Business Combinations (Tables)

3 Months Ended

Feb. 28, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The preliminary allocation of the purchase price is as follows (in thousands):

	Preliminary Purchase Price Allocation		Life
Net working capital	$	49,477
Property, plant and equipment	723
Purchased technology	67,600		7 years
Trade name	12,500		7 years
Customer relationships	162,200		7 years
Other assets, including long-term unbilled receivables	6,172
Deferred taxes	(17,441)
Deferred revenue	(33,116)
Goodwill	140,964
Net assets acquired	$	389,079

Schedule of Business Acquisition, Pro Forma Information

The pro forma financial information does not reflect any adjustments for anticipated expense savings resulting from the acquisition and is not necessarily indicative of the operating results that would have actually occurred had the transaction been consummated on December 1, 2021.

(in thousands, except per share data)	Pro Forma Three Months Ended February 28, 2023		Pro Forma Three Months Ended February 28, 2022
Revenue	$	203,076	$	165,822
Net income	$	32,705	$	10,492
Net income per basic share	$	0.76	$	0.24
Net income per diluted share	$	0.74	$	0.23