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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill during the six months ended April 30, 2024 are as follows:
| (in thousands)
Balance at October 31, 2023 | $ | 3,346,065 |
Additions | 82,729 |
Adjustments | 168 |
Effect of foreign currency translation | (1,538) |
Balance at April 30, 2024 | $ | 3,427,424 |
Schedule of Intangible Assets | Intangible assets as of April 30, 2024 consist of the following:
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
| (in thousands)
Core/developed technology | $ | 899,242 |  |  | $ | 697,638 |  |  | $ | 201,604 |
Customer relationships | 311,390 |  |  | 238,812 |  |  | 72,578 |
Contract rights intangible | 176,214 |  |  | 173,535 |  |  | 2,679 |
Trademarks and trade names | 12,925 |  |  | 12,909 |  |  | 16 |
Total | $ | 1,399,771 |  |  | $ | 1,122,894 |  |  | $ | 276,877 |
Intangible assets as of October 31, 2023 consist of the following:
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
| (in thousands)
Core/developed technology | $ | 842,448 |  |  | $ | 672,480 |  |  | $ | 169,968 |
Customer relationships | 296,883 |  |  | 231,557 |  |  | 65,326 |
Contract rights intangible | 175,747 |  |  | 171,487 |  |  | 4,260 |
Trademarks and trade names | 12,925 |  |  | 12,902 |  |  | 23 |
Capitalized software development costs | 50,795 |  |  | 50,795 |  |  | — |
Total | $ | 1,378,798 |  |  | $ | 1,139,221 |  |  | $ | 239,577 |
Schedule of Amortization Expense Related to Intangible Assets | Amortization expense related to intangible assets consists of the following:
| Three Months Ended April 30, |  | Six Months Ended April 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands)
Core/developed technology | $ | 12,963 |  |  | $ | 10,102 |  |  | $ | 24,926 |  |  | $ | 20,991 |
Customer relationships | 3,884 |  |  | 1,899 |  |  | 7,409 |  |  | 3,934 |
Contract rights intangible | 1,210 |  |  | 391 |  |  | 2,402 |  |  | 699 |
Trademarks and trade names | 4 |  |  | — |  |  | 8 |  |  | — |
Capitalized software development costs(1) | — |  |  | 510 |  |  | — |  |  | 1,069 |
Total | $ | 18,061 |  |  | $ | 12,902 |  |  | $ | 34,745 |  |  | $ | 26,693 |
(1) Amortization of capitalized software development costs is included in cost of products revenue in the condensed consolidated statements of income.
Schedule of Estimated Future Amortization of Acquired Intangible Assets | The following table presents the estimated future amortization of acquired intangible assets as of April 30, 2024:
Fiscal year | (in thousands)
Remainder of fiscal 2024 | $ | 35,619 |
2025 | 61,385 |
2026 | 51,060 |
2027 | 46,113 |
2028 | 31,381 |
2029 and thereafter | 51,319 |
Total | $ | 276,877 |

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