v3.26.1
Intangible Assets and Goodwill
 6 Months Ended
May 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets

Intangible assets are comprised of the following significant classes:
 
May 31, 2026November 30, 2025
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Book ValueGross Carrying AmountAccumulated AmortizationNet Book Value
Purchased technology$403,375 $(269,180)$134,195 $403,375 $(251,491)$151,884 
Customer-related777,930 (425,588)352,342 777,930 (377,368)400,562 
Trademarks and trade names77,111 (49,069)28,042 77,111 (45,529)31,582 
Total$1,258,416 $(743,837)$514,579 $1,258,416 $(674,388)$584,028 
In the three and six months ended May 31, 2026, amortization expense related to intangible assets was $35.1 million and $69.5 million, respectively. In the three and six months ended May 31, 2025, amortization expense related to intangible assets was $36.6 million and $72.8 million, respectively.
Future amortization expense for intangible assets as of May 31, 2026, is as follows:
 
(in thousands)
Remainder of 2026$67,817 
2027112,166 
2028100,582 
2029100,582 
203072,580 
Thereafter60,852 
Total$514,579 
Goodwill

Changes in the carrying amount of goodwill in the six months ended May 31, 2026 are as follows:

(in thousands)
Balance, December 1, 2025$1,309,054 
Measurement period adjustments(1) and other
696 
Balance, May 31, 2026
$1,309,750 
(1) Represents measurement period adjustments related to Nuclia during fiscal year 2026. Refer to Note 4, Business Combinations for further information.