Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Aug. 31, 2020

Summary of Cash, Cash Equivalents and Available-for-sale Investments

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


	Amortized Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Cash	$	214,037	$	—	$	—	$	214,037
Money market funds	6,538		—		—		6,538
U.S. treasury bonds	4,994		75		—		5,069
Corporate bonds	4,419		56		—		4,475
Total	$	229,988	$	131	$	—	$	230,119

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

Summary of Cash, Cash Equivalents and Available-for-sale Investments by Balance Sheet Classification

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


	August 31, 2020						November 30, 2019
	Cash and Equivalents		Short-Term Investments		Cash and Equivalents		Short-Term Investments
Cash	$	214,037	$	—	$	144,346	$	—
Money market funds	6,538		—		9,913		—
State and municipal bond obligations	—		—		—		7,037
U.S. treasury bonds	—		5,069		—		7,231
Corporate bonds	—		4,475		—		5,158
Total	$	220,575	$	9,544	$	154,259	$	19,426

Fair Value of Debt Securities by Contractual Maturity

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


	August 31, 2020		November 30, 2019
Due in one year or less	$	5,703	$	14,004
Due after one year⁽¹⁾	3,841		5,422
Total	$	9,544	$	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.