Progress Software (PRGS) 10-Q 7 Oct 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Aug. 31, 2016	Sep. 29, 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	Aug. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		48,592,417

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2016	Nov. 30, 2015
Current assets:
Cash and cash equivalents	$ 188,084	$ 212,379
Short-term investments	44,600	28,900
Total cash, cash equivalents and short-term investments	232,684	241,279
Accounts receivable (less allowances of $1,565 and $2,193, respectively)	55,758	66,459
Other current assets	20,521	15,671
Total current assets	308,963	323,409
Property and equipment, net	50,778	54,226
Intangible assets, net	87,684	114,113
Goodwill	370,097	369,985
Deferred tax assets	11,626	10,971
Other assets	3,631	4,419
Total assets	832,779	877,123
Current liabilities:
Current portion of long-term debt	13,125	9,375
Accounts payable	9,647	11,188
Accrued compensation and related taxes	20,967	29,720
Income taxes payable	5,098	2,941
Other accrued liabilities	17,796	21,465
Short-term deferred revenue	129,354	125,227
Total current liabilities	195,987	199,916
Long-term debt	123,750	135,000
Long-term deferred revenue	8,529	8,844
Deferred tax liabilities	6,149	7,112
Other noncurrent liabilities	3,785	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, 48,575,307 shares in 2016 and 50,579,539 shares in 2015	237,136	227,930
Retained earnings	281,303	319,162
Accumulated other comprehensive loss	(23,860)	(24,628)
Total shareholders’ equity	494,579	522,464
Total liabilities and shareholders’ equity	$ 832,779	$ 877,123

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2016	Nov. 30, 2015
Assets
Allowance for accounts receivable (in dollars)	$ 1,565	$ 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	48,575,307	50,579,539
Common stock, shares outstanding	48,575,307	50,579,539

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Revenue:
Software licenses	$ 33,624	$ 31,840	$ 86,366	$ 85,794
Maintenance and services	68,394	62,797	201,251	179,042
Total revenue	102,018	94,637	287,617	264,836
Costs of revenue:
Cost of software licenses	1,424	1,441	4,139	4,526
Cost of maintenance and services	11,825	9,612	33,217	31,174
Amortization of acquired intangibles	3,940	4,079	11,818	12,805
Total costs of revenue	17,189	15,132	49,174	48,505
Gross profit	84,829	79,505	238,443	216,331
Operating expenses:
Sales and marketing	29,852	30,004	88,648	92,607
Product development	21,706	20,422	65,800	65,533
General and administrative	11,411	14,076	36,055	42,065
Amortization of acquired intangibles	3,186	3,186	9,556	9,559
Impairment of intangible assets	5,051	0	5,051	0
Restructuring expenses	(36)	2,561	229	8,715
Acquisition-related expenses	53	662	449	3,180
Total operating expenses	71,223	70,911	205,788	221,659
Income (loss) from operations	13,606	8,594	32,655	(5,328)
Other (expense) income:
Interest expense	(1,174)	(987)	(3,244)	(2,808)
Interest income and other, net	260	450	686	1,153
Foreign currency (loss) gain, net	(374)	(628)	(1,916)	397
Total other (expense) income, net	(1,288)	(1,165)	(4,474)	(1,258)
Income (loss) before income taxes	12,318	7,429	28,181	(6,586)
Provision (benefit) for income taxes	4,742	11,555	10,114	(7,256)
Net income (loss)	$ 7,576	$ (4,126)	$ 18,067	$ 670
Earnings per share:
Basic (in dollars per share)	$ 0.16	$ (0.08)	$ 0.36	$ 0.01
Diluted (in dollars per share)	$ 0.15	$ (0.08)	$ 0.36	$ 0.01
Weighted average shares outstanding:
Basic (in shares)	48,611	50,120	49,765	50,377
Diluted (in shares)	49,135	50,120	50,310	51,117

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 7,576	$ (4,126)	$ 18,067	$ 670
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(1,332)	(257)	485	(8,411)
Reclassification adjustment for losses included in net income, net of tax of $0 for the third quarter and first nine months of 2016	0	0	256	0
Unrealized gains (losses) on investments, net of tax of $16 for the third quarter and first nine months of 2016 and $0 for the third quarter and first nine months of 2015	30	(17)	27	(52)
Total other comprehensive income (loss), net of tax	(1,302)	(274)	768	(8,463)
Comprehensive income (loss)	$ 6,274	$ (4,400)	$ 18,835	$ (7,793)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Statement of Comprehensive Income [Abstract]
Tax effect on reclassification adjustment for losses included in net income	$ 0		$ 0
Tax provision (benefit) included in accumulated unrealized losses on investments	$ 16	$ 0	$ 16	$ 0

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Cash flows from operating activities:
Net income	$ 18,067	$ 670
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	6,480	7,209
Amortization of intangibles and other	23,316	24,420
Stock-based compensation	19,009	18,812
Loss on disposal of property	364	0
Asset impairment	5,051	3,999
Deferred income taxes	(996)	(23,067)
Excess tax benefit from stock plans	(305)	(1,107)
Allowances for accounts receivable	(334)	356
Changes in operating assets and liabilities:
Accounts receivable	11,209	11,160
Other assets	(3,866)	(508)
Accounts payable and accrued liabilities	(14,920)	(3,378)
Income taxes payable	2,025	7,367
Deferred revenue	3,810	31,255
Net cash flows from operating activities	68,910	77,188
Cash flows used in investing activities:
Purchases of investments	(33,861)	(20,068)
Sales and maturities of investments	17,275	10,436
Purchases of property and equipment	(3,747)	(6,079)
Capitalized software development costs	0	(1,661)
Payments for acquisitions, net of cash acquired	0	(246,275)
Proceeds from divestitures, net	0	4,500
Net cash flows used in investing activities	(20,333)	(259,147)
Cash flows (used in) from financing activities:
Proceeds from stock-based compensation plans	8,166	10,459
Purchases of stock related to withholding taxes from the issuance of restricted stock units	(2,751)	(2,850)
Repurchases of common stock	(71,507)	(32,868)
Excess tax benefit from stock plans	305	1,107
Payment of contingent consideration	0	(209)
Proceeds from the issuance of debt	0	150,000
Payment of long-term debt	(7,500)	(5,625)
Payment of issuance costs for long-term debt	0	(1,787)
Net cash flows (used in) from financing activities	(73,287)	118,227
Effect of exchange rate changes on cash	415	(10,237)
Net decrease in cash and cash equivalents	(24,295)	(73,969)
Cash and cash equivalents, beginning of period	212,379	263,082
Cash and cash equivalents, end of period	188,084	189,113
Supplemental disclosure:
Cash paid for income taxes, net of refunds of $781 in 2016 and $1,887 in 2015	11,918	7,329
Cash paid for interest	2,348	2,150
Non-cash financing activities:
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested	$ 12,137	$ 9,963

