Income Taxes (Tables)

12 Months Ended

Nov. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Pretax Income

The components of income before income taxes are as follows (in thousands):

	Fiscal Year Ended
	November 30, 2023		November 30, 2022		November 30, 2021
U.S.	$	70,659	$	103,917	$	80,508
Foreign	8,998		13,338		15,026
Total	$	79,657	$	117,255	$	95,534

Schedule of Provisions for Income Taxes

The provision for income taxes is comprised of the following (in thousands):

	Fiscal Year Ended
	November 30, 2023		November 30, 2022		November 30, 2021
Current:
Federal	$	28,905	$	20,118	$	11,964
State	4,373		5,039		2,602
Foreign	4,823		4,631		3,456
Total current	38,101		29,788		18,022
Deferred
Federal	(22,763)		(4,683)		366
State	(1,592)		(1,537)		(1,110)
Foreign	(4,286)		(1,382)		(164)
Total deferred	(28,641)		(7,602)		(908)
Total	$	9,460	$	22,186	$	17,114

Schedule of Reconciliation of U.S. Federal Statutory Rate To Effective Tax Rate

A reconciliation of the income taxes incurred at the U.S. Federal statutory rate compared to the effective tax rate is as follows (in thousands):

	Fiscal Year Ended
	November 30, 2023		November 30, 2022		November 30, 2021
Tax at U.S. Federal statutory rate	$	16,728	$	24,624	$	20,062
Foreign rate differences	(644)		475		193
Effects of foreign operations included in U.S. Federal provision	447		401		(112)
State income taxes, net	1,814		2,424		1,215
Research credits	(894)		(1,268)		(410)
Nondeductible stock-based compensation	2,498		2,725		1,548
Meals and entertainment	162		185		61
Compensation subject to 162(m)	928		878		346
Uncertain tax positions and tax settlements	(1,056)		(163)		89
Net excess tax benefit from stock-based compensation plans	(2,058)		(266)		(11)
Global intangible low tax inclusion	244		17		606
Foreign derived intangible deduction	(8,297)		(7,769)		(6,386)
Other	(412)		(77)		(87)
Total	$	9,460	$	22,186	$	17,114

Schedule of Deferred Taxes

The components of deferred tax assets and liabilities are as follows (in thousands):

	November 30, 2023		November 30, 2022
Deferred tax assets:
Accounts receivable	$	174	$	191
Accrued compensation	5,101		3,884
Accrued liabilities and other	2,511		1,352
Deferred revenue	20,204		12,461
Stock-based compensation	9,459		8,030
Original issue discount	5,135		7,169
Tax credit and loss carryforwards	34,948		27,809
Operating lease liabilities	3,208		4,082
Capitalized research and development	20,814		—
Gross deferred tax assets	101,554		64,978
Valuation allowance	(2,381)		(6,275)
Total deferred tax assets	99,173		58,703
Deferred tax liabilities:
Goodwill	(25,454)		(23,745)
Right-of-use lease assets	(2,196)		(2,938)
Depreciation and amortization	(55,962)		(20,875)
Prepaid expenses	(4,083)		(4,008)
Total deferred tax liabilities	(87,695)		(51,566)
Total	$	11,478	$	7,137

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the balance of our unrecognized tax benefits is as follows (in thousands):

	Fiscal Year Ended
	November 30, 2023		November 30, 2022		November 30, 2021
Balance, beginning of year	$	5,276	$	5,471	$	6,219
Tax positions related to current period	—		—		71
Tax positions related to a prior period	19		—		(820)
Tax positions acquired	423		—		439
Settlements with tax authorities	(367)		(45)		(168)
Lapses due to expiration of the statute of limitations	(179)		(150)		(270)
Balance, end of year	$	5,172	$	5,276	$	5,471