Progress Software (PRGS) 10-Q 8 Apr 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Feb. 29, 2016	Mar. 30, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	PROGRESS SOFTWARE CORP /MA
Entity Central Index Key	876,167
Document Type	10-Q
Document Period End Date	Feb. 29, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		50,316,861

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 29, 2016	Nov. 30, 2015
Current assets:
Cash and cash equivalents	$ 203,704	$ 212,379
Short-term investments	47,787	28,900
Total cash, cash equivalents and short-term investments	251,491	241,279
Accounts receivable (less allowances of $1,917 and $2,193, respectively)	58,829	66,459
Other current assets	20,575	15,671
Total current assets	330,895	323,409
Property and equipment, net	53,492	54,226
Intangible assets, net	106,988	114,113
Goodwill	369,964	369,985
Deferred tax assets	11,635	10,971
Other assets	3,894	4,419
Total assets	876,868	877,123
Current liabilities:
Current portion of long-term debt	9,375	9,375
Accounts payable	11,917	11,188
Accrued compensation and related taxes	20,339	29,720
Income taxes payable	3,088	2,941
Other accrued liabilities	22,529	21,465
Short-term deferred revenue	136,159	125,227
Total current liabilities	203,407	199,916
Long-term debt	131,250	135,000
Long-term deferred revenue	8,512	8,844
Deferred tax liabilities	7,348	7,112
Other noncurrent liabilities	$ 3,715	$ 3,787
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.01 par value; authorized, 1,000,000 shares; issued, none	$ 0	$ 0
Common stock, $0.01 par value, and additional paid-in capital; authorized, 200,000,000 shares; issued and outstanding, 50,438,670 shares in 2016 and 50,579,539 shares in 2015	232,233	227,930
Retained earnings	316,082	319,162
Accumulated other comprehensive loss	(25,679)	(24,628)
Total shareholders’ equity	522,636	522,464
Total liabilities and shareholders’ equity	$ 876,868	$ 877,123

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Feb. 29, 2016	Nov. 30, 2015
Assets
Allowance for accounts receivable (in dollars)	$ 1,917	$ 2,193
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	50,438,670	50,579,539
Common stock, shares outstanding	50,438,670	50,579,539

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Revenue:
Software licenses	$ 23,955	$ 25,231
Maintenance and services	65,526	56,150
Total revenue	89,481	81,381
Costs of revenue:
Cost of software licenses	1,482	1,720
Cost of maintenance and services	10,329	11,275
Amortization of acquired intangibles	3,939	4,633
Total costs of revenue	15,750	17,628
Gross profit	73,731	63,753
Operating expenses:
Sales and marketing	29,658	30,751
Product development	21,797	22,821
General and administrative	12,380	14,315
Amortization of acquired intangibles	3,185	3,202
Restructuring expenses	(66)	2,344
Acquisition-related expenses	72	1,506
Total operating expenses	67,026	74,939
Income (loss) from operations	6,705	(11,186)
Other (expense) income:
Interest expense	(1,057)	(1,139)
Interest income and other, net	162	515
Foreign currency (loss) gain, net	(930)	1,557
Total other (expense) income, net	(1,825)	933
Income (loss) before income taxes	4,880	(10,253)
Provision (benefit) for income taxes	1,664	(9,282)
Net income (loss)	$ 3,216	$ (971)
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.06	$ (0.02)
Diluted (in dollars per share)	$ 0.06	$ (0.02)
Weighted average shares outstanding:
Basic (in shares)	50,810	50,668
Diluted (in shares)	51,440	50,668

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 3,216	$ (971)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(1,091)	(5,478)
Unrealized gains (losses) on investments, net of tax of $23 and $0 for 2016 and 2015, respectively	40	(2)
Total other comprehensive loss, net of tax	(1,051)	(5,480)
Comprehensive income (loss)	$ 2,165	$ (6,451)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Statement of Comprehensive Income [Abstract]
Tax provision (benefit) included in accumulated unrealized gains on investments	$ 23	$ 0

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Cash flows from operating activities:
Net income	$ 3,216	$ (971)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	2,230	2,595
Amortization of intangibles and other	7,710	8,546
Stock-based compensation	6,937	5,836
Deferred income taxes	(516)	(17,933)
Excess tax benefit from stock plans	(63)	(179)
Allowances for accounts receivable	(136)	207
Changes in operating assets and liabilities:
Accounts receivable	7,695	13,076
Other assets	(4,462)	5,724
Accounts payable and accrued liabilities	(11,167)	(5,068)
Income taxes payable	46	508
Deferred revenue	11,012	24,799
Net cash flows from operating activities	22,502	37,140
Cash flows used in investing activities:
Purchases of investments	(22,258)	(7,221)
Sales and maturities of investments	3,185	3,095
Purchases of property and equipment	(1,414)	(2,335)
Capitalized software development costs	0	(306)
Payments for acquisitions, net of cash acquired	0	(246,275)
Proceeds from divestitures, net	0	4,500
Net cash flows used in investing activities	(20,487)	(248,542)
Cash flows (used in) from financing activities:
Proceeds from stock-based compensation plans	3,670	3,338
Purchases of stock related to withholding taxes from the issuance of restricted stock units	(409)	0
Repurchases of common stock	(9,041)	(7,827)
Excess tax benefit from stock plans	63	179
Proceeds from the issuance of debt	0	150,000
Payment of long-term debt	(3,750)	(1,875)
Payment of issuance costs for long-term debt	0	(1,707)
Net cash flows (used in) from financing activities	(9,467)	142,108
Effect of exchange rate changes on cash	(1,223)	(6,753)
Net decrease in cash and cash equivalents	(8,675)	(76,047)
Cash and cash equivalents, beginning of period	212,379	263,082
Cash and cash equivalents, end of period	203,704	187,035
Supplemental disclosure:
Cash paid for income taxes, net of refunds of $442 in 2016 and $503 in 2015	5,587	2,399
Cash paid for interest	765	702
Non-cash financing activities:
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested	4,368	1,408
Unsettled repurchases of common stock	$ 2,645	$ 0

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Statement of Cash Flows [Abstract]
Proceeds from income tax refunds	$ 442	$ 503

Basis of Presentation

Basis of Presentation	3 Months Ended
	Feb. 29, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Company Overview - We are a global software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership. Our comprehensive portfolio of products provides leading solutions for rapid development, broad data integration and efficient data analysis. Our solutions are used across a variety of industries. 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 independent software vendors (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, 2015 . We made no significant 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, 2015 . 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, 2015, 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 April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03). ASU 2015-03 requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The guidance in ASU 2015-03 is required for annual reporting periods beginning after December 15, 2015, including interim periods within the reporting period. Early adoption is permitted for financial statements that have not been previously issued. The Company expects the impact on the Company's consolidated balance sheets to be a reclassification of up to $1.1 million from other assets to long-term debt as of December 1, 2016. In June 2014, the FASB issued Accounting Standards Update No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (ASU 2014-12). ASU 2014-12 brings consistency to the accounting for share-based payment awards that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. This guidance is effective for all entities for reporting periods (including interim periods) beginning after December 15, 2015. Early adoption is permitted. In addition, all entities will have the option of applying the guidance either prospectively (i.e., only to awards granted or modified on or after the effective date of the ASU) or retrospectively. We are currently evaluating the effect that implementation of this update will have on our consolidated financial position and results of operations upon adoption. 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. This new guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. Early adoption is not permitted. Entities have the option of using either a full retrospective or a modified approach to adopt the guidance. 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 new effective date for the Company will be December 1, 2018. This update will impact the timing and amounts of revenue recognized. Management is currently assessing the impact the adoption of this ASU will have on the Company’s consolidated financial statements.

