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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2016
May 31, 2015
Operating activities:    
Net income $ 95,146 $ 90,472
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 124,809 114,829
Stock-based compensation expense 64,439 67,834
Gain on sale of assets (43,255) 0
Impairment of assets 0 1,243
Excess tax benefit from stock-based compensation (60) (5,193)
Net periodic pension and postretirement expense 813 993
Pension and postretirement contributions (1,656) (2,285)
Deferred income taxes 25,609 (3,944)
Change in assets and liabilities:    
Accounts receivable, net 13,036 67,628
Other current assets (28,829) (29,725)
Accounts payable (19,873) (7,002)
Accrued expenses (15,598) (53,476)
Income tax 24,839 20,242
Deferred revenue 80,764 70,140
Other liabilities 8,384 2,528
Net cash provided by operating activities 328,568 334,284
Investing activities:    
Capital expenditures on property and equipment (52,660) (69,038)
Acquisitions of businesses, net of cash acquired (1,113,440) (369,908)
Proceeds from sale of assets 190,215 0
Change in other assets 4,272 (339)
Settlements of forward contracts (4,148) 2,419
Net cash used in investing activities (975,761) (436,866)
Financing activities:    
Proceeds from borrowings 1,100,000 440,000
Repayment of borrowings (269,882) (153,263)
Payment of debt issuance costs (15,430) 0
Excess tax benefit from stock-based compensation 60 5,193
Repurchases of common stock (106,015) (105,247)
Net cash provided by financing activities 708,733 186,683
Foreign exchange impact on cash balance (9,148) (11,378)
Net increase in cash and cash equivalents 52,392 72,723
Cash and cash equivalents at the beginning of the period 291,580 153,156
Cash and cash equivalents at the end of the period $ 345,540 $ 225,879