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Intangible Assets and Goodwill
6 Months Ended
May 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill

Intangible Assets

Intangible assets are comprised of the following significant classes (in thousands):
 
 
May 31, 2020
 
November 30, 2019
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Book
Value
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Book
Value
Purchased technology
$
135,186

 
$
(109,277
)
 
$
25,909

 
$
135,186

 
$
(105,967
)
 
$
29,219

Customer-related
134,042

 
(81,129
)
 
52,913

 
134,042

 
(74,175
)
 
59,867

Trademarks and trade names
24,740

 
(17,064
)
 
7,676

 
24,740

 
(16,043
)
 
8,697

Non-compete agreement
2,000

 
(724
)
 
1,276

 
2,000

 
(391
)
 
1,609

Total
$
295,968

 
$
(208,194
)
 
$
87,774

 
$
295,968

 
$
(196,576
)
 
$
99,392



In the three and six months ended May 31, 2020, amortization expense related to intangible assets was $5.8 million and $11.6 million, respectively. In the three and six months ended May 31, 2019, amortization expense related to intangible assets was $10.7 million and $19.3 million, respectively.

Future amortization expense for intangible assets as of May 31, 2020, is as follows (in thousands):
 
Remainder of 2020
$
11,617

2021
23,117

2022
22,136

2023
21,860

2024
9,044

Total
$
87,774



Goodwill

Changes in the carrying amount of goodwill in the six months ended May 31, 2020 are as follows (in thousands):

Balance, November 30, 2019
$
432,824

Measurement period adjustments(1)
(838
)
Translation adjustments
(117
)
Balance, May 31, 2020
$
431,869

(1) Represents final measurement period adjustments related to our Ipswitch acquisition (Note 6)


Changes in the goodwill balances by reportable segment in the six months ended May 31, 2020 are as follows (in thousands):
 
November 30, 2019
 
Measurement Period Adjustments
 
Translation adjustments
 
May 31, 2020
OpenEdge
$
366,819

 
$
(838
)
 
$
(117
)
 
$
365,864

Data Connectivity and Integration
19,040

 

 

 
19,040

Application Development and Deployment
46,965

 

 

 
46,965

Total goodwill
$
432,824

 
$
(838
)
 
$
(117
)
 
$
431,869



During the quarter ending May 31, 2020, no triggering events 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.