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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2025
May 31, 2024
Cash flows from operating activities:    
Net income $ 27,975 $ 38,827
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 3,217 3,171
Amortization of acquired intangibles and other 73,532 50,367
Amortization of debt discount and issuance costs 2,028 1,535
Stock-based compensation 31,424 24,453
Non-cash lease expense 5,878 6,532
Deferred income taxes (6,131) (6,404)
Credit losses and other sales allowances 1,991 387
Changes in operating assets and liabilities:    
Accounts receivable 23,635 34,171
Other assets 3,656 10,421
Accounts payable and accrued liabilities (38,869) (21,484)
Lease liabilities (6,988) (5,734)
Income taxes payable (1,020) (389)
Deferred revenue, net (21,385) (1,668)
Net cash flows from operating activities 98,943 134,185
Net cash flows used in investing activities:    
Purchases of property and equipment (1,785) (1,264)
Payments for acquisitions (1,195) 0
Net cash flows used in investing activities (2,980) (1,264)
Net cash flows used in financing activities:    
Proceeds from equity plans 12,760 12,896
Payments for taxes related to net share settlements of equity awards (10,101) (10,592)
Repurchases of common stock, including excise tax (50,108) (72,449)
Proceeds from issuance of senior convertible notes, net of issuance costs of $11,200 0 438,750
Purchase of capped calls 0 (42,210)
Dividend equivalent and dividend payments to stockholders (654) (16,122)
Repayment of revolving line of credit (70,000) (110,000)
Principal payment on term loan 0 (261,250)
Payment of credit facility debt issuance costs 0 (6,821)
Net cash flows used in financing activities (118,103) (67,798)
Effect of exchange rate changes on cash and cash equivalents 6,069 (1,661)
Net (decrease) increase in cash and cash equivalents (16,071) 63,462
Cash and cash equivalents, beginning of period 118,077 126,958
Cash and cash equivalents, end of period 102,006 190,420
Supplemental disclosure:    
Cash paid for income taxes, net of refunds of $1,101 in 2025 and $1,028 in 2024 6,740 6,346
Cash paid for interest 33,387 7,961
Non-cash investing and financing activities:    
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested 30,075 28,987
Dividends declared and unpaid $ 0 $ 8,351