Intangible Assets and Goodwill

3 Months Ended

Feb. 29, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets are comprised of the following significant classes (in thousands):



	February 29, 2016							November 30, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	117,204	$	(58,956	)	$	58,248	$	117,151	$	(54,963	)	$	62,188
Customer-related	67,602		(28,081		)	39,521		67,602		(25,493		)	42,109
Trademarks and trade names	15,330		(6,111		)	9,219		15,330		(5,514		)	9,816
Total	$	200,136	$	(93,148	)	$	106,988	$	200,083	$	(85,970	)	$	114,113

In the first quarter of fiscal years 2016 and 2015, amortization expense related to intangible assets was $7.1 million and $7.8 million, respectively.

Future amortization expense for intangible assets as of February 29, 2016, is as follows (in thousands):



Remainder of 2016	$	21,374
2017	28,499
2018	27,686
2019	26,561
2020	1,786
Thereafter	1,082
Total	$	106,988

Goodwill

Changes in the carrying amount of goodwill in the three months ended February 29, 2016 are as follows (in thousands):



Balance, November 30, 2015	$	369,985
Translation adjustments	(21		)
Balance, February 29, 2016	$	369,964

Changes in the goodwill balances by reportable segment in the three months ended February 29, 2016 are as follows (in thousands):



	November 30, 2015		Translation Adjustments			February 29, 2016
OpenEdge	$	211,980	$	(21	)	$	211,959
Data Connectivity and Integration	19,040		—			19,040
Application Development and Deployment	138,965		—			138,965
Total goodwill	$	369,985	$	(21	)	$	369,964

During the fourth quarter of fiscal year 2015, we completed our annual testing for impairment of goodwill and, based on those tests, concluded that no impairment of goodwill existed as of October 31, 2015. During the quarter ending February 29, 2016, no triggering events have occurred that would indicate that it is more likely than not that the carrying values of any of our reporting units exceeded their fair values.

- 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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