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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Feb. 28, 2018	Mar. 28, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	PROGRESS SOFTWARE CORP /MA
Entity Central Index Key	0000876167
Document Type	10-Q
Document Period End Date	Feb. 28, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		45,232,011

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017
Current assets:
Cash and cash equivalents	$ 117,111	$ 133,464
Short-term investments	50,386	50,145
Total cash, cash equivalents and short-term investments	167,497	183,609
Accounts receivable (less allowances of $785 and $676, respectively)	53,843	61,210
Other current assets	16,312	18,588
Total current assets	237,652	263,407
Property and equipment, net	41,761	42,261
Intangible assets, net	85,757	94,894
Goodwill	315,106	315,041
Deferred tax assets	948	1,123
Other assets	1,916	1,992
Total assets	683,140	718,718
Current liabilities:
Current portion of long-term debt	5,819	5,819
Accounts payable	8,913	9,000
Accrued compensation and related taxes	17,406	32,373
Dividends payable to shareholders	6,482	6,619
Income taxes payable	1,042	1,173
Other accrued liabilities	18,797	20,496
Short-term deferred revenue	144,573	132,538
Total current liabilities	203,032	208,018
Long-term debt	114,635	116,090
Long-term deferred revenue	9,655	9,750
Deferred tax liabilities	2,163	2,809
Other noncurrent liabilities	6,003	5,967
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.01 par value; authorized, 10,000,000 shares; issued, none	0	0
Common stock, $0.01 par value, and additional paid-in capital; authorized, 200,000,000 shares; issued and outstanding, 46,297,792 shares in 2018 and 47,281,035 shares in 2017	255,047	249,836
Retained earnings	107,800	145,247
Accumulated other comprehensive loss	(15,195)	(18,999)
Total shareholders’ equity	347,652	376,084
Total liabilities and shareholders’ equity	$ 683,140	$ 718,718

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017
Assets
Allowance for accounts receivable (in dollars)	$ 785	$ 676
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	46,297,792	47,281,035
Common stock, shares outstanding	46,297,792	47,281,035

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Revenue:
Software licenses	$ 25,343	$ 24,322
Maintenance and services	68,704	66,648
Total revenue	94,047	90,970
Costs of revenue:
Cost of software licenses	1,261	1,588
Cost of maintenance and services	9,824	10,492
Amortization of acquired intangibles	5,818	3,678
Total costs of revenue	16,903	15,758
Gross profit	77,144	75,212
Operating expenses:
Sales and marketing	21,428	25,721
Product development	20,245	17,334
General and administrative	11,262	10,568
Amortization of acquired intangibles	3,319	3,179
Fees related to shareholder activist	1,258	0
Restructuring expenses	1,821	17,139
Acquisition-related expenses	43	49
Total operating expenses	59,376	73,990
Income from operations	17,768	1,222
Other (expense) income:
Interest expense	(1,165)	(1,082)
Interest income and other, net	408	221
Foreign currency (loss) gain, net	(828)	(486)
Total other (expense) income, net	(1,585)	(1,347)
Income (loss) before income taxes	16,183	(125)
Provision for income taxes	3,271	400
Net income (loss)	$ 12,912	$ (525)
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.28	$ (0.01)
Diluted (in dollars per share)	$ 0.27	$ (0.01)
Weighted average shares outstanding:
Basic (in shares)	46,529	48,733
Diluted (in shares)	47,476	48,733
Cash dividends declared per common share (in dollars per share)	$ 0.14	$ 0.125

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 12,912	$ (525)
Other comprehensive income, net of tax:
Foreign currency translation adjustments	3,831	1,228
Unrealized (loss) gain on investments, net of tax provision of $39 and $40 for 2018 and 2017, respectively	(27)	71
Total other comprehensive income, net of tax	3,804	1,299
Comprehensive income	$ 16,716	$ 774

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Statement of Comprehensive Income [Abstract]
Tax provision (benefit) included in accumulated unrealized gains on investments	$ 39	$ 40

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Cash flows from operating activities:
Net income (loss)	$ 12,912	$ (525)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization of property and equipment	1,682	1,978
Amortization of intangibles and other	9,620	7,382
Stock-based compensation	4,570	1,630
Loss on disposal of property	135	0
Deferred income taxes	(406)	4,268
Excess tax benefit from stock plans	0	(183)
Allowances for accounts receivable	137	40
Changes in operating assets and liabilities:
Accounts receivable	8,329	16,937
Other assets	2,382	(2,278)
Accounts payable and accrued liabilities	(17,830)	(989)
Income taxes payable	(290)	55
Deferred revenue	10,354	8,985
Net cash flows from operating activities	31,595	37,300
Cash flows (used in) from investing activities:
Purchases of investments	(7,374)	(854)
Sales and maturities of investments	6,816	6,155
Purchases of property and equipment	(1,386)	(383)
Net cash flows (used in) from investing activities	(1,944)	4,918
Cash flows used in financing activities:
Proceeds from stock-based compensation plans	2,469	2,770
Payments for taxes related to net share settlements of equity awards	0	(1,306)
Repurchases of common stock	(45,000)	(15,190)
Excess tax benefit from stock plans	0	183
Dividend payments to shareholders	(6,619)	(6,072)
Payment of long-term debt	(1,547)	(3,750)
Net cash flows used in financing activities	(50,697)	(23,365)
Effect of exchange rate changes on cash	4,693	1,018
Net (decrease) increase in cash and cash equivalents	(16,353)	19,871
Cash and cash equivalents, beginning of period	133,464	207,036
Cash and cash equivalents, end of period	117,111	226,907
Supplemental disclosure:
Cash paid (refunded) for income taxes, net of refunds of $307 in 2018 and $2,121 in 2017	1,614	(209)
Cash paid for interest	942	844
Non-cash financing activities:
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested	43	9,393
Unsettled repurchases of common stock	0	2,894
Dividends declared	$ 6,482	$ 6,037

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Statement of Cash Flows [Abstract]
Proceeds from income tax refunds	$ 307	$ 2,121

Basis of Presentation

3 Months Ended

Feb. 28, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Company Overview - Progress Software Corporation (the "Company," "we," "us," or "our") offers the leading platform for developing and deploying mission-critical business applications. Progress empowers enterprises and independent software vendors ("ISVs") to build and deliver cognitive-first applications that harness big data to derive business insights and competitive advantage. Progress offers leading technologies for easily building powerful user interfaces across any type of device, a reliable, scalable and secure backend platform to deploy modern applications, leading data connectivity to all sources, and award-winning predictive analytics that brings the power of machine learning to any organization. Over 1,700 ISVs, 100,000 enterprise customers, and 2 million developers rely on Progress to power their applications.

Our products are generally sold as perpetual licenses, but certain products also use term licensing models and our cloud-based offerings use a subscription based model. More than half of our worldwide license revenue is realized through relationships with indirect channel partners, principally application partners and original equipment manufacturers ("OEMs"). Application partners are ISVs that develop and market applications using our technology and resell our products in conjunction with sales of their own products that incorporate our technology. OEMs are companies that embed our products into their own software products or devices.

We operate in North America and Latin America (the "Americas"); Europe, the Middle East and Africa ("EMEA"); and the Asia Pacific region, through local subsidiaries as well as independent distributors.

Basis of Presentation and Significant Accounting Policies - We prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America ("GAAP") for complete financial statements and these unaudited financial statements should be read in conjunction with the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended November 30, 2017, as amended ("Annual Report on Form 10-K for the fiscal year ended November 30, 2017").

We made no material changes in the application of our significant accounting policies that were disclosed in our Annual Report on Form 10-K for the fiscal year ended November 30, 2017. We have prepared the accompanying unaudited condensed consolidated financial statements on the same basis as the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended November 30, 2017, and these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of the interim periods presented. The operating results for the interim periods presented are not necessarily indicative of the results expected for the full fiscal year.

Recent Accounting Pronouncements - In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220), Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"). ASU 2018-02 gives entities the option to reclassify the disproportionate income tax effects ("stranded tax effects") caused by the newly-enacted US Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. The update also requires new disclosures, some of which are applicable for all entities. The guidance in ASU 2018-02 is effective for annual reporting periods beginning after December 15, 2018, with early adoption permitted. We are currently considering whether to adopt the optional reclassification of the stranded tax effects and evaluating the effect that implementation of this update will have upon adoption on our consolidated financial position and results of operations.

In August 2017, the FASB issued Accounting Standards Update No. 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities ("ASU 2017-12"). ASU 2017-12 intends to better align an entity's risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The guidance in ASU 2017-12 is required for annual reporting periods beginning after December 15, 2018, with early adoption permitted. We are currently evaluating the effect that implementation of this update will have upon adoption on our consolidated financial position and results of operations.

