Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2022

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, 2022 were as follows:

	(in thousands)
Balance at October 31, 2021	$	3,575,785
Additions	15,720
Adjustments	1,285
Effect of foreign currency translation	(2)
Balance at January 31, 2022	$	3,592,788

During the three months ended January 31, 2022, we finalized certain estimates impacting total purchase consideration for certain acquisitions and recorded the resulting measurement period adjustments which increased goodwill.

Intangible Assets

Intangible assets as of January 31, 2022 consisted of the following:

	Gross Carrying Amount		Accumulated Amortization		Intangible Assets, Net
	(in thousands)
Core/developed technology	$	916,202	$	761,605	$	154,597
Customer relationships	404,571		316,544		88,027
Contract rights intangible	193,317		188,958		4,359
Trademarks and trade names	43,095		31,755		11,340
Capitalized software development costs	46,592		44,105		2,487
Total	$	1,603,777	$	1,342,967	$	260,810

Intangible assets as of October 31, 2021 consisted of the following:

	Gross Carrying Amount		Accumulated Amortization		Intangible Assets, Net
	(in thousands)
Core/developed technology	$	911,903	$	748,759	$	163,144
Customer relationships	404,571		308,355		96,216
Contract rights intangible	193,317		188,231		5,086
Trademarks and trade names	43,095		31,155		11,940
Capitalized software development costs	46,098		43,352		2,746
Total	$	1,598,984	$	1,319,852	$	279,132

Amortization expense related to intangible assets consisted of the following:

	Three Months Ended   January 31,
	2022		2021
	(in thousands)
Core/developed technology	$	12,848	$	11,016
Customer relationships	8,185		7,780
Contract rights intangible	727		870
Trademarks and trade names	600		610
Capitalized software development costs(1)	752		1,038
Total	$	23,112	$	21,314

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

The following table presented the estimated future amortization of intangible assets as of January 31, 2022:

Fiscal year	(in thousands)
Remainder of fiscal 2022	$	59,707
2023	64,851
2024	53,817
2025	37,653
2026	25,228
2027 and thereafter	19,554
Total	$	260,810