Basis of Presentation (Tables)

3 Months Ended

Feb. 28, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Long Term Unbilled Receivables

As of February 28, 2019, invoicing of our long-term unbilled receivables is expected to occur as follows (in thousands):

2020	$	1,048
2021	1,089
2022	444
Total	$	2,581

As of February 28, 2019, the changes in deferred revenue were as follows (in thousands):

Balance, December 1, 2018 As Adjusted(1)	$	135,940
Billings and other	95,792
Revenue recognized	(89,549		)
Balance, February 28, 2019	$	142,183
(1)The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method.

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The impact of the adoption of this standard on our previously reported consolidated balance sheets and consolidated statements of operations is as follows:

Consolidated Balance Sheets

	November 30, 2018
(in thousands)	As Reported			Adjustments			As Adjusted
Assets
Accounts receivable, net	$	58,450		$	1,265		$	59,715
Short-term unbilled receivables	—			1,421			1,421
Long-term unbilled receivables	—			1,811			1,811
Deferred tax assets	1,922			(956		)	966
Other assets(1)	580,237			—			580,237
Total assets	$	640,609		$	3,541		$	644,150
Liabilities and shareholders’ equity
Short-term deferred revenue	133,194			(9,984		)	123,210
Long-term deferred revenue	15,127			(2,397		)	12,730
Deferred tax liabilities	3,797			2,002			5,799
Other liabilities(2)	178,409			—			178,409
Retained earnings	71,242			13,883			85,125
Accumulated other comprehensive loss	(28,213		)	37			(28,176		)
Other equity(3)	267,053			—			267,053
Total liabilities and shareholders’ equity	$	640,609		$	3,541		$	644,150
(1)Includes cash and cash equivalents, short-term investments, other current assets, assets held for sale, property and equipment, net, intangible assets, net, goodwill, and other assets.
(2)Includes current portion of long-term debt, net, accounts payable, accrued compensation and related taxes, dividends payable, income taxes payable, other accrued liabilities, long-term debt, net, and other noncurrent liabilities.
(3)Includes common stock and additional paid-in capital.

Consolidated Statements of Income

	February 28, 2018
(in thousands)	As Reported			Adjustments		As Adjusted
Revenue:
Software licenses	$	25,343		$	711	$	26,054
Maintenance and services	68,704			652		69,356
Total revenue	94,047			1,363		95,410
Costs of revenue	16,903			—		16,903
Gross Profit	77,144			1,363		78,507
Operating expenses	59,376			—		59,376
Income from operations	17,768			1,363		19,131
Other expense, net	(1,585		)	—		(1,585		)
Income before income taxes	16,183			1,363		17,546
Provision for income taxes	3,271			543		3,814
Net income	$	12,912		$	820	$	13,732
Earnings per share:
Basic	$	0.28		$	0.02	$	0.30
Diluted	$	0.27		$	0.02	$	0.29
Weighted average shares outstanding:
Basic	46,529			—		46,529
Diluted	47,476			—		47,476