v3.25.4
Intangible Assets and Goodwill
 12 Months Ended
Nov. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets

Intangible assets are comprised of the following significant classes:
 
November 30, 2025November 30, 2024
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net Book
Value		Gross
Carrying
Amount		Accumulated
Amortization		Net Book
Value
Purchased technology$403,375 $(251,491)$151,884 $399,000 $(210,264)$188,736 
Customer-related777,930 (377,368)400,562 777,608 (282,384)495,224 
Trademarks and trade names77,111 (45,529)31,582 77,111 (37,500)39,611 
Total$1,258,416 $(674,388)$584,028 $1,253,719 $(530,148)$723,571 

We amortize intangible assets assuming no expected residual value. Amortization expense related to these intangible assets was $145.5 million, $94.5 million, and $96.6 million in fiscal years 2025, 2024, and 2023, respectively.

Future amortization expense for intangible assets as of November 30, 2025 is as follows:
 
(in thousands)
2026$137,265 
2027112,166 
2028100,582 
2029100,582 
203072,580 
Thereafter60,853 
Total$584,028 
Goodwill

Changes in the carrying amount of goodwill for fiscal years 2025 and 2024 are as follows:

(in thousands)November 30, 2025November 30, 2024
Balance, beginning of year$1,292,177 $832,101 
Additions from business combinations(1)
15,397 459,459 
Measurement period adjustments(2) and other
1,480 700 
Translation adjustments— (83)
Balance, end of year$1,309,054 $1,292,177 
(1) The additions to goodwill during fiscal years 2025 and 2024 are related to the acquisitions of Nuclia and ShareFile, respectively. Refer to Note 5, Business Combinations for further information.
(2) Represents measurement period adjustments related to ShareFile during fiscal year 2025 and MarkLogic during fiscal year 2024. Refer to Note 5, Business Combinations for further information.

We performed a quantitative assessment as of October 31, 2025 and concluded that there was no impairment of goodwill during fiscal year 2025. We did not recognize goodwill impairment charges during any of the years presented.