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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Revenue:        
Total revenue $ 109,699 $ 106,716 $ 319,765 $ 296,260
Costs of revenue:        
Total costs of revenue 14,738 20,825 43,883 54,475
Amortization of acquired intangibles 1,664 7,458 4,974 18,997
Gross profit 94,961 85,891 275,882 241,785
Operating expenses:        
Sales and marketing 22,186 25,177 68,100 72,332
Product development 20,676 23,126 64,117 64,704
General and administrative 13,514 13,506 38,702 38,445
Amortization of acquired intangibles 4,176 7,068 12,484 14,841
Restructuring expenses 91 801 1,826 3,993
Acquisition-related expenses 1,125 253 1,439 1,360
Total operating expenses 61,768 69,931 186,668 195,675
Income from operations 33,193 15,960 89,214 46,110
Other (expense) income:        
Interest expense (2,302) (3,321) (7,692) (6,920)
Interest income and other, net 110 377 443 950
Foreign currency loss, net (770) (774) (1,957) (2,068)
Total other expense, net (2,962) (3,718) (9,206) (8,038)
Income before income taxes 30,231 12,242 80,008 38,072
Provision (benefit) for income taxes 6,254 (1,315) 17,947 6,932
Net income $ 23,977 $ 13,557 $ 62,061 $ 31,140
Earnings per share:        
Basic (in dollars per share) $ 0.53 $ 0.30 $ 1.38 $ 0.70
Diluted (in dollars per share) $ 0.53 $ 0.30 $ 1.37 $ 0.69
Weighted average shares outstanding:        
Basic (in shares) 45,036 44,716 44,941 44,761
Diluted (in shares) 45,364 45,303 45,382 45,292
Cash dividends declared per common share (in dollars per share) $ 0.165 $ 0.155 $ 0.495 $ 0.465
Software licenses        
Revenue:        
Total revenue $ 27,514 $ 30,686 $ 77,806 $ 83,216
Costs of revenue:        
Total costs of revenue 1,103 1,204 3,302 3,296
Maintenance and services        
Revenue:        
Total revenue 82,185 76,030 241,959 213,044
Costs of revenue:        
Total costs of revenue $ 11,971 $ 12,163 $ 35,607 $ 32,182