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Statement of Cash Flows [Abstract]
Proceeds from income tax refunds	$ 781	$ 1,887

Basis of Presentation

Basis of Presentation	9 Months Ended
	Aug. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Company Overview - We are a global leader in application development, empowering the digital transformation organizations need to create and sustain engaging user experiences in today's evolving marketplace. With offerings spanning web, mobile and data for on-premise and cloud environments, we power startups and industry titans worldwide. 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 August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15). ASU 2016-15 is intended to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows and to eliminate the diversity in practice related to such classifications. The guidance in ASU 2016-15 is required for annual reporting periods beginning after December 15, 2017, with early adoption permitted. We are currently evaluating the effect that implementation of this update will have upon adoption on our consolidated statement of cash flows. In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). ASU 2016-09 is intended to simplify various aspects of the accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The guidance in ASU 2016-09 is required for annual reporting periods beginning after December 15, 2016, with early adoption permitted. We are currently evaluating the effect that implementation of this update will have upon adoption on our consolidated financial position and results of operations. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (ASU 2016-02), which requires lessees to record most leases on their balance sheets, recognizing a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The guidance in ASU 2016-02 is required for annual reporting periods beginning after December 15, 2018, with early adoption permitted. We currently expect that most of our operating lease commitments will be subject to the update and recognized as operating lease liabilities and right-of-use assets upon adoption. However, we are currently evaluating the effect that implementation of this update will have upon adoption on our consolidated financial position and results of operations. In April 2015, the 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. We estimate that the impact on our consolidated balance sheets will be a reclassification of up to $1.1 million from other assets to long-term debt as of December 1, 2016. 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	9 Months Ended
	Aug. 31, 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 August 31, 2016 is as follows (in thousands): Amortized Cost Basis Unrealized Gains Unrealized Losses Fair Value Cash $ 179,548 $ — $ 179,548 Money market funds 8,536 — 8,536 State and municipal bond obligations 34,489 43 34,532 U.S. treasury bonds 6,534 — 6,534 U.S. government agency bonds 525 1 (4 ) 522 Corporate bonds 3,006 6 3,012 Total $ 232,638 $ 50 $ (4 ) $ 232,684 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): August 31, 2016 November 30, 2015 Cash and Equivalents Short-Term Investments Cash and Equivalents Short-Term Investments Cash $ 179,548 $ — $ 186,241 $ — Money market funds 8,536 — 26,138 — State and municipal bond obligations — 34,532 — 20,417 U.S. treasury bonds — 6,534 — 3,094 U.S. government agency bonds — 522 — 1,641 Corporate bonds — 3,012 — 3,748 Total $ 188,084 $ 44,600 $ 212,379 $ 28,900 The fair value of debt securities by contractual maturity is as follows (in thousands): August 31, November 30, Due in one year or less $ 23,474 $ 15,945 Due after one year (1) 21,126 12,955 Total $ 44,600 $ 28,900 (1) Includes state and municipal bond obligations and corporate bonds, 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 August 31, 2016 and as of November 30, 2015 .

Derivative Instruments

Derivative Instruments	9 Months Ended
	Aug. 31, 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 30 days to one year . In the three and nine months ended August 31, 2016 , realized and unrealized gains of $2.2 million and $1.4 million , respectively, from our forward contracts were recognized in foreign currency (loss) gain, net, in the condensed consolidated statements of operations. In the three and nine months ended August 31, 2015, realized and unrealized gains of $0.6 million and realized and unrealized losses of $1.9 million , respectively, from our forward contracts were recognized in foreign currency gain (loss), net, in the condensed consolidated statements of operations. The gains and losses were substantially offset by realized and unrealized losses and 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): August 31, 2016 November 30, 2015 Notional Value Fair Value Notional Value Fair Value Forward contracts to sell U.S. dollars $ 83,992 $ (5,170 ) $ 76,748 $ (4,026 ) Forward contracts to purchase U.S. dollars 2,209 4 2,077 5 Total $ 86,201 $ (5,166 ) $ 78,825 $ (4,021 )

