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Goodwill and Acquired Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2021
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, 2021

 

 

September 30, 2020

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Goodwill (not amortized)

 

 

 

 

 

 

 

 

 

$

2,191,887

 

 

 

 

 

 

 

 

 

 

$

1,625,786

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased software

 

$

483,771

 

 

$

338,542

 

 

$

145,229

 

 

$

443,275

 

 

$

309,124

 

 

$

134,151

 

Capitalized software

 

 

22,877

 

 

 

22,877

 

 

 

 

 

 

22,877

 

 

 

22,877

 

 

 

 

Customer lists and relationships

 

 

574,516

 

 

 

350,648

 

 

 

223,868

 

 

 

418,953

 

 

 

322,092

 

 

 

96,861

 

Trademarks and trade names

 

 

26,906

 

 

 

17,036

 

 

 

9,870

 

 

 

22,687

 

 

 

16,129

 

 

 

6,558

 

Other

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

4,017

 

 

 

4,017

 

 

 

 

 

 

$

1,112,070

 

 

$

733,103

 

 

$

378,967

 

 

$

911,809

 

 

$

674,239

 

 

$

237,570

 

Total goodwill and acquired intangible assets

 

 

 

 

 

 

 

 

 

$

2,570,854

 

 

 

 

 

 

 

 

 

 

$

1,863,356

 

 

(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 10  years, 11 years, and 12 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, 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

 

Arena acquisition

 

 

563,620

 

 

 

 

 

 

563,620

 

Other acquisitions

 

 

181

 

 

 

400

 

 

 

581

 

Foreign currency translation adjustments

 

 

1,851

 

 

 

49

 

 

 

1,900

 

Balance, September 30, 2021

 

$

2,148,968

 

 

$

42,919

 

 

$

2,191,887

 

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, 2021, 2020 and 2019 was reflected in our Consolidated Statements of Operations as follows:

 

(in thousands)

 

Year ended September 30,

 

 

 

2021

 

 

2020

 

 

2019

 

Amortization of acquired intangible assets

 

$

29,396

 

 

$

28,713

 

 

$

23,841

 

Cost of software revenue

 

 

29,769

 

 

 

27,391

 

 

 

27,307

 

Total amortization expense

 

$

59,165

 

 

$

56,104

 

 

$

51,148