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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Feb. 28, 2019
Feb. 28, 2018
[1]
Revenue:    
Total revenue $ 89,549 $ 95,410
Costs of revenue:    
Total costs of revenue 16,039 16,903
Gross profit 73,510 78,507
Operating expenses:    
Sales and marketing 22,323 21,428
Product development 19,890 20,245
General and administrative 12,285 11,262
Amortization of acquired intangibles 3,188 3,319
Fees related to shareholder activist 0 1,258
Restructuring expenses 415 1,821
Acquisition-related expenses 0 43
Total operating expenses 58,101 59,376
Income from operations 15,409 19,131
Other (expense) income:    
Interest expense (1,389) (1,165)
Interest income and other, net 229 408
Foreign currency loss, net (843) (828)
Total other expense, net (2,003) (1,585)
Income before income taxes 13,406 17,546
Provision for income taxes 4,004 3,814
Net income $ 9,402 $ 13,732
Earnings per share:    
Basic (in dollars per share) $ 0.21 $ 0.30
Diluted (in dollars per share) $ 0.21 $ 0.29
Weighted average shares outstanding:    
Basic (in shares) 44,956 46,529
Diluted (in shares) 45,286 47,476
Cash dividends declared per common share (in dollars per share) $ 0.155 $ 0.14
Software licenses    
Revenue:    
Total revenue $ 22,802 $ 26,054
Costs of revenue:    
Total costs of revenue 1,167 1,261
Maintenance and services    
Revenue:    
Total revenue 66,747 69,356
Costs of revenue:    
Total costs of revenue 9,439 9,824
Amortization of acquired intangibles    
Costs of revenue:    
Total costs of revenue $ 5,433 $ 5,818
[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.