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Aug. 31, 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 August 31, 2016 (in thousands): Fair Value Measurements Using Total Fair Value Level 1 Level 2 Level 3 Assets Money market funds $ 8,536 $ 8,536 $ — $ — State and municipal bond obligations 34,532 — 34,532 — U.S. treasury bonds 6,534 — 6,534 — U.S. government agency bonds 522 — 522 — Corporate bonds 3,012 — 3,012 — Liabilities Foreign exchange derivatives $ (5,166 ) $ — $ (5,166 ) $ — 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, which relate to a contingent consideration obligation in connection with a prior acquisition, for each period presented (in thousands): Three Months Ended Nine Months Ended August 31, August 31, August 31, August 31, Balance, beginning of period $ — $ 295 $ — $ 1,717 Changes in fair value of contingent consideration obligation — (295 ) — (1,508 ) Transfer to Level 2 fair value measurement — — — (209 ) Balance, end of period $ — $ — $ — $ — We recorded credits of approximately $0.3 million and $1.5 million during the three and nine months ended August 31, 2015, respectively, due to the change in fair value of a contingent consideration obligation in connection with a prior acquisition, 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. Nonrecurring Fair Value Measurements During the third quarter of fiscal year 2016, certain assets have been measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3). Based on the fair value measurement, we recorded a $5.1 million asset impairment charge as of August 31, 2016, which was applicable to the intangible assets obtained in connection with our acquisition of Modulus during the second quarter of fiscal year 2014 (Note 5). The following table presents nonrecurring fair value measurements as of August 31, 2016 (in thousands): Total Fair Value Total Losses Intangible assets $ — $ 5,051 The fair value measurement was determined using an income-based valuation methodology, which incorporates unobservable inputs, including expected cash flows over the remaining estimated useful life of the technology, thereby classifying the fair value as a Level 3 measurement within the fair value hierarchy. The expected cash flows include subscription fees to be collected from existing customers using the platform, offset by hosting fees and compensation related costs to be incurred over the remaining estimated useful life.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	9 Months Ended
	Aug. 31, 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): August 31, 2016 November 30, 2015 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Purchased technology $ 109,880 $ (64,438 ) $ 45,442 $ 117,151 $ (54,963 ) $ 62,188 Customer-related 67,602 (33,257 ) 34,345 67,602 (25,493 ) 42,109 Trademarks and trade names 15,140 (7,243 ) 7,897 15,330 (5,514 ) 9,816 Total $ 192,622 $ (104,938 ) $ 87,684 $ 200,083 $ (85,970 ) $ 114,113 During the third quarter of fiscal year 2016, we evaluated the ongoing value of the intangible assets associated with the technology obtained in connection with the acquisition of Modulus. As a result of our decision to abandon the related assets due to a change in our expected ability to use the technology internally, we determined that the intangible assets were fully impaired. As a result, we incurred an impairment charge of $5.1 million in the third quarter of fiscal year 2016. In the three and nine months ended August 31, 2016, amortization expense related to intangible assets was $7.1 million and $21.4 million , respectively. In the three and nine months ended August 31, 2015, amortization expense related to intangible assets was $7.3 million and $22.4 million , respectively. Future amortization expense for intangible assets as of August 31, 2016 , is as follows (in thousands): Remainder of 2016 $ 6,852 2017 27,426 2018 26,613 2019 25,489 2020 714 Thereafter 590 Total $ 87,684 Goodwill Changes in the carrying amount of goodwill in the nine months ended August 31, 2016 are as follows (in thousands): Balance, November 30, 2015 $ 369,985 Translation adjustments 112 Balance, August 31, 2016 $ 370,097 Changes in the goodwill balances by reportable segment in the nine months ended August 31, 2016 are as follows (in thousands): November 30, 2015 Translation Adjustments August 31, 2016 OpenEdge $ 211,980 $ 112 $ 212,092 Data Connectivity and Integration 19,040 — 19,040 Application Development and Deployment 138,965 — 138,965 Total goodwill $ 369,985 $ 112 $ 370,097 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 August 31, 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	9 Months Ended
	Aug. 31, 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. In accordance with the agreement, the full amount of the escrow was released to the former equity holders in June 2016. 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). 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 $0 and $0.3 million of acquisition-related costs during the three and nine months ended August 31, 2016 , respectively, and $0.8 million and $2.7 million during the three and nine months ended August 31, 2015, respectively, 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 totaled approximately $2.2 million , are compensation arrangements and recognized these costs over the one -year service period. During the three and nine months ended August 31, 2015, we incurred $0.6 million and $1.8 million of expense related to the retention bonuses, respectively, 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 and nine months ended August 31, 2016 and the entire amount accrued during fiscal year 2015 was paid in 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 three and nine months ended August 31, 2016 was $19.4 million and $56.0 million , respectively. The amount of revenue of Telerik included in our condensed consolidated statement of operations during the three and nine months ended August 31, 2015 was $12.5 million and $26.2 million , respectively. The revenue from sales 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 three and nine months ended August 31, 2016 was $7.0 million and $20.2 million , respectively. The amount of pretax losses of Telerik included in our condensed consolidated statement of operations during the three and nine months ended August 31, 2015 was $10.2 million and $41.2 million , respectively. The pretax losses in each three and nine month period includes the amortization expense of approximately $6.2 million and $18.5 million , respectively, related to the acquired intangible assets discussed above. In addition, the pretax losses in the three and nine months ended August 31, 2016 includes stock-based compensation expense of approximately $2.2 million and $6.5 million , respectively.

Term Loan and Line of Credit

Term Loan and Line of Credit	9 Months Ended
	Aug. 31, 2016
Line of Credit Facility [Abstract]
Term Loan and Line of Credit	Term Loan and Line of Credit Our credit agreement provides 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 our 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. 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 August 31, 2016 was $136.9 million , with $13.1 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. The term loan may be prepaid before maturity in whole or in part at our option without penalty or premium. As of August 31, 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. The interest rate of the credit facility as of August 31, 2016 was 2.25% . 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 August 31, 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 $0.3 million for the three and nine months ended August 31, 2016 , respectively, and $0.1 million and $0.3 million for the three and nine months ended August 31, 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. As of August 31, 2016, there were no amounts outstanding under the revolving line and $0.5 million of letters of credit. As of August 31, 2016 , aggregate principal payments of long-term debt for the next five years and thereafter are (in thousands): Remainder of 2016 $ 1,875 2017 15,000 2018 15,000 2019 105,000 Total $ 136,875

Common Stock Repurchases

Common Stock Repurchases	9 Months Ended
	Aug. 31, 2016
Common Stock Repurchases [Abstract]
Common Stock Repurchases	Common Stock Repurchases We repurchased and retired 0.4 million shares of our common stock for $11.5 million in the three months ended August 31, 2016 and 2.8 million shares for $71.5 million in the nine months ended August 31, 2016. We did not repurchase shares of our common stock during the three months ended August 31, 2015 and in the nine months ended August 31, 2015, we repurchased and retired 1.3 million shares for $32.9 million . 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 . As of August 31, 2016, there is $143.0 million remaining under this current authorization.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Aug. 31, 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 and third quarters of fiscal year 2016, we granted performance-based restricted stock units to members of executive management 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 Nine Months Ended August 31, August 31, August 31, August 31, Cost of maintenance and services $ 223 $ 144 $ 599 $ 462 Sales and marketing 751 1,604 2,792 4,328 Product development 2,524 912 7,600 3,476 General and administrative 2,281 3,878 8,018 10,546 Total stock-based compensation $ 5,779 $ 6,538 $ 19,009 $ 18,812

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Aug. 31, 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 nine months ended August 31, 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 485 27 512 Amounts reclassified from accumulated other comprehensive loss to realized losses included in earnings 256 — 256 Balance, August 31, 2016 $ (23,841 ) $ (19 ) $ (23,860 ) The tax effect on accumulated unrealized gains (losses) on investments was minimal as of August 31, 2016 and November 30, 2015 .

Restructuring Charges

Restructuring Charges	9 Months Ended
	Aug. 31, 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 338 (109 ) 229 Cash disbursements (514 ) (2,487 ) (3,001 ) Translation adjustments and other 4 20 24 Balance, August 31, 2016 $ 240 $ 373 $ 613 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 of 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 of 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 August 31, 2016 we incurred minimal expenses and for the nine months ended August 31, 2016 we incurred expenses of $0.3 million . For the three and nine months ended August 31, 2015, we incurred expenses of $2.5 million and $7.4 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 nine 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 323 (43 ) 280 Cash disbursements (358 ) (267 ) (625 ) Translation adjustments and other 4 3 7 Balance, August 31, 2016 $ 178 $ 2 $ 180 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 $0.2 million is included in other accrued liabilities on the condensed consolidated balance sheet at August 31, 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 and nine months ended August 31, 2016 , we recorded a minimal credit to restructuring expenses in the consolidated statements of operations due to changes in estimates of severance to be paid. We do not expect to incur additional material costs with respect to this restructuring. A summary of the first nine 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 — (42 ) (42 ) Cash disbursements — (2,220 ) (2,220 ) Translation adjustments and other — 16 16 Balance, August 31, 2016 $ — $ 371 $ 371 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 $0.4 million is included in other accrued liabilities on the condensed consolidated balance sheet at August 31, 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 and nine months ended August 31, 2016 , we incurred minimal expenses, and for the three and nine months ended August 31, 2015, we incurred expenses of $0 and $1.3 million , respectively, 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 August 31, 2016 .

