Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2020

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 three months ended January 31, 2020 were as follows:

	Total
Balance at October 31, 2019	$	3,171,179
Additions	56,197
Effect of foreign currency translation	4,216
Balance at January 31, 2020	$	3,231,592

Intangible Assets

In-process research and development (IPR&D) as of January 31, 2020 consisted of acquired projects that, if completed, will be reclassified to core/developed technology upon completion, or if abandoned, will be written off. Intangible assets as of January 31, 2020 consisted of the following:

	Gross Assets		Accumulated Amortization		Net Assets
	(in thousands)
Core/developed technology	$	814,173	$	667,437	$	146,736
Customer relationships	359,360		250,630		108,730
Contract rights intangible	186,228		181,998		4,230
Trademarks and trade names	42,929		26,358		16,571
In-process research and development (IPR&D)	1,200		—		1,200
Capitalized software development costs	41,142		36,464		4,678
Total	$	1,445,032	$	1,162,887	$	282,145

Intangible assets as of October 31, 2019 consisted of the following:

	Gross Assets		Accumulated Amortization		Net Assets
	(in thousands)
Core/developed technology	$	791,647	$	655,119	$	136,528
Customer relationships	358,661		242,058		116,603
Contract rights intangible	184,304		181,124		3,180
Trademarks and trade names	42,929		25,581		17,348
In-process research and development (IPR&D)	1,200		—		1,200
Capitalized software development costs	40,077		35,562		4,515
Total	$	1,418,818	$	1,139,444	$	279,374

Amortization expense related to intangible assets consisted of the following:

	Three Months Ended   January 31,
	2020		2019
	(in thousands)
Core/developed technology	$	12,318	$	16,359
Customer relationships	8,562		9,580
Contract rights intangible	875		1,116
Trademarks and trade names	778		1,172
Capitalized software development costs(1)	901		772
Total	$	23,434	$	28,999

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

The following table presents the estimated future amortization of intangible assets as of January 31, 2020:

Fiscal year	(in thousands)
Remainder of fiscal 2020	$	65,979
2021	66,960
2022	53,030
2023	37,793
2024	27,821
2025 and thereafter	29,362
IPR&D	1,200
Total	$	282,145