Business Combinations (Tables)

12 Months Ended

Nov. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The preliminary allocation of the purchase price is as follows (in thousands):

	Preliminary Purchase Price Allocation		Life
Net working capital	$	27,075
Property, plant and equipment	803
Purchased technology	39,400		5 years
Trade name	7,200		5 years
Customer relationships	75,500		5 years
Other assets	170
Other noncurrent liabilities	(604)
Deferred taxes	(23,187)
Deferred revenue	(29,997)
Goodwill	179,521
Net assets acquired	$	275,881

The allocation of the purchase price is as follows (in thousands):

	Initial Purchase Price Allocation		Measurement Period Adjustments		Final Purchase Price Allocation		Life
Net working capital	$	52,330	$	147	$	52,477
Property, plant and equipment	498		—		498
Purchased technology	38,300		—		38,300		5 years
Trade name	5,700		—		5,700		5 years
Customer relationships	97,300		—		97,300		7 years
Other assets	122		—		122
Other noncurrent liabilities	(841)		—		(841)
Lease liabilities, net	(1,810)		—		(1,810)
Deferred taxes	(7,817)		126		(7,691)
Deferred revenue	(12,525)		—		(12,525)
Goodwill	59,858		(273)		59,585
Net assets acquired	$	231,115	$	—	$	231,115

The following table discloses the net assets acquired in the business combination (in thousands):

	Initial Purchase Price Allocation		Measurement Period Adjustments		Final Purchase Price Allocation		Life
Net working capital	$	6,068	$	651	$	6,719
Property, plant and equipment	4,661		—		4,661
Purchased technology	33,100		—		33,100		5 years
Trade name	9,600		—		9,600		5 years
Customer relationships	66,600		—		66,600		5 years
Other assets	314		(4)		310
Deferred revenue	(12,696)		(29)		(12,725)
Goodwill	117,651		(618)		117,033
Net assets acquired	$	225,298	$	—	$	225,298

Business Acquisition, Pro Forma Information

These results are prepared in accordance with ASC 606.

(In thousands, except per share data)	Pro Forma Fiscal Year Ended November 30, 2021		Pro Forma Fiscal Year Ended November 30, 2020
Revenue	$	590,133	$	490,229
Net income	$	75,612	$	65,360
Net income per basic share	$	1.72	$	1.46
Net income per diluted share	$	1.69	$	1.44

(In thousands, except per share data)	Pro Forma Fiscal Year Ended November 30, 2020
Revenue	$	497,700
Net income	$	61,952
Net income per basic share	$	1.38
Net income per diluted share	$	1.37