Fair Value Measurements (Tables)

12 Months Ended

Nov. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Investments Fair Value Measurement on Recurring Basis

The following tables present the Company’s investments, which consist of cash equivalents and available-for-sale marketable securities, that are measured at fair value on a recurring basis as of November 30, 2022 and 2021 (in thousands):

November 30, 2022	Level	Amortized cost		Unrealized gain		Unrealized loss		Estimated fair value
Money market funds	Level 1	$	59,452	$	—	$	—	$	59,452
U.S. treasury securities	Level 1	75,322		—		(1,120)		74,202
Corporate debt securities	Level 2	81,026		—		(1,279)		79,747
U.S. government agency securities	Level 2	8,998		—		(135)		8,863
Corporate commercial paper	Level 2	74,896		—		—		74,896
Foreign government securities	Level 2	7,051		—		(92)		6,959
Long-term marketable securities:
U.S. treasury securities	Level 1	5,779		—		(98)		5,681
Corporate debt securities	Level 2	3,492		—		(217)		3,275
U.S. government agency securities	Level 2	56,301		1		(1,379)		54,923
Total		$	372,317	$	1	$	(4,320)	$	367,998
Included in cash and cash equivalents		$	59,452	$	—	$	—	$	59,452
Included in marketable securities, current		$	247,293	$	—	$	(2,626)	$	244,667
Included in marketable securities, non-current		$	65,572	$	1	$	(1,694)	$	63,879

November 30, 2021	Level	Amortized cost		Unrealized gain		Unrealized loss		Estimated fair value
Money market funds	Level 1	$	73,438	$	—	$	—	$	73,438
U.S. treasury securities	Level 1	20,608		—		(9)		20,599
Corporate debt securities	Level 2	46,599		1		(54)		46,546
U.S. government agency securities	Level 2	16,496		1		(14)		16,483
Corporate commercial paper	Level 2	121,495		—		—		121,495
Municipal securities	Level 2	10,082		9		—		10,091
Long-term marketable securities:
U.S. treasury securities	Level 1	39,932		—		(85)		39,847
Corporate debt securities	Level 2	74,334		—		(365)		73,969
U.S. government agency securities	Level 2	16,236		—		(67)		16,169
Municipal securities	Level 2	7,229		—		(25)		7,204
Total		$	426,449	$	11	$	(619)	$	425,841
Included in cash and cash equivalents		$	73,438	$	—	$	—	$	73,438
Included in marketable securities, current		$	215,280	$	11	$	(77)	$	215,214
Included in marketable securities, non-current		$	137,731	$	—	$	(542)	$	137,189