v3.26.1
Debt
 6 Months Ended
May 31, 2026
Line of Credit Facility [Abstract]  
Debt Debt
As of May 31, 2026 and November 30, 2025, we had the following debt obligations:

(in thousands)May 31, 2026November 30, 2025
Current portion of long-term debt:
  1.0% convertible senior notes due 2026
$— $360,000 
   Unamortized discount and issuance costs for the 2026 Notes
— (837)
            Total current portion of long-term debt— 359,163 
Long-term debt:
  3.5% convertible senior notes due 2030
450,000 450,000 
   Revolving credit facility(1)
850,000 600,000 
            Total face value of long-term debt1,300,000 1,050,000 
   Unamortized discount and issuance costs for the 2030 Notes
(7,853)(8,814)
             Total long-term debt1,292,147 1,041,186 
             Total debt$1,292,147 $1,400,349 

(1) Unamortized debt issuance costs related to the revolving credit facility of $9.3 million and $10.4 million are included in other assets on the condensed consolidated balance sheets as of May 31, 2026 and November 30, 2025, respectively.

In April 2026, the Company paid $361.8 million to redeem the outstanding portion of the 2026 Notes, including the outstanding principal amount and accrued interest through the April 2026 maturity date. We funded the redemption through borrowings under our existing revolving credit facility and cash on hand.

In April 2021, in connection with the pricing of the 2026 Notes, the Company entered into privately negotiated capped call transactions (the "2021 Capped Call Transactions") to reduce potential dilution to our common stock upon any conversion of the 2026 Notes and/or offset any potential cash payments the Company was required to make in excess of the principal amount of converted 2026 Notes. The 2021 Capped Call Transactions expired unexercised in April 2026.

During the six months ended May 31, 2026, we repaid $110.00 million on the revolving credit facility. The interest rate as of May 31, 2026 was 5.37%.