Goodwill and Intangible Assets

6 Months Ended

Apr. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill during the six months ended April 30, 2021 were as follows:

	(in thousands)
Balance at October 31, 2020	$	3,365,114
Additions	59,196
Effect of foreign currency translation	8,267
Balance at April 30, 2021	$	3,432,577

Intangible Assets

In-process research and development (IPR&D) as of April 30, 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 April 30, 2021 consisted of the following:

	Gross Assets		Accumulated Amortization		Net Assets
	(in thousands)
Core/developed technology	$	846,611	$	724,695	$	121,916
Customer relationships	381,495		292,556		88,939
Contract rights intangible	192,595		187,705		4,890
Trademarks and trade names	43,095		29,935		13,160
In-process research and development (IPR&D)	914		—		914
Capitalized software development costs	45,386		41,396		3,990
Total	$	1,510,096	$	1,276,287	$	233,809

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   April 30,				Six Months Ended   April 30,
	2021		2020		2021		2020
	(in thousands)
Core/developed technology	$	10,969	$	12,724	$	21,986	$	25,042
Customer relationships	7,703		8,912		15,482		17,474
Contract rights intangible	439		1,681		1,309		2,557
Trademarks and trade names	610		778		1,220		1,555
Capitalized software development costs(1)	1,072		933		2,110		1,834
Total	$	20,793	$	25,028	$	42,107	$	48,462

(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 April 30, 2021:

Fiscal year	(in thousands)
Remainder of fiscal 2021	$	38,878
2022	65,879
2023	48,932
2024	38,407
2025	22,304
2026 and thereafter	18,495
IPR&D	914
Total	$	233,809