Cash, Cash Equivalents and Inve

Cash, Cash Equivalents and Investments	3 Months Ended
	Feb. 29, 2016
Investments and Cash [Abstract]
Cash, Cash Equivalents and Investments	Cash, Cash Equivalents and Investments A summary of our cash, cash equivalents and available-for-sale investments at February 29, 2016 is as follows (in thousands): Amortized Cost Basis Unrealized Gains Unrealized Losses Fair Value Cash $ 196,422 $ — $ — $ 196,422 Money market funds 7,282 — — 7,282 State and municipal bond obligations 38,217 78 — 38,295 U.S. treasury bonds 4,110 — (5 ) 4,105 U.S. government agency bonds 1,639 — (1 ) 1,638 Corporate bonds 3,755 — (6 ) 3,749 Total $ 251,425 $ 78 $ (12 ) $ 251,491 A summary of our cash, cash equivalents and available-for-sale investments at November 30, 2015 is as follows (in thousands): Amortized Cost Basis Unrealized Gains Unrealized Losses Fair Value Cash $ 186,241 $ — $ — $ 186,241 Money market funds 26,138 — — 26,138 State and municipal bond obligations 20,387 30 — 20,417 U.S. treasury bonds 3,109 — (15 ) 3,094 U.S. government agency bonds 1,645 — (4 ) 1,641 Corporate bonds 3,756 — (8 ) 3,748 Total $ 241,276 $ 30 $ (27 ) $ 241,279 Such amounts are classified on our condensed consolidated balance sheets as follows (in thousands): February 29, 2016 November 30, 2015 Cash and Equivalents Short-Term Investments Cash and Equivalents Short-Term Investments Cash $ 196,422 $ — $ 186,241 $ — Money market funds 7,282 — 26,138 — State and municipal bond obligations — 38,295 — 20,417 U.S. treasury bonds — 4,105 — 3,094 U.S. government agency bonds — 1,638 — 1,641 Corporate bonds — 3,749 — 3,748 Total $ 203,704 $ 47,787 $ 212,379 $ 28,900 The fair value of debt securities by contractual maturity is as follows (in thousands): February 29, November 30, Due in one year or less $ 24,094 $ 15,945 Due after one year (1) 23,693 12,955 Total $ 47,787 $ 28,900 (1) Includes state and municipal bond obligations, which are securities representing investments available for current operations and are classified as current in the consolidated balance sheets. We did not hold any investments with continuous unrealized losses as of February 29, 2016 or November 30, 2015 .

Derivative Instruments

Derivative Instruments	3 Months Ended
	Feb. 29, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	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 in other current assets or other accrued liabilities on the consolidated balance sheets at the end of each reporting period and expire from 90 days to one year . In the three months ended February 29, 2016 and February 28, 2015, realized and unrealized losses of $1.5 million and $1.3 million , respectively, from our forward contracts were recognized in foreign currency (loss) gain, net in the condensed consolidated statements of operations. The losses were substantially offset by realized and unrealized gains 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 29, 2016 November 30, 2015 Notional Value Fair Value Notional Value Fair Value Forward contracts to sell U.S. dollars $ 81,146 $ (5,119 ) $ 76,748 $ (4,026 ) Forward contracts to purchase U.S. dollars 2,494 19 2,077 5 Total $ 83,640 $ (5,100 ) $ 78,825 $ (4,021 )

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Feb. 29, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	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 29, 2016 (in thousands): Fair Value Measurements Using Total Fair Value Level 1 Level 2 Level 3 Assets Money market funds $ 7,282 $ 7,282 $ — $ — State and municipal bond obligations 38,295 — 38,295 — U.S. treasury bonds 4,105 — 4,105 — U.S. government agency bonds 1,638 — 1,638 — Corporate bonds 3,749 — 3,749 — Liabilities Foreign exchange derivatives $ (5,100 ) $ — $ (5,100 ) $ — The following table details the fair value measurements within the fair value hierarchy of our financial assets and liabilities at November 30, 2015 (in thousands): Fair Value Measurements Using Total Fair Value Level 1 Level 2 Level 3 Assets Money market funds $ 26,138 $ 26,138 $ — $ — State and municipal bond obligations 20,417 — 20,417 — U.S. treasury bonds 3,094 — 3,094 — U.S. government agency bonds 1,641 — 1,641 — Corporate bonds 3,748 — 3,748 — Liabilities Foreign exchange derivatives $ (4,021 ) $ — $ (4,021 ) $ — 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. The following table reflects the activity for our liabilities measured at fair value using Level 3 inputs for each period presented (in thousands): Three Months Ended February 29, February 28, Balance, beginning of period $ — $ 1,717 Changes in fair value of contingent consideration obligation — (102 ) Balance, end of period $ — $ 1,615 We recorded credits of approximately $0.1 million during the three months ended February 28, 2015 due to the change in fair value of the contingent consideration obligation, which is included in acquisition-related expenses in our condensed consolidated statement of operations. The contingent consideration obligation was reduced to $0 during the fiscal year ended November 30, 2015. We did not have any nonrecurring fair value measurements during the three months ended February 29, 2016.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	3 Months Ended
	Feb. 29, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets Intangible assets are comprised of the following significant classes (in thousands): February 29, 2016 November 30, 2015 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Purchased technology $ 117,204 $ (58,956 ) $ 58,248 $ 117,151 $ (54,963 ) $ 62,188 Customer-related 67,602 (28,081 ) 39,521 67,602 (25,493 ) 42,109 Trademarks and trade names 15,330 (6,111 ) 9,219 15,330 (5,514 ) 9,816 Total $ 200,136 $ (93,148 ) $ 106,988 $ 200,083 $ (85,970 ) $ 114,113 In the first quarter of fiscal years 2016 and 2015, amortization expense related to intangible assets was $7.1 million and $7.8 million , respectively. Future amortization expense for intangible assets as of February 29, 2016 , is as follows (in thousands): Remainder of 2016 $ 21,374 2017 28,499 2018 27,686 2019 26,561 2020 1,786 Thereafter 1,082 Total $ 106,988 Goodwill Changes in the carrying amount of goodwill in the three months ended February 29, 2016 are as follows (in thousands): Balance, November 30, 2015 $ 369,985 Translation adjustments (21 ) Balance, February 29, 2016 $ 369,964 Changes in the goodwill balances by reportable segment in the three months ended February 29, 2016 are as follows (in thousands): November 30, 2015 Translation Adjustments February 29, 2016 OpenEdge $ 211,980 $ (21 ) $ 211,959 Data Connectivity and Integration 19,040 — 19,040 Application Development and Deployment 138,965 — 138,965 Total goodwill $ 369,985 $ (21 ) $ 369,964 During the fourth quarter of fiscal year 2015, we completed our annual testing for impairment of goodwill and, based on those tests, concluded that no impairment of goodwill existed as of October 31, 2015. During the quarter ending February 29, 2016 , 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.

