Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying amount of goodwill during the three months ended January 31, 2021 were as follows:


	(in thousands)




Balance at October 31, 2020	$	3,365,114
Additions	59,285

Effect of foreign currency translation	8,604
Balance at January 31, 2021	$	3,433,003

Intangible Assets

In-process research and development (IPR&D) as of January 31, 2021 consisted of acquired projects that, if completed, will be reclassified to core/developed technology upon completion, or if abandoned, will be written off. Intangible assets as of January 31, 2021 consisted of the following:


	Gross Assets		Accumulated Amortization		Net Assets
	(in thousands)
Core/developed technology	$	846,611	$	714,026	$	132,585
Customer relationships	381,686		285,019		96,667
Contract rights intangible	193,087		187,758		5,329

Trademarks and trade names	43,095		29,325		13,770
In-process research and development (IPR&D)	1,214		—		1,214
Capitalized software development costs	45,133		40,323		4,810
Total	$	1,510,826	$	1,256,451	$	254,375

Intangible assets as of October 31, 2020 consisted of the following:


	Gross Assets		Accumulated Amortization		Net Assets
	(in thousands)
Core/developed technology	$	827,232	$	703,009	$	124,223
Customer relationships	380,838		277,219		103,619
Contract rights intangible	192,812		186,763		6,049

Trademarks and trade names	43,096		28,716		14,380
In-process research and development (IPR&D)	1,214		—		1,214
Capitalized software development costs	44,122		39,285		4,837
Total	$	1,489,314	$	1,234,992	$	254,322

Amortization expense related to intangible assets consisted of the following:


	Three Months Ended January 31,
	2021		2020
	(in thousands)
Core/developed technology	$	11,016	$	12,318
Customer relationships	7,780		8,562
Contract rights intangible	870		875

Trademarks and trade names	610		778
Capitalized software development costs(1)	1,038		901
Total	$	21,314	$	23,434

(1) Amortization of capitalized software development costs is included in cost of products revenue in the unaudited condensed consolidated statements of operations.

The following table presents the estimated future amortization of intangible assets as of January 31, 2021:


Fiscal year	(in thousands)
Remainder of fiscal 2021	$	59,323
2022	65,764
2023	48,868
2024	38,407
2025	22,304
2026 and thereafter	18,495
IPR&D	1,214
Total	$	254,375