Business Combinations (Tables)

12 Months Ended

Nov. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Allocation Of The Purchase Price

The preliminary allocation of the purchase price is as follows:

(in thousands)	Preliminary Purchase Price Allocation		Life
Net working capital	$	892
Property, plant and equipment	54
Purchased technology	119,000		7 years
Trade name	27,000		7 years
Customer relationships	319,000		7 years
Deferred taxes	23,456
Deferred revenue	(96,159)
Goodwill	459,459
Net assets acquired	$	852,702

The allocation of the purchase price is as follows:

(in thousands)	Purchase Price Allocation		Life
Net working capital	$	46,335
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	4,477
Deferred taxes	(24,478)
Deferred revenue	(32,418)
Goodwill	161,770
Net assets acquired	$	388,509

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, 2022.

(in thousands, except per share data)	Pro Forma Fiscal Year Ended November 30, 2024		Pro Forma Fiscal Year Ended November 30, 2023
Revenue	$	978,757	$	907,010
Net income	$	35,678	$	2,457
Net income per basic share	$	0.82	$	0.06
Net income per diluted share	$	0.80	$	0.06

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