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Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

A summary of stock option activity under all the plans is as follows:



	Shares		Weighted Average		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value⁽¹⁾
	(in thousands)		Exercise Price		(in years)	(in thousands)
Options outstanding, December 1, 2014	1,215		$	21.19
Granted	6		25.76
Exercised	(449	)	18.64
Canceled	(38	)	29.54
Options outstanding, November 30, 2015	734		$	22.35	1.87	$	2,288
Exercisable, November 30, 2015	728		$	22.31	1.84	$	2,288
Vested or expected to vest, November 30, 2015	734		$	22.35	1.87	$	2,288


(1)	The aggregate intrinsic value was calculated based on the difference between the closing price of our stock on November 30, 2015 of $23.99 and the exercise prices for all in-the-money options outstanding.

Summary of Status of Restricted Stock Units

A summary of restricted stock units activity is as follows (in thousands, except per share data):



	Number of Shares		Weighted Average Grant Date Fair Value
Restricted stock units outstanding, December 1, 2014	1,489		$	22.24
Granted	1,692		25.39
Issued	(714	)	26.08
Canceled	(724	)	22.87
Restricted stock units outstanding, November 30, 2015	1,743		$	24.42

Fair Value of Options and Employee Stock Purchase Plan Shares Granted, Weighted Average Assumptions

We estimated the fair value of stock options and ESPP awards granted in fiscal years 2015, 2014 and 2013 on the measurement dates using the Black-Scholes option valuation model with the following weighted average assumptions:



	Fiscal Year Ended
	November 30, 2015		November 30, 2014		November 30, 2013
Stock options:
Expected volatility	28.0	%	28.4	%	31.9	%
Risk-free interest rate	1.3	%	1.6	%	0.7	%
Expected life (in years)	4.8		4.8		4.8
Expected dividend yield	—		—		—
Employee stock purchase plan:
Expected volatility	21.1	%	25.1	%	31.8	%
Risk-free interest rate	0.5	%	0.3	%	0.2	%
Expected life (in years)	1.6		1.6		1.5
Expected dividend yield	—		—		—

Stock Options and Stock Awards Activity

The following additional activity occurred under our plans (in thousands):



	Fiscal Year Ended
	November 30, 2015		November 30, 2014		November 30, 2013
Total intrinsic value of stock options on date exercised	$	3,895	$	4,078	$	14,009
Total fair value of deferred stock units on date vested	93		130		127
Total fair value of restricted stock units on date vested	18,621		19,963		16,631

Classification of Stock-Based Compensation

The following table provides the classification of stock-based compensation as reflected in our consolidated statements of operations (in thousands):



	Fiscal Year Ended
	November 30, 2015		November 30, 2014		November 30, 2013
Cost of maintenance and services	617		612		601
Sales and marketing	4,805		4,642		3,599
Product development	5,433		5,289		4,723
General and administrative	13,149		14,330		10,186
Stock-based compensation from continuing operations	24,004		24,873		19,109
Loss from discontinued operations	—		—		2,290
Total stock-based compensation	$	24,004	$	24,873	$	21,399
Income tax benefit included in the provision for income taxes from continuing operations	$	5,225	$	6,318	$	5,146