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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Cash flows from operating activities:    
Net income $ 23,674 $ 20,454
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 1,671 1,207
Amortization of acquired intangibles and other 19,937 17,486
Amortization of debt discount and issuance costs on Notes 534 525
Stock-based compensation 9,752 8,114
Non-cash lease expense 1,959 2,075
Loss on disposal of long-lived assets, net 0 4
Deferred income taxes (6,324) 2,218
Allowances for bad debt and sales credits 158 145
Changes in operating assets and liabilities:    
Accounts receivable 25,839 13,192
Other assets 4,483 (1,081)
Inventories (604) 418
Accounts payable and accrued liabilities (17,649) (27,448)
Lease liabilities (2,314) (2,146)
Income taxes payable 170 3
Deferred revenue, net (14,519) 8,927
Net cash flows from operating activities 46,767 44,093
Cash flows (used in) from investing activities:    
Purchases of investments (15,262) 0
Sales and maturities of investments 400 300
Purchases of property and equipment (385) (831)
Payments for acquisitions, net of cash acquired (355,821) 0
Net cash flows used in investing activities (371,068) (531)
Cash flows from (used in) financing activities:    
Proceeds from stock-based compensation plans 9,357 4,094
Payments for taxes related to net share settlements of equity awards (4,817) (3,139)
Repurchases of common stock (15,000) (25,000)
Dividend payments to stockholders (8,023) (7,784)
Proceeds from the issuance of debt 195,000 7,474
Payment of principal on long-term debt (1,719) (1,719)
Payment of debt issuance costs 0 (1,957)
Net cash flows from (used in) financing activities 174,798 (28,031)
Effect of exchange rate changes on cash 1,207 729
Net (decrease) increase in cash and cash equivalents (148,296) 16,260
Cash and cash equivalents, beginning of period 256,277 155,406
Cash and cash equivalents, end of period 107,981 171,666
Supplemental disclosure:    
Cash paid for income taxes, net of refunds of $264 in 2023 and $307 in 2022 3,801 2,389
Cash paid for interest 4,060 1,432
Non-cash investing and financing activities:    
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested 11,535 7,346
Dividends declared $ 8,141 $ 8,062