Business Combinations (Tables)

6 Months Ended

May 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Allocation of the Purchase Price

The preliminary allocation of the purchase price, including the measurement period adjustments, is as follows:

(in thousands)	Initial Purchase Price Allocation		Measurement Period Adjustments		Adjusted Purchase Price Allocation		Life
Net working capital	$	892	$	940	$	1,832
Property, plant and equipment	54		—		54
Purchased technology	119,000		—		119,000		7 years
Trade name	27,000		—		27,000		7 years
Customer relationships	319,000		(1,000)		318,000		7 years
Deferred taxes	23,456		(377)		23,079
Deferred revenue	(96,159)		—		(96,159)
Goodwill	459,459		1,632		461,091
Net assets acquired	$	852,702	$	1,195	$	853,897

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 Three Months Ended May 31, 2024
Revenue	$	236,565
Net income	$	7,276
Net income per basic share	$	0.17
Net income per diluted share	$	0.17

(in thousands, except per share data)	Pro Forma Six Months Ended May 31, 2024
Revenue	$	481,160
Net income	$	19,804
Net income per basic share	$	0.46
Net income per diluted share	$	0.45