In May 2017, the FASB issued Accounting Standards Update No. 2017-09, Compensation - Stock Compensation (Topic 718), Scope of Modification Accounting ("ASU 2017-09"), which amends the scope of modification accounting for share-based payment awards. The guidance in ASU 2017-09 provides that modification accounting is required only if a change in the terms or conditions of an award results in a change to the fair value, the vesting conditions, or the classification of the award as equity or liability. The guidance in ASU 2017-09 is required for annual reporting periods beginning after December 15, 2017, with early adoption permitted. We are currently assessing the impact of the adoption of this update on our consolidated financial position and results of operations.

In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles - Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 amends Topic 350 to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. This update requires the performance of an annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit's fair value. However, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The guidance in ASU 2017-04 is required for annual reporting periods beginning after December 15, 2019, with early adoption permitted. We are currently considering whether to adopt this update prior to the required adoption date.

In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). ASU 2016-09 is intended to simplify various aspects of the accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The guidance in ASU 2016-09 is required for annual reporting periods beginning after December 15, 2016, with early adoption permitted. The standard requires, on a prospective basis, the recognition of all excess tax benefits and tax deficiencies as income tax benefit or expense in the statement of operations and the tax effect of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. The excess tax benefits and tax deficiencies should not be considered in an entity's calculation of its annual estimated effective tax rate and, as excess tax benefits are no longer recognized in additional paid-in capital, the assumed proceeds from applying the treasury stock method to calculate diluted earnings per share should exclude such excess tax benefits. Further, on either a prospective or retrospective basis, excess tax benefits should be classified as operating activities in the statement of cash flows. The standard also provides entities the option to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current GAAP) or account for forfeitures when they occur, which is to be applied in accordance with a modified retrospective transition. Additionally, the standard updates the threshold to qualify for equity classification for minimum statutory tax withholding requirements by permitting an entity to withhold up to the maximum statutory rates in the applicable jurisdictions, applied on a modified retrospective basis. Finally, the standard requires that cash paid by an employer to a taxing authority when directly withholding shares for tax withholding purposes be classified as a financing activity in the statement of cash flows, applied retrospectively.

We adopted this standard at the beginning of the first quarter of fiscal year 2018 and elected to classify excess tax benefits as operating activities on a prospective basis in the condensed consolidated statement of cash flows. As such, the prior period condensed consolidated statement of cash flows was not adjusted. We also elected to account for forfeitures as they occur and recorded a cumulative-effect adjustment of $0.6 million to retained earnings during the period of adoption. The adoption of ASU 2016-09 did not have a material impact on our consolidated financial position, results of operations, and cash flows.

In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) ("ASU 2016-02"), which requires lessees to record most leases on their balance sheets, recognizing a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The guidance in ASU 2016-02 is required for annual reporting periods beginning after December 15, 2018, with early adoption permitted. We currently expect that most of our operating lease commitments will be subject to the update and recognized as operating lease liabilities and right-of-use assets upon adoption. However, we are currently evaluating the effect that implementation of this update will have upon adoption on our consolidated financial position and results of operations.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance provided in Topic 606 requires entities to use a five-step model to recognize revenue by allocating the consideration from contracts to performance obligations on a relative standalone selling price basis. The standard also requires new disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This new guidance was initially effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016 and early adoption was not permitted. However, in July 2015, the FASB voted to defer the effective date of this ASU by one year for reporting periods beginning after December 15, 2017, with early adoption permitted as of the original effective date. As a result, the effective date for the Company will be December 1, 2018.

Entities have the option of using either a full retrospective or a modified approach to adopt the guidance. The Company plans to adopt this ASU in accordance with the full retrospective approach, effective December 1, 2018. Fiscal year 2019 quarterly results, and comparative prior periods, will be prepared in accordance with ASC Topic 606. The first Annual Report on Form 10-K issued in accordance with ASC Topic 606 will be for the period ended November 30, 2019.

Management is currently assessing the impact the adoption of this standard will have on the Company’s consolidated financial statements, but anticipates that the revenue recognition related to accounting for the following transactions will be most impacted:

•

Revenue from term licenses with extended payment terms over the term of the agreement within our Data Connectivity and Integration segment - These transactions are typically recognized when the amounts are billed to the customer under current revenue recognition guidance. In accordance with ASU 2014-09, revenue from term license performance obligations is expected to be recognized upon delivery and revenue from maintenance performance obligations is expected to be recognized over the contract term. To the extent the Company enters into future term licenses with extended payment terms after the adoption of ASU 2014-09, revenue from term licenses with extended payment terms will be recognized prior to the customer being billed and the Company will recognize a net contract asset on the balance sheet. Accordingly, license revenue will be accelerated under ASU 2014-09 as the Company currently does not recognize revenue until the amounts have been billed to the customer.

•

Revenue from transactions with multiple elements within our Application Development and Deployment segment (i.e., sales of perpetual licenses with maintenance and/or support) - These transactions are currently recognized ratably over the associated maintenance period as the Company does not have vendor specific objective evidence ("VSOE") for maintenance or support. Under ASU 2014-09, the requirement to have VSOE for undelivered elements that exists under current guidance is eliminated. Accordingly, the Company will recognize a portion of the sales price as revenue upon delivery of the license instead of recognizing the entire sales price ratably over the maintenance period.

Cash, Cash Equivalents and Investments

3 Months Ended

Feb. 28, 2018

Investments and Cash [Abstract]

Cash, Cash Equivalents and Investments

A summary of our cash, cash equivalents and available-for-sale investments at February 28, 2018 is as follows (in thousands):



	Amortized Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
Cash	$	113,420	$	—	$	—		$	113,420
Money market funds	3,691		—		—			3,691
State and municipal bond obligations	35,518		—		(164		)	35,354
U.S. treasury bonds	7,700		—		(38		)	7,662
Corporate bonds	7,449		—		(79		)	7,370
Total	$	167,778	$	—	$	(281	)	$	167,497

A summary of our cash, cash equivalents and available-for-sale investments at November 30, 2017 is as follows (in thousands):



	Amortized Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
Cash	$	130,547	$	—	$	—		$	130,547
Money market funds	2,917		—		—			2,917
State and municipal bond obligations	40,458		—		(231		)	40,227
U.S. treasury bonds	3,517		—		(26		)	3,491
Corporate bonds	6,463		—		(36		)	6,427
Total	$	183,902	$	—	$	(293	)	$	183,609

Such amounts are classified on our condensed consolidated balance sheets as follows (in thousands):



	February 28, 2018				November 30, 2017
	Cash and Equivalents		Short-Term Investments		Cash and Equivalents		Short-Term Investments
Cash	$	113,420	$	—	$	130,547	$	—
Money market funds	3,691		—		2,917		—
State and municipal bond obligations	—		35,354		—		40,227
U.S. treasury bonds	—		7,662		—		3,491
Corporate bonds	—		7,370		—		6,427
Total	$	117,111	$	50,386	$	133,464	$	50,145

The fair value of debt securities by contractual maturity is as follows (in thousands):



	February 28, 2018		November 30, 2017
Due in one year or less	$	24,188	$	22,333
Due after one year ⁽¹⁾	26,198		27,812
Total	$	50,386	$	50,145


(1)	Includes state and municipal bond obligations, U.S. treasury bonds, and corporate bonds, which are securities representing investments available for current operations and are classified as current in the condensed consolidated balance sheets.

We did not hold any investments with continuous unrealized losses as of February 28, 2018 or November 30, 2017.

Derivative Instruments

3 Months Ended

Feb. 28, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

We generally use forward contracts that are not designated as hedging instruments to hedge economically the impact of the variability in exchange rates on intercompany accounts receivable and loans receivable denominated in certain foreign currencies. We generally do not hedge the net assets of our international subsidiaries.

All forward contracts are recorded at fair value on the consolidated balance sheets at the end of each reporting period and expire from 30 days to one year. At February 28, 2018, $1.2 million was recorded in other current assets on the condensed consolidated balance sheet. At November 30, 2017, $0.2 million and $0.2 million was recorded in other accrued liabilities and other assets, respectively, on the consolidated balance sheet. In the three months ended February 28, 2018 and February 28, 2017, realized and unrealized gains of $3.6 million and $0.8 million, respectively, from our forward contracts were recognized in foreign currency (loss) gain, net on the condensed consolidated statements of operations. The gains were substantially offset by realized and unrealized losses on the offsetting positions.

