XML 43 R26.htm IDEA: XBRL DOCUMENT v3.24.4
Restructuring
12 Months Ended
Nov. 30, 2024
Restructuring Charges [Abstract]  
Restructuring Restructuring
The following table provides a summary of activity for all of the restructuring actions, with material actions detailed further below:

(in thousands)Excess Facilities and Other CostsEmployee Severance and Related BenefitsTotal
Balance, December 1, 2021$4,483 $1,889 $6,372 
Costs incurred414 465 879 
Cash disbursements(1,027)(2,321)(3,348)
Translation adjustments and other— (3)(3)
Balance, November 30, 2022$3,870 $30 $3,900 
Costs incurred1,117 7,290 8,407 
Cash disbursements(1,690)(5,413)(7,103)
Translation adjustments and other— (17)(17)
Balance, November 30, 2023$3,297 $1,890 $5,187 
Costs incurred3,810 6,644 10,454 
Cash disbursements(2,768)(2,833)(5,601)
Translation adjustments and other— (6)(6)
Balance, November 30, 2024$4,339 $5,695 $10,034 

2024 Restructurings

During the fourth quarter of fiscal year 2024, we restructured our operations in connection with the acquisition of ShareFile and to streamline our organization to better align with our strategy. This restructuring resulted in a reduction in redundant positions and occurred within all functions and across most geographies in which we operate. Restructuring expenses are related to employee costs, including severance, health benefits and outplacement services. For the fiscal year ended November 30, 2024, we incurred expenses of $5.7 million.

Cash disbursements for expenses incurred to date under this restructuring are expected to be made through the fourth quarter of fiscal year 2025. Accordingly, the balance of the restructuring reserve is included in other accrued liabilities on the consolidated balance sheets at November 30, 2024. We expect to incur additional expenses as part of this action during fiscal year 2025, but we do not expect these costs to be material.

A summary of activity for this restructuring action is as follows:

(in thousands)Excess Facilities and Other CostsEmployee Severance and Related BenefitsTotal
Balance, December 1, 2023$— $— $— 
Costs incurred— 5,717 5,717 
Cash disbursements— (509)(509)
Translation adjustments and other— (2)(2)
Balance, November 30, 2024$— $5,206 $5,206 

2023 Restructurings

During the fourth quarter of fiscal year 2023, we restructured our operations to realign our business and strategic priorities. In connection with this restructuring, we reduced our global workforce by 2%. These workforce reductions occurred within all functions and across most geographies in which we operate. Restructuring expenses are related to employee costs, including severance, health benefits and outplacement services (but excluding stock-based compensation). For the fiscal years ended November 30, 2024 and 2023, we incurred expenses of $0.9 million and $1.7 million, respectively.

Cash disbursements for expenses incurred to date under this restructuring are expected to be made through fiscal year 2025. The restructuring reserve is included in other accrued liabilities on the consolidated balance sheets as of November 30, 2024. We do not expect to incur additional material expenses in connection with this restructuring.
During the first quarter of fiscal year 2023, we restructured our operations in connection with the acquisition of MarkLogic. This restructuring resulted in a reduction in redundant positions, primarily within administrative functions of MarkLogic. Additionally, in 2024, we terminated MarkLogic leases. For the fiscal years ended November 30, 2024 and 2023, we incurred expenses of $2.9 million and $5.7 million, respectively.

Cash disbursements for expenses incurred to date under this restructuring are expected to be made through fiscal year 2027. Accordingly, the balance of the restructuring reserve is included in short-term and long-term operating lease liabilities on the consolidated balance sheets at November 30, 2024. We expect to incur additional expenses as part of this action related to facility closures as we consolidate offices during fiscal year 2025.

2020 Restructurings

During the fourth quarter of fiscal year 2020, we restructured our operations in connection with the acquisition of Chef. This restructuring resulted in a reduction in redundant positions, primarily within the administrative functions of Chef. For the fiscal years ended November 30, 2024, 2023 and 2022, we incurred expenses of $0.9 million, $0.9 million and $0.4 million, respectively.

Cash disbursements for expenses incurred to date under this restructuring are expected to be made through fiscal year 2027. Accordingly, the balance of the restructuring reserve is included in short-term and long-term operating lease liabilities on the consolidated balance sheets at November 30, 2024. We expect to incur additional expenses as part of this action related to facility closures as we consolidate offices in various locations during fiscal year 2025, but we do not expect these costs to be material.