v3.24.4
Intangible Assets and Goodwill
 12 Months Ended
Nov. 30, 2024
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, 2024November 30, 2023
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net Book
Value		Gross
Carrying
Amount		Accumulated
Amortization		Net Book
Value
Purchased technology$399,000 $(210,264)$188,736 $280,000 $(181,045)$98,955 
Customer-related777,608 (282,384)495,224 458,608 (221,362)237,246 
Trademarks and trade names77,111 (37,500)39,611 50,111 (32,034)18,077 
Total$1,253,719 $(530,148)$723,571 $788,719 $(434,441)$354,278 

We amortize intangible assets assuming no expected residual value. Amortization expense related to these intangible assets was $94.5 million, $96.6 million, and $68.9 million in fiscal years 2024, 2023, and 2022, respectively.

Future amortization expense for intangible assets as of November 30, 2024 is as follows:
 
(in thousands)
2025$145,188 
2026135,088 
2027111,169 
202899,586 
202999,586 
Thereafter132,954 
Total$723,571 
Goodwill

Changes in the carrying amount of goodwill for fiscal years 2024 and 2023 are as follows:

(in thousands)November 30, 2024November 30, 2023
Balance, beginning of year$832,101 $671,037 
Additions(1)
459,459 161,070 
Measurement period adjustments(2)
700 — 
Translation adjustments(83)(6)
Balance, end of year$1,292,177 $832,101 
(1) The additions to goodwill during fiscal years 2024 and 2023 are related to the acquisition of ShareFile and MarkLogic, respectively. Refer to Note 7: Business Combinations for further information.
(2) Represents final measurement period adjustments related to MarkLogic during fiscal year 2024. Refer to Note 7: Business Combinations for further information.

During fiscal year 2024, we performed a quantitative assessment as of October 31, 2024 and concluded that there was no impairment. We did not recognize any goodwill impairment charges during the years presented.