Goodwill and Intangible Assets

9 Months Ended

Jul. 31, 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 nine months ended July 31, 2021 were as follows:

	(in thousands)
Balance at October 31, 2020	$	3,365,114
Additions	114,628
Effect of foreign currency translation	5,439
Balance at July 31, 2021	$	3,485,181

Intangible Assets

Intangible assets as of July 31, 2021 consisted of the following:

	Gross Assets		Accumulated Amortization		Net Assets
	(in thousands)
Core/developed technology	$	884,603	$	736,125	$	148,478
Customer relationships	381,703		300,441		81,262
Contract rights intangible	192,359		187,909		4,450
Trademarks and trade names	43,095		30,545		12,550
Capitalized software development costs	45,639		42,405		3,234
Total	$	1,547,399	$	1,297,425	$	249,974

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   July 31,				Nine Months Ended   July 31,
	2021		2020		2021		2020
	(in thousands)
Core/developed technology	$	11,431	$	12,472	$	33,416	$	37,515
Customer relationships	7,960		8,971		23,443		26,444
Contract rights intangible	439		1,272		1,748		3,829
Trademarks and trade names	610		934		1,830		2,489
Capitalized software development costs(1)	1,010		947		3,120		2,782
Total	$	21,450	$	24,596	$	63,557	$	73,059

(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 July 31, 2021:

Fiscal year	(in thousands)
Remainder of fiscal 2021	$	21,104
2022	73,594
2023	56,625
2024	46,005
2025	29,903
2026 and thereafter	22,743
Total	$	249,974