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Fair Value Measurements (Tables)
3 Months Ended
Feb. 29, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurements within the Fair Value Hierarchy of the Financial Assets
The following table details the fair value measurements within the fair value hierarchy of our financial assets and liabilities at February 29, 2016 (in thousands):
 
 
 
 
Fair Value Measurements Using
 
Total Fair
Value
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
Money market funds
$
7,282

 
$
7,282

 
$

 
$

State and municipal bond obligations
38,295

 

 
38,295

 

U.S. treasury bonds
4,105

 

 
4,105

 

U.S. government agency bonds
1,638

 

 
1,638

 

Corporate bonds
3,749

 

 
3,749

 

Liabilities
 
 
 
 
 
 
 
Foreign exchange derivatives
$
(5,100
)
 
$

 
$
(5,100
)
 
$


The following table details the fair value measurements within the fair value hierarchy of our financial assets and liabilities at November 30, 2015 (in thousands):
 
 
 
 
Fair Value Measurements Using
 
Total Fair
Value
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
Money market funds
$
26,138

 
$
26,138

 
$

 
$

State and municipal bond obligations
20,417

 

 
20,417

 

U.S. treasury bonds
3,094

 

 
3,094

 

U.S. government agency bonds
1,641

 

 
1,641

 

Corporate bonds
3,748

 

 
3,748

 

Liabilities
 
 
 
 
 
 
 
Foreign exchange derivatives
$
(4,021
)
 
$

 
$
(4,021
)
 
$

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table reflects the activity for our liabilities measured at fair value using Level 3 inputs for each period presented (in thousands):

 
Three Months Ended
 
February 29,
2016
 
February 28,
2015
Balance, beginning of period
$

 
$
1,717

Changes in fair value of contingent consideration obligation

 
(102
)
Balance, end of period
$

 
$
1,615