Business Combinations

Business Combinations	3 Months Ended
	Feb. 29, 2016
Business Combinations [Abstract]
Business Combinations	Business Combinations Telerik Acquisition On December 2, 2014, we completed the acquisition of all of the outstanding securities of Telerik AD (Telerik), a leading provider of application development tools based in Sofia, Bulgaria, for total consideration of $262.5 million . Approximately $10.5 million of the total consideration was paid to Telerik’s founders and certain other key employees in restricted stock units, subject to a vesting schedule and continued employment. Under the Securities Purchase Agreement, 10% of the total consideration was deposited into an escrow account to secure certain indemnification and other obligations of the sellers to Progress. Through this acquisition, we now provide comprehensive cloud and on-premise platform offerings that enable developers to rapidly create applications, driven by data for any web, desktop or mobile platform. We funded the acquisition through a combination of existing cash resources and a $150 million term loan (Note 7). The total consideration, less the fair value of the granted restricted stock units discussed above, which are considered compensation arrangements, has been allocated to Telerik’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 following table discloses the net assets acquired in the business combination (in thousands): Total Weighted Average Life Net working capital $ 8,222 Property, plant and equipment 3,078 Identifiable intangible assets 123,100 5 years Deferred taxes (9,272 ) Deferred revenue (7,915 ) Other non-current liabilities (2,732 ) Goodwill 137,472 Net assets acquired $ 251,953 The fair value of the intangible assets has been estimated using the income approach in which the after-tax cash flows are discounted to present value. The cash flows are based on estimates prepared by management, 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. Based on the valuation, the acquired intangible assets are comprised of purchased technology of approximately $64.8 million , customer-related of approximately $47.1 million , and trademarks and trade names of approximately $11.2 million . Deferred taxes include deferred tax liabilities resulting from the tax effects of fair value adjustments related to identifiable intangible assets and deferred revenue, partially offset by the fair value of deferred tax assets acquired from Telerik. Tangible assets acquired and assumed liabilities were recorded at fair value. The valuation of the assumed deferred revenue was based on our contractual commitment to provide post-contract customer support to Telerik customers and future contractual performance obligations under existing hosting arrangements. The fair value of this assumed liability was based on the estimated cost plus a reasonable margin to fulfill these service obligations. A significant portion of the deferred revenue was recognized during fiscal year 2015. 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 $137.5 million of goodwill, which is not deductible for tax purposes. The allocation of the purchase price was completed during the three months ended November 30, 2015 upon the finalization of our valuation of identifiable intangible assets. As discussed above, approximately $10.5 million of the total consideration was paid to Telerik’s founders and certain other key employees in restricted stock units, subject to a vesting schedule and continued employment. We concluded that the restricted stock units are compensation arrangements and stock-based compensation expense is recognized over the service period of the awards. We recorded $1.6 million and $0.7 million of stock-based compensation expense related to these restricted stock units for the three months ended February 29, 2016 and February 28, 2015, respectively. This amount is recorded as operating expenses in our condensed consolidated statement of operations. Acquisition-related transaction costs (e.g., legal, due diligence, valuation, and other professional fees) and certain acquisition restructuring and related charges are not included as a component of consideration transferred, but are required to be expensed as incurred. We incurred minimal acquisition-related costs during the three months ended February 29, 2016 and approximately $0.8 million during the three months ended February 28, 2015, which are included in acquisition-related expenses in our condensed consolidated statement of operations. In connection with the acquisition of Telerik, we agreed to provide retention bonuses to certain Telerik employees as an incentive for those employees to remain with Telerik for at least one year following the acquisition. We concluded that the retention bonuses for these individuals, which total approximately $2.5 million , are compensation arrangements and recognized these costs over the one -year service period. During the three months ended February 28, 2015, we incurred $0.6 million of expense related to the retention bonuses, which is included in the acquisition-related expenses in our consolidated statement of operations. There were no additional expenses related to the retention bonuses incurred during the three months ended February 29, 2016 and the entire amount accrued during fiscal year 2015 was paid during December 2015. The operations of Telerik are included in our operating results as part of the Application Development and Deployment segment from the date of acquisition. The amount of revenue of Telerik included in our condensed consolidated statement of operations during the first three months of fiscal years 2016 and 2015 was $18.1 million and $4.5 million , respectively. The revenue of Telerik products and maintenance is primarily recognized ratably over the maintenance period, which is generally one year, as vendor specific objective evidence of fair value cannot be established for such maintenance. The amount of pretax losses of Telerik included in our condensed consolidated statement of operations during the first three months of fiscal years 2016 and 2015 was $4.9 million and $17.1 million , respectively. The pretax losses in each period include the amortization expense of approximately $6.2 million related to the acquired intangible assets discussed above.

Term Loan and Line of Credit

Term Loan and Line of Credit	3 Months Ended
	Feb. 29, 2016
Line of Credit Facility [Abstract]
Term Loan and Line of Credit	Term Loan and Line of Credit On December 2, 2014, we entered into a credit agreement (the Credit Agreement) with each of the lenders party thereto (the Lenders), JPMorgan Chase Bank, N.A., as Administrative Agent, Wells Fargo Bank, N.A. and Citizens Bank, N.A., as Syndication Agents, Bank of America, N.A., Citibank, N.A. and Silicon Valley Bank, as Documentation Agents, and J.P. Morgan Securities LLC, as Sole Bookrunner and Sole Lead Arranger, providing for a $150 million secured term loan and a $150 million secured revolving credit facility, which may be made available in U.S. Dollars and certain other currencies. The revolving credit facility may be increased by up to an additional $75 million if the existing or additional lenders are willing to make such increased commitments. We borrowed the $150 million term loan included in the Credit Agreement to partially fund our acquisition of Telerik, as described in Note 6. 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 determined based on an index selected at our option and would range from 1.50% to 2.25% above the Eurodollar rate for Eurodollar-based borrowings or would range from 0.50% to 1.25% above the defined base rate for base rate borrowings, in each case based upon our leverage ratio. Additionally, we may borrow certain foreign currencies at rates set in the same range above the respective London interbank offered interest rates (LIBOR) for those currencies, based on our leverage ratio. A quarterly commitment fee on the undrawn portion of the revolving credit facility is required, ranging from 0.25% to 0.40% per annum, based upon our leverage ratio. The interest rate of the credit facility as of February 29, 2016 was 2.19% . The credit facility matures on December 2, 2019, 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 $150 million term loan as of February 29, 2016 was $140.6 million , with $9.4 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, 2015. The first eight payments are in the principal amount of $1.9 million each, the following eight payments are in the principal amount of $3.8 million each, the following three payments are in the principal amount of $5.6 million each, and 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 29, 2016, 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 to obtain our long-term debt of $1.8 million were recorded as debt issuance costs within other assets in our consolidated balance sheet as of February 29, 2016 and 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 29, 2016 and February 28, 2015, respectively, is recorded within interest expense in our condensed consolidated statements of operations. Revolving loans may be borrowed, repaid and reborrowed until December 2, 2019, at which time all amounts outstanding must be repaid. Accrued interest on the loans is payable quarterly in arrears with respect to base rate loans and at the end of each interest rate period (or at each three month interval in the case of loans with interest periods greater than three months) with respect to LIBOR rate loans. We may prepay the loans or terminate or reduce the commitments in whole or in part at any time, without premium or penalty, subject to certain conditions and reimbursement of certain costs in the case of LIBOR rate loans. As of February 29, 2016, there were no amounts outstanding under the revolving line and $0.5 million of letters of credit. We are the sole borrower under the credit facility. Our obligations under the Credit Agreement are guaranteed by each of our material domestic subsidiaries and are secured by substantially all of our assets and such material domestic subsidiaries, as well as 100% of the capital stock of our domestic subsidiaries and 65% of the capital stock of our first-tier foreign subsidiaries, in each case, subject to certain exceptions as described in the Credit Agreement. Future material domestic subsidiaries will be required to guaranty our obligations under the Credit Agreement, and to grant security interests in substantially all of their assets to secure such obligations. The Credit Agreement generally prohibits, with certain exceptions, any other liens on our assets, subject to certain exceptions as described in the Credit Agreement. The credit facility contains customary affirmative and negative covenants, including covenants that limit or restrict our ability to, among other things, grant liens, make investments, make acquisitions, incur indebtedness, merge or consolidate, dispose of assets, pay dividends or make distributions, repurchase stock, change the nature of the business, enter into certain transactions with affiliates and enter into burdensome agreements, in each case subject to customary exceptions for a credit facility of this size and type. We are also required to maintain compliance with a consolidated fixed charge coverage ratio, a consolidated total leverage ratio and a consolidated senior secured leverage ratio. As of February 29, 2016, aggregate principal payments of long-term debt for the next five years and thereafter are (in thousands): Remainder of 2016 $ 5,625 2017 15,000 2018 15,000 2019 105,000 Total $ 140,625

Common Stock Repurchases

Common Stock Repurchases	3 Months Ended
	Feb. 29, 2016
Common Stock Repurchases [Abstract]
Common Stock Repurchases	Common Stock Repurchases We repurchased and retired 0.5 million shares of our common stock for $11.7 million in the three months ended February 29, 2016 and 0.3 million shares for $7.8 million in the three months ended February 28, 2015. The shares were repurchased in both periods as part of our Board of Directors authorized share repurchase program. In March 2016, our Board of Directors authorized a new $100.0 million share repurchase program, which increased the total authorization to $202.8 million .

