|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands
|
6 Months Ended |
|
May 31, 2011
|
May 31, 2010
|
| Cash flows from operating activities: |
 |
 |
| Net income |
$ 38,481 |
$ 18,052 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
 |
 |
| Depreciation and amortization of property and equipment |
4,395 |
5,738 |
| Amortization of acquired intangible assets |
12,161 |
15,483 |
| Stock-based compensation |
9,287 |
9,003 |
| Deferred income taxes |
224 |
1,151 |
| Tax benefit from stock plans |
5,434 |
4,802 |
| Excess tax benefit from stock plans |
(4,210) |
(3,145) |
| Changes in operating assets and liabilities, net of effects from acquisitions: |
 |
 |
| Accounts receivable |
32,291 |
9,381 |
| Other current assets |
2,315 |
(3,761) |
| Accounts payable and accrued liabilities |
(23,720) |
1,868 |
| Income taxes payable |
5,755 |
(11,939) |
| Deferred revenue |
6,630 |
4,285 |
| Net cash provided by operating activities |
89,043 |
50,918 |
| Cash flows from investing activities: |
 |
 |
| Purchases of investments available for sale |
(64,525) |
(13,808) |
| Sales and maturities of investments available for sale |
21,827 |
21,066 |
| Redemptions at par by issuers of auction rate securities |
6,200 |
8,725 |
| Purchases of property and equipment |
(8,494) |
(4,076) |
| Acquisitions |
 |
(49,177) |
| Decrease (increase) in other non-current assets |
(888) |
236 |
| Net cash used for investing activities |
(45,880) |
(37,034) |
| Cash flows from financing activities: |
 |
 |
| Issuance of common stock |
35,797 |
62,996 |
| Withholding tax payments related to net issuance of restricted stock units |
(1,505) |
 |
| Excess tax benefit from stock plans |
4,210 |
3,145 |
| Payment of long-term debt |
(190) |
(173) |
| Repurchase of common stock |
(64,899) |
(11,536) |
| Net cash provided by (used for) financing activities |
(26,587) |
54,432 |
| Effect of exchange rate changes on cash |
7,307 |
(16,461) |
| Net increase in cash and equivalents |
23,883 |
51,855 |
| Cash and equivalents, beginning of period |
286,559 |
175,873 |
| Cash and equivalents, end of period |
$ 310,442 |
$ 227,728 |