Cash, Cash Equivalents and Investments

6 Months Ended

May 31, 2020

Investments and Cash [Abstract]

Cash, Cash Equivalents and Investments

Cash, Cash Equivalents and Investments

A summary of our cash, cash equivalents and available-for-sale investments at May 31, 2020 is as follows (in thousands):

	Amortized Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Cash	$	187,573	$	—	$	—	$	187,573
Money market funds	5,649		—		—		5,649
U.S. treasury bonds	4,994		89		—		5,083
Corporate bonds	5,277		63		—		5,340
Total	$	203,493	$	152	$	—	$	203,645

A summary of our cash, cash equivalents and available-for-sale investments at November 30, 2019 is as follows (in thousands):

 

	Amortized Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Cash	$	144,346	$	—	$	—	$	144,346
Money market funds	9,913		—		—		9,913
State and municipal bond obligations	7,036		1		—		7,037
U.S. treasury bonds	7,221		10		—		7,231
Corporate bonds	5,146		12		—		5,158
Total	$	173,662	$	23	$	—	$	173,685

Such amounts are classified on our condensed consolidated balance sheets as follows (in thousands):

	May 31, 2020				November 30, 2019
	Cash and Equivalents		Short-Term Investments		Cash and Equivalents		Short-Term Investments
Cash	$	187,573	$	—	$	144,346	$	—
Money market funds	5,649		—		9,913		—
State and municipal bond obligations	—		—		—		7,037
U.S. treasury bonds	—		5,083		—		7,231
Corporate bonds	—		5,340		—		5,158
Total	$	193,222	$	10,423	$	154,259	$	19,426

The fair value of debt securities by contractual maturity is as follows (in thousands):

	May 31, 2020		November 30, 2019
Due in one year or less	$	5,058	$	14,004
Due after one year(1)	5,365		5,422
Total	$	10,423	$	19,426

⁽¹⁾  Includes U.S. treasury bonds and corporate bonds, which are securities representing investments available for current operations and are classified as current on the condensed consolidated balance sheets.

We did not hold any investments with continuous unrealized losses as of May 31, 2020 or November 30, 2019.