Goodwill and purchased intangible assets (Notes)
 3 Months Ended
Jan. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
 Goodwill and Purchased Intangible Assets

Goodwill

Activity related to goodwill by reportable segment consisted of the following (in thousands):
 
Verifone Systems
 
Verifone Services
 
Total
Balance at October 31, 2016
$
497,126

 
$
613,367

 
$
1,110,493

Dispositions
—

 
(596
)
 
(596
)
Currency translation adjustments
247

 
1,600

 
1,847

Balance at January 31, 2017
$
497,373

 
$
614,371

 
$
1,111,744



Goodwill is not amortized. We review goodwill for impairment annually and whenever events or changes in circumstances indicate its carrying amount may not be recoverable. Based upon our review, there were no indicators of impairment during the three months ended January 31, 2017.

The purchase price allocation for the Panaroma acquisition has not been finalized with respect to the fair value of income and non-income based taxes and the associated residual goodwill.

Purchased Intangible Assets, Net

Purchased Intangible assets, net consisted of the following (in thousands):
 
January 31, 2017
 
October 31, 2016
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships
$
521,788

 
$
(267,701
)
 
$
254,087

 
$
521,964

 
$
(249,513
)
 
$
272,451

Other
50,931

 
(22,055
)
 
28,876

 
73,175

 
(39,328
)
 
33,847

Total
$
572,719

 
$
(289,756
)
 
$
282,963

 
$
595,139

 
$
(288,841
)
 
$
306,298



Other intangible assets, net, were comprised primarily of developed and core technology.

When purchased intangible assets reach the end of their useful lives, gross carrying amount and accumulated amortization are offset. During the three months ended January 31, 2017, we offset $20.8 million of Gross carrying amount and Accumulated amortization of intangible assets related to developed technology because they reached the end of their useful lives.

Amortization of purchased intangible assets was allocated as follows (in thousands):
 
Three Months Ended January 31,
 
2017
 
2016
Included in Cost of net revenues
$
2,445

 
$
3,989

Included in Operating expenses
18,763

 
19,626

Total amortization of purchased intangible assets
$
21,208

 
$
23,615



Total future amortization expense for purchased intangible assets that have finite lives, based on our existing intangible assets and their current estimated useful lives as of January 31, 2017, is estimated as follows (in thousands):

 
Cost of
Net Revenues
 
Operating
Expenses
 
Total
Fiscal Years Ending October 31:
 
 
 
 
 
Remaining of fiscal year 2017
$
4,809

 
$
49,195

 
$
54,004

2018
5,216

 
55,448

 
60,664

2019
4,836

 
50,017

 
54,853

2020
3,173

 
42,305

 
45,478

2021
2,435

 
30,660

 
33,095

Thereafter
943

 
33,926

 
34,869

Total future amortization expense
$
21,412

 
$
261,551

 
$
282,963