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Discontinued Operations
 6 Months Ended
May 31, 2016
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations

In October 2015, we announced our intent to divest our OE&RM and GlobalSpec product groups, which are components of our CMS segment, due to a recent portfolio evaluation where we determined that these product groups no longer aligned with our strategic goals. We launched the sales process for both product groups in November 2015 and sold both businesses in the second quarter of 2016 for approximately $190.2 million. The OE&RM sale has a contingent earnout provision of $35.0 million that will be evaluated at the end of 2016. The net gain on sale for these two product groups was approximately $0.3 million. We have entered into transition services agreements (TSAs) with each of the buyers to facilitate an orderly transition process. The results of these product groups have been classified as discontinued operations in the accompanying financial statements and footnotes.

Operating results for discontinued operations for the three and six months ended May 31, 2016 and 2015 were as follows (in thousands):
 
Three months ended May 31,
 
Six months ended May 31,
 
2016
 
2015
 
2016
 
2015
Revenue
$
26,738

 
$
34,467

 
$
53,579

 
$
66,852

 
 
 
 
 
 
 
 
Income from discontinued operations before income taxes
$
51,601

 
$
6,760

 
$
57,381

 
$
9,240

Tax expense
(46,347
)
 
(2,481
)
 
(48,310
)
 
(3,391
)
Income from discontinued operations, net
$
5,254

 
$
4,279

 
$
9,071

 
$
5,849



Assets and liabilities from discontinued operations related to the divestiture of the GlobalSpec and OE&RM product groups consisted of the following amounts (in thousands):
 
 
At disposal date
 
November 30, 2015
Current assets
 
$
2,484

 
$
19,505

Property and equipment, net
 
20,329

 
16,391

Intangible assets, net
 
58,780

 
58,298

Goodwill
 
103,274

 
99,183

Total assets
 
$
184,867

 
$
193,377

 
 
 
 
 
Current liabilities
 
$
551

 
$
1,255

Deferred revenue
 
26,497

 
19,576

Deferred income taxes
 
11,887

 
11,266

Total liabilities
 
$
38,935

 
$
32,097