| Balance Sheet Components |
BALANCE SHEET COMPONENTS: | | | | | | | | | | As of | | May 31, 2013 | | November 30, 2012 | Short-term investments: | | | | Trading securities | $ | 4,196 |
| | $ | 5,709 |
| Available-for-sale securities | 45 |
| | 44 |
| Held-to-maturity securities | 8,557 |
| | 8,297 |
| Cost method investments | 1,744 |
| | 1,883 |
| | $ | 14,542 |
| | $ | 15,933 |
|
| | | | | | | | | | As of | | May 31, 2013 | | November 30, 2012 | Accounts receivable, net: | | | | Accounts receivable | $ | 1,278,954 |
| | $ | 1,461,796 |
| Less: Allowance for doubtful accounts | (19,247 | ) | | (18,229 | ) | Less: Allowance for sales returns | (36,495 | ) | | (42,480 | ) | | $ | 1,223,212 |
| | $ | 1,401,087 |
|
| | | | | | | | | | As of | | May 31, 2013 | | November 30, 2012 | Property and equipment, net: | | | | Land | $ | 19,320 |
| | $ | 18,699 |
| Equipment and computers | 101,947 |
| | 101,994 |
| Furniture and fixtures | 20,569 |
| | 21,373 |
| Buildings and leasehold improvements | 103,154 |
| | 101,848 |
| Construction in progress | 1,729 |
| | 1,804 |
| Total property and equipment, gross | 246,719 |
| | 245,718 |
| Less: Accumulated depreciation | (126,021 | ) | | (122,795 | ) | | $ | 120,698 |
| | $ | 122,923 |
|
Goodwill: | | | | | | | | | | | | | | Distribution | | GBS | | Total | Balance as of November 30, 2012 | $ | 105,860 |
| | $ | 83,228 |
| | $ | 189,088 |
| Additions from acquisitions, net of adjustments | 6,088 |
| | 123 |
| | 6,211 |
| Foreign exchange translation | (5,026 | ) | | (1,229 | ) | | (6,255 | ) | Balance as of May 31, 2013 | $ | 106,922 |
| | $ | 82,122 |
| | $ | 189,044 |
|
The additions to "Goodwill" recorded during the six months ended May 31, 2013 relate primarily to the acquisition of Supercom Canada in the distribution segment and adjustments for the purchase price allocation for a prior period acquisition in the GBS segment. Intangible assets, net: | | | | | | | | | | | | | | | | | | | | | | | | | | As of May 31, 2013 | | As of November 30, 2012 | | Gross
Amounts | | Accumulated
Amortization | | Net
Amounts | | Gross
Amounts | | Accumulated
Amortization | | Net
Amounts | Vendor lists | $ | 36,940 |
| | $ | (29,473 | ) | | $ | 7,467 |
| | $ | 36,945 |
| | $ | (28,684 | ) | | $ | 8,261 |
| Customer lists | 51,883 |
| | (32,362 | ) | | 19,521 |
| | 50,406 |
| | (30,360 | ) | | 20,046 |
| Other intangible assets | 4,888 |
| | (4,361 | ) | | 527 |
| | 4,962 |
| | (4,220 | ) | | 742 |
| | $ | 93,711 |
| | $ | (66,196 | ) | | $ | 27,515 |
| | $ | 92,313 |
| | $ | (63,264 | ) | | $ | 29,049 |
|
Amortization expenses were $1,971 and $3,924 for the three and six months ended May 31, 2013, respectively, and $2,071 and $4,146 for the three and six months ended May 31, 2012, respectively.
|