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Basis of Presentation (Tables)
 6 Months Ended
May 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Contract with Customer, Asset and Liability
As of May 31, 2019, invoicing of our long-term unbilled receivables is expected to occur as follows (in thousands):
2020
$
525

2021
3,398

2022
565

Total
$
4,488


As of May 31, 2019, the changes in deferred revenue were as follows (in thousands):
Balance, December 1, 2018 As Adjusted(1)
$
135,940

Billings and other
204,009

Revenue recognized
(189,544
)
Balance, May 31, 2019
$
150,405

(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 sheet and consolidated statements of operations is as follows:

Consolidated Balance Sheet
 
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

 
May 31, 2018
 
Three Months Ended
 
Six Months Ended
(In thousands, except per share data)
As Reported
 
Adjustments
 
As Adjusted
 
As Reported
 
Adjustments
 
As Adjusted
Revenue:
 
 
 
 
 
 
 
 
 
 
 
Software licenses
$
26,439

 
$
(3,913
)
 
$
22,526

 
$
51,782

 
$
(3,202
)
 
$
48,580

Maintenance and services
69,663

 
675

 
70,338

 
138,367

 
1,327

 
139,694

Total revenue
96,102

 
(3,238
)
 
92,864

 
190,149

 
(1,875
)
 
188,274

Costs of revenue
16,643

 
—

 
16,643

 
33,546

 
—

 
33,546

Gross Profit
79,459

 
(3,238
)
 
76,221

 
156,603

 
(1,875
)
 
154,728

Operating expenses
57,671

 
—

 
57,671

 
117,047

 
—

 
117,047

Income from operations
21,788

 
(3,238
)
 
18,550

 
39,556

 
(1,875
)
 
37,681

Other expense, net
(1,284
)
 
—

 
(1,284
)
 
(2,869
)
 
—

 
(2,869
)
Income before income taxes
20,504

 
(3,238
)
 
17,266

 
36,687

 
(1,875
)
 
34,812

Provision for income taxes
5,101

 
(739
)
 
4,362

 
8,372

 
(197
)
 
8,175

Net income
$
15,403

 
$
(2,499
)
 
$
12,904

 
$
28,315

 
$
(1,678
)
 
$
26,637

Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.34

 
$
(0.06
)
 
$
0.28

 
$
0.62

 
$
(0.04
)
 
$
0.58

Diluted
$
0.33

 
$
(0.05
)
 
$
0.28

 
$
0.61

 
$
(0.04
)
 
$
0.57

Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
Basic
45,531

 
—

 
45,531

 
46,030

 
—

 
46,030

Diluted
46,087

 
—

 
46,087

 
46,781

 
—

 
46,781