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Goodwill and Acquired Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2020
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, 2020

 

 

September 30, 2019

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Goodwill (not amortized)

 

 

 

 

 

 

 

 

 

$

1,625,786

 

 

 

 

 

 

 

 

 

 

$

1,238,179

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased software

 

$

443,275

 

 

$

309,124

 

 

$

134,151

 

 

$

377,359

 

 

$

278,144

 

 

$

99,215

 

Capitalized software

 

 

22,877

 

 

 

22,877

 

 

 

 

 

 

22,877

 

 

 

22,877

 

 

 

 

Customer lists and relationships

 

 

418,953

 

 

 

322,092

 

 

 

96,861

 

 

 

355,931

 

 

 

288,828

 

 

 

67,103

 

Trademarks and trade names

 

 

22,687

 

 

 

16,129

 

 

 

6,558

 

 

 

18,891

 

 

 

15,260

 

 

 

3,631

 

Other

 

 

4,017

 

 

 

4,017

 

 

 

 

 

 

3,910

 

 

 

3,910

 

 

 

 

 

 

$

911,809

 

 

$

674,239

 

 

$

237,570

 

 

$

778,968

 

 

$

609,019

 

 

$

169,949

 

Total goodwill and acquired intangible assets

 

 

 

 

 

 

 

 

 

$

1,863,356

 

 

 

 

 

 

 

 

 

 

$

1,408,128

 

 

(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, 10 years, and 11 years, respectively.

Schedule of Changes in Goodwill by Reportable Segment

Changes in goodwill presented by reportable segment were as follows:

 

(in thousands)

 

Software

Products

 

 

Professional

Services

 

 

Total

 

Balance, September 30, 2018

 

$

1,152,720

 

 

$

29,737

 

 

$

1,182,457

 

Frustum acquisition

 

 

53,673

 

 

 

 

 

 

53,673

 

Other acquisitions

 

 

 

 

 

12,645

 

 

 

12,645

 

Foreign currency translation adjustments

 

 

(10,329

)

 

 

(267

)

 

 

(10,596

)

Balance, September 30, 2019

 

$

1,196,064

 

 

$

42,115

 

 

$

1,238,179

 

Onshape Acquisition

 

 

364,910

 

 

 

 

 

 

364,910

 

Other acquisitions

 

 

12,262

 

 

 

 

 

 

12,262

 

Foreign currency translation adjustments

 

 

10,080

 

 

 

355

 

 

 

10,435

 

Balance, September 30, 2020

 

$

1,583,316

 

 

$

42,470

 

 

$

1,625,786

 

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, 2020, 2019 and 2018 was reflected in our Consolidated Statements of Operations as follows:

 

(in thousands)

 

Year ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Amortization of acquired intangible assets

 

$

28,713

 

 

$

23,841

 

 

$

31,350

 

Cost of software revenue

 

 

27,391

 

 

 

27,307

 

 

 

26,706

 

Total amortization expense

 

$

56,104

 

 

$

51,148

 

 

$

58,056