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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2019
Nov. 30, 2018
[1]
Current assets:    
Cash and cash equivalents $ 154,259 $ 105,126
Short-term investments 19,426 34,387
Total cash, cash equivalents and short-term investments 173,685 139,513
Accounts receivable (less allowances of $825 in 2019 and $840 in 2018) 72,820 59,715
Unbilled receivables and contract assets 10,880 1,421
Other current assets 27,280 25,080
Assets held for sale 0 5,776
Total current assets 284,665 231,505
Long-term unbilled receivables and contract assets 12,492 1,811
Property and equipment, net 29,765 30,714
Intangible assets, net 99,392 58,919
Goodwill 432,824 314,992
Deferred tax assets 18,601 966
Other assets 3,532 5,243
Total assets 881,271 644,150
Current liabilities:    
Current portion of long-term debt, net 10,717 5,819
Accounts payable 10,603 10,593
Accrued compensation and related taxes 34,444 25,500
Dividends payable to shareholders 7,498 6,998
Income taxes payable 1,444 1,228
Other accrued liabilities 18,685 12,686
Short-term deferred revenue 157,494 123,210
Total current liabilities 240,885 186,034
Long-term debt, net 284,002 110,270
Long-term deferred revenue 19,752 12,730
Deferred tax liabilities 3 5,799
Other noncurrent liabilities 6,347 5,315
Commitments and contingencies (Note 9)
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, 45,036,441 shares in 2019 and 45,114,935 shares in 2018 450 451
Additional paid-in capital 295,503 266,602
Retained earnings 64,303 85,125
Accumulated other comprehensive loss (29,974) (28,176)
Total shareholders’ equity 330,282 324,002 [2]
Total liabilities and shareholders’ equity $ 881,271 $ 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 Summary of Significant Accounting Policies for further information.
[2] 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 Summary of Significant Accounting Policies for further information.