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Goodwill and Acquired Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Acquired Intangible Assets

Goodwill and acquired intangible assets consisted of the following:

 

(in thousands)

 

September 30, 2023

 

 

September 30, 2022

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Goodwill (not amortized)

 

 

 

 

 

 

 

$

3,358,511

 

 

 

 

 

 

 

 

$

2,353,654

 

Intangible assets with finite lives (amortized)(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased software

 

$

615,915

 

 

$

395,109

 

 

$

220,806

 

 

$

502,859

 

 

$

355,857

 

 

$

147,002

 

Capitalized software

 

 

22,877

 

 

 

22,877

 

 

 

 

 

 

22,877

 

 

 

22,877

 

 

 

 

Customer lists and relationships

 

 

1,116,117

 

 

 

413,125

 

 

 

702,992

 

 

 

594,970

 

 

 

369,390

 

 

 

225,580

 

Trademarks and trade names

 

 

36,851

 

 

 

19,400

 

 

 

17,451

 

 

 

27,546

 

 

 

17,410

 

 

 

10,136

 

Other

 

 

3,867

 

 

 

3,867

 

 

 

 

 

 

3,766

 

 

 

3,766

 

 

 

 

 

 

$

1,795,627

 

 

$

854,378

 

 

$

941,249

 

 

$

1,152,018

 

 

$

769,300

 

 

$

382,718

 

Total goodwill and acquired intangible assets

 

 

 

 

 

 

 

$

4,299,760

 

 

 

 

 

 

 

 

$

2,736,372

 

 

(1)
The weighted-average useful lives of purchased software, customer lists and relationships, and trademarks and trade names with a remaining net book value are 11 years, 17 years, and 11 years, respectively. The weighted-average useful life for all intangible assets in total is 15 years.
Schedule of Changes in Goodwill

Changes in goodwill were as follows:

 

(in thousands)

 

 

 

Balance, September 30, 2021

 

$

2,191,887

 

Intland Software acquisition

 

 

240,971

 

Other acquisitions

 

 

691

 

Divestiture of business

 

 

(32,992

)

Foreign currency translation adjustments

 

 

(46,903

)

Balance, September 30, 2022

 

$

2,353,654

 

ServiceMax acquisition

 

 

974,850

 

Other acquisitions

 

 

 

Foreign currency translation adjustments

 

 

30,007

 

Balance, September 30, 2023

 

$

3,358,511

 

Schedule of Aggregate Amortization Expense for Intangible Assets with Finite Lives

The aggregate amortization expense for intangible assets with finite lives recorded for the years ended September 30, 2023, 2022 and 2021 was reflected in our Consolidated Statements of Operations as follows:

 

(in thousands)

 

Year ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Amortization of acquired intangible assets

 

$

40,022

 

 

$

34,970

 

 

$

29,396

 

Cost of revenue

 

 

35,694

 

 

 

25,578

 

 

 

29,769

 

Total amortization expense

 

$

75,716

 

 

$

60,548

 

 

$

59,165