Business Combinations (Tables)

6 Months Ended

May 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

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

	Initial Purchase Price Allocation		Measurement Period Adjustments		Adjusted Purchase Price Allocation		Life
Net working capital	$	49,477	$	(799)	$	48,678
Property, plant and equipment	723		—		723
Purchased technology	67,600		(300)		67,300		7 years
Trade name	12,500		—		12,500		7 years
Customer relationships	162,200		(10,900)		151,300		7 years
Other assets, including long-term unbilled receivables	6,172		(704)		5,468
Deferred taxes	(17,441)		(957)		(18,398)
Deferred revenue	(33,116)		—		(33,116)
Goodwill	140,964		13,935		154,899
Net assets acquired	$	389,079	$	275	$	389,354

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 May 31, 2022
Revenue	$	171,111
Net income	$	21,580
Net income per basic share	$	0.50
Net income per diluted share	$	0.49

(in thousands, except per share data)	Pro Forma Six Months Ended May 31, 2023		Pro Forma Six Months Ended May 31, 2022
Revenue	$	381,327	$	336,933
Net income	$	44,996	$	32,375
Net income per basic share	$	1.04	$	0.74
Net income per diluted share	$	1.01	$	0.73