Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of stock option activity under all the plans is as follows:

	Shares	Weighted Average		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
	(in thousands)	Exercise Price		(in years)	(in thousands)
Options outstanding, December 1, 2022	2,480	$	41.73
Granted	243	51.41
Exercised	(485)	37.49
Canceled	(186)	43.28
Options outstanding, November 30, 2023	2,052	$	44.09	4.1	$	19,187
Exercisable, November 30, 2023	1,123	$	42.87	3.4	$	11,870
Vested or expected to vest, November 30, 2023	2,052	$	44.09	4.1	$	19,187

Schedule of Status of Restricted Stock Units

A summary of restricted stock units' activity is as follows (in thousands, except per share data):

	Number of Shares	Weighted Average Fair Value
Restricted stock units outstanding, December 1, 2022	1,051	$	44.80
Granted	859	52.10
Issued	(548)	45.98
Canceled	(55)	47.99
Restricted stock units outstanding, November 30, 2023	1,307	$	49.27

Schedule of Valuation Assumptions

We estimated the fair value of stock options and ESPP awards granted in fiscal years 2023, 2022, and 2021 on the measurement dates using the Black-Scholes option valuation model, and LTIP awards using the Monte Carlo Simulation valuation model, with the following weighted average assumptions:

	Fiscal Year Ended
	November 30, 2023		November 30, 2022		November 30, 2021
Stock options:
Expected volatility	30.6	%	31.0	%	30.0	%
Risk-free interest rate	3.5	%	1.9	%	0.5	%
Expected life (in years)	4.8		4.8		4.8
Expected dividend yield	1.4	%	1.6	%	1.6	%
Employee stock purchase plan:
Expected volatility	26.9	%	31.8	%	33.1	%
Risk-free interest rate	4.9	%	2.4	%	0.1	%
Expected life (in years)	1.2		1.2		1.3
Expected dividend yield	1.3	%	1.5	%	1.5	%
Long-term incentive plan:
Expected volatility	31.4	%	35.1	%	36.3	%
Risk-free interest rate	3.8	%	1.3	%	0.2	%
Expected life (in years)	2.9		2.9		2.8
Expected dividend yield	—	%	—	%	—	%

Schedule of Stock Options and Stock Awards Activity

The following additional activity occurred under our plans (in thousands):

	Fiscal Year Ended
	November 30, 2023		November 30, 2022		November 30, 2021
Total intrinsic value of stock options on date exercised	$	12,171	$	1,717	$	2,523
Total fair value of deferred stock units on date vested	2,260		2,029		2,084
Total fair value of restricted stock units on date vested	33,402		25,597		16,018

Schedule of Classification of Stock-Based Compensation

The following table provides the classification of stock-based compensation as reflected in our consolidated statements of operations (in thousands):

	Fiscal Year Ended
	November 30, 2023		November 30, 2022		November 30, 2021
Cost of maintenance and services	$	2,976	$	1,969	$	1,561
Sales and marketing	6,797		4,884		6,055
Product development	12,214		10,326		8,104
General and administrative	18,542		19,915		14,004
Total stock-based compensation	$	40,529	$	37,094	$	29,724
Income tax benefit included in the provision for income taxes	$	9,355	$	6,344	$	5,281