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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2019
Nov. 30, 2018
[1]
Current assets:    
Cash and cash equivalents $ 103,249 $ 105,126
Short-term investments 25,304 34,387
Total cash, cash equivalents and short-term investments 128,553 139,513
Accounts receivable (less allowances of $795 and $840, respectively) 52,040 59,715
Unbilled receivables 5,160 1,421
Other current assets 18,553 25,080
Assets held for sale 0 5,776
Total current assets 204,306 231,505
Long-term unbilled receivables 4,488 1,811
Property and equipment, net 32,971 30,714
Intangible assets, net 150,907 58,919
Goodwill 432,623 314,992
Deferred tax assets 1,877 966
Other assets 2,733 5,243
Total assets 829,905 644,150
Current liabilities:    
Current portion of long-term debt, net 7,002 5,819
Accounts payable 9,541 10,593
Accrued compensation and related taxes 20,762 25,500
Dividends payable to shareholders 6,944 6,998
Income taxes payable 3,416 1,228
Other accrued liabilities 20,605 12,686
Short-term deferred revenue 135,929 123,210
Total current liabilities 204,199 186,034
Long-term debt, net 291,194 110,270
Long-term deferred revenue 14,476 12,730
Deferred tax liabilities 70 5,799
Other noncurrent liabilities 4,619 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, 44,723,199 shares in 2019 and 45,114,935 shares in 2018 282,193 267,053
Retained earnings 61,744 85,125
Accumulated other comprehensive loss (28,590) (28,176)
Total shareholders’ equity 315,347 324,002 [2]
Total liabilities and shareholders’ equity $ 829,905 $ 644,150
[1] The Company adopted the accounting standard related to revenue recognition ("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.