v3.25.4

Debt (Tables) | 12 Months Ended
--- | ---
Nov. 30, 2025
Line of Credit Facility [Abstract] |
Schedule of Debt Obligations | As of November 30, 2025 and 2024, we had the following debt obligations:
(in thousands) | November 30, 2025 |  | November 30, 2024
Current portion of long-term debt: |  |  |
1.0% convertible senior notes due 2026 | $ | 360,000 |  |  | $ | — |
Unamortized discount and issuance costs for the Notes | (837) |  |  | — |
Total current portion of long-term debt | 359,163 |  |  | — |
Long-term debt: |  |  |
1.0% convertible senior notes due 2026 | — |  |  | 360,000 |
3.5% convertible senior notes due 2030 | 450,000 |  |  | 450,000 |
Revolving credit facility(1) | 600,000 |  |  | 730,000 |
Total face value of long-term debt | 1,050,000 |  |  | 1,540,000 |
Unamortized discount and issuance costs for the Notes | (8,814) |  |  | (13,733) |
Total long-term debt | 1,041,186 |  |  | 1,526,267 |
Total debt | $ | 1,400,349 |  |  | $ | 1,526,267 |
(1) Unamortized debt issuance costs related to the revolving credit facility of $10.4 million and $6.0 million are included in other assets on the consolidated balance sheets as of November 30, 2025 and 2024, respectively.
Schedule of Convertible Debt | During the fiscal year ending November 30, 2025, we reclassified the 2026 Notes from long-term debt to current liabilities. Further details of the Notes are as follows:
Issuance |  | Maturity Date |  | Interest Rate |  | Effective Interest Rate |  | Semi-Annual Interest Payment Dates |  | Initial Conversion Rate per $1,000 Principal |  | Initial Conversion Price per share of common stock
2030 Notes |  | March 1, 2030 |  | 3.50% |  | 4.00% |  | March 1 and September 1 |  | 14.7622 |  | $67.74
2026 Notes |  | April 15, 2026 |  | 1.00% |  | 1.63% |  | April 15 and October 15 |  | 17.4525 |  | $57.30
Schedule of Interest Expense, Debt Discount, and Issuance Costs Related to Notes |
|  | Fiscal Year Ended
|  | November 30, 2025 |  | November 30, 2024 |  | November 30, 2023
(in thousands) |  | 2030 Notes |  | 2026 Notes |  | 2030 Notes |  | 2026 Notes |  | 2026 Notes
Contractual interest expense |  | $ | 15,750 |  |  | $ | 3,600 |  |  | $ | 11,813 |  |  | $ | 3,610 |  |  | $ | 3,600 |
Amortization of debt discount and issuance costs |  | 1,865 |  |  | 2,216 |  |  | 1,351 |  |  | 2,174 |  |  | 2,147 |
|  | $ | 17,615 |  |  | $ | 5,816 |  |  | $ | 13,164 |  |  | $ | 5,784 |  |  | $ | 5,747 |

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