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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Revenue:        
Total revenue $ 96,102 $ 93,213 $ 190,149 $ 184,183
Costs of revenue:        
Amortization of acquired intangibles 5,899 4,683 11,717 8,361
Total costs of revenue 16,643 17,367 33,546 33,125
Gross profit 79,459 75,846 156,603 151,058
Operating expenses:        
Sales and marketing 21,658 21,236 43,086 46,957
Product development 19,822 18,791 40,067 36,125
General and administrative 12,190 11,606 23,452 22,174
Amortization of acquired intangibles 3,318 3,223 6,637 6,402
Fees related to shareholder activist 214 0 1,472 0
Restructuring expense 426 662 2,247 17,801
Acquisition-related expenses 43 44 86 93
Total operating expenses 57,671 55,562 117,047 129,552
Income from operations 21,788 20,284 39,556 21,506
Other (expense) income, net:        
Interest expense (1,272) (1,152) (2,437) (2,234)
Interest income and other, net 231 257 639 478
Foreign currency (loss) gain, net (243) (657) (1,071) (1,143)
Total other (expense) income, net (1,284) (1,552) (2,869) (2,899)
Income before income taxes 20,504 18,732 36,687 18,607
Provision for income taxes 5,101 8,391 8,372 8,791
Net income $ 15,403 $ 10,341 $ 28,315 $ 9,816
Earnings per share:        
Basic (in dollars per share) $ 0.34 $ 0.21 $ 0.62 $ 0.20
Diluted (in dollars per share) $ 0.33 $ 0.21 $ 0.61 $ 0.20
Weighted average shares outstanding:        
Basic (in shares) 45,531 48,221 46,030 48,477
Diluted (in shares) 46,087 48,490 46,781 48,762
Cash dividends declared per common share (in dollars per share) $ 0.14 $ 0.125 $ 0.28 $ 0.25
Software licenses        
Revenue:        
Total revenue $ 26,439 $ 25,592 $ 51,782 $ 49,914
Costs of revenue:        
Cost of maintenance and services 1,233 1,422 2,494 3,010
Maintenance and services        
Revenue:        
Total revenue 69,663 67,621 138,367 134,269
Costs of revenue:        
Cost of maintenance and services $ 9,511 $ 11,262 $ 19,335 $ 21,754