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Feb. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense reflects the fair value of stock-based awards 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 or the Black-Scholes option valuation model. In addition, during the first quarter of fiscal year 2014, each of the first three quarters of fiscal year 2015, and the first quarter of fiscal year 2016, we granted performance-based restricted stock units that include a three -year market condition. In order to estimate the fair value of such awards, we used a Monte Carlo Simulation valuation model. 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 or 5 years for options and 3 years for restricted stock units. We recognize stock-based compensation expense related to performance stock units and 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 29, February 28, Cost of maintenance and services $ 196 $ 165 Sales and marketing 1,078 1,237 Product development 2,679 1,502 General and administrative 2,984 2,932 Total stock-based compensation $ 6,937 $ 5,836

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Feb. 29, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated balances of other comprehensive loss during the three months ended February 29, 2016 (in thousands): Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Investments Accumulated Other Comprehensive Loss Balance, December 1, 2015 $ (24,582 ) $ (46 ) $ (24,628 ) Other comprehensive loss before reclassifications, net of tax (1,091 ) 40 (1,051 ) Balance, February 29, 2016 $ (25,673 ) $ (6 ) $ (25,679 ) The tax effect on accumulated unrealized gains (losses) on investments was minimal as of February 29, 2016 and November 30, 2015 .

Restructuring Charges

Restructuring Charges	3 Months Ended
	Feb. 29, 2016
Restructuring Charges [Abstract]
Restructuring Charges	Restructuring Charges The following table provides a summary of activity for all of the restructuring actions, which are detailed further below (in thousands): Excess Facilities and Other Costs Employee Severance and Related Benefits Total Balance, December 1, 2015 $ 412 $ 2,949 $ 3,361 Costs incurred 76 (142 ) (66 ) Cash disbursements (216 ) (1,376 ) (1,592 ) Translation adjustments and other 5 10 15 Balance, February 29, 2016 $ 277 $ 1,441 $ 1,718 2015 Restructurings During the first quarter of fiscal year 2015, we restructured our operations in connection with the acquisition of Telerik. This restructuring resulted in a reduction in redundant positions primarily within the administrative functions. This restructuring also resulted in the closing of two facilities as well as asset impairment charges for assets no longer deployed as a result of the acquisition. During the second and third quarters of fiscal year 2015, we incurred additional costs with respect to this restructuring, including reduction in redundant positions primarily within the product development function, as well as an impairment charge discussed further below. 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. During the second quarter of fiscal year 2015, we decided to replace our existing cloud-based mobile application development technology with technology acquired in connection with the acquisition of Telerik. Accordingly, we evaluated the ongoing value of the assets associated with this prior mobile technology and, based on this evaluation, we determined that the long-lived assets with a carrying amount of $4.0 million were no longer recoverable and were impaired and wrote them down to their estimated fair value of $0.1 million . Fair value was based on expected future cash flows using Level 3 inputs under ASC 820. As part of this first quarter of fiscal year 2015 restructuring, for the three months ended February 29, 2016 and February 28, 2015, we incurred expenses of $0.1 million and $1.0 million , respectively. The expenses are recorded as restructuring expenses in the condensed consolidated statements of operations. We do not expect to incur additional material costs with respect to this restructuring. A summary of the first three months of fiscal year 2016 activity for this restructuring action is as follows (in thousands): Excess Facilities and Other Costs Employee Severance and Related Benefits Total Balance, December 1, 2015 $ 209 $ 309 $ 518 Costs incurred 71 (19 ) 52 Cash disbursements (134 ) (217 ) (351 ) Translation adjustments and other 4 3 7 Balance, February 29, 2016 $ 150 $ 76 $ 226 Cash disbursements for expenses incurred to date under this restructuring are expected to be made through the third quarter of fiscal year 2016. As a result, the total amount of the restructuring reserve of $0.2 million is included in other accrued liabilities on the condensed consolidated balance sheet at February 29, 2016 . During the fourth quarter of fiscal year 2015, our management approved, committed to and initiated plans to make strategic changes to our organization to further build on the focus gained from operating under our business segment structure and to enable stronger cross-collaboration among product management, marketing and sales teams and a tighter integration of the product management and product development teams. In connection with the new organizational structure, we no longer have presidents of our three segments, as well as certain other positions within the administrative organization. Our Chief Operating Officer, appointed during fiscal year 2015, assumed responsibility for driving the operations of our three segments. The organizational changes did not result in the closing of any of our facilities. Restructuring expenses are related to employee costs, including severance, health benefits and outplacement services (but excluding stock-based compensation), and other costs, which include charges for the abandonment of certain assets. As part of this fourth quarter of fiscal year 2015 restructuring, for the three months ended February 29, 2016 , we recorded credits of $0.1 million to restructuring expenses in the consolidated statements of operations due to changes in estimates of severance to be paid. As we continue to operate under the new organization, which is still driven by our three segments, we may incur additional costs with respect to this restructuring, including severance charges and other employee costs. A summary of the first three months of fiscal year 2016 activity for this restructuring action is as follows (in thousands): Excess Facilities and Other Costs Employee Severance and Related Benefits Total Balance, December 1, 2015 $ — $ 2,617 $ 2,617 Costs incurred — (123 ) (123 ) Cash disbursements — (1,159 ) (1,159 ) Translation adjustments and other — 7 7 Balance, February 29, 2016 $ — $ 1,342 $ 1,342 Cash disbursements for expenses incurred to date under this restructuring are expected to be made through the fourth quarter of fiscal year 2016. As a result, the total amount of the restructuring reserve of $1.3 million is included in other accrued liabilities on the condensed consolidated balance sheet at February 29, 2016 . 2012 - 2014 Restructurings During fiscal years 2012, 2013, and 2014, our management approved, committed to and initiated plans to make strategic changes to our organization to provide greater focus and agility in the delivery of next generation application development, deployment and integration solutions. During each of these fiscal years, we took restructuring actions that involved the elimination of personnel and/or the closure of facilities. As part of these restructuring actions, for the three months ended February 29, 2016 , we incurred minimal expenses, and for the three months ended February 28, 2015, we incurred expenses of $1.4 million , which are related to employee costs, including severance, health benefits, and outplacement services, but excluding stock-based compensation, and facilities costs, which include fees to terminate lease agreements and costs for unused space, net of sublease assumptions. The expenses are recorded as restructuring expenses in the condensed consolidated statements of operations. We do not expect to incur additional material costs with respect to the 2012, 2013, and 2014 restructuring actions. The restructuring reserve of $0.1 million is included in other accrued liabilities on the condensed consolidated balance sheet as of February 29, 2016 .

Income Taxes

Income Taxes	3 Months Ended
	Feb. 29, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our income tax provision for the three months ended February 29, 2016 and February 28, 2015 reflects our estimates 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. The decrease in our effective tax rate in the three months ended February 29, 2016 compared to the same period in the prior year is primarily due to the jurisdictional mix of profits as a result of the acquisition of Telerik, where substantial losses were incurred in Bulgaria in fiscal year 2015 and tax effected at a 10% statutory rate and other jurisdictions’ earnings, primarily in the United States, were taxed at higher rates. The U.S. research and development credit was retroactively reinstated in December 2015. As a result, in the first quarter of fiscal year 2016 we recorded a tax benefit of $0.6 million related to qualifying research and development activities for the period from January 2015 to November 2015. The Internal Revenue Service is currently examining our U.S. Federal income tax returns for fiscal years 2013 and 2014. Our Federal income tax returns have been examined or are closed by statute for all years prior to fiscal year 2012, and we are no longer subject to audit for those periods. Our state income tax returns have been examined or are closed by statute for all years prior to fiscal year 2011, and we are no longer subject to audit for those periods. Tax authorities for certain non-U.S. jurisdictions are also examining returns, none of which are material to our consolidated balance sheets, cash flows or statements of income. With some exceptions, we are generally no longer subject to tax examinations in non-U.S. jurisdictions for years prior to fiscal year 2010.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Feb. 29, 2016
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share We compute basic earnings per share using the weighted average number of common shares outstanding. We compute diluted earnings 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. As we incurred a net loss during the three months ended February 28, 2015, basic and diluted weighted average shares outstanding are the same. The following table sets forth the calculation of basic and diluted earnings per share on an interim basis (in thousands, except per share data): Three Months Ended February 29, February 28, Net income (loss) $ 3,216 $ (971 ) Weighted average shares outstanding 50,810 50,668 Dilutive impact from common stock equivalents 630 — Diluted weighted average shares outstanding 51,440 50,668 Basic earnings (loss) per share $ 0.06 $ (0.02 ) Diluted earnings (loss) per share $ 0.06 $ (0.02 ) We excluded stock awards representing approximately 532,000 shares and 948,000 shares of common stock from the calculation of diluted earnings per share in the three months ended February 29, 2016 and February 28, 2015, respectively, because these awards were anti-dilutive.

