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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2020
May 31, 2019
Cash flows from operating activities:    
Net income $ 38,084 $ 17,583
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 3,248 3,438
Amortization of acquired intangibles and other 11,993 19,900
Stock-based compensation 11,674 11,922
Non-cash lease expense 4,907  
Loss on disposal of property and equipment 531 (18)
Deferred income taxes 1,944 (6,707)
Allowances for bad debt and sales credits 274 287
Changes in operating assets and liabilities:    
Accounts receivable 18,369 10,859
Other assets 4,968 7,722
Accounts payable and accrued liabilities (18,664) (4,627)
Lease liabilities (4,076)  
Income taxes payable 940 1,937
Deferred revenue (3,219) 2,822
Net cash flows from operating activities 70,973 65,118
Cash flows from (used in) investing activities:    
Purchases of investments (5,009) (5,750)
Sales and maturities of investments 14,051 14,709
Purchases of property and equipment (1,757) (1,080)
Payments for acquisitions, net of cash acquired 0 (225,298)
Proceeds from sale of property, plant and equipment, net 0 6,146
Net cash flows from (used in) investing activities 7,285 (211,273)
Cash flows (used in) from financing activities:    
Proceeds from stock-based compensation plans 7,308 4,303
Payments for taxes related to net share settlements of equity awards (3,895) (1,637)
Repurchases of common stock (20,000) (25,000)
Dividend payments to shareholders (14,906) (13,886)
Proceeds from the issuance of debt 0 184,984
Payment of principle on long-term debt (3,762) (1,547)
Payment of issuance costs for long-term debt 0 (1,611)
Net cash flows (used in) from financing activities (35,255) 145,606
Effect of exchange rate changes on cash (4,040) (1,328)
Net increase (decrease) in cash and cash equivalents 38,963 (1,877)
Cash and cash equivalents, beginning of period 154,259 105,126
Cash and cash equivalents, end of period 193,222 103,249
Supplemental disclosure:    
Cash paid for income taxes, net of refunds of $239 in 2020 and $176 in 2019 4,587 4,242
Cash paid for interest 4,898 2,990
Non-cash investing and financing activities:    
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested 12,090 8,063
Dividends declared $ 7,539 $ 6,944