Income Taxes

Income Taxes	9 Months Ended
	Aug. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our income tax provision for the third quarter of fiscal years 2016 and 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 nine months ended August 31, 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. In addition, during the preparation of our condensed consolidated financial statements for the three months ended May 31, 2016, we identified an error in our prior year income tax provision whereby income tax expense was overstated for the year ended November 30, 2015 by $2.7 million related to our tax treatment of an intercompany gain. We determined that the error is not material to the prior year financial statements. We also concluded that recording an out-of-period correction would not be material and have therefore corrected this error by recording an out-of-period $2.7 million tax benefit in our interim financial statements for the periods ended May 31, 2016. 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 Per Share

Earnings Per Share	9 Months Ended
	Aug. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings 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. 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 Nine Months Ended August 31, August 31, August 31, August 31, Net income (loss) $ 7,576 $ (4,126 ) $ 18,067 $ 670 Weighted average shares outstanding 48,611 50,120 49,765 50,377 Dilutive impact from common stock equivalents 524 — 545 740 Diluted weighted average shares outstanding 49,135 50,120 50,310 51,117 Basic earnings per share $ 0.16 $ (0.08 ) $ 0.36 $ 0.01 Diluted earnings per share $ 0.15 $ (0.08 ) $ 0.36 $ 0.01 We excluded stock awards representing approximately 287,000 shares and 423,000 shares of common stock from the calculation of diluted earnings per share in the three and nine months ended August 31, 2016 , respectively, because these awards were anti-dilutive. In the three and nine months ended August 31, 2015, we excluded stock awards representing 1,173,000 shares and 296,000 shares of common stock, respectively, from the calculation of diluted earnings per share as they were anti-dilutive.

Business Segments and Internati

Business Segments and International Operations	9 Months Ended
	Aug. 31, 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 Nine Months Ended (In thousands) August 31, 2016 August 31, 2015 August 31, 2016 August 31, 2015 Segment revenue: OpenEdge $ 67,534 $ 73,398 $ 198,595 $ 214,775 Data Connectivity and Integration 14,251 8,281 30,852 22,669 Application Development and Deployment 20,233 12,958 58,170 27,392 Total revenue 102,018 94,637 287,617 264,836 Segment costs of revenue and operating expenses: OpenEdge 18,180 18,550 53,539 56,529 Data Connectivity and Integration 2,828 3,180 8,863 9,563 Application Development and Deployment 11,021 9,933 29,555 30,169 Total costs of revenue and operating expenses 32,029 31,663 91,957 96,261 Segment contribution: OpenEdge 49,354 54,848 145,056 158,246 Data Connectivity and Integration 11,423 5,101 21,989 13,106 Application Development and Deployment 9,212 3,025 28,615 (2,777 ) Total contribution 69,989 62,974 195,660 168,575 Other unallocated expenses (1) 56,383 54,380 163,005 173,903 Income (loss) from operations 13,606 8,594 32,655 (5,328 ) Other (expense) income, net (1,288 ) (1,165 ) (4,474 ) (1,258 ) Income (loss) before income taxes $ 12,318 $ 7,429 $ 28,181 $ (6,586 ) (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 and impairment 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 Nine Months Ended (In thousands) August 31, August 31, August 31, August 31, Software licenses $ 33,624 $ 31,840 $ 86,366 $ 85,794 Maintenance 60,368 55,365 178,189 157,259 Professional services 8,026 7,432 23,062 21,783 Total $ 102,018 $ 94,637 $ 287,617 $ 264,836 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 Nine Months Ended (In thousands) August 31, August 31, August 31, August 31, North America $ 58,275 $ 49,810 $ 160,732 $ 139,454 EMEA 32,719 30,656 95,517 89,667 Latin America 4,667 4,621 12,749 13,977 Asia Pacific 6,357 9,550 18,619 21,738 Total $ 102,018 $ 94,637 $ 287,617 $ 264,836

Subsequent Events

Subsequent Events	9 Months Ended
	Aug. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On September 27, 2016, our Board of Directors approved the initiation of a quarterly cash dividend to Progress shareholders. The first quarterly dividend of $0.125 per share of common stock will be paid on December 15, 2016 to shareholders of record as of the close of business on December 1, 2016. On September 28, 2016, we announced the appointment of Kurt J. Abkemeier as our new chief financial officer. As CFO, Mr. Abkemeier will oversee the company's global finance and accounting operations and be a member of the company's executive leadership team, reporting to Phil Pead, president and chief executive officer. Mr. Abkemeier succeeds Chris E. Perkins, who informed the company in March 2016 that he would retire as CFO upon the appointment of his successor. Mr. Abkemeier began as CFO at Progress on September 28, 2016.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Aug. 31, 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 August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15). ASU 2016-15 is intended to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows and to eliminate the diversity in practice related to such classifications. The guidance in ASU 2016-15 is required for annual reporting periods beginning after December 15, 2017, with early adoption permitted. We are currently evaluating the effect that implementation of this update will have upon adoption on our consolidated statement of cash flows. In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). ASU 2016-09 is intended to simplify various aspects of the accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The guidance in ASU 2016-09 is required for annual reporting periods beginning after December 15, 2016, with early adoption permitted. We are currently evaluating the effect that implementation of this update will have upon adoption on our consolidated financial position and results of operations. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (ASU 2016-02), which requires lessees to record most leases on their balance sheets, recognizing a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The guidance in ASU 2016-02 is required for annual reporting periods beginning after December 15, 2018, with early adoption permitted. We currently expect that most of our operating lease commitments will be subject to the update and recognized as operating lease liabilities and right-of-use assets upon adoption. However, we are currently evaluating the effect that implementation of this update will have upon adoption on our consolidated financial position and results of operations. In April 2015, the 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. We estimate that the impact on our consolidated balance sheets will be a reclassification of up to $1.1 million from other assets to long-term debt as of December 1, 2016. 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 In25

