Goodwill and Intangible Assets

6 Months Ended

Apr. 30, 2024

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, 2024 are as follows:

	(in thousands)
Balance at October 31, 2023	$	3,346,065
Additions	82,729
Adjustments	168
Effect of foreign currency translation	(1,538)
Balance at April 30, 2024	$	3,427,424

Intangible Assets

Intangible assets as of April 30, 2024 consist of the following:

	Gross Carrying Amount		Accumulated Amortization		Net Amount
	(in thousands)
Core/developed technology	$	899,242	$	697,638	$	201,604
Customer relationships	311,390		238,812		72,578
Contract rights intangible	176,214		173,535		2,679
Trademarks and trade names	12,925		12,909		16
Total	$	1,399,771	$	1,122,894	$	276,877

Intangible assets as of October 31, 2023 consist of the following:

	Gross Carrying Amount		Accumulated Amortization		Net Amount
	(in thousands)
Core/developed technology	$	842,448	$	672,480	$	169,968
Customer relationships	296,883		231,557		65,326
Contract rights intangible	175,747		171,487		4,260
Trademarks and trade names	12,925		12,902		23
Capitalized software development costs	50,795		50,795		—
Total	$	1,378,798	$	1,139,221	$	239,577

Amortization expense related to intangible assets consists of the following:

	Three Months Ended   April 30,				Six Months Ended   April 30,
	2024		2023		2024		2023
	(in thousands)
Core/developed technology	$	12,963	$	10,102	$	24,926	$	20,991
Customer relationships	3,884		1,899		7,409		3,934
Contract rights intangible	1,210		391		2,402		699
Trademarks and trade names	4		—		8		—
Capitalized software development costs(1)	—		510		—		1,069
Total	$	18,061	$	12,902	$	34,745	$	26,693

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

The following table presents the estimated future amortization of acquired intangible assets as of April 30, 2024:

Fiscal year	(in thousands)
Remainder of fiscal 2024	$	35,619
2025	61,385
2026	51,060
2027	46,113
2028	31,381
2029 and thereafter	51,319
Total	$	276,877