The table below details outstanding foreign currency forward contracts where the notional amount is determined using contract exchange rates (in thousands):



	February 28, 2018					November 30, 2017
	Notional Value		Fair Value			Notional Value		Fair Value
Forward contracts to sell U.S. dollars	$	142,202	$	1,153		$	119,192	$	(27	)
Forward contracts to purchase U.S. dollars	375		(2		)	462		—
Total	$	142,577	$	1,151		$	119,654	$	(27	)

Fair Value Measurements

3 Months Ended

Feb. 28, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

Recurring Fair Value Measurements

The following table details the fair value measurements within the fair value hierarchy of our financial assets and liabilities at February 28, 2018 (in thousands):



			Fair Value Measurements Using
	Total Fair Value		Level 1		Level 2		Level 3
Assets
Money market funds	$	3,691	$	3,691	$	—	$	—
State and municipal bond obligations	35,354		—		35,354		—
U.S. treasury bonds	7,662		—		7,662		—
Corporate bonds	7,370		—		7,370		—
Foreign exchange derivatives	$	1,151	$	—	$	1,151	$	—

The following table details the fair value measurements within the fair value hierarchy of our financial assets and liabilities at November 30, 2017 (in thousands):



				Fair Value Measurements Using
	Total Fair Value			Level 1		Level 2			Level 3
Assets
Money market funds	$	2,917		$	2,917	$	—		$	—
State and municipal bond obligations	40,227			—		40,227			—
U.S. treasury bonds	3,491			—		3,491			—
Corporate bonds	6,427			—		6,427			—
Liabilities
Foreign exchange derivatives	$	(27	)	$	—	$	(27	)	$	—

When developing fair value estimates, we maximize the use of observable inputs and minimize the use of unobservable inputs. When available, we use quoted market prices to measure fair value. The valuation technique used to measure fair value for our Level 1 and Level 2 assets is a market approach, using prices and other relevant information generated by market transactions involving identical or comparable assets. If market prices are not available, the fair value measurement is based on models that use primarily market based parameters including yield curves, volatilities, credit ratings and currency rates. In certain cases where market rate assumptions are not available, we are required to make judgments about assumptions market participants would use to estimate the fair value of a financial instrument.

We did not have any nonrecurring fair value measurements during the three months ended February 28, 2018.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Intangible Assets and Goodwill

3 Months Ended

Feb. 28, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets

Intangible assets are comprised of the following significant classes (in thousands):



	February 28, 2018							November 30, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	154,301	$	(94,043	)	$	60,258	$	154,301	$	(88,224	)	$	66,077
Customer-related	67,802		(48,828		)	18,974		67,802		(46,230		)	21,572
Trademarks and trade names	17,740		(11,215		)	6,525		17,740		(10,495		)	7,245
Total	$	239,843	$	(154,086	)	$	85,757	$	239,843	$	(144,949	)	$	94,894

In the first quarter of fiscal years 2018 and 2017, amortization expense related to intangible assets was $9.1 million and $6.9 million, respectively.

Future amortization expense for intangible assets as of February 28, 2018 is as follows (in thousands):



Remainder of 2018	$	26,918
2019	34,932
2020	10,152
2021	10,033
2022	3,722
Total	$	85,757

Goodwill

Changes in the carrying amount of goodwill in the three months ended February 28, 2018 are as follows (in thousands):



Balance, November 30, 2017	$	315,041
Translation adjustments	65
Balance, February 28, 2018	$	315,106

Changes in the goodwill balances by reportable segment in the three months ended February 28, 2018 are as follows (in thousands):



	November 30, 2017		Translation Adjustments		February 28, 2018
OpenEdge	$	249,036	$	65	$	249,101
Data Connectivity and Integration	19,040		—		19,040
Application Development and Deployment	46,965		—		46,965
Total goodwill	$	315,041	$	65	$	315,106

During the quarter ending February 28, 2018, no triggering events have occurred that would indicate that it is more likely than not that the carrying values of any of our reporting units exceeded their fair values.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Business Combinations

3 Months Ended

Feb. 28, 2018

Business Combinations [Abstract]

Business Combinations

Kinvey Acquisition

On June 1, 2017, we acquired by merger 100% of the outstanding securities of Kinvey for an aggregate sum of $49.2 million, which includes approximately $0.3 million held-back from the founder of Kinvey as an incentive to remain with the Company for at least two years following the acquisition. The $0.3 million held-back is being recorded to expense over the service period. Kinvey allows developers to set up, use, and operate a cloud backend for any native, hybrid, web, or IoT app built using any development tools. The acquisition was accounted for as a business combination, and accordingly, the results of operations of Kinvey are included in our operating results as part of the OpenEdge business segment from the date of acquisition. We paid the purchase price in cash from available funds.

The total consideration, less the $0.3 million held-back discussed above, which is considered to be a compensation arrangement, was allocated to Kinvey's tangible assets, identifiable intangible assets and assumed liabilities based on their estimated fair values. The excess of the total consideration, less the amount held-back from the founder, over the tangible assets, identifiable intangible assets and assumed liabilities was recorded as goodwill. The allocation of the purchase price was completed in the fourth quarter of fiscal year 2017 upon the finalization of our valuation of identifiable intangible assets and deferred taxes.

The allocation of the purchase price is as follows (in thousands):



	Total			Life
Net working capital	$	(963	)
Property, plant and equipment	26
Purchased technology	22,100			5 Years
Trade name	1,800			5 Years
Customer relationships	100			5 Years
Net deferred tax assets	1,465
Goodwill	24,351
Net assets acquired	$	48,879

The fair value of the intangible assets was estimated using the income approach in which the after-tax cash flows are discounted to present value. The cash flows are based on estimates used to price the acquisition, and the discount rates applied were benchmarked with reference to the implied rate of return from the transaction model as well as the weighted average cost of capital.

Deferred taxes include deferred tax liabilities resulting from the tax effects of fair value adjustments related to identifiable intangible assets, which are more than offset by the value of deferred tax assets acquired from Kinvey. Tangible assets acquired and assumed liabilities were recorded at fair value.

We recorded the excess of the purchase price over the identified tangible and intangible assets as goodwill. We believe that the investment value of the future enhancement of our product and solution offerings created as a result of this acquisition has principally contributed to a purchase price that resulted in the recognition of $24.4 million of goodwill, which is not deductible for tax purposes.

Acquisition-related transaction costs (e.g., legal, due diligence, valuation, and other professional fees) are not included as a component of consideration paid, but are required to be expensed as incurred. We incurred minimal acquisition-related costs during the three months ended February 28, 2018, which are included in acquisition-related expenses in our condensed consolidated statement of operations.

We have not disclosed the amount of revenues and earnings of Kinvey since acquisition, nor pro forma financial information, as those amounts are not significant to our consolidated financial statements.

DataRPM Acquisition

On March 1, 2017, we acquired by merger 100% of the outstanding securities of DataRPM for an aggregate sum of $30.0 million. Approximately $1.7 million of the purchase price was paid to DataRPM’s founders in the form of restricted stock units, subject to a two-year vesting schedule and continued employment. DataRPM is a leader in cognitive predictive maintenance for the industrial IoT ("IIoT") market. The acquisition was accounted for as a business combination, and accordingly, the results of operations of DataRPM are included in our operating results as part of the OpenEdge business segment from the date of acquisition. We paid the purchase price in cash from available funds.

The total consideration, less the fair value of the granted restricted stock units discussed above, which are considered compensation arrangements, was allocated to DataRPM’s tangible assets, identifiable intangible assets and assumed liabilities based on their estimated fair values. The excess of the total consideration, less the fair value of the restricted stock units, over the tangible assets, identifiable intangible assets and assumed liabilities was recorded as goodwill. The allocation of the purchase price was completed in the fourth quarter of fiscal year 2017 upon the finalization of our valuation of identifiable intangible assets and deferred taxes.

The allocation of the purchase price is as follows (in thousands):



	Total			Life
Net working capital	$	(174	)
Property, plant and equipment	68
Purchased technology	19,900			5 Years
Trade name	800			5 Years
Customer relationships	100			5 Years
Deferred taxes	(5,006		)
Goodwill	12,583
Net assets acquired	$	28,271

Deferred taxes include deferred tax liabilities resulting from the tax effects of fair value adjustments related to identifiable intangible assets, partially offset by the fair value of deferred tax assets acquired from DataRPM. Tangible assets acquired and assumed liabilities were recorded at fair value.

We recorded the excess of the purchase price over the identified tangible and intangible assets as goodwill. We believe that the investment value of the future enhancement of our product and solution offerings created as a result of this acquisition has principally contributed to a purchase price that resulted in the recognition of $12.6 million of goodwill, which is not deductible for tax purposes.

As discussed above, approximately $1.7 million of the total consideration was paid to DataRPM’s founders in restricted stock units, subject to a vesting schedule and continued employment. We concluded that the restricted stock units are compensation arrangements and we are recognizing stock-based compensation expense in accordance with the vesting schedule over the service period of the awards, which is 2 years. During the three months ended February 28, 2018, as a result of the termination of employment of one of the founders, we recorded a minimal credit to stock-based compensation expense related to forfeitures, which is included in operating expenses on our condensed consolidated statement of operations.

