Goodwill And Intangible Assets

3 Months Ended

Jan. 28, 2012

Goodwill And Intangible Assets [Abstract]

3. Goodwill and Intangible Assets

The following table summarizes goodwill activity by reportable segment for the three months ended January 28, 2012 (in thousands):


	Data Storage Products			Ethernet Products			Global Services		Total
Balance at October 29, 2011
Goodwill	$	176,968		$	1,344,415		$	155,416	$	1,676,799
Accumulated impairment losses		—			(45,832	)		—		(45,832	)

		176,968			1,298,583			155,416		1,630,967
Tax and other adjustments during the three months ended January 28, 2012 (1)		(2	)		(2,421	)		—		(2,423	)

Balance at January 28, 2012
Goodwill		176,966			1,341,994			155,416		1,674,376
Accumulated impairment losses		—			(45,832	)		—		(45,832	)

	$	176,966		$	1,296,162		$	155,416	$	1,628,544

(1)	The goodwill adjustments during the three months ended January 28, 2012 were primarily a result of tax benefits from the exercise of stock awards of acquired companies.

The Company conducts its goodwill impairment test annually, as of the first day of the second fiscal quarter, or whenever events or changes in facts and circumstances indicate that the fair value of the reporting unit may be less than its carrying amount. Based on goodwill impairment analysis results during the second fiscal quarter of 2011, the Company determined that no impairment needed to be recorded. During the three months ended January 28, 2012, there were no facts and circumstances that indicated that the fair value of the reporting units may be less than their current carrying amount.

Intangible assets other than goodwill are amortized on a straight-line basis over the following estimated remaining useful lives, unless the Company has determined these lives to be indefinite. The following tables present details of the Company's intangible assets (in thousands, except for weighted-average remaining useful life):


January 28, 2012	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted- Average Remaining Useful Life (in years)
Trade name	$	10,441	$	10,426	$	15		0.92
Core/developed technology		337,858		259,945		77,913		1.71
Customer relationships		352,581		244,895		107,686		1.76

Total intangible assets	$	700,880	$	515,266	$	185,614		1.74


October 29, 2011	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted- Average Remaining Useful Life (in years)
Trade name	$	10,441	$	10,422	$	19		1.17
Core/developed technology		337,858		245,855		92,003		2.04
Customer relationships		352,581		229,906		122,675		2.12

Total intangible assets	$	700,880	$	486,183	$	214,697		2.08

The following table presents the amortization of intangible assets included on the Condensed Consolidated Statements of Income (in thousands):


	Three Months Ended
	January 28, 2012		January 29, 2011
Cost of revenues	$	14,090	$	14,467
Operating expenses		14,993		16,190

Total	$	29,083	$	30,657

The following table presents the estimated future amortization of intangible assets as of January 28, 2012 (in thousands):


Fiscal Year	Estimated Future Amortization
2012 (remaining nine months)	$	76,349
2013		93,109
2014		16,156

Total	$	185,614

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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