Cash, Cash Equivalents and Investments (Tables)	9 Months Ended
	Aug. 31, 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 August 31, 2016 is as follows (in thousands): Amortized Cost Basis Unrealized Gains Unrealized Losses Fair Value Cash $ 179,548 $ — $ 179,548 Money market funds 8,536 — 8,536 State and municipal bond obligations 34,489 43 34,532 U.S. treasury bonds 6,534 — 6,534 U.S. government agency bonds 525 1 (4 ) 522 Corporate bonds 3,006 6 3,012 Total $ 232,638 $ 50 $ (4 ) $ 232,684 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): August 31, 2016 November 30, 2015 Cash and Equivalents Short-Term Investments Cash and Equivalents Short-Term Investments Cash $ 179,548 $ — $ 186,241 $ — Money market funds 8,536 — 26,138 — State and municipal bond obligations — 34,532 — 20,417 U.S. treasury bonds — 6,534 — 3,094 U.S. government agency bonds — 522 — 1,641 Corporate bonds — 3,012 — 3,748 Total $ 188,084 $ 44,600 $ 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): August 31, November 30, Due in one year or less $ 23,474 $ 15,945 Due after one year (1) 21,126 12,955 Total $ 44,600 $ 28,900 (1) Includes state and municipal bond obligations and corporate bonds, 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)	9 Months Ended
	Aug. 31, 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): August 31, 2016 November 30, 2015 Notional Value Fair Value Notional Value Fair Value Forward contracts to sell U.S. dollars $ 83,992 $ (5,170 ) $ 76,748 $ (4,026 ) Forward contracts to purchase U.S. dollars 2,209 4 2,077 5 Total $ 86,201 $ (5,166 ) $ 78,825 $ (4,021 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Aug. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements, Nonrecurring [Table Text Block]	The following table presents nonrecurring fair value measurements as of August 31, 2016 (in thousands): Total Fair Value Total Losses Intangible assets $ — $ 5,051
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 August 31, 2016 (in thousands): Fair Value Measurements Using Total Fair Value Level 1 Level 2 Level 3 Assets Money market funds $ 8,536 $ 8,536 $ — $ — State and municipal bond obligations 34,532 — 34,532 — U.S. treasury bonds 6,534 — 6,534 — U.S. government agency bonds 522 — 522 — Corporate bonds 3,012 — 3,012 — Liabilities Foreign exchange derivatives $ (5,166 ) $ — $ (5,166 ) $ — 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, which relate to a contingent consideration obligation in connection with a prior acquisition, for each period presented (in thousands): Three Months Ended Nine Months Ended August 31, August 31, August 31, August 31, Balance, beginning of period $ — $ 295 $ — $ 1,717 Changes in fair value of contingent consideration obligation — (295 ) — (1,508 ) Transfer to Level 2 fair value measurement — — — (209 ) Balance, end of period $ — $ — $ — $ —

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	9 Months Ended
	Aug. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets are comprised of the following significant classes (in thousands): August 31, 2016 November 30, 2015 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Purchased technology $ 109,880 $ (64,438 ) $ 45,442 $ 117,151 $ (54,963 ) $ 62,188 Customer-related 67,602 (33,257 ) 34,345 67,602 (25,493 ) 42,109 Trademarks and trade names 15,140 (7,243 ) 7,897 15,330 (5,514 ) 9,816 Total $ 192,622 $ (104,938 ) $ 87,684 $ 200,083 $ (85,970 ) $ 114,113
Schedule of Future Amortization Expense from Intangible Assets Held	Future amortization expense for intangible assets as of August 31, 2016 , is as follows (in thousands): Remainder of 2016 $ 6,852 2017 27,426 2018 26,613 2019 25,489 2020 714 Thereafter 590 Total $ 87,684
Schedule of Goodwill	Changes in the goodwill balances by reportable segment in the nine months ended August 31, 2016 are as follows (in thousands): November 30, 2015 Translation Adjustments August 31, 2016 OpenEdge $ 211,980 $ 112 $ 212,092 Data Connectivity and Integration 19,040 — 19,040 Application Development and Deployment 138,965 — 138,965 Total goodwill $ 369,985 $ 112 $ 370,097 Changes in the carrying amount of goodwill in the nine months ended August 31, 2016 are as follows (in thousands): Balance, November 30, 2015 $ 369,985 Translation adjustments 112 Balance, August 31, 2016 $ 370,097

Term Loan and Line of Credit (T

Term Loan and Line of Credit (Tables)	9 Months Ended
	Aug. 31, 2016
Line of Credit Facility [Abstract]
Schedule of Maturities of Long-term Debt	As of August 31, 2016 , aggregate principal payments of long-term debt for the next five years and thereafter are (in thousands): Remainder of 2016 $ 1,875 2017 15,000 2018 15,000 2019 105,000 Total $ 136,875

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Aug. 31, 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 Nine Months Ended August 31, August 31, August 31, August 31, Cost of maintenance and services $ 223 $ 144 $ 599 $ 462 Sales and marketing 751 1,604 2,792 4,328 Product development 2,524 912 7,600 3,476 General and administrative 2,281 3,878 8,018 10,546 Total stock-based compensation $ 5,779 $ 6,538 $ 19,009 $ 18,812

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Aug. 31, 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 nine months ended August 31, 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 485 27 512 Amounts reclassified from accumulated other comprehensive loss to realized losses included in earnings 256 — 256 Balance, August 31, 2016 $ (23,841 ) $ (19 ) $ (23,860 )

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Aug. 31, 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 338 (109 ) 229 Cash disbursements (514 ) (2,487 ) (3,001 ) Translation adjustments and other 4 20 24 Balance, August 31, 2016 $ 240 $ 373 $ 613
2015 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Summary of Restructuring Activity	A summary of the first nine 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 — (42 ) (42 ) Cash disbursements — (2,220 ) (2,220 ) Translation adjustments and other — 16 16 Balance, August 31, 2016 $ — $ 371 $ 371 A summary of the first nine 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 323 (43 ) 280 Cash disbursements (358 ) (267 ) (625 ) Translation adjustments and other 4 3 7 Balance, August 31, 2016 $ 178 $ 2 $ 180

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Aug. 31, 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 Nine Months Ended August 31, August 31, August 31, August 31, Net income (loss) $ 7,576 $ (4,126 ) $ 18,067 $ 670 Weighted average shares outstanding 48,611 50,120 49,765 50,377 Dilutive impact from common stock equivalents 524 — 545 740 Diluted weighted average shares outstanding 49,135 50,120 50,310 51,117 Basic earnings per share $ 0.16 $ (0.08 ) $ 0.36 $ 0.01 Diluted earnings per share $ 0.15 $ (0.08 ) $ 0.36 $ 0.01

