 6.67%.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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