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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill during the nine months ended July 31, 2023 were as follows:
| (in thousands)
Balance at October 31, 2022 | $ | 3,842,234 |
Additions | 28,503 |
Adjustments | 3,097 |
Effect of foreign currency translation | 14,026 |
Balance at July 31, 2023 | $ | 3,887,860 |
Summary of Intangible Assets | Intangible assets as of July 31, 2023 consisted of the following:
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
| (in thousands)
Core/developed technology | $ | 1,101,118 |  |  | $ | 866,708 |  |  | $ | 234,410 |
Customer relationships | 431,469 |  |  | 351,474 |  |  | 79,995 |
Contract rights intangible | 193,120 |  |  | 190,036 |  |  | 3,084 |
Trademarks and trade names | 52,825 |  |  | 36,736 |  |  | 16,089 |
Capitalized software development costs | 50,795 |  |  | 47,650 |  |  | 3,145 |
Total | $ | 1,829,327 |  |  | $ | 1,492,604 |  |  | $ | 336,723 |
Intangible assets as of October 31, 2022 consisted of the following:
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
| (in thousands)
Core/developed technology | $ | 1,083,703 |  |  | $ | 813,226 |  |  | $ | 270,477 |
Customer relationships | 426,242 |  |  | 333,984 |  |  | 92,258 |
Contract rights intangible | 190,666 |  |  | 188,262 |  |  | 2,404 |
Trademarks and trade names | 52,795 |  |  | 34,054 |  |  | 18,741 |
Capitalized software development costs | 48,591 |  |  | 46,025 |  |  | 2,566 |
Total | $ | 1,801,997 |  |  | $ | 1,415,551 |  |  | $ | 386,446 |
Amortization Expense Related to Intangible Assets | Amortization expense related to intangible assets consisted of the following:
| Three Months Ended July 31, |  | Nine Months Ended July 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in thousands)
Core/developed technology | $ | 17,816 |  |  | $ | 18,603 |  |  | $ | 53,566 |  |  | $ | 45,180 |
Customer relationships | 5,801 |  |  | 6,322 |  |  | 17,314 |  |  | 20,819 |
Contract rights intangible | 558 |  |  | 727 |  |  | 1,320 |  |  | 2,180 |
Trademarks and trade names | 896 |  |  | 802 |  |  | 2,682 |  |  | 2,002 |
Capitalized software development costs(1) | 557 |  |  | 619 |  |  | 1,626 |  |  | 2,052 |
Total | $ | 25,628 |  |  | $ | 27,073 |  |  | $ | 76,508 |  |  | $ | 72,233 |
(1) Amortization of capitalized software development costs is included in cost of products revenue in the condensed consolidated statements of income.
Estimated Future Amortization of Intangible Assets | The following table presented the estimated future amortization of intangible assets as of July 31, 2023:
Fiscal year | (in thousands)
Remainder of fiscal 2023 | $ | 25,684 |
2024 | 93,465 |
2025 | 75,385 |
2026 | 61,840 |
2027 | 41,638 |
2028 and thereafter | 38,711 |
Total | $ | 336,723 |

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