Business Segments and Interna34

Business Segments and International Operations (Tables)	9 Months Ended
	Aug. 31, 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 Nine Months Ended (In thousands) August 31, 2016 August 31, 2015 August 31, 2016 August 31, 2015 Segment revenue: OpenEdge $ 67,534 $ 73,398 $ 198,595 $ 214,775 Data Connectivity and Integration 14,251 8,281 30,852 22,669 Application Development and Deployment 20,233 12,958 58,170 27,392 Total revenue 102,018 94,637 287,617 264,836 Segment costs of revenue and operating expenses: OpenEdge 18,180 18,550 53,539 56,529 Data Connectivity and Integration 2,828 3,180 8,863 9,563 Application Development and Deployment 11,021 9,933 29,555 30,169 Total costs of revenue and operating expenses 32,029 31,663 91,957 96,261 Segment contribution: OpenEdge 49,354 54,848 145,056 158,246 Data Connectivity and Integration 11,423 5,101 21,989 13,106 Application Development and Deployment 9,212 3,025 28,615 (2,777 ) Total contribution 69,989 62,974 195,660 168,575 Other unallocated expenses (1) 56,383 54,380 163,005 173,903 Income (loss) from operations 13,606 8,594 32,655 (5,328 ) Other (expense) income, net (1,288 ) (1,165 ) (4,474 ) (1,258 ) Income (loss) before income taxes $ 12,318 $ 7,429 $ 28,181 $ (6,586 ) (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 and impairment 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 Nine Months Ended (In thousands) August 31, August 31, August 31, August 31, Software licenses $ 33,624 $ 31,840 $ 86,366 $ 85,794 Maintenance 60,368 55,365 178,189 157,259 Professional services 8,026 7,432 23,062 21,783 Total $ 102,018 $ 94,637 $ 287,617 $ 264,836
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 Nine Months Ended (In thousands) August 31, August 31, August 31, August 31, North America $ 58,275 $ 49,810 $ 160,732 $ 139,454 EMEA 32,719 30,656 95,517 89,667 Latin America 4,667 4,621 12,749 13,977 Asia Pacific 6,357 9,550 18,619 21,738 Total $ 102,018 $ 94,637 $ 287,617 $ 264,836

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Thousands	Aug. 31, 2016USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs reclassified to long-term debt	$ 136,875
Plan [Member] | New Accounting Pronouncement Early Adoption, Effect [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs reclassified to long-term debt	1,100
Maximum [Member] | 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

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	Aug. 31, 2016	Nov. 30, 2015
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	$ 232,638	$ 241,276
Unrealized Gains	50	30
Unrealized Losses	(4)	(27)
Fair Value	232,684	241,279
State and municipal bond obligations [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	34,489	20,387
Unrealized Gains	43	30
Unrealized Losses		0
Fair Value	34,532	20,417
U.S. treasury bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	6,534	3,109
Unrealized Gains	0	0
Unrealized Losses		(15)
Fair Value	6,534	3,094
U.S. government agency bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	525	1,645
Unrealized Gains	1	0
Unrealized Losses	(4)	(4)
Fair Value	522	1,641
Corporate bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	3,006	3,756
Unrealized Gains	6	0
Unrealized Losses		(8)
Fair Value	3,012	3,748
Cash [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	179,548	186,241
Unrealized Gains	0	0
Unrealized Losses		0
Fair Value	179,548	186,241
Money market funds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Amortized Cost Basis	8,536	26,138
Unrealized Gains	0	0
Unrealized Losses		0
Fair Value	$ 8,536	$ 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	Aug. 31, 2016	Nov. 30, 2015	Aug. 31, 2015	Nov. 30, 2014
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	$ 188,084	$ 212,379	$ 189,113	$ 263,082
Short-Term Investments	44,600	28,900
State and municipal bond obligations [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	34,532	20,417
U.S. treasury bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	6,534	3,094
U.S. government agency bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	522	1,641
Corporate bonds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	0	0
Short-Term Investments	3,012	3,748
Cash [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	179,548	186,241
Short-Term Investments	0	0
Money market funds [Member]
Cash, Cash Equivalents and Investments [Line Items]
Cash and Equivalents	8,536	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	Aug. 31, 2016	Nov. 30, 2015
Investments and Cash [Abstract]
Due in one year or less	$ 23,474	$ 15,945
Due after one year	21,126	12,955
Total	$ 44,600	$ 28,900

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - Forward Contracts [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Derivative [Line Items]
Minimum maturity period, foreign currency derivative			30 days
Maximum maturity period, foreign currency derivative			1 year
Gains (losses) on foreign currency forward contracts	$ (2.2)	$ 0.6	$ (1.4)	$ (1.9)

Derivative Instruments (Outstan

Derivative Instruments (Outstanding Foreign Currency Forward Contracts) (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Nov. 30, 2015
Derivative [Line Items]
Derivative contracts, notional value	$ 86,201	$ 78,825
Derivative contracts, fair value	(5,166)	(4,021)
Short [Member] | Forward Contracts [Member]
Derivative [Line Items]
Derivative contracts, notional value	83,992	76,748
Derivative contracts, fair value	(5,170)	(4,026)
Long [Member] | Forward Contracts [Member]
Derivative [Line Items]
Derivative contracts, notional value	2,209	2,077
Derivative contracts, fair value	$ 4	$ 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	Aug. 31, 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	$ (5,166)	$ (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	(5,166)	(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	8,536	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	8,536	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	34,532	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	34,532	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	6,534	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	6,534	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	522	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	522	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	3,012	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	3,012	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		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 0	$ 295	$ 0	$ 1,717
Changes in fair value of contingent consideration obligation	0	(295)	0	(1,508)
Transfer to Level 2 fair value measurement	0	0	0	(209)
Balance, end of period	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements (Quanti

Fair Value Measurements (Quantitative Information about Unobservable Inputs, Liabilities) (Details) - Modulus [Member] - USD ($)	3 Months Ended	9 Months Ended
	May 31, 2014	Aug. 31, 2015	Nov. 30, 2015
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Change in fair value of contingent consideration	$ 300,000	$ 1,500,000
Contingent Consideration [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Contingent consideration liability			$ 0

Fair Value Measurements (Assets

Fair Value Measurements (Assets Measured on Nonrecurring Basis) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of intangible assets	$ 5,051,000	$ 0	$ 5,051,000	$ 0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible assets at fair value	0		0
Impairment of intangible assets	$ 5,100,000		$ 5,051,000