Business Segments and Internati

Business Segments and International Operations	3 Months Ended
	Feb. 29, 2016
Segment Reporting [Abstract]
Business Segments and International Operations	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 the combination of our Chief Executive Officer and Chief Operating Officer. 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 from our reportable segments and reconciles to the consolidated income (loss) before income taxes: Three Months Ended (In thousands) February 29, 2016 February 28, 2015 Segment revenue: OpenEdge $ 64,133 $ 69,471 Data Connectivity and Integration 6,596 7,113 Application Development and Deployment 18,752 4,797 Total revenue 89,481 81,381 Segment costs of revenue and operating expenses: OpenEdge 18,064 19,534 Data Connectivity and Integration 2,901 3,250 Application Development and Deployment 8,811 9,384 Total costs of revenue and operating expenses 29,776 32,168 Segment contribution: OpenEdge 46,069 49,937 Data Connectivity and Integration 3,695 3,863 Application Development and Deployment 9,941 (4,587 ) Total contribution 59,705 49,213 Other unallocated expenses (1) 53,000 60,399 Income (loss) from operations 6,705 (11,186 ) Other (expense) income, net (1,825 ) 933 Income (loss) before income taxes $ 4,880 $ (10,253 ) (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: product development, corporate marketing, administration, amortization of acquired intangibles, stock-based compensation, restructuring, and acquisition related expenses. Our revenues are derived from licensing our products, and from related services, which consist of maintenance and consulting and education. Information relating to revenue from customers by revenue type is as follows (in thousands): Three Months Ended (In thousands) February 29, February 28, Software licenses $ 23,955 $ 25,231 Maintenance 58,336 49,239 Professional services 7,190 6,911 Total $ 89,481 $ 81,381 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 29, February 28, North America $ 49,065 $ 42,125 EMEA 31,221 27,863 Latin America 3,693 4,967 Asia Pacific 5,502 6,426 Total $ 89,481 $ 81,381

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Feb. 29, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	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, 2015 . We made no significant 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, 2015 . 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, 2015, 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	Recent Accounting Pronouncements - In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03). ASU 2015-03 requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The guidance in ASU 2015-03 is required for annual reporting periods beginning after December 15, 2015, including interim periods within the reporting period. Early adoption is permitted for financial statements that have not been previously issued. The Company expects the impact on the Company's consolidated balance sheets to be a reclassification of up to $1.1 million from other assets to long-term debt as of December 1, 2016. In June 2014, the FASB issued Accounting Standards Update No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (ASU 2014-12). ASU 2014-12 brings consistency to the accounting for share-based payment awards that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. This guidance is effective for all entities for reporting periods (including interim periods) beginning after December 15, 2015. Early adoption is permitted. In addition, all entities will have the option of applying the guidance either prospectively (i.e., only to awards granted or modified on or after the effective date of the ASU) or retrospectively. We are currently evaluating the effect that implementation of this update will have on our consolidated financial position and results of operations upon adoption. 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. This new guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. Early adoption is not permitted. Entities have the option of using either a full retrospective or a modified approach to adopt the guidance. 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 new effective date for the Company will be December 1, 2018. This update will impact the timing and amounts of revenue recognized. Management is currently assessing the impact the adoption of this ASU will have on the Company’s consolidated financial statements.

Cash, Cash Equivalents and In24

Cash, Cash Equivalents and Investments (Tables)	3 Months Ended
	Feb. 29, 2016
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 29, 2016 is as follows (in thousands): Amortized Cost Basis Unrealized Gains Unrealized Losses Fair Value Cash $ 196,422 $ — $ — $ 196,422 Money market funds 7,282 — — 7,282 State and municipal bond obligations 38,217 78 — 38,295 U.S. treasury bonds 4,110 — (5 ) 4,105 U.S. government agency bonds 1,639 — (1 ) 1,638 Corporate bonds 3,755 — (6 ) 3,749 Total $ 251,425 $ 78 $ (12 ) $ 251,491 A summary of our cash, cash equivalents and available-for-sale investments at November 30, 2015 is as follows (in thousands): Amortized Cost Basis Unrealized Gains Unrealized Losses Fair Value Cash $ 186,241 $ — $ — $ 186,241 Money market funds 26,138 — — 26,138 State and municipal bond obligations 20,387 30 — 20,417 U.S. treasury bonds 3,109 — (15 ) 3,094 U.S. government agency bonds 1,645 — (4 ) 1,641 Corporate bonds 3,756 — (8 ) 3,748 Total $ 241,276 $ 30 $ (27 ) $ 241,279
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 29, 2016 November 30, 2015 Cash and Equivalents Short-Term Investments Cash and Equivalents Short-Term Investments Cash $ 196,422 $ — $ 186,241 $ — Money market funds 7,282 — 26,138 — State and municipal bond obligations — 38,295 — 20,417 U.S. treasury bonds — 4,105 — 3,094 U.S. government agency bonds — 1,638 — 1,641 Corporate bonds — 3,749 — 3,748 Total $ 203,704 $ 47,787 $ 212,379 $ 28,900
Fair Value of Debt Securities by Contractual Maturity	The fair value of debt securities by contractual maturity is as follows (in thousands): February 29, November 30, Due in one year or less $ 24,094 $ 15,945 Due after one year (1) 23,693 12,955 Total $ 47,787 $ 28,900 (1) Includes state and municipal bond obligations, which are securities representing investments available for current operations and are classified as current in the consolidated balance sheets.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Feb. 29, 2016
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 29, 2016 November 30, 2015 Notional Value Fair Value Notional Value Fair Value Forward contracts to sell U.S. dollars $ 81,146 $ (5,119 ) $ 76,748 $ (4,026 ) Forward contracts to purchase U.S. dollars 2,494 19 2,077 5 Total $ 83,640 $ (5,100 ) $ 78,825 $ (4,021 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Feb. 29, 2016
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 29, 2016 (in thousands): Fair Value Measurements Using Total Fair Value Level 1 Level 2 Level 3 Assets Money market funds $ 7,282 $ 7,282 $ — $ — State and municipal bond obligations 38,295 — 38,295 — U.S. treasury bonds 4,105 — 4,105 — U.S. government agency bonds 1,638 — 1,638 — Corporate bonds 3,749 — 3,749 — Liabilities Foreign exchange derivatives $ (5,100 ) $ — $ (5,100 ) $ — The following table details the fair value measurements within the fair value hierarchy of our financial assets and liabilities at November 30, 2015 (in thousands): Fair Value Measurements Using Total Fair Value Level 1 Level 2 Level 3 Assets Money market funds $ 26,138 $ 26,138 $ — $ — State and municipal bond obligations 20,417 — 20,417 — U.S. treasury bonds 3,094 — 3,094 — U.S. government agency bonds 1,641 — 1,641 — Corporate bonds 3,748 — 3,748 — Liabilities Foreign exchange derivatives $ (4,021 ) $ — $ (4,021 ) $ —
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table reflects the activity for our liabilities measured at fair value using Level 3 inputs for each period presented (in thousands): Three Months Ended February 29, February 28, Balance, beginning of period $ — $ 1,717 Changes in fair value of contingent consideration obligation — (102 ) Balance, end of period $ — $ 1,615

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	3 Months Ended
	Feb. 29, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets are comprised of the following significant classes (in thousands): February 29, 2016 November 30, 2015 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Purchased technology $ 117,204 $ (58,956 ) $ 58,248 $ 117,151 $ (54,963 ) $ 62,188 Customer-related 67,602 (28,081 ) 39,521 67,602 (25,493 ) 42,109 Trademarks and trade names 15,330 (6,111 ) 9,219 15,330 (5,514 ) 9,816 Total $ 200,136 $ (93,148 ) $ 106,988 $ 200,083 $ (85,970 ) $ 114,113
Schedule of Future Amortization Expense from Intangible Assets Held	Future amortization expense for intangible assets as of February 29, 2016 , is as follows (in thousands): Remainder of 2016 $ 21,374 2017 28,499 2018 27,686 2019 26,561 2020 1,786 Thereafter 1,082 Total $ 106,988
Schedule of Goodwill	Changes in the goodwill balances by reportable segment in the three months ended February 29, 2016 are as follows (in thousands): November 30, 2015 Translation Adjustments February 29, 2016 OpenEdge $ 211,980 $ (21 ) $ 211,959 Data Connectivity and Integration 19,040 — 19,040 Application Development and Deployment 138,965 — 138,965 Total goodwill $ 369,985 $ (21 ) $ 369,964 Changes in the carrying amount of goodwill in the three months ended February 29, 2016 are as follows (in thousands): Balance, November 30, 2015 $ 369,985 Translation adjustments (21 ) Balance, February 29, 2016 $ 369,964