Acquisition-related transaction costs (e.g., legal, due diligence, valuation, and other professional fees) are not included as a component of consideration transferred, but are required to be expensed as incurred. We did not incur any acquisition-related costs during the three months ended February 28, 2018 and do not expect to incur additional material costs with respect to this acquisition.

We have not disclosed the amount of revenues and earnings of DataRPM since acquisition, nor pro forma financial information, as those amounts are not significant to our consolidated financial statements.

Term Loan and Line of Credit

3 Months Ended

Feb. 28, 2018

Line of Credit Facility [Abstract]

Term Loan and Line of Credit

On November 20, 2017, we entered into an amended and restated credit agreement (the "Credit Agreement") with certain lenders (the "Lenders"), which provides for a $123.8 million secured term loan and a $150.0 million secured revolving credit facility (the "Credit Facilities"). The revolving credit facility may be made available in U.S. Dollars and certain other currencies and may be increased by up to an additional $125.0 million if the existing or additional lenders are willing to make such increased commitments.

The revolving credit facility has sublimits for swing line loans up to $25.0 million and for the issuance of standby letters of credit in a face amount up to $25.0 million. We expect to use the revolving credit facility for general corporate purposes, including acquisitions of other businesses, and may also use it for working capital.

Interest rates for the term loan and revolving credit facility are based upon our leverage ratio and determined based on an index selected at our option. The rates would range from 1.50% to 2.00% above the Eurodollar rate for Eurodollar-based borrowings or from 0.50% to 1.00% above the defined base rate for base rate borrowings. Additionally, we may borrow certain foreign currencies at rates set in the same respective range above the London interbank offered interest rates ("LIBOR") for those currencies. A quarterly commitment fee on the undrawn portion of the revolving credit facility is required and ranges from 0.25% to 0.35% per annum based on our leverage ratio. The interest rate of the credit facility as of February 28, 2018 was 3.125%.

The credit facility matures on November 20, 2022, when all amounts outstanding will be due and payable in full. The revolving credit facility does not require amortization of principal. The outstanding balance of the term loan as of February 28, 2018 was $122.2 million, with $6.2 million due in the next 12 months. The term loan requires repayment of principal at the end of each fiscal quarter, beginning with the fiscal quarter ended February 28, 2018. The principal repayment amounts are in accordance with the following schedule: (i) eight payments of $1.5 million each, (ii) four payments of $2.3 million each, (iii) four payments of $3.1 million each, (iv) three payments of $3.9 million each, and (v) the last payment is of the remaining principal amount. Any amounts outstanding under the term loan thereafter would be due on the maturity date. The term loan may be prepaid before maturity in whole or in part at our option without penalty or premium. As of February 28, 2018, the carrying value of the term loan approximates the fair value, based on Level 2 inputs (observable market prices in less than active markets), as the interest rate is variable over the selected interest period and is similar to current rates at which we can borrow funds.

Costs incurred in connection with the debt modification of $1.2 million, along with $0.7 million of unamortized debt issuance costs related to the previous credit agreement, are recorded as debt issuance costs as a direct deduction from the carrying value of the debt liability on our consolidated balance sheet as of February 28, 2018. These costs are being amortized over the term of the debt agreement using the effective interest rate method. Amortization expense related to debt issuance costs of $0.1 million and $0.1 million for the three months ended February 28, 2018 and February 28, 2017, respectively, is recorded in interest expense on our consolidated statements of operations.

Revolving loans may be borrowed, repaid and reborrowed until November 20, 2022, at which time all amounts outstanding must be repaid. As of February 28, 2018, there were no amounts outstanding under the revolving line and $1.4 million of letters of credit.

As of February 28, 2018, aggregate principal payments of long-term debt for the next five years are (in thousands):



Remainder of 2018	$	4,640
2019	6,188
2020	9,281
2021	12,375
2022	89,719
Total	$	122,203

Common Stock Repurchases	3 Months Ended
Common Stock Repurchases	Feb. 28, 2018
Common Stock Repurchases [Abstract]
Common Stock Repurchases	Common Stock Repurchases We repurchased and retired 1.1 million shares of our common stock for $45.0 million in the three months ended February 28, 2018 and 0.6 million shares for $18.1 million in the three months ended February 28, 2017. The shares were repurchased in both periods as part of our Board of Directors authorized share repurchase program. In September 2017, our Board of Directors increased our total share repurchase authorization to $250.0 million. As of February 28, 2018, there was $175.0 million remaining under this current authorization.

Stock-Based Compensation

3 Months Ended

Feb. 28, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-based compensation expense reflects the fair value of stock-based awards, less the present value of expected dividends, measured at the grant date and recognized over the relevant service period. We estimate the fair value of each stock-based award on the measurement date using the current market price of the stock, the Black-Scholes option valuation model, or the Monte Carlo Simulation valuation model.

During fiscal years 2016 and 2017, we granted performance-based restricted stock units that include a three-year market condition under a Long-Term Incentive Plan (“LTIP”) where the performance measurement period is three years. Vesting of the LTIP awards is based on our level of attainment of specified total shareholder return ("TSR") targets relative to the percentage appreciation of a specified index of companies for the respective three-year periods and is also subject to the continued employment of the grantees. In order to estimate the fair value of such awards, we used a Monte Carlo Simulation valuation model.

During the first quarter of fiscal year 2018, we granted performance-based restricted stock units that include two performance metrics under a LTIP where the performance measurement period is three years. Vesting of the 2018 LTIP awards is as follows: (i) 50% is based on the three-year market condition as described above (TSR), and (ii) 50% is based on achievement of a three-year cumulative performance condition (operating income). In order to estimate the fair value of such awards, we used a Monte Carlo Simulation valuation model for the market condition portion of the award, and used the closing price of our common stock on the date of grant, less the present value of expected dividends, for the portion related to the performance condition.

The Black-Scholes and Monte Carlo Simulation valuation models incorporate assumptions as to stock price volatility, the expected life of options or awards, a risk-free interest rate and dividend yield. We recognize stock-based compensation expense related to options and restricted stock units on a straight-line basis over the service period of the award, which is generally 4 years for options and 3 years for restricted stock units. We recognize stock-based compensation expense related to our employee stock purchase plan using an accelerated attribution method.

The following table provides the classification of stock-based compensation as reflected in our condensed consolidated statements of operations (in thousands):



	Three Months Ended
	February 28, 2018		February 28, 2017
Cost of maintenance and services	$	246	$	256
Sales and marketing	370		363
Product development	2,046		(104		)
General and administrative	1,908		1,115
Total stock-based compensation	$	4,570	$	1,630

During fiscal year 2017, there were significant forfeitures due to our restructuring action, which is further described in Note 11. These forfeitures significantly reduced stock-based compensation expense compared to the current year.

Accumulated Other Comprehensive Loss

3 Months Ended

Feb. 28, 2018

Equity [Abstract]

Accumulated Other Comprehensive Loss

The following table summarizes the changes in accumulated balances of other comprehensive loss during the three months ended February 28, 2018 (in thousands):



	Foreign Currency Translation Adjustment			Unrealized Losses on Investments			Accumulated Other Comprehensive Loss
Balance, December 1, 2017	$	(18,770	)	$	(229	)	$	(18,999	)
Other comprehensive income (loss) before reclassifications, net of tax	3,831			(27		)	3,804
Balance, February 28, 2018	$	(14,939	)	$	(256	)	$	(15,195	)

The tax effect on accumulated unrealized losses on investments was minimal as of February 28, 2018 and November 30, 2017.

Restructuring Charges

3 Months Ended

Feb. 28, 2018

Restructuring Charges [Abstract]

Restructuring Charges

The following table provides a summary of activity for our restructuring actions, which are detailed further below (in thousands):



	Excess Facilities and Other Costs			Employee Severance and Related Benefits			Total
Balance, December 1, 2017	$	570		$	3,556		$	4,126
Costs incurred	840			981			1,821
Cash disbursements	(465		)	(2,274		)	(2,739		)
Translation adjustments and other	48			25			73
Balance, February 28, 2018	$	993		$	2,288		$	3,281

During fiscal year 2017, we undertook certain operational restructuring initiatives intended to significantly reduce annual costs. As part of this action, management committed to a new strategic plan highlighted by a new product strategy and a streamlined operating approach. To execute these operational restructuring initiatives, we reduced our global workforce by over 20%. These workforce reductions occurred in substantially all functional units and across all geographies in which we operate. We also consolidated offices in various locations during fiscal year 2017 and the first quarter of fiscal year 2018. We expect to incur additional expenses related to facility closures during fiscal year 2018, but we do not expect these additional costs to be material.

