Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
May. 31, 2015 |
May. 31, 2014 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 4,798
|
$ 23,899
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization of property and equipment |
4,999
|
4,887
|
| Amortization of intangibles and other |
16,496
|
2,160
|
| Stock-based compensation |
12,275
|
11,254
|
| Loss on disposal of property |
14
|
33
|
| Asset impairment |
3,947
|
0
|
| Deferred income taxes |
(28,966)
|
294
|
| Excess tax benefit from stock plans |
(710)
|
(160)
|
| Allowances for accounts receivable |
307
|
208
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
15,226
|
8,914
|
| Other assets |
2,114
|
6,815
|
| Accounts payable and accrued liabilities |
(3,702)
|
(19,061)
|
| Income taxes payable |
1,340
|
410
|
| Deferred revenue |
29,793
|
2,887
|
| Net cash flows from operating activities |
57,931
|
42,540
|
| Cash flows used in investing activities: |
|
|
| Purchases of investments |
(19,266)
|
(1,900)
|
| Sales and maturities of investments |
5,941
|
9,435
|
| Purchases of property and equipment |
(4,405)
|
(6,099)
|
| Capitalized software development costs |
(1,383)
|
(1,938)
|
| Payments for acquisitions, net of cash acquired |
(246,275)
|
(12,493)
|
| Proceeds from divestitures, net |
4,500
|
3,300
|
| Decrease in other noncurrent assets |
0
|
104
|
| Net cash flows used in investing activities |
(260,888)
|
(9,591)
|
| Cash flows from (used in) financing activities: |
|
|
| Proceeds from stock-based compensation plans |
6,356
|
6,904
|
| Purchases of common stock related to withholding taxes from the issuance of restricted stock units |
(2,851)
|
(3,141)
|
| Repurchases of common stock |
(32,868)
|
(34,999)
|
| Excess tax benefit from stock plans |
710
|
160
|
| Payment of contingent consideration |
0
|
(210)
|
| Proceeds from the issuance of debt |
150,000
|
0
|
| Payment of long-term debt |
(3,750)
|
0
|
| Payment of issuance costs for long-term debt |
(1,707)
|
0
|
| Net cash flows from (used in) financing activities |
115,890
|
(31,286)
|
| Effect of exchange rate changes on cash |
(9,995)
|
1,490
|
| Net (decrease) increase in cash and cash equivalents |
(97,062)
|
3,153
|
| Cash and cash equivalents, beginning of period |
263,082
|
198,818
|
| Cash and cash equivalents, end of period |
166,020
|
201,971
|
| Supplemental disclosure: |
|
|
| Cash paid for income taxes, net of refunds of $1,335 in 2015 and $153 in 2014 |
3,850
|
3,831
|
| Cash paid for interest |
1,427
|
0
|
| Non-cash financing activities: |
|
|
| Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested |
$ 9,942
|
$ 10,494
|