Intangible Assets and Goodwill

3 Months Ended

Feb. 28, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

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



	February 28, 2018							November 30, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	154,301	$	(94,043	)	$	60,258	$	154,301	$	(88,224	)	$	66,077
Customer-related	67,802		(48,828		)	18,974		67,802		(46,230		)	21,572
Trademarks and trade names	17,740		(11,215		)	6,525		17,740		(10,495		)	7,245
Total	$	239,843	$	(154,086	)	$	85,757	$	239,843	$	(144,949	)	$	94,894

In the first quarter of fiscal years 2018 and 2017, amortization expense related to intangible assets was $9.1 million and $6.9 million, respectively.

Future amortization expense for intangible assets as of February 28, 2018 is as follows (in thousands):



Remainder of 2018	$	26,918
2019	34,932
2020	10,152
2021	10,033
2022	3,722
Total	$	85,757

Goodwill

Changes in the carrying amount of goodwill in the three months ended February 28, 2018 are as follows (in thousands):



Balance, November 30, 2017	$	315,041
Translation adjustments	65
Balance, February 28, 2018	$	315,106

Changes in the goodwill balances by reportable segment in the three months ended February 28, 2018 are as follows (in thousands):



	November 30, 2017		Translation Adjustments		February 28, 2018
OpenEdge	$	249,036	$	65	$	249,101
Data Connectivity and Integration	19,040		—		19,040
Application Development and Deployment	46,965		—		46,965
Total goodwill	$	315,041	$	65	$	315,106

During the quarter ending February 28, 2018, 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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