Restructuring expenses are related to employee costs, including severance, health benefits and outplacement services (but excluding stock-based compensation), facilities costs, which include fees to terminate lease agreements and costs for unused space, net of sublease assumptions, and other costs, which include asset impairment charges.

As part of this fiscal year 2017 restructuring, for the three months ended February 28, 2018, we incurred expenses of $1.8 million, which are recorded in restructuring expenses on the condensed consolidated statements of operations.

Cash disbursements for expenses incurred to date under this restructuring are expected to be made through the fourth quarter of fiscal year 2018. The short-term portion of the restructuring reserve of $3.1 million is included in other accrued liabilities and the long-term portion of $0.2 million is included in other noncurrent liabilities on the condensed consolidated balance sheet at February 28, 2018.

Income Taxes	3 Months Ended
Income Taxes	Feb. 28, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our income tax provision for the three months ended February 28, 2018 and February 28, 2017 reflects our estimate of the effective tax rates expected to be applicable for the full fiscal years, adjusted for any discrete events which are recorded in the period they occur. The estimates are reevaluated each quarter based on our estimated tax expense for the full fiscal year. During the first quarter of fiscal 2018, the Tax Cuts and Jobs Act was enacted in the United States. The Act reduces the U.S. federal corporate tax rate from 35% to 21% effective January 1, 2018, requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred and creates new taxes on certain foreign sourced earnings. In December 2017, the SEC issued SAB 118, which directs taxpayers to consider the impact of the U.S. legislation as “provisional” when it does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete its accounting for the change in tax law. As of February 28, 2018, we have not completed our accounting for the tax effects of enactment of the Act, however, as described below, we have made a reasonable estimate of the effects on our existing deferred tax balances and the one-time transition tax. As a result of the Act, we re-measured certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally 21%. However, we are still analyzing certain aspects of the Act and refining our calculations, which could potentially affect the measurement of these balances or potentially give rise to changes in deferred tax amounts. The provisional tax benefit amount recorded related to the re-measurement of our U.S. deferred tax balances during the three months ended February 28, 2018 was $1.4 million. The one-time transition tax associated with the Act is based on our total post-1986 earnings and profits ("E&P") that we previously deferred from U.S. federal taxation. During the three months ended February 28, 2018, we made a provisional determination that we have an accumulated deficit in our foreign subsidiaries' E&P and thus do not have a transition tax associated with deferred foreign earnings related to the Act. We have not yet completed our calculation of the total post-1986 E&P for our foreign subsidiaries or the tax pools of our foreign subsidiaries. Further, the transition tax is based in part on the amount of those earnings held in cash and other specified assets. This amount may change when we finalize the calculation of post-1986 foreign E&P previously deferred from U.S. federal taxation and finalize the amounts held in cash or other specified assets. The decrease in our effective tax rate in the three months ended February 28, 2018 compared to the same period in the prior year is primarily due to the enactment of tax reform in the United States that lowered the federal corporate tax rate. Our Federal income tax returns have been examined or are closed by statute for all years prior to fiscal year 2015. Our state income tax returns have been examined or are closed by statute for all years prior to fiscal year 2013. Tax authorities for certain non-U.S. jurisdictions are also examining returns. With some exceptions, we are generally not subject to tax examinations in non-U.S. jurisdictions for years prior to fiscal year 2012.

Earnings (Loss) Per Share

3 Months Ended

Feb. 28, 2018

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

We compute basic earnings (loss) per share using the weighted average number of common shares outstanding. We compute diluted earnings (loss) per share using the weighted average number of common shares outstanding plus the effect of outstanding dilutive stock options, restricted stock units and deferred stock units, using the treasury stock method. The following table sets forth the calculation of basic and diluted earnings (loss) per share on an interim basis (in thousands, except per share data):



	Three Months Ended
	February 28, 2018		February 28, 2017
Net income (loss)	$	12,912	$	(525	)
Weighted average shares outstanding	46,529		48,733
Dilutive impact from common stock equivalents	947		—
Diluted weighted average shares outstanding	47,476		48,733
Basic earnings (loss) per share	$	0.28	$	(0.01	)
Diluted earnings (loss) per share	$	0.27	$	(0.01	)

We excluded stock awards representing approximately 344,000 shares and 2,340,000 shares of common stock from the calculation of diluted earnings (loss) per share in the three months ended February 28, 2018 and February 28, 2017, respectively, because these awards were anti-dilutive.

Business Segments and International Operations

3 Months Ended

Feb. 28, 2018

Segment Reporting [Abstract]

Business Segments and International Operations

Operating segments are components of an enterprise that engage in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker in deciding how to allocate resources and assess performance. Our chief operating decision maker is our Chief Executive Officer.

We operate as three distinct business segments: OpenEdge, Data Connectivity and Integration, and Application Development and Deployment.

We do not manage our assets or capital expenditures by segment or assign other income (expense) and income taxes to segments. We manage and report such items on a consolidated company basis.

The following table provides revenue and contribution margin from our reportable segments and reconciles to the consolidated income from continuing operations before income taxes:



	Three Months Ended
(In thousands)	February 28, 2018			February 28, 2017
Segment revenue:
OpenEdge	$	66,408		$	64,508
Data Connectivity and Integration	7,604			6,828
Application Development and Deployment	20,035			19,634
Total revenue	94,047			90,970
Segment costs of revenue and operating expenses:
OpenEdge	15,762			17,877
Data Connectivity and Integration	1,629			2,262
Application Development and Deployment	6,798			7,536
Total costs of revenue and operating expenses	24,189			27,675
Segment contribution:
OpenEdge	50,646			46,631
Data Connectivity and Integration	5,975			4,566
Application Development and Deployment	13,237			12,098
Total contribution	69,858			63,295
Other unallocated expenses (1)	52,090			62,073
Income from operations	17,768			1,222
Other (expense) income, net	(1,585		)	(1,347		)
Income (loss) before income taxes	$	16,183		$	(125	)

(1) The following expenses are not allocated to our segments as we manage and report our business in these functional areas on a consolidated basis only: certain product development and corporate sales and marketing expenses, customer support, administration, amortization and impairment of acquired intangibles, impairment of goodwill, stock-based compensation, fees related to shareholder activist, restructuring, and acquisition-related expenses.

Our revenues are derived from licensing our products, and from related services, which consist of maintenance, hosting services, and consulting and education. Information relating to revenue from external customers by revenue type is as follows (in thousands):



	Three Months Ended
(In thousands)	February 28, 2018		February 28, 2017
Software licenses	$	25,343	$	24,322
Maintenance	61,479		59,138
Services	7,225		7,510
Total	$	94,047	$	90,970

In the following table, revenue attributed to North America includes sales to customers in the U.S. and sales to certain multinational organizations. Revenue from Europe, the Middle East and Africa ("EMEA"), Latin America and the Asia Pacific region includes sales to customers in each region plus sales from the U.S. to distributors in these regions. Information relating to revenue from external customers from different geographical areas is as follows (in thousands):



	Three Months Ended
(In thousands)	February 28, 2018		February 28, 2017
North America	$	51,641	$	50,305
EMEA	33,014		29,844
Latin America	4,461		5,023
Asia Pacific	4,931		5,798
Total	$	94,047	$	90,970

Basis of Presentation (Policies)

3 Months Ended

Feb. 28, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Significant Accounting Policies

Recent Accounting Pronouncements

•

Cash, Cash Equivalents and Investments (Tables)

3 Months Ended

Feb. 28, 2018

Investments and Cash [Abstract]

Summary of Cash, Cash Equivalents and Trading and Available-for-sale Investments

A summary of our cash, cash equivalents and available-for-sale investments at February 28, 2018 is as follows (in thousands):



	Amortized Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
Cash	$	113,420	$	—	$	—		$	113,420
Money market funds	3,691		—		—			3,691
State and municipal bond obligations	35,518		—		(164		)	35,354
U.S. treasury bonds	7,700		—		(38		)	7,662
Corporate bonds	7,449		—		(79		)	7,370
Total	$	167,778	$	—	$	(281	)	$	167,497

A summary of our cash, cash equivalents and available-for-sale investments at November 30, 2017 is as follows (in thousands):



	Amortized Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
Cash	$	130,547	$	—	$	—		$	130,547
Money market funds	2,917		—		—			2,917
State and municipal bond obligations	40,458		—		(231		)	40,227
U.S. treasury bonds	3,517		—		(26		)	3,491
Corporate bonds	6,463		—		(36		)	6,427
Total	$	183,902	$	—	$	(293	)	$	183,609

Summary of Cash, Cash Equivalents and Trading and Available-for-sale Investments by Balance Sheet Classification

Such amounts are classified on our condensed consolidated balance sheets as follows (in thousands):



	February 28, 2018				November 30, 2017
	Cash and Equivalents		Short-Term Investments		Cash and Equivalents		Short-Term Investments
Cash	$	113,420	$	—	$	130,547	$	—
Money market funds	3,691		—		2,917		—
State and municipal bond obligations	—		35,354		—		40,227
U.S. treasury bonds	—		7,662		—		3,491
Corporate bonds	—		7,370		—		6,427
Total	$	117,111	$	50,386	$	133,464	$	50,145

Fair Value of Debt Securities by Contractual Maturity

The fair value of debt securities by contractual maturity is as follows (in thousands):



	February 28, 2018		November 30, 2017
Due in one year or less	$	24,188	$	22,333
Due after one year ⁽¹⁾	26,198		27,812
Total	$	50,386	$	50,145


(1)	Includes state and municipal bond obligations, U.S. treasury bonds, and corporate bonds, which are securities representing investments available for current operations and are classified as current in the condensed consolidated balance sheets.

