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Goodwill and Intangible Assets | 9 Months Ended
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Jul. 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 nine months ended July 31, 2022 were as follows:
| (in thousands)
Balance at October 31, 2021 | $ | 3,575,785 |
Additions | 308,532 |
Adjustments | 1,285 |
Effect of foreign currency translation | (30,713) |
Balance at July 31, 2022 | $ | 3,854,889 |
During the nine months ended July 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 July 31, 2022 consisted of the following:
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
| (in thousands)
Core/developed technology | $ | 1,078,103 |  |  | $ | 793,937 |  |  | $ | 284,166 |
Customer relationships | 423,739 |  |  | 328,459 |  |  | 95,280 |
Contract rights intangible | 191,430 |  |  | 188,524 |  |  | 2,906 |
Trademarks and trade names | 52,795 |  |  | 33,157 |  |  | 19,638 |
Capitalized software development costs | 48,068 |  |  | 45,406 |  |  | 2,662 |
Total | $ | 1,794,135 |  |  | $ | 1,389,483 |  |  | $ | 404,652 |
Intangible assets as of October 31, 2021 consisted of the following:
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
| (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 July 31, |  | Nine Months Ended July 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in thousands)
Core/developed technology | $ | 18,603 |  |  | $ | 11,431 |  |  | $ | 45,180 |  |  | $ | 33,416 |
Customer relationships | 6,322 |  |  | 7,960 |  |  | 20,819 |  |  | 23,443 |
Contract rights intangible | 727 |  |  | 439 |  |  | 2,180 |  |  | 1,748 |
Trademarks and trade names | 802 |  |  | 610 |  |  | 2,002 |  |  | 1,830 |
Capitalized software development costs(1) | 619 |  |  | 1,010 |  |  | 2,052 |  |  | 3,120 |
Total | $ | 27,073 |  |  | $ | 21,450 |  |  | $ | 72,233 |  |  | $ | 63,557 |
(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 July 31, 2022:
Fiscal year | (in thousands)
Remainder of fiscal 2022 | $ | 26,960 |
2023 | 98,039 |
2024 | 86,748 |
2025 | 70,102 |
2026 | 57,677 |
2027 and thereafter | 65,126 |
Total | $ | 404,652 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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