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Feb. 29, 2016
Telerik AD [Member]
Business Acquisition [Line Items]
Schedule of Net Assets Acquired	The following table discloses the net assets acquired in the business combination (in thousands): Total Weighted Average Life Net working capital $ 8,222 Property, plant and equipment 3,078 Identifiable intangible assets 123,100 5 years Deferred taxes (9,272 ) Deferred revenue (7,915 ) Other non-current liabilities (2,732 ) Goodwill 137,472 Net assets acquired $ 251,953

Term Loan and Line of Credit (T

Term Loan and Line of Credit (Tables)	3 Months Ended
	Feb. 29, 2016
Line of Credit Facility [Abstract]
Schedule of Maturities of Long-term Debt	As of February 29, 2016, aggregate principal payments of long-term debt for the next five years and thereafter are (in thousands): Remainder of 2016 $ 5,625 2017 15,000 2018 15,000 2019 105,000 Total $ 140,625

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Feb. 29, 2016
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 29, February 28, Cost of maintenance and services $ 196 $ 165 Sales and marketing 1,078 1,237 Product development 2,679 1,502 General and administrative 2,984 2,932 Total stock-based compensation $ 6,937 $ 5,836

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Feb. 29, 2016
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 29, 2016 (in thousands): Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Investments Accumulated Other Comprehensive Loss Balance, December 1, 2015 $ (24,582 ) $ (46 ) $ (24,628 ) Other comprehensive loss before reclassifications, net of tax (1,091 ) 40 (1,051 ) Balance, February 29, 2016 $ (25,673 ) $ (6 ) $ (25,679 )

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
	Feb. 29, 2016
Restructuring Cost and Reserve [Line Items]
Summary of Restructuring Activity	The following table provides a summary of activity for all of the restructuring actions, which are detailed further below (in thousands): Excess Facilities and Other Costs Employee Severance and Related Benefits Total Balance, December 1, 2015 $ 412 $ 2,949 $ 3,361 Costs incurred 76 (142 ) (66 ) Cash disbursements (216 ) (1,376 ) (1,592 ) Translation adjustments and other 5 10 15 Balance, February 29, 2016 $ 277 $ 1,441 $ 1,718
2015 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Summary of Restructuring Activity	A summary of the first three months of fiscal year 2016 activity for this restructuring action is as follows (in thousands): Excess Facilities and Other Costs Employee Severance and Related Benefits Total Balance, December 1, 2015 $ 209 $ 309 $ 518 Costs incurred 71 (19 ) 52 Cash disbursements (134 ) (217 ) (351 ) Translation adjustments and other 4 3 7 Balance, February 29, 2016 $ 150 $ 76 $ 226 A summary of the first three months of fiscal year 2016 activity for this restructuring action is as follows (in thousands): Excess Facilities and Other Costs Employee Severance and Related Benefits Total Balance, December 1, 2015 $ — $ 2,617 $ 2,617 Costs incurred — (123 ) (123 ) Cash disbursements — (1,159 ) (1,159 ) Translation adjustments and other — 7 7 Balance, February 29, 2016 $ — $ 1,342 $ 1,342

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Feb. 29, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings Per Share	The following table sets forth the calculation of basic and diluted earnings per share on an interim basis (in thousands, except per share data): Three Months Ended February 29, February 28, Net income (loss) $ 3,216 $ (971 ) Weighted average shares outstanding 50,810 50,668 Dilutive impact from common stock equivalents 630 — Diluted weighted average shares outstanding 51,440 50,668 Basic earnings (loss) per share $ 0.06 $ (0.02 ) Diluted earnings (loss) per share $ 0.06 $ (0.02 )

Business Segments and Interna34

Business Segments and International Operations (Tables)	3 Months Ended
	Feb. 29, 2016
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table provides revenue and contribution from our reportable segments and reconciles to the consolidated income (loss) before income taxes: Three Months Ended (In thousands) February 29, 2016 February 28, 2015 Segment revenue: OpenEdge $ 64,133 $ 69,471 Data Connectivity and Integration 6,596 7,113 Application Development and Deployment 18,752 4,797 Total revenue 89,481 81,381 Segment costs of revenue and operating expenses: OpenEdge 18,064 19,534 Data Connectivity and Integration 2,901 3,250 Application Development and Deployment 8,811 9,384 Total costs of revenue and operating expenses 29,776 32,168 Segment contribution: OpenEdge 46,069 49,937 Data Connectivity and Integration 3,695 3,863 Application Development and Deployment 9,941 (4,587 ) Total contribution 59,705 49,213 Other unallocated expenses (1) 53,000 60,399 Income (loss) from operations 6,705 (11,186 ) Other (expense) income, net (1,825 ) 933 Income (loss) before income taxes $ 4,880 $ (10,253 ) (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: product development, corporate marketing, administration, amortization of acquired intangibles, stock-based compensation, restructuring, and acquisition related expenses.
Revenue from External Customers by Products and Services	Our revenues are derived from licensing our products, and from related services, which consist of maintenance and consulting and education. Information relating to revenue from customers by revenue type is as follows (in thousands): Three Months Ended (In thousands) February 29, February 28, Software licenses $ 23,955 $ 25,231 Maintenance 58,336 49,239 Professional services 7,190 6,911 Total $ 89,481 $ 81,381
Revenue from External Customers from Different Geographical Areas	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 29, February 28, North America $ 49,065 $ 42,125 EMEA 31,221 27,863 Latin America 3,693 4,967 Asia Pacific 5,502 6,426 Total $ 89,481 $ 81,381

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Thousands	Feb. 29, 2016USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs reclassified to long-term debt	$ 140,625
Plan [Member] | New Accounting Pronouncement Early Adoption, Effect [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs reclassified from other assets	1,100
Unamortized debt issuance costs reclassified to long-term debt	$ 1,100

Cash, Cash Equivalents and In36

Cash, Cash Equivalents and Investments (Summary Of Cash, Cash Equivalents And Trading And Available-For-Sale Investments) (Details) - USD ($) $ in Thousands	Feb. 29, 2016	Nov. 30, 2015
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	$ 251,425	$ 241,276
Unrealized Gains	78	30
Unrealized Losses	(12)	(27)
Fair Value	251,491	241,279
State and municipal bond obligations [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	38,217	20,387
Unrealized Gains	78	30
Unrealized Losses	0	0
Fair Value	38,295	20,417
U.S. treasury bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	4,110	3,109
Unrealized Gains	0	0
Unrealized Losses	(5)	(15)
Fair Value	4,105	3,094
U.S. government agency bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	1,639	1,645
Unrealized Gains	0	0
Unrealized Losses	(1)	(4)
Fair Value	1,638	1,641
Corporate bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	3,755	3,756
Unrealized Gains	0	0
Unrealized Losses	(6)	(8)
Fair Value	3,749	3,748
Cash [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	196,422	186,241
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	196,422	186,241
Money market funds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	7,282	26,138
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	$ 7,282	$ 26,138

Cash, Cash Equivalents and In37

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. 29, 2016	Nov. 30, 2015	Feb. 28, 2015	Nov. 30, 2014
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	$ 203,704	$ 212,379	$ 187,035	$ 263,082
Short-Term Investments	47,787	28,900
State and municipal bond obligations [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	38,295	20,417
U.S. treasury bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	4,105	3,094
U.S. government agency bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	1,638	1,641
Corporate bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	3,749	3,748
Cash [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	196,422	186,241
Short-Term Investments	0	0
Money market funds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	7,282	26,138
Short-Term Investments	$ 0	$ 0

