Business Combinations (Tables)

12 Months Ended

Nov. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

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

	Preliminary Purchase Price Allocation		Life
Net working capital	$	47,900
Property, plant and equipment	723
Purchased technology	67,300		7 years
Trade name	12,500		7 years
Customer relationships	152,300		7 years
Other assets, including long-term unbilled receivables	4,789
Deferred taxes	(24,958)
Deferred revenue	(33,116)
Goodwill	161,070
Net assets acquired	$	388,508

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

	Final Purchase Price Allocation		Life
Net working capital	$	26,650
Property, plant and equipment	795
Purchased technology	39,400		5 years
Trade name	7,200		5 years
Customer relationships	75,500		5 years
Other assets	197
Other noncurrent liabilities	(1,404)
Deferred taxes	(22,027)
Deferred revenue	(29,997)
Goodwill	179,433
Net assets acquired	$	275,747

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 Fiscal Year Ended November 30, 2023		Pro Forma Fiscal Year Ended November 30, 2022
Revenue	$	733,289	$	712,170
Net income	$	79,411	$	77,058
Net income per basic share	$	1.83	$	1.77
Net income per diluted share	$	1.78	$	1.74

These results are prepared in accordance with ASC 606.

(In thousands, except per share data)	Pro Forma Fiscal Year Ended November 30, 2021
Revenue	$	590,133
Net income	$	75,612
Net income per basic share	$	1.72
Net income per diluted share	$	1.69