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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Cash flows from operating activities:    
Net income $ 67,291 $ 54,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 4,806 4,690
Amortization of acquired intangibles and other 70,835 71,121
Amortization of debt discount and issuance costs on Notes 2,540 1,621
Stock-based compensation 35,011 30,111
Non-cash lease expense 8,898 6,958
Deferred income taxes (14,840) (18,521)
Credit losses and other sales allowances 329 472
Changes in operating assets and liabilities:    
Accounts receivable 25,407 31,478
Other assets 15,090 14,294
Inventories 0 2,209
Accounts payable and accrued liabilities (6,796) (14,027)
Lease liabilities (8,682) (7,860)
Income taxes payable 1,341 2,362
Deferred revenue, net (9,387) (39,011)
Net cash flows from operating activities 191,843 140,759
Cash flows used in investing activities:    
Purchases of investments 0 (15,262)
Sales and maturities of investments 0 15,700
Purchases of property and equipment (2,328) (3,181)
Payments for acquisitions, net of cash acquired 0 (355,250)
Net cash flows used in investing activities (2,328) (357,993)
Cash flows (used in) from financing activities:    
Proceeds from stock-based compensation plans 17,474 20,373
Payments for taxes related to net share settlements of equity awards (10,627) (8,101)
Repurchases of common stock (86,777) (30,000)
Proceeds from issuance of senior convertible notes, net of issuance costs of $11,200 438,750 0
Purchase of capped calls (42,210) 0
Dividend payments to stockholders (23,814) (23,669)
Proceeds from the issuance of debt 0 195,000
Repayment of revolving line of credit (110,000) (55,000)
Principal payment on term loan (261,250) (5,157)
Payment of credit facility debt issuance costs (6,821) 0
Net cash flows (used in) from financing activities (85,275) 93,446
Effect of exchange rate changes on cash and cash equivalents 1,515 5,510
Net increase (decrease) in cash and cash equivalents 105,755 (118,278)
Cash and cash equivalents, beginning of period 126,958 256,277
Cash and cash equivalents, end of period 232,713 137,999
Supplemental disclosure:    
Cash paid for income taxes, net of refunds of $2,242 in 2024 and $924 in 2023 15,865 14,640
Cash paid for interest 7,961 17,630
Non-cash investing and financing activities:    
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested 29,036 23,077
Dividends declared and unpaid $ 8,423 $ 8,354