Cash, Cash Equivalents and In38

Cash, Cash Equivalents and Investments (Fair Value of Debt Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Feb. 29, 2016	Nov. 30, 2015
Investments and Cash [Abstract]
Due in one year or less	$ 24,094	$ 15,945
Due after one year	23,693	12,955
Total	$ 47,787	$ 28,900

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - Forward Contracts [Member] - USD ($) $ in Millions	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Derivative [Line Items]
Minimum maturity period, foreign currency derivative	90 days
Maximum maturity period, foreign currency derivative	1 year
Gains (losses) on foreign currency forward contracts	$ (1.5)	$ (1.3)

Derivative Instruments (Outstan

Derivative Instruments (Outstanding Foreign Currency Forward Contracts) (Details) - USD ($) $ in Thousands	Feb. 29, 2016	Nov. 30, 2015
Derivative [Line Items]
Derivative contracts, notional value	$ 83,640	$ 78,825
Derivative contracts, fair value	(5,100)	(4,021)
Forward contracts to sell U.S. dollars [Member]
Derivative [Line Items]
Derivative contracts, notional value	81,146	76,748
Derivative contracts, fair value	(5,119)	(4,026)
Forward contracts to purchase U.S. dollars [Member]
Derivative [Line Items]
Derivative contracts, notional value	2,494	2,077
Derivative contracts, fair value	$ 19	$ 5

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements within the Fair Value Hierarchy of the Financial Assets) (Details) - USD ($) $ in Thousands	Feb. 29, 2016	Nov. 30, 2015
Foreign exchange contract [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial liabilities	$ (5,100)	$ (4,021)
Foreign exchange contract [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial liabilities	0	0
Foreign exchange contract [Member] | Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial liabilities	(5,100)	(4,021)
Foreign exchange contract [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial liabilities	0	0
Money market funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	7,282	26,138
Money market funds [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	7,282	26,138
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	38,295	20,417
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	38,295	20,417
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	4,105	3,094
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	4,105	3,094
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
U.S. government agency bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	1,638	1,641
U.S. government agency 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. government agency bonds [Member] | Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of financial assets	1,638	1,641
U.S. government agency 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	3,749	3,748
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	3,749	3,748
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

Fair Value Measurements (Liabil

Fair Value Measurements (Liabilities Measured at Fair Value Using Level 3 Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 0	$ 1,717
Changes in fair value of contingent consideration obligation	0	(102)
Balance, end of period	$ 0	$ 1,615

Fair Value Measurements (Quanti

Fair Value Measurements (Quantitative Information about Unobservable Inputs, Liabilities) (Details) - Modulus [Member] - USD ($)	3 Months Ended
	Feb. 28, 2015	Nov. 30, 2015
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Change in fair value of contingent consideration	$ (100,000)
Contingent Consideration [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Contingent consideration liability		$ 0

Intangible Assets and Goodwil44

Intangible Assets and Goodwill (Schedule Of Intangible Assets) (Details) - USD ($) $ in Thousands	Feb. 29, 2016	Nov. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 200,136	$ 200,083
Accumulated Amortization	(93,148)	(85,970)
Net Book Value	106,988	114,113
Purchased technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	117,204	117,151
Accumulated Amortization	(58,956)	(54,963)
Net Book Value	58,248	62,188
Customer-related [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	67,602	67,602
Accumulated Amortization	(28,081)	(25,493)
Net Book Value	39,521	42,109
Trademarks and trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	15,330	15,330
Accumulated Amortization	(6,111)	(5,514)
Net Book Value	$ 9,219	$ 9,816

Intangible Assets and Goodwil45

Intangible Assets and Goodwill (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Feb. 29, 2016	Feb. 28, 2015	Nov. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, amortization expense	$ 7,100,000	$ 7,800,000
Goodwill impairment loss			$ 0

Intangible Assets and Goodwil46

Intangible Assets and Goodwill (Schedule Of Future Amortization Expense From Intangible Assets Held) (Details) - USD ($) $ in Thousands	Feb. 29, 2016	Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2016	$ 21,374
2,017	28,499
2,018	27,686
2,019	26,561
2,020	1,786
Thereafter	1,082
Net Book Value	$ 106,988	$ 114,113

Intangible Assets and Goodwil47

Intangible Assets and Goodwill (Schedule of Goodwill) (Details) $ in Thousands	3 Months Ended
	Feb. 29, 2016USD ($)
Goodwill [Roll Forward]
Balance, November 30, 2015	$ 369,985
Translation adjustments	(21)
Balance, February 29, 2016	369,964
OpenEdge [Member]
Goodwill [Roll Forward]
Balance, November 30, 2015	211,980
Translation adjustments	(21)
Balance, February 29, 2016	211,959
Data Connectivity and Integration [Member]
Goodwill [Roll Forward]
Balance, November 30, 2015	19,040
Translation adjustments	0
Balance, February 29, 2016	19,040
Application Development and Deployment [Member]
Goodwill [Roll Forward]
Balance, November 30, 2015	138,965
Translation adjustments	0
Balance, February 29, 2016	$ 138,965

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) - USD ($)	Dec. 02, 2014	Feb. 29, 2016	Feb. 28, 2015	Nov. 30, 2015
Business Acquisition [Line Items]
Goodwill		$ 369,964,000		$ 369,985,000
Stock-based compensation expense		6,937,000	$ 5,836,000
Acquisition-related costs		72,000	1,506,000
Total revenue		89,481,000	81,381,000
Income (loss) before income taxes		4,880,000	(10,253,000)
Intangible assets, amortization expense		7,100,000	7,800,000
Telerik AD [Member]
Business Acquisition [Line Items]
Total purchase consideration	$ 262,500,000
Total consideration paid to founders and key employees in restricted stock units	$ 10,500,000
Percent of total consideration deposited into escrow	10.00%
Acquired intangible assets	$ 123,100,000
Goodwill	137,472,000
Stock-based compensation expense		1,600,000	700,000
Acquisition-related costs			800,000
Earn-out provision	$ 2,500,000
Service period	1 year
Expense recognized related to contingent earn-out provisions		0	600,000
Total revenue		18,100,000	4,500,000
Income (loss) before income taxes		(4,900,000)	(17,100,000)
Intangible assets, amortization expense		$ 6,200,000	$ 6,200,000
Credit Agreement [Member]
Business Acquisition [Line Items]
Term loan	$ 150,000,000
Existing Technology [Member] | Telerik AD [Member]
Business Acquisition [Line Items]
Acquired intangible assets	64,800,000
Customer-related [Member] | Telerik AD [Member]
Business Acquisition [Line Items]
Acquired intangible assets	47,100,000
Trademarks and Trade Names [Member] | Telerik AD [Member]
Business Acquisition [Line Items]
Acquired intangible assets	$ 11,200,000

Business Combinations (Schedule

Business Combinations (Schedule of Net Assets Acquired) (Details) - USD ($) $ in Thousands	Dec. 02, 2014	Feb. 29, 2016	Nov. 30, 2015
Business Acquisition [Line Items]
Goodwill		$ 369,964	$ 369,985
Telerik AD [Member]
Business Acquisition [Line Items]
Net working capital	$ 8,222
Property, plant and equipment	3,078
Intangible assets	123,100
Deferred taxes	(9,272)
Deferred revenue	(7,915)
Other non-current liabilities	(2,732)
Goodwill	137,472
Net assets acquired	$ 251,953
Acquired intangible assets, useful life	5 years

Term Loan and Line of Credit (N

Term Loan and Line of Credit (Narrative) (Details) - Credit Agreement [Member] - USD ($)	Dec. 02, 2014	Feb. 29, 2016	Feb. 28, 2015
Line of Credit Facility [Line Items]
Term loan	$ 150,000,000
Unsecured credit facility	150,000,000
Additional borrowing capacity available	75,000,000
Interest rate during period (as a percent)		2.19%
Fair value of term loan		$ 140,600,000
Due in next 12 months		9,400,000
Principal payments for years one and two		1,900,000
Principal payments for years three and four		3,800,000
Principal payments for years five and thereafter		5,600,000
Debt issuance cost		1,800,000
Amortization of debt issuance costs		$ 100,000	$ 100,000
Percent of domestic subsidiary capital stock guaranteeing debt		100.00%
Percent of foreign subsidiary capital stock guaranteeing debt		65.00%
Letter of credit [Member]
Line of Credit Facility [Line Items]
Unsecured credit facility	25,000,000
Line of credit facility outstanding amount		$ 500,000
Revolving line of credit [Member]
Line of Credit Facility [Line Items]
Line of credit facility outstanding amount		$ 0
Swing line loans [Member]
Line of Credit Facility [Line Items]
Unsecured credit facility	$ 25,000,000
Minimum [Member]
Line of Credit Facility [Line Items]
Commitment fee percentage	0.25%
Minimum [Member] | Eurodollar [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.50%
Minimum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.50%
Maximum [Member]
Line of Credit Facility [Line Items]
Commitment fee percentage	0.40%
Maximum [Member] | Eurodollar [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	2.25%
Maximum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.25%