Derivative Instruments (Tables)

3 Months Ended

Feb. 28, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

The table below details outstanding foreign currency forward contracts where the notional amount is determined using contract exchange rates (in thousands):



	February 28, 2018					November 30, 2017
	Notional Value		Fair Value			Notional Value		Fair Value
Forward contracts to sell U.S. dollars	$	142,202	$	1,153		$	119,192	$	(27	)
Forward contracts to purchase U.S. dollars	375		(2		)	462		—
Total	$	142,577	$	1,151		$	119,654	$	(27	)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Fair Value Measurements (Tables)

3 Months Ended

Feb. 28, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements within the Fair Value Hierarchy of the Financial Assets

The following table details the fair value measurements within the fair value hierarchy of our financial assets and liabilities at February 28, 2018 (in thousands):



			Fair Value Measurements Using
	Total Fair Value		Level 1		Level 2		Level 3
Assets
Money market funds	$	3,691	$	3,691	$	—	$	—
State and municipal bond obligations	35,354		—		35,354		—
U.S. treasury bonds	7,662		—		7,662		—
Corporate bonds	7,370		—		7,370		—
Foreign exchange derivatives	$	1,151	$	—	$	1,151	$	—

The following table details the fair value measurements within the fair value hierarchy of our financial assets and liabilities at November 30, 2017 (in thousands):



				Fair Value Measurements Using
	Total Fair Value			Level 1		Level 2			Level 3
Assets
Money market funds	$	2,917		$	2,917	$	—		$	—
State and municipal bond obligations	40,227			—		40,227			—
U.S. treasury bonds	3,491			—		3,491			—
Corporate bonds	6,427			—		6,427			—
Liabilities
Foreign exchange derivatives	$	(27	)	$	—	$	(27	)	$	—

Intangible Assets and Goodwill (Tables)

3 Months Ended

Feb. 28, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets are comprised of the following significant classes (in thousands):



	February 28, 2018							November 30, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	154,301	$	(94,043	)	$	60,258	$	154,301	$	(88,224	)	$	66,077
Customer-related	67,802		(48,828		)	18,974		67,802		(46,230		)	21,572
Trademarks and trade names	17,740		(11,215		)	6,525		17,740		(10,495		)	7,245
Total	$	239,843	$	(154,086	)	$	85,757	$	239,843	$	(144,949	)	$	94,894

Schedule of Future Amortization Expense from Intangible Assets Held

Future amortization expense for intangible assets as of February 28, 2018 is as follows (in thousands):



Remainder of 2018	$	26,918
2019	34,932
2020	10,152
2021	10,033
2022	3,722
Total	$	85,757

Schedule of Goodwill

Changes in the goodwill balances by reportable segment in the three months ended February 28, 2018 are as follows (in thousands):



	November 30, 2017		Translation Adjustments		February 28, 2018
OpenEdge	$	249,036	$	65	$	249,101
Data Connectivity and Integration	19,040		—		19,040
Application Development and Deployment	46,965		—		46,965
Total goodwill	$	315,041	$	65	$	315,106

Changes in the carrying amount of goodwill in the three months ended February 28, 2018 are as follows (in thousands):



Balance, November 30, 2017	$	315,041
Translation adjustments	65
Balance, February 28, 2018	$	315,106

Business Combinations (Tables)

3 Months Ended

Feb. 28, 2018

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The allocation of the purchase price is as follows (in thousands):



	Total			Life
Net working capital	$	(174	)
Property, plant and equipment	68
Purchased technology	19,900			5 Years
Trade name	800			5 Years
Customer relationships	100			5 Years
Deferred taxes	(5,006		)
Goodwill	12,583
Net assets acquired	$	28,271

The allocation of the purchase price is as follows (in thousands):



	Total			Life
Net working capital	$	(963	)
Property, plant and equipment	26
Purchased technology	22,100			5 Years
Trade name	1,800			5 Years
Customer relationships	100			5 Years
Net deferred tax assets	1,465
Goodwill	24,351
Net assets acquired	$	48,879

Term Loan and Line of Credit (Tables)

3 Months Ended

Feb. 28, 2018

Line of Credit Facility [Abstract]

Schedule of Maturities of Long-term Debt

As of February 28, 2018, aggregate principal payments of long-term debt for the next five years are (in thousands):



Remainder of 2018	$	4,640
2019	6,188
2020	9,281
2021	12,375
2022	89,719
Total	$	122,203

Stock-Based Compensation (Tables)

3 Months Ended

Feb. 28, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Classification of Stock-Based Compensation

The following table provides the classification of stock-based compensation as reflected in our condensed consolidated statements of operations (in thousands):



	Three Months Ended
	February 28, 2018		February 28, 2017
Cost of maintenance and services	$	246	$	256
Sales and marketing	370		363
Product development	2,046		(104		)
General and administrative	1,908		1,115
Total stock-based compensation	$	4,570	$	1,630

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Feb. 28, 2018

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated balances of other comprehensive loss during the three months ended February 28, 2018 (in thousands):



	Foreign Currency Translation Adjustment			Unrealized Losses on Investments			Accumulated Other Comprehensive Loss
Balance, December 1, 2017	$	(18,770	)	$	(229	)	$	(18,999	)
Other comprehensive income (loss) before reclassifications, net of tax	3,831			(27		)	3,804
Balance, February 28, 2018	$	(14,939	)	$	(256	)	$	(15,195	)

Restructuring Charges (Tables)

3 Months Ended

Feb. 28, 2018

Restructuring Charges [Abstract]

Summary of Restructuring Activity

The following table provides a summary of activity for our restructuring actions, which are detailed further below (in thousands):



	Excess Facilities and Other Costs			Employee Severance and Related Benefits			Total
Balance, December 1, 2017	$	570		$	3,556		$	4,126
Costs incurred	840			981			1,821
Cash disbursements	(465		)	(2,274		)	(2,739		)
Translation adjustments and other	48			25			73
Balance, February 28, 2018	$	993		$	2,288		$	3,281

Earnings (Loss) Per Share (Tables)

3 Months Ended

Feb. 28, 2018

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The following table sets forth the calculation of basic and diluted earnings (loss) per share on an interim basis (in thousands, except per share data):



	Three Months Ended
	February 28, 2018		February 28, 2017
Net income (loss)	$	12,912	$	(525	)
Weighted average shares outstanding	46,529		48,733
Dilutive impact from common stock equivalents	947		—
Diluted weighted average shares outstanding	47,476		48,733
Basic earnings (loss) per share	$	0.28	$	(0.01	)
Diluted earnings (loss) per share	$	0.27	$	(0.01	)

Business Segments and International Operations (Tables)

3 Months Ended

Feb. 28, 2018

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table provides revenue and contribution margin from our reportable segments and reconciles to the consolidated income from continuing operations before income taxes:



	Three Months Ended
(In thousands)	February 28, 2018			February 28, 2017
Segment revenue:
OpenEdge	$	66,408		$	64,508
Data Connectivity and Integration	7,604			6,828
Application Development and Deployment	20,035			19,634
Total revenue	94,047			90,970
Segment costs of revenue and operating expenses:
OpenEdge	15,762			17,877
Data Connectivity and Integration	1,629			2,262
Application Development and Deployment	6,798			7,536
Total costs of revenue and operating expenses	24,189			27,675
Segment contribution:
OpenEdge	50,646			46,631
Data Connectivity and Integration	5,975			4,566
Application Development and Deployment	13,237			12,098
Total contribution	69,858			63,295
Other unallocated expenses (1)	52,090			62,073
Income from operations	17,768			1,222
Other (expense) income, net	(1,585		)	(1,347		)
Income (loss) before income taxes	$	16,183		$	(125	)

(1) The following expenses are not allocated to our segments as we manage and report our business in these functional areas on a consolidated basis only: certain product development and corporate sales and marketing expenses, customer support, administration, amortization and impairment of acquired intangibles, impairment of goodwill, stock-based compensation, fees related to shareholder activist, restructuring, and acquisition-related expenses.

