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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2019
Nov. 30, 2018
[1]
Current assets:    
Cash and cash equivalents $ 106,516 $ 105,126
Short-term investments 26,942 34,387
Total cash, cash equivalents and short-term investments 133,458 139,513
Accounts receivable (less allowances of $725 and $840, respectively) 54,572 59,715
Unbilled receivables 2,121 1,421
Other current assets 19,757 25,080
Assets held for sale 5,776 5,776
Total current assets 215,684 231,505
Long-term unbilled receivables 2,581 1,811
Property and equipment, net 29,351 30,714
Intangible assets, net 50,297 58,919
Goodwill 315,010 314,992
Deferred tax assets 889 966
Other assets 2,079 5,243
Total assets 615,891 644,150
Current liabilities:    
Current portion of long-term debt, net 6,593 5,819
Accounts payable 9,823 10,593
Accrued compensation and related taxes 14,984 25,500
Dividends payable to shareholders 6,939 6,998
Income taxes payable 1,233 1,228
Other accrued liabilities 11,887 12,686
Short-term deferred revenue 130,569 123,210
Total current liabilities 182,028 186,034
Long-term debt, net 108,042 110,270
Long-term deferred revenue 11,614 12,730
Deferred tax liabilities 2,665 5,799
Other noncurrent liabilities 4,840 5,315
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value; authorized, 10,000,000 shares; issued, none 0 0
Common stock, $0.01 par value, and additional paid-in capital; authorized, 200,000,000 shares; issued and outstanding, 44,473,947 shares in 2019 and 45,114,935 shares in 2018 272,854 267,053
Retained earnings 60,462 85,125
Accumulated other comprehensive loss (26,614) (28,176)
Total shareholders’ equity 306,702 324,002 [2]
Total liabilities and shareholders’ equity $ 615,891 $ 644,150
[1] The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Basis of Presentation for further information.
[2] The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Basis of Presentation for further information.