Divestitures

9 Months Ended

Aug. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Divestitures

Divestitures

During fiscal years 2012 and 2013, we completed divestitures of the eleven product lines which were not considered core product lines of our business: Actional, Apama, Artix, DataXtend, FuseSource, ObjectStore, Orbacus, Orbix, Savvion, Shadow and Sonic. The FuseSource and Shadow product lines were divested in fiscal year 2012. The remaining product lines, excluding Apama, were divested in the first quarter of fiscal year 2013. The divestitures were part of our strategic plan announced during fiscal year 2012. The Apama product line was divested in the third quarter of fiscal year 2013.

Revenues and direct expenses of the divested product lines have been reclassified as discontinued operations for all periods presented. Specifically, the fiscal year 2013 income from discontinued operations now includes the revenues and direct expenses of the product lines which had not been divested prior to the start of fiscal year 2013.

The components included in discontinued operations on the condensed consolidated statements of income are as follows (in thousands):

	Three Months Ended					Nine Months Ended
	August 31, 2014		August 31, 2013			August 31, 2014		August 31, 2013
Revenue	$	—	$	537		$	—	$	16,143
Loss before income taxes	—		(6,221		)	—		(9,338		)
Income tax benefit	—		(1,790		)	—		(2,223		)
Gain on sale, net of tax	—		22,070			—		41,827
Income from discontinued operations, net	$	—	$	17,639		$	—	$	34,712