Revenue from External Customers by Products and Services



	Three Months Ended
(In thousands)	February 28, 2018		February 28, 2017
Software licenses	$	25,343	$	24,322
Maintenance	61,479		59,138
Services	7,225		7,510
Total	$	94,047	$	90,970

Revenue from External Customers from Different Geographical Areas



	Three Months Ended
(In thousands)	February 28, 2018		February 28, 2017
North America	$	51,641	$	50,305
EMEA	33,014		29,844
Latin America	4,461		5,023
Asia Pacific	4,931		5,798
Total	$	94,047	$	90,970

Basis of Presentation (Details) enterprise_customer in Millions, developer in Millions	3 Months Ended
	Feb. 28, 2018 enterprise_customer developer software_vendor
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of independent software vendors \| software_vendor	1,700
Number of enterprise customers \| enterprise_customer	0.1
Number of developers \| developer	2

Cash, Cash Equivalents and Investments (Summary Of Cash, Cash Equivalents And Trading And Available-For-Sale Investments) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	$ 167,778	$ 183,902
Unrealized Gains	0	0
Unrealized Losses	(281)	(293)
Fair Value	167,497	183,609
State and municipal bond obligations [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	35,518	40,458
Unrealized Gains	0	0
Unrealized Losses	(164)	(231)
Fair Value	35,354	40,227
U.S. treasury bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	7,700	3,517
Unrealized Gains	0	0
Unrealized Losses	(38)	(26)
Fair Value	7,662	3,491
Corporate bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	7,449	6,463
Unrealized Gains	0	0
Unrealized Losses	(79)	(36)
Fair Value	7,370	6,427
Cash [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	113,420	130,547
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	113,420	130,547
Money market funds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	3,691	2,917
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	$ 3,691	$ 2,917

Cash, Cash Equivalents and Investments (Summary of Cash, Cash Equivalents and Trading and Available-for-sale Investments by Balance Sheet Classification) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017	Feb. 28, 2017	Nov. 30, 2016
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	$ 117,111	$ 133,464	$ 226,907	$ 207,036
Short-Term Investments	50,386	50,145
State and municipal bond obligations [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	35,354	40,227
U.S. treasury bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	7,662	3,491
Corporate bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	7,370	6,427
Cash [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	113,420	130,547
Short-Term Investments	0	0
Money market funds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	3,691	2,917
Short-Term Investments	$ 0	$ 0

Cash, Cash Equivalents and Investments (Fair Value of Debt Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017
Investments and Cash [Abstract]
Due in one year or less	$ 24,188	$ 22,333
Due after one year	26,198	27,812
Total	$ 50,386	$ 50,145

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Nov. 30, 2017
Forward Contracts [Member]
Derivative [Line Items]
Minimum maturity period, foreign currency derivative	30 days
Maximum maturity period, foreign currency derivative	1 year
Gains (losses) on foreign currency forward contracts	$ 3.6	$ 0.8
Other Current Assets [Member]
Derivative [Line Items]
Derivative liabilities	$ 1.2
Other Accrued Liabilities [Member]
Derivative [Line Items]
Derivative liabilities			$ 0.2
Other Assets [Member]
Derivative [Line Items]
Derivative liabilities			$ 0.2

Derivative Instruments (Outstanding Foreign Currency Forward Contracts) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017
Derivative [Line Items]
Derivative contracts, notional value	$ 142,577	$ 119,654
Derivative contracts, fair value	1,151	(27)
Forward contracts to sell U.S. dollars [Member]
Derivative [Line Items]
Derivative contracts, notional value	142,202	119,192
Derivative contracts, fair value	1,153	(27)
Forward contracts to purchase U.S. dollars [Member]
Derivative [Line Items]
Derivative contracts, notional value	375	462
Derivative contracts, fair value	$ (2)	$ 0

Fair Value Measurements (Fair Value Measurements within the Fair Value Hierarchy of the Financial Assets) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017
Foreign exchange contract [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign exchange derivatives	$ 1,151
Fair value of financial liabilities		$ (27)
Foreign exchange contract [Member] \| Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign exchange derivatives	0
Fair value of financial liabilities		0
Foreign exchange contract [Member] \| Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign exchange derivatives	1,151
Fair value of financial liabilities		(27)
Foreign exchange contract [Member] \| Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign exchange derivatives	0
Fair value of financial liabilities		0
Money market funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	3,691	2,917
Money market funds [Member] \| Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	3,691	2,917
Money market funds [Member] \| Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	0	0
Money market funds [Member] \| Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	0	0
State and municipal bond obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	35,354	40,227
State and municipal bond obligations [Member] \| Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	0	0
State and municipal bond obligations [Member] \| Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	35,354	40,227
State and municipal bond obligations [Member] \| Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	0	0
U.S. treasury bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	7,662	3,491
U.S. treasury bonds [Member] \| Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	0	0
U.S. treasury bonds [Member] \| Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	7,662	3,491
U.S. treasury bonds [Member] \| Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	0	0
Corporate bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	7,370	6,427
Corporate bonds [Member] \| Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	0	0
Corporate bonds [Member] \| Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	7,370	6,427
Corporate bonds [Member] \| Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	$ 0	$ 0

Intangible Assets and Goodwill (Schedule Of Intangible Assets) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 239,843	$ 239,843
Accumulated Amortization	(154,086)	(144,949)
Net Book Value	85,757	94,894
Purchased technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	154,301	154,301
Accumulated Amortization	(94,043)	(88,224)
Net Book Value	60,258	66,077
Customer-related [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	67,802	67,802
Accumulated Amortization	(48,828)	(46,230)
Net Book Value	18,974	21,572
Trademarks and trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,740	17,740
Accumulated Amortization	(11,215)	(10,495)
Net Book Value	$ 6,525	$ 7,245

Intangible Assets and Goodwill (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Nov. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, amortization expense	$ 9,100	$ 6,900
Goodwill [Line Items]
Goodwill	315,106		$ 315,041
Application Development and Deployment [Member]
Goodwill [Line Items]
Goodwill	$ 46,965		$ 46,965

Intangible Assets and Goodwill (Schedule Of Future Amortization Expense From Intangible Assets Held) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Nov. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2018	$ 26,918
2018	34,932
2019	10,152
2020	10,033
2022	3,722
Net Book Value	$ 85,757	$ 94,894

Intangible Assets and Goodwill (Schedule of Goodwill) (Details) $ in Thousands	3 Months Ended
	Feb. 28, 2018 USD ($)
Goodwill [Roll Forward]
Balance, November 30, 2017	$ 315,041
Translation adjustments	65
Balance, February 28, 2018	315,106
OpenEdge [Member]
Goodwill [Roll Forward]
Balance, November 30, 2017	249,036
Translation adjustments	65
Balance, February 28, 2018	249,101
Data Connectivity and Integration [Member]
Goodwill [Roll Forward]
Balance, November 30, 2017	19,040
Translation adjustments	0
Balance, February 28, 2018	19,040
Application Development and Deployment [Member]
Goodwill [Roll Forward]
Balance, November 30, 2017	46,965
Translation adjustments	0
Balance, February 28, 2018	$ 46,965

Business Combinations (Narrative) (Details) - USD ($)			3 Months Ended
Business Combinations (Narrative) (Details) - USD ($)	Jun. 01, 2017	Mar. 01, 2017	Feb. 28, 2018	Feb. 28, 2017	Nov. 30, 2017
Business Acquisition [Line Items]
Goodwill			$ 315,106,000		$ 315,041,000
Acquisition-related expenses			43,000	$ 49,000
Kinvey, Inc. [Member]
Business Acquisition [Line Items]
Percentage of voting interests acquired	100.00%
Total purchase consideration	$ 49,200,000
Retention bonus paid to founder	300,000
Goodwill	$ 24,351,000
DataRPM Corporation [Member]
Business Acquisition [Line Items]
Percentage of voting interests acquired		100.00%
Total purchase consideration		$ 30,000,000
Goodwill		12,583,000
Acquisition-related expenses			$ 0
Restricted Stock Units [Member] \| DataRPM Corporation [Member]
Business Acquisition [Line Items]
Consideration payable in form of restricted stock units		$ 1,700,000
Award vesting period		2 years

