|
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
May 31, 2014
|
May 31, 2013
|
May 31, 2014
|
May 31, 2013
|
|
| Revenue: | ||||
| Software licenses | $ 27,988 | $ 29,347 | $ 50,252 | $ 59,254 |
| Maintenance and services | 52,839 | 52,358 | 105,113 | 106,184 |
| Total revenue | 80,827 | 81,705 | 155,365 | 165,438 |
| Costs of revenue: | ||||
| Cost of software licenses | 1,139 | 1,356 | 3,146 | 3,446 |
| Cost of maintenance and services | 5,709 | 6,990 | 11,054 | 14,640 |
| Amortization of acquired intangibles | 530 | 143 | 1,059 | 282 |
| Total costs of revenue | 7,378 | 8,489 | 15,259 | 18,368 |
| Gross profit | 73,449 | 73,216 | 140,106 | 147,070 |
| Operating expenses: | ||||
| Sales and marketing | 24,359 | 25,890 | 48,868 | 54,532 |
| Product development | 15,480 | 14,671 | 30,593 | 28,293 |
| General and administrative | 11,428 | 14,064 | 23,155 | 28,730 |
| Amortization of acquired intangibles | 148 | 167 | 312 | 338 |
| Restructuring expenses | 124 | 2,766 | 320 | 3,726 |
| Acquisition-related expenses | 1,630 | 1,272 | 2,576 | 1,272 |
| Total operating expenses | 53,169 | 58,830 | 105,824 | 116,891 |
| Income from operations | 20,280 | 14,386 | 34,282 | 30,179 |
| Other income (expense): | ||||
| Interest income and other | 596 | 244 | 1,109 | 775 |
| Foreign currency loss, net | (725) | (536) | (1,232) | (1,615) |
| Total other income (expense), net | (129) | (292) | (123) | (840) |
| Income from continuing operations before income taxes | 20,151 | 14,094 | 34,159 | 29,339 |
| Provision for income taxes | 7,352 | 5,952 | 10,260 | 11,384 |
| Income from continuing operations | 12,799 | 8,142 | 23,899 | 17,955 |
| Income (loss) from discontinued operations, net | 0 | (4,232) | 0 | 17,073 |
| Net income | $ 12,799 | $ 3,910 | $ 23,899 | $ 35,028 |
| Basic: | ||||
| Continuing operations (in dollars per share) | $ 0.25 | $ 0.15 | $ 0.47 | $ 0.32 |
| Discontinued operations (in dollars per share) | $ 0.00 | $ (0.08) | $ 0.00 | $ 0.30 |
| Net income per share (in dollars per share) | $ 0.25 | $ 0.07 | $ 0.47 | $ 0.62 |
| Diluted: | ||||
| Continuing operations (in dollars per share) | $ 0.25 | $ 0.15 | $ 0.46 | $ 0.31 |
| Discontinued operations (in dollars per share) | $ 0.00 | $ (0.08) | $ 0.00 | $ 0.30 |
| Net income per share (in dollars per share) | $ 0.25 | $ 0.07 | $ 0.46 | $ 0.61 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 51,049 | 54,919 | 51,271 | 56,410 |
| Diluted (in shares) | 51,673 | 55,736 | 51,919 | 57,244 |