Intangible Assets and Goodwill

9 Months Ended

Aug. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets are comprised of the following significant classes (in thousands):


	August 31, 2023						November 30, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Purchased technology	$	280,000	$	(173,129)	$	106,871	$	212,700	$	(150,877)	$	61,823
Customer-related	457,608		(205,298)		252,310		306,308		(162,341)		143,967
Trademarks and trade names	50,111		(30,468)		19,643		37,611		(26,046)		11,565
Non-compete agreement	—		—		—		2,000		(2,000)		—
Total	$	787,719	$	(408,895)	$	378,824	$	558,619	$	(341,264)	$	217,355

In the three and nine months ended August 31, 2023, amortization expense related to intangible assets was $25.7 million and $71.1 million, respectively. In the three and nine months ended August 31, 2022, amortization expense related to intangible assets was $17.3 million and $51.9 million, respectively.

Future amortization expense for intangible assets as of August 31, 2023, is as follows (in thousands):


Remainder of 2023	$	25,391
2024	88,934
2025	78,424
2026	69,368
2027	44,598
Thereafter	72,109
Total	$	378,824

Goodwill

Changes in the carrying amount of goodwill in the nine months ended August 31, 2023 are as follows (in thousands):


Balance, December 1, 2022	$	671,037
Additions(1)	155,014
Translation adjustments	(3)
Balance, August 31, 2023	$	826,048

(1) The additions to goodwill during fiscal year 2023 are related to the acquisition of MarkLogic in February 2023. See Note 6: Business Combinations for additional information.