Business Combinations (Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jun. 01, 2017	Mar. 01, 2017	Feb. 28, 2018	Nov. 30, 2017
Business Acquisition [Line Items]
Goodwill			$ 315,106	$ 315,041
Kinvey, Inc. [Member]
Business Acquisition [Line Items]
Net working capital	$ (963)
Property, plant and equipment	26
Net deferred tax assets	1,465
Goodwill	24,351
Net assets acquired	48,879
DataRPM Corporation [Member]
Business Acquisition [Line Items]
Net working capital		$ (174)
Property, plant and equipment		68
Deferred taxes		(5,006)
Goodwill		12,583
Net assets acquired		28,271
Purchased technology [Member] \| Kinvey, Inc. [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 22,100
Finite-lived intangible assets, useful life	5 years
Purchased technology [Member] \| DataRPM Corporation [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets		$ 19,900
Finite-lived intangible assets, useful life		5 years
Trade name [Member] \| Kinvey, Inc. [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 1,800
Finite-lived intangible assets, useful life	5 years
Trade name [Member] \| DataRPM Corporation [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets		$ 800
Finite-lived intangible assets, useful life		5 years
Customer relationships [Member] \| Kinvey, Inc. [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 100
Finite-lived intangible assets, useful life	5 years
Customer relationships [Member] \| DataRPM Corporation [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets		$ 100
Finite-lived intangible assets, useful life		5 years

Term Loan and Line of Credit (Narrative) (Details)	3 Months Ended
Term Loan and Line of Credit (Narrative) (Details)	Feb. 28, 2018 USD ($) payment	Feb. 28, 2017 USD ($)	Nov. 30, 2017 USD ($)	Nov. 20, 2017 USD ($)	Dec. 02, 2014 USD ($)
Line of Credit Facility [Line Items]
Outstanding balance	$ 122,203,000
Current portion of long-term debt	$ 5,819,000		$ 5,819,000
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Number of payments in years one and two \| payment	8
Principal payments for years one and two	$ 1,500,000
Number of payments in year three \| payment	4
Principal payments for year three	$ 2,300,000
Number of payments in year four \| payment	4
Principal payments for year four	$ 3,100,000
Number of payments in year five \| payment	3
Principal payments for year five	$ 3,900,000
Debt issuance cost				$ 1,200,000
Unamortized debt issuance costs				700,000
Amortization of debt issuance costs	100,000	$ 100,000
Credit Agreement [Member] \| Revolving line of credit [Member]
Line of Credit Facility [Line Items]
Unsecured credit facility				150,000,000.0
Additional borrowing capacity available				125,000,000.0
Line of credit facility outstanding amount	0
Credit Agreement [Member] \| Swing line loans [Member]
Line of Credit Facility [Line Items]
Unsecured credit facility					$ 25,000,000.0
Credit Agreement [Member] \| Letter of credit [Member]
Line of Credit Facility [Line Items]
Unsecured credit facility					$ 25,000,000.0
Line of credit facility outstanding amount	1,400,000
Term Loan [Member] \| Credit Agreement [Member]
Line of Credit Facility [Line Items]
Term loan				$ 123,800,000
Outstanding balance	122,200,000
Current portion of long-term debt	$ 6,200,000
Line of Credit [Member] \| Credit Agreement [Member]
Line of Credit Facility [Line Items]
Interest rate at end of period (as a percent)	3.125%
Minimum [Member] \| Credit Agreement [Member]
Line of Credit Facility [Line Items]
Commitment fee on undrawn portion (as a percent)	0.25%
Maximum [Member] \| Credit Agreement [Member]
Line of Credit Facility [Line Items]
Commitment fee on undrawn portion (as a percent)	0.35%
Eurodollar [Member] \| Minimum [Member] \| Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.50%
Eurodollar [Member] \| Maximum [Member] \| Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	2.00%
Base Rate [Member] \| Minimum [Member] \| Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.50%
Base Rate [Member] \| Maximum [Member] \| Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.00%

Term Loan and Line of Credit (Future Maturities) (Details) $ in Thousands	Feb. 28, 2018 USD ($)
Line of Credit Facility [Abstract]
Remainder of 2018	$ 4,640
2019	6,188
2020	9,281
2021	12,375
2022	89,719
Total	$ 122,203

Common Stock Repurchases (Details) - USD ($) shares in Millions	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Sep. 30, 2017
Common Stock Repurchases [Abstract]
Common stock repurchased and retired (in shares)	1.1	0.6
Common stock repurchased and retired	$ 45,000,000	$ 18,100,000
Authorized amount for share repurchase programs			$ 250,000,000.0
Remaining authorized repurchase amount	$ 175,000,000

Stock-Based Compensation (Narrative) (Details)	3 Months Ended
Stock-Based Compensation (Narrative) (Details)	Feb. 28, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award market condition period	3 years
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation award service period (in years)	4 years
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation award service period (in years)	3 years

Stock-Based Compensation (Classification of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 4,570	$ 1,630
Cost of maintenance and services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	246	256
Sales and marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	370	363
Product development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	2,046	(104)
General and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 1,908	$ 1,115

Accumulated Other Comprehensive Loss (Details) $ in Thousands	3 Months Ended
	Feb. 28, 2018 USD ($)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2017	$ 376,084
Balance, February 28, 2018	347,652
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2017	(18,999)
Other comprehensive income (loss) before reclassifications, net of tax	3,804
Balance, February 28, 2018	(15,195)
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2017	(18,770)
Other comprehensive income (loss) before reclassifications, net of tax	3,831
Balance, February 28, 2018	(14,939)
Unrealized Losses on Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2017	(229)
Other comprehensive income (loss) before reclassifications, net of tax	(27)
Balance, February 28, 2018	$ (256)

Restructuring Charges (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Nov. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 1,821	$ 17,139
2017 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Global workforce reduction (as a percent)			20.00%
2017 Restructuring Activities [Member] \| Other Accrued Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Short-term portion of restructuring reserve	3,100
2017 Restructuring Activities [Member] \| Other Noncurrent Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Long-term portion of restructuring reserve	$ 200

Restructuring Charges (Summary of Restructuring Activity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 4,126
Costs incurred	1,821	$ 17,139
Cash disbursements	(2,739)
Translation adjustments and other	73
Ending Balance	3,281
Excess Facilities and Other Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	570
Costs incurred	840
Cash disbursements	(465)
Translation adjustments and other	48
Ending Balance	993
Employee Severance and Related Benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	3,556
Costs incurred	981
Cash disbursements	(2,274)
Translation adjustments and other	25
Ending Balance	$ 2,288

Income Taxes (Details) $ in Millions	3 Months Ended
Income Taxes (Details) $ in Millions	Feb. 28, 2018 USD ($)
Income Tax Disclosure [Abstract]
Provisional income tax benefit	$ 1.4

Earnings (Loss) Per Share (Calculation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Earnings Per Share [Abstract]
Net (loss) income (in dollars)	$ 12,912	$ (525)
Weighted average shares outstanding (in shares)	46,529	48,733
Dilutive impact from common stock equivalents (in shares)	947	0
Diluted weighted average shares outstanding (in shares)	47,476	48,733
Basic (loss) earnings per share (in dollars per share)	$ 0.28	$ (0.01)
Diluted (loss) earnings per share (in dollars per share)	$ 0.27	$ (0.01)

- Definition

The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

Earnings (Loss) Per Share (Narrative) (Details) - shares shares in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Earnings Per Share [Abstract]
Number of shares excluded from the calculation of diluted earnings per share	344	2,340

Business Segments and International Operations (Narrative) (Details)	3 Months Ended
	Feb. 28, 2018 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segments and International Operations (Income from Continuing Operations by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	$ 94,047	$ 90,970
Segment costs of revenue and operating expenses	24,189	27,675
Segment contribution margin	69,858	63,295
Other unallocated expenses	52,090	62,073
Income from operations	17,768	1,222
Other (expense) income, net	(1,585)	(1,347)
Income (loss) before income taxes	16,183	(125)
OpenEdge [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	66,408	64,508
Segment costs of revenue and operating expenses	15,762	17,877
Segment contribution margin	50,646	46,631
Data Connectivity and Integration [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	7,604	6,828
Segment costs of revenue and operating expenses	1,629	2,262
Segment contribution margin	5,975	4,566
Application Development and Deployment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	20,035	19,634
Segment costs of revenue and operating expenses	6,798	7,536
Segment contribution margin	$ 13,237	$ 12,098

Business Segments and International Operations (Revenue from External Customers by Product) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Segment Reporting [Abstract]
Software licenses	$ 25,343	$ 24,322
Maintenance	61,479	59,138
Services	7,225	7,510
Total revenue	$ 94,047	$ 90,970

Business Segments and International Operations (Revenue from External Customers from Different Geographical Areas) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Revenue from External Customer [Line Items]
Total revenue	$ 94,047	$ 90,970
North America [Member]
Revenue from External Customer [Line Items]
Total revenue	51,641	50,305
EMEA [Member]
Revenue from External Customer [Line Items]
Total revenue	33,014	29,844
Latin America [Member]
Revenue from External Customer [Line Items]
Total revenue	4,461	5,023
Asia Pacific [Member]
Revenue from External Customer [Line Items]
Total revenue	$ 4,931	$ 5,798