Income Taxes (Tables)

12 Months Ended

Nov. 30, 2021

Income Tax Disclosure [Abstract]

Components of Pretax Income

The components of income before income taxes are as follows (in thousands):

	Fiscal Year Ended
	November 30, 2021		November 30, 2020		November 30, 2019
U.S.	$	80,508	$	83,279	$	(11,778)
Foreign	15,026		13,356		40,273
Total	$	95,534	$	96,635	$	28,495

Provisions for Income Taxes

The provision for income taxes is comprised of the following (in thousands):

	Fiscal Year Ended
	November 30, 2021		November 30, 2020		November 30, 2019
Current:
Federal	$	11,964	$	12,294	$	9,294
State	2,602		3,871		1,862
Foreign	3,456		3,370		5,808
Total current	18,022		19,535		16,964
Deferred
Federal	366		(1,613)		(12,191)
State	(1,110)		(969)		(2,399)
Foreign	(164)		(40)		(279)
Total deferred	(908)		(2,622)		(14,869)
Total	$	17,114	$	16,913	$	2,095

Reconciliation of U.S. Federal Statutory Rate To Effective Tax Rate

A reconciliation of the income taxes incurred at the U.S. Federal statutory rate compared to the effective tax rate is as follows (in thousands):

	Fiscal Year Ended
	November 30, 2021		November 30, 2020		November 30, 2019
Tax at U.S. Federal statutory rate	$	20,062	$	20,293	$	5,984
Foreign rate differences	193		(200)		(2,619)
Effects of foreign operations included in U.S. Federal provision	(112)		(167)		451
State income taxes, net	1,215		2,087		(918)
Research credits	(410)		(905)		(1,086)
Domestic production activities deduction	—		—		(248)
Tax-exempt interest	—		(3)		(27)
Nondeductible stock-based compensation	1,548		422		1,043
Meals and entertainment	61		162		198
Compensation subject to 162(m)	346		324		422
Uncertain tax positions and tax settlements	89		245		(720)
Net excess tax benefit or detriment from stock-based compensation plans	(11)		61		(103)
Global intangible low tax inclusion	606		(307)		2,100
Foreign derived intangible deduction	(6,386)		(5,297)		(2,300)
Other	(87)		198		(82)
Total	$	17,114	$	16,913	$	2,095

Summary of Deferred Taxes

The components of deferred tax assets and liabilities are as follows (in thousands):

	November 30, 2021		November 30, 2020
Deferred tax assets:
Accounts receivable	$	143	$	241
Accrued compensation	4,407		2,861
Accrued liabilities and other	2,898		4,430
Deferred revenue	8,081		9,032
Stock-based compensation	6,401		4,814
Original issue discount	9,132		—
Tax credit and loss carryforwards	35,376		42,189
Operating lease liabilities	5,257		5,531
Gross deferred tax assets	71,695		69,098
Valuation allowance	(7,315)		(9,876)
Total deferred tax assets	64,380		59,222
Deferred tax liabilities:
Goodwill	(21,867)		(20,624)
Right-of-use lease assets	(3,925)		(4,837)
Deferred revenue	(1,483)		(3,027)
Depreciation and amortization	(34,532)		(15,924)
Prepaid expenses	(1,906)		(334)
Notes payable	(13,415)		—
Total deferred tax liabilities	(77,128)		(44,746)
Total	$	(12,748)	$	14,476

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the balance of our unrecognized tax benefits is as follows (in thousands):

	Fiscal Year Ended
	November 30, 2021		November 30, 2020		November 30, 2019
Balance, beginning of year	$	6,219	$	4,993	$	5,787
Tax positions related to current period	71		—		—
Tax positions related to a prior period	(820)		539		110
Tax positions acquired	439		1,596		—
Settlements with tax authorities	(168)		(12)		(181)
Lapses due to expiration of the statute of limitations	(270)		(897)		(723)
Balance, end of year	$	5,471	$	6,219	$	4,993