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Basis of Presentation (Tables)
 9 Months Ended
Aug. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Contract with Customer, Asset and Liability
As of August 31, 2019, the changes in deferred revenue were as follows (in thousands):
Balance, December 1, 2018 As Adjusted(1)
$
135,940

Billings and other
320,846

Revenue recognized
(296,260
)
Balance, August 31, 2019
$
160,526

(1)The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method.

As of August 31, 2019, invoicing of our long-term unbilled receivables is expected to occur as follows (in thousands):
2020
$
1,001

2021
8,234

2022
752

Total
$
9,987
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The impact of the adoption of this standard on our previously reported consolidated balance sheet and consolidated statements of operations is as follows:

Consolidated Balance Sheet
 
November 30, 2018
(in thousands)
As Reported
 
Adjustments
 
As Adjusted
Assets
 
 
 
 
 
Accounts receivable, net
$
58,450

 
$
1,265

 
$
59,715

Short-term unbilled receivables
—

 
1,421

 
1,421

Long-term unbilled receivables
—

 
1,811

 
1,811

Deferred tax assets
1,922

 
(956
)
 
966

Other assets(1)
580,237

 
—

 
580,237

Total assets
$
640,609

 
$
3,541

 
$
644,150

Liabilities and shareholders’ equity
 
 
 
 
 
Short-term deferred revenue
133,194

 
(9,984
)
 
123,210

Long-term deferred revenue
15,127

 
(2,397
)
 
12,730

Deferred tax liabilities
3,797

 
2,002

 
5,799

Other liabilities(2)
178,409

 
—

 
178,409

Retained earnings
71,242

 
13,883

 
85,125

Accumulated other comprehensive loss
(28,213
)
 
37

 
(28,176
)
Other equity(3)
267,053

 
—

 
267,053

Total liabilities and shareholders’ equity
$
640,609

 
$
3,541

 
$
644,150

(1)Includes cash and cash equivalents, short-term investments, other current assets, assets held for sale, property and equipment, net, intangible assets, net, goodwill, and other assets.
(2)Includes current portion of long-term debt, net, accounts payable, accrued compensation and related taxes, dividends payable, income taxes payable, other accrued liabilities, long-term debt, net, and other noncurrent liabilities.
(3)Includes common stock and additional paid-in capital.

Consolidated Statements of Income

 
August 31, 2018
 
Three Months Ended
 
Nine Months Ended
(In thousands, except per share data)
As Reported
 
Adjustments
 
As Adjusted
 
As Reported
 
Adjustments
 
As Adjusted
Revenue:
 
 
 
 
 
 
 
 
 
 
 
Software licenses
$
27,204

 
$
(4,352
)
 
$
22,852

 
$
78,986

 
$
(7,554
)
 
$
71,432

Maintenance and services
68,479

 
1,272

 
69,751

 
206,846

 
2,599

 
209,445

Total revenue
95,683

 
(3,080
)
 
92,603

 
285,832

 
(4,955
)
 
280,877

Costs of revenue
16,696

 
—

 
16,696

 
50,242

 
—

 
50,242

Gross Profit
78,987

 
(3,080
)
 
75,907

 
235,590

 
(4,955
)
 
230,635

Operating expenses
56,804

 
—

 
56,804

 
173,851

 
—

 
173,851

Income from operations
22,183

 
(3,080
)
 
19,103

 
61,739

 
(4,955
)
 
56,784

Other expense, net
(1,961
)
 
—

 
(1,961
)
 
(4,830
)
 
—

 
(4,830
)
Income before income taxes
20,222

 
(3,080
)
 
17,142

 
56,909

 
(4,955
)
 
51,954

Provision for income taxes
3,476

 
(724
)
 
2,752

 
11,848

 
(920
)
 
10,928

Net income
$
16,746

 
$
(2,356
)
 
$
14,390

 
$
45,061

 
$
(4,035
)
 
$
41,026

Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.37

 
$
(0.05
)
 
$
0.32

 
$
0.99

 
$
(0.09
)
 
$
0.90

Diluted
$
0.37

 
$
(0.05
)
 
$
0.32

 
$
0.97

 
$
(0.09
)
 
$
0.88

Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
Basic
45,130

 
—

 
45,130

 
45,730

 
—

 
45,730

Diluted
45,576

 
—

 
45,576

 
46,380

 
—

 
46,380