Term Loan and Line of Credit (F

Term Loan and Line of Credit (Future Maturities) (Details) $ in Thousands	Feb. 29, 2016USD ($)
Line of Credit Facility [Abstract]
Remainder of 2016	$ 5,625
2,017	15,000
2,018	15,000
2,019	105,000
Total	$ 140,625

Common Stock Repurchases (Detai

Common Stock Repurchases (Details) - USD ($) shares in Millions	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015	Mar. 31, 2016
Common Stock Repurchases [Abstract]
Common stock repurchased and retired (in shares)	0.5	0.3
Common stock repurchased and retired	$ 11,700,000	$ 7,800,000
Subsequent Event [Member]
Equity, Class of Treasury Stock [Line Items]
Authorized amount for share repurchase programs			$ 100,000,000
Remaining authorized repurchase amount			$ 202,800,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details)	3 Months Ended
	Feb. 29, 2016
Stock Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation award service period (in years)	4 years
Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation award service period (in years)	5 years
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award market condition period	3 years
Stock-based compensation award service period (in years)	3 years

Stock-Based Compensation (Class

Stock-Based Compensation (Classification of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 6,937	$ 5,836
Cost of maintenance and services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	196	165
Sales and marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1,078	1,237
Product development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	2,679	1,502
General and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 2,984	$ 2,932

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Loss (Details) $ in Thousands	3 Months Ended
	Feb. 29, 2016USD ($)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2015	$ (24,628)
Other comprehensive loss before reclassifications, net of tax	(1,051)
Balance, February 29, 2016	(25,679)
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2015	(24,582)
Other comprehensive loss before reclassifications, net of tax	(1,091)
Balance, February 29, 2016	(25,673)
Unrealized Gains (Losses) on Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2015	(46)
Other comprehensive loss before reclassifications, net of tax	40
Balance, February 29, 2016	$ (6)

Restructuring Charges (Narrativ

Restructuring Charges (Narrative) (Details) $ in Thousands	3 Months Ended
	Feb. 29, 2016USD ($)	Nov. 30, 2015USD ($)Segments	May. 31, 2015USD ($)	Feb. 28, 2015USD ($)facility
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ (66)			$ 2,344
Restructuring reserve	1,718	$ 3,361
2015 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Number of facilities closed | facility				2
Restructuring expenses	(123)
Restructuring reserve	1,342	$ 2,617
Number of operating segments | Segments		3
2015 Restructuring Activities [Member] | Other accrued liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	1,300
2012 - 2014 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses				$ 1,400
2012 - 2014 Restructuring Activities [Member] | Other accrued liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	100
Level 3 [Member] | Nonrecurring Basis [Member]
Restructuring Cost and Reserve [Line Items]
Long-lived assets at fair value			$ 100
Telerik AD [Member]
Restructuring Cost and Reserve [Line Items]
Impairment of long-lived assets			$ 4,000
Telerik AD [Member] | 2015 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	52			$ 1,000
Restructuring reserve	226	$ 518
Telerik AD [Member] | 2015 Restructuring Activities [Member] | Other accrued liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 200

Restructuring Charges (Summary

Restructuring Charges (Summary of Restructuring Activity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 3,361
Costs incurred	(66)	$ 2,344
Cash disbursements	(1,592)
Translation adjustments and other	15
Ending Balance	1,718
Excess Facilities and Other Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	412
Costs incurred	76
Cash disbursements	(216)
Translation adjustments and other	5
Ending Balance	277
Employee Severance and Related Benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	2,949
Costs incurred	(142)
Cash disbursements	(1,376)
Translation adjustments and other	10
Ending Balance	1,441
2015 Restructuring Activities [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	2,617
Costs incurred	(123)
Cash disbursements	(1,159)
Translation adjustments and other	7
Ending Balance	1,342
2015 Restructuring Activities [Member] | Excess Facilities and Other Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Costs incurred	0
Cash disbursements	0
Translation adjustments and other	0
Ending Balance	0
2015 Restructuring Activities [Member] | Employee Severance and Related Benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	2,617
Costs incurred	(123)
Cash disbursements	(1,159)
Translation adjustments and other	7
Ending Balance	1,342
Telerik AD [Member] | 2015 Restructuring Activities [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	518
Costs incurred	52	$ 1,000
Cash disbursements	(351)
Translation adjustments and other	7
Ending Balance	226
Telerik AD [Member] | 2015 Restructuring Activities [Member] | Excess Facilities and Other Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	209
Costs incurred	71
Cash disbursements	(134)
Translation adjustments and other	4
Ending Balance	150
Telerik AD [Member] | 2015 Restructuring Activities [Member] | Employee Severance and Related Benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	309
Costs incurred	(19)
Cash disbursements	(217)
Translation adjustments and other	3
Ending Balance	$ 76

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Foreign statutory rate (as a percent)	10.00%	10.00%
Research and development tax credit	$ 0.6

Earnings (Loss) Per Share (Calc

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. 29, 2016	Feb. 28, 2015
Earnings Per Share [Abstract]
Net (loss) income (in dollars)	$ 3,216	$ (971)
Weighted average shares outstanding (in shares)	50,810	50,668
Dilutive impact from common stock equivalents (in shares)	630	0
Diluted weighted average shares outstanding (in shares)	51,440	50,668
Basic earnings (loss) per share (in dollars per share)	$ 0.06	$ (0.02)
Diluted earnings (loss) per share (in dollars per share)	$ 0.06	$ (0.02)

Earnings (Loss) Per Share (Narr

Earnings (Loss) Per Share (Narrative) (Details) - shares shares in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Earnings Per Share [Abstract]
Number of shares excluded from the calculation of diluted earnings per share	532	948

Business Segments and Interna61

Business Segments and International Operations (Income from Continuing Operations by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	$ 89,481	$ 81,381
Segment costs of revenue and operating expenses	29,776	32,168
Segment contribution margin	59,705	49,213
Other unallocated expenses	53,000	60,399
Income (loss) from operations	6,705	(11,186)
Other (expense) income, net	(1,825)	933
Income (loss) before income taxes	4,880	(10,253)
OpenEdge [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	64,133	69,471
Segment costs of revenue and operating expenses	18,064	19,534
Segment contribution margin	46,069	49,937
Data Connectivity and Integration [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	6,596	7,113
Segment costs of revenue and operating expenses	2,901	3,250
Segment contribution margin	3,695	3,863
Application Development and Deployment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	18,752	4,797
Segment costs of revenue and operating expenses	8,811	9,384
Segment contribution margin	$ 9,941	$ (4,587)

Business Segments and Interna62

Business Segments and International Operations (Revenue from External Customers by Product) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Segment Reporting [Abstract]
Software licenses	$ 23,955	$ 25,231
Maintenance	58,336	49,239
Professional services	7,190	6,911
Total revenue	$ 89,481	$ 81,381

Business Segments and Interna63

Business Segments and International Operations (Revenue from External Customers from Different Geographical Areas) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Revenue from External Customer [Line Items]
Total revenue	$ 89,481	$ 81,381
North America [Member]
Revenue from External Customer [Line Items]
Total revenue	49,065	42,125
EMEA [Member]
Revenue from External Customer [Line Items]
Total revenue	31,221	27,863
Latin America [Member]
Revenue from External Customer [Line Items]
Total revenue	3,693	4,967
Asia Pacific [Member]
Revenue from External Customer [Line Items]
Total revenue	$ 5,502	$ 6,426