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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2019
Nov. 30, 2018
[1]
Current assets:    
Cash and cash equivalents $ 124,020 $ 105,126
Short-term investments 21,377 34,387
Total cash, cash equivalents and short-term investments 145,397 139,513
Accounts receivable (less allowances of $674 and $840, respectively) 63,617 59,715
Unbilled receivables and contract assets 7,376 1,421
Other current assets 19,904 25,080
Assets held for sale 0 5,776
Total current assets 236,294 231,505
Long-term unbilled receivables and contract assets 9,987 1,811
Property and equipment, net 31,573 30,714
Intangible assets, net 136,381 58,919
Goodwill 432,598 314,992
Deferred tax assets 10,159 966
Other assets 2,933 5,243
Total assets 859,925 644,150
Current liabilities:    
Current portion of long-term debt, net 8,836 5,819
Accounts payable 6,882 10,593
Accrued compensation and related taxes 24,441 25,500
Dividends payable to shareholders 7,003 6,998
Income taxes payable 3,764 1,228
Other accrued liabilities 20,434 12,686
Short-term deferred revenue 143,972 123,210
Total current liabilities 215,332 186,034
Long-term debt, net 287,622 110,270
Long-term deferred revenue 16,554 12,730
Deferred tax liabilities 89 5,799
Other noncurrent liabilities 7,376 5,315
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value; authorized, 10,000,000 shares; issued, none 0 0
Common stock, $0.01 par value, and additional paid-in capital; authorized, 200,000,000 shares; issued and outstanding, 44,785,586 shares in 2019 and 45,114,935 shares in 2018 289,488 267,053
Retained earnings 76,486 85,125
Accumulated other comprehensive loss (33,022) (28,176)
Total shareholders’ equity 332,952 324,002 [2]
Total liabilities and shareholders’ equity $ 859,925 $ 644,150
[1] The Company adopted the accounting standard related to revenue recognition ("ASC 606") effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Basis of Presentation for further information.
[2] The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Basis of Presentation for further information.