Intangible Assets and Goodwil45

Intangible Assets and Goodwill (Schedule Of Intangible Assets) (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Nov. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 192,622	$ 200,083
Accumulated Amortization	(104,938)	(85,970)
Net Book Value	87,684	114,113
Purchased technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	109,880	117,151
Accumulated Amortization	(64,438)	(54,963)
Net Book Value	45,442	62,188
Customer-related [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	67,602	67,602
Accumulated Amortization	(33,257)	(25,493)
Net Book Value	34,345	42,109
Trademarks and trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	15,140	15,330
Accumulated Amortization	(7,243)	(5,514)
Net Book Value	$ 7,897	$ 9,816

Intangible Assets and Goodwil46

Intangible Assets and Goodwill (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015	Nov. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Impairment of intangible assets	$ 5,051,000	$ 0	$ 5,051,000	$ 0
Intangible assets, amortization expense	7,100,000	$ 7,300,000	$ 21,400,000	$ 22,400,000
Goodwill impairment loss					$ 0
Modulus [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment of intangible assets	$ 5,100,000

Intangible Assets and Goodwil47

Intangible Assets and Goodwill (Schedule Of Future Amortization Expense From Intangible Assets Held) (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2016	$ 6,852
2,017	27,426
2,018	26,613
2,019	25,489
2,020	714
Thereafter	590
Net Book Value	$ 87,684	$ 114,113

Intangible Assets and Goodwil48

Intangible Assets and Goodwill (Schedule of Goodwill) (Details) $ in Thousands	9 Months Ended
	Aug. 31, 2016USD ($)
Goodwill [Roll Forward]
Balance, November 30, 2015	$ 369,985
Translation adjustments	112
Balance, August 31, 2016	370,097
OpenEdge [Member]
Goodwill [Roll Forward]
Balance, November 30, 2015	211,980
Translation adjustments	112
Balance, August 31, 2016	212,092
Data Connectivity and Integration [Member]
Goodwill [Roll Forward]
Balance, November 30, 2015	19,040
Translation adjustments	0
Balance, August 31, 2016	19,040
Application Development and Deployment [Member]
Goodwill [Roll Forward]
Balance, November 30, 2015	138,965
Translation adjustments	0
Balance, August 31, 2016	$ 138,965

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) - USD ($)	Dec. 02, 2014	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Business Acquisition [Line Items]
Acquisition-related costs		$ 53,000	$ 662,000	$ 449,000	$ 3,180,000
Total revenue		102,018,000	94,637,000	287,617,000	264,836,000
Income (loss) before income taxes		12,318,000	7,429,000	28,181,000	(6,586,000)
Intangible assets, amortization expense		7,100,000	7,300,000	21,400,000	22,400,000
Stock-based compensation expense		5,779,000	6,538,000	19,009,000	18,812,000
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%
Acquisition-related costs		300,000	800,000	300,000	2,700,000
Earn-out provision	$ 2,200,000
Service period	1 year
Expense recognized related to contingent earn-out provisions		0	600,000	0	1,800,000
Total revenue		19,400,000	12,500,000	56,000,000	26,200,000
Income (loss) before income taxes		(7,000,000)	(10,200,000)	(20,200,000)	(41,200,000)
Intangible assets, amortization expense		6,200,000	$ 6,200,000	18,500,000	$ 12,300,000
Stock-based compensation expense		$ 2,200,000		$ 6,500,000
Credit Agreement [Member]
Business Acquisition [Line Items]
Term loan	$ 150,000,000

Term Loan and Line of Credit (N

Term Loan and Line of Credit (Narrative) (Details) - Credit Agreement [Member] - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015	Dec. 02, 2014
Line of Credit Facility [Line Items]
Term loan					$ 150,000,000
Unsecured credit facility					150,000,000
Additional borrowing capacity available					75,000,000
Fair value of term loan	$ 136,900,000		$ 136,900,000
Due in next 12 months	13,100,000		13,100,000
Principal payments for years one and two	1,900,000		1,900,000
Principal payments for years three and four	3,800,000		3,800,000
Principal payments for years five and thereafter	5,600,000		$ 5,600,000
Interest rate during period (as a percent)			2.25%
Debt issuance cost	1,800,000		$ 1,800,000
Amortization of debt issuance costs	100,000	$ 100,000	300,000	$ 300,000
Letter of credit [Member]
Line of Credit Facility [Line Items]
Unsecured credit facility					25,000,000
Line of credit facility outstanding amount	500,000		500,000
Revolving line of credit [Member]
Line of Credit Facility [Line Items]
Line of credit facility outstanding amount	$ 0		$ 0
Swing line loans [Member]
Line of Credit Facility [Line Items]
Unsecured credit facility					$ 25,000,000

Term Loan and Line of Credit (F

Term Loan and Line of Credit (Future Maturities) (Details) $ in Thousands	Aug. 31, 2016USD ($)
Line of Credit Facility [Abstract]
Remainder of 2016	$ 1,875
2,017	15,000
2,018	15,000
2,019	105,000
Total	$ 136,875

Common Stock Repurchases (Detai

Common Stock Repurchases (Details) - USD ($) shares in Millions	3 Months Ended	9 Months Ended
	Aug. 31, 2016	Aug. 31, 2016	Aug. 31, 2015	Mar. 31, 2016
Common Stock Repurchases [Abstract]
Common stock repurchased and retired (in shares)	0.4	2.8	1.3
Common stock repurchased and retired	$ 11,500,000	$ 71,500,000	$ 32,900,000
Remaining authorized repurchase amount	$ 143,000,000	$ 143,000,000		$ 202,800,000
March 2016 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Authorized amount for share repurchase programs				$ 100,000,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details)	9 Months Ended
	Aug. 31, 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		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 5,779	$ 6,538	$ 19,009	$ 18,812
Cost of maintenance and services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	223	144	599	462
Sales and marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	751	1,604	2,792	4,328
Product development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	2,524	912	7,600	3,476
General and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 2,281	$ 3,878	$ 8,018	$ 10,546

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Loss (Details) $ in Thousands	9 Months Ended
	Aug. 31, 2016USD ($)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2015	$ 522,464
Balance, August 31, 2016	494,579
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	485
Amounts reclassified from accumulated other comprehensive loss to realized losses included in earnings	256
Balance, August 31, 2016	(23,841)
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	27
Amounts reclassified from accumulated other comprehensive loss to realized losses included in earnings	0
Balance, August 31, 2016	(19)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 1, 2015	(24,628)
Other comprehensive loss before reclassifications, net of tax	512
Amounts reclassified from accumulated other comprehensive loss to realized losses included in earnings	256
Balance, August 31, 2016	$ (23,860)

