Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The change in the carrying amount of goodwill for the three months ended January 31, 2022 was as follows (in thousands):


	Three Months Ended
	January 31, 2022
Beginning balance as of November 1, 2021	$	149,205


Foreign currency translation adjustment	(1,412)
Balance as of the end of the period	$	147,793

At our last annual test date, August 31, 2021, we evaluated the recoverability of goodwill at each of our five reporting units with goodwill balances and determined that our goodwill was not impaired. We evaluated for indicators of impairment during the three months ended January 31, 2022 and determined that there were no triggering events. For a summary of the change in the carrying amount of goodwill by segment, see Note 11, “Segment Information.”

Identifiable Intangible Assets

Amortizable intangible assets consisted of the following as of January 31, 2022 and October 31, 2021 (in thousands):


	January 31, 2022				October 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	145,485	$	83,345	$	146,207	$	81,086
Trademarks and trade names	56,213		39,998		56,437		39,589
Patents and other technology	22,504		22,109		22,525		22,084

Total	$	224,202	$	145,452	$	225,169	$	142,759

We had aggregate amortization expense related to intangible assets for the three months ended January 31, 2022 of $3.0 million and $3.4 million for the comparable prior year period.

Estimated remaining amortization expense, based on current intangible balances, for each of the fiscal years ending October 31, is as follows (in thousands):


	Estimated Amortization Expense
2022 (remaining nine months)	$	9,049
2023	11,324
2024	10,573
2025	9,347
2026	9,277
Thereafter	29,180
Total	$	78,750