Restructuring Charges (Narrativ

Restructuring Charges (Narrative) (Details)	3 Months Ended			9 Months Ended
	Aug. 31, 2016USD ($)	Nov. 30, 2015USD ($)Segments	Aug. 31, 2015USD ($)facility	Aug. 31, 2016USD ($)	Aug. 31, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ (36,000)		$ 2,561,000	$ 229,000	$ 8,715,000
Restructuring reserve	613,000	$ 3,361,000		613,000
2015 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Number of facilities closed | facility			2
Restructuring expenses				(42,000)
Restructuring reserve	371,000	$ 2,617,000		371,000
Number of operating segments | Segments		3
2015 Restructuring Activities [Member] | Other accrued liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	400,000			400,000
2012 - 2014 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses			$ 0		1,300,000
2012 - 2014 Restructuring Activities [Member] | Other accrued liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	100,000			100,000
Level 3 [Member] | Nonrecurring Basis [Member]
Restructuring Cost and Reserve [Line Items]
Long-lived assets at fair value			100,000		100,000
Telerik AD [Member]
Restructuring Cost and Reserve [Line Items]
Impairment of long-lived assets			4,000,000
Telerik AD [Member] | 2015 Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses			$ 2,500,000	280,000	$ 7,400,000
Restructuring reserve	180,000	$ 518,000		180,000
Telerik AD [Member] | 2015 Restructuring Activities [Member] | Other accrued liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 200,000			$ 200,000

Restructuring Charges (Summary

Restructuring Charges (Summary of Restructuring Activity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Restructuring Reserve [Roll Forward]
Beginning Balance			$ 3,361
Costs incurred	$ (36)	$ 2,561	229	$ 8,715
Cash disbursements			(3,001)
Translation adjustments and other			24
Ending Balance	613		613
Excess Facilities and Other Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			412
Costs incurred			338
Cash disbursements			(514)
Translation adjustments and other			4
Ending Balance	240		240
Employee Severance and Related Benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			2,949
Costs incurred			(109)
Cash disbursements			(2,487)
Translation adjustments and other			20
Ending Balance	373		373
2015 Restructuring Activities [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			2,617
Costs incurred			(42)
Cash disbursements			(2,220)
Translation adjustments and other			(16)
Ending Balance	371		371
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		0
2015 Restructuring Activities [Member] | Employee Severance and Related Benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			2,617
Costs incurred			(42)
Cash disbursements			(2,220)
Translation adjustments and other			(16)
Ending Balance	371		371
Telerik AD [Member] | 2015 Restructuring Activities [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			518
Costs incurred		$ 2,500	280	$ 7,400
Cash disbursements			(625)
Translation adjustments and other			7
Ending Balance	180		180
Telerik AD [Member] | 2015 Restructuring Activities [Member] | Excess Facilities and Other Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			209
Costs incurred			323
Cash disbursements			(358)
Translation adjustments and other			4
Ending Balance	178		178
Telerik AD [Member] | 2015 Restructuring Activities [Member] | Employee Severance and Related Benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			309
Costs incurred			(43)
Cash disbursements			(267)
Translation adjustments and other			3
Ending Balance	$ 2		$ 2

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Aug. 31, 2016	May 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Income Tax Disclosure [Abstract]
Foreign statutory rate (as a percent)				10.00%	10.00%
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of period tax benefit	$ (4,742)		$ (11,555)	$ (10,114)	$ 7,256
Adjustment for Error Correction [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Out of period tax benefit		$ 2,700

Earnings Per Share (Calculation

Earnings Per Share (Calculation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Earnings Per Share [Abstract]
Net (loss) income (in dollars)	$ 7,576	$ (4,126)	$ 18,067	$ 670
Weighted average shares outstanding (in shares)	48,611	50,120	49,765	50,377
Dilutive impact from common stock equivalents (in shares)	524	0	545	740
Diluted weighted average shares outstanding (in shares)	49,135	50,120	50,310	51,117
Basic earnings (loss) per share (in dollars per share)	$ 0.16	$ (0.08)	$ 0.36	$ 0.01
Diluted earnings (loss) per share (in dollars per share)	$ 0.15	$ (0.08)	$ 0.36	$ 0.01

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Earnings Per Share [Abstract]
Number of shares excluded from the calculation of diluted earnings per share	287	1,173	423	296

Business Segments and Interna61

Business Segments and International Operations (Income from Continuing Operations by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	$ 102,018	$ 94,637	$ 287,617	$ 264,836
Segment costs of revenue and operating expenses	32,029	31,663	91,957	96,261
Segment contribution margin	69,989	62,974	195,660	168,575
Other unallocated expenses	56,383	54,380	163,005	173,903
Income (loss) from operations	13,606	8,594	32,655	(5,328)
Other (expense) income, net	(1,288)	(1,165)	(4,474)	(1,258)
Income (loss) before income taxes	12,318	7,429	28,181	(6,586)
OpenEdge [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	67,534	73,398	198,595	214,775
Segment costs of revenue and operating expenses	18,180	18,550	53,539	56,529
Segment contribution margin	49,354	54,848	145,056	158,246
Data Connectivity and Integration [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	14,251	8,281	30,852	22,669
Segment costs of revenue and operating expenses	2,828	3,180	8,863	9,563
Segment contribution margin	11,423	5,101	21,989	13,106
Application Development and Deployment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment revenue	20,233	12,958	58,170	27,392
Segment costs of revenue and operating expenses	11,021	9,933	29,555	30,169
Segment contribution margin	$ 9,212	$ 3,025	$ 28,615	$ (2,777)

Business Segments and Interna62

Business Segments and International Operations (Revenue from External Customers by Product) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Segment Reporting [Abstract]
Software licenses	$ 33,624	$ 31,840	$ 86,366	$ 85,794
Maintenance	60,368	55,365	178,189	157,259
Professional services	8,026	7,432	23,062	21,783
Total revenue	$ 102,018	$ 94,637	$ 287,617	$ 264,836

Business Segments and Interna63

Business Segments and International Operations (Revenue from External Customers from Different Geographical Areas) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2016	Aug. 31, 2015
Revenue from External Customer [Line Items]
Total revenue	$ 102,018	$ 94,637	$ 287,617	$ 264,836
North America [Member]
Revenue from External Customer [Line Items]
Total revenue	58,275	49,810	160,732	139,454
EMEA [Member]
Revenue from External Customer [Line Items]
Total revenue	32,719	30,656	95,517	89,667
Latin America [Member]
Revenue from External Customer [Line Items]
Total revenue	4,667	4,621	12,749	13,977
Asia Pacific [Member]
Revenue from External Customer [Line Items]
Total revenue	$ 6,357	$ 9,550	$ 18,619	$ 21,738

Subsequent Events (Details)

Subsequent Events (Details)	Sep. 27, 2016$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared (in dollars per share)	$ 0.125