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Goodwill and Intangible Assets
3 Months Ended
Jan. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 6. Goodwill and Intangible Assets

The table below represents goodwill by segment:

 

 

 

January 31,
2023

 

 

October 31,
2022

 

Fire & Emergency

 

$

88.6

 

 

$

88.6

 

Commercial

 

 

26.2

 

 

 

26.2

 

Recreation

 

 

42.5

 

 

 

42.5

 

Total goodwill

 

$

157.3

 

 

$

157.3

 

 

There was no change in the net carrying value of goodwill for the three months ended January 31, 2023 and January 31, 2022.

 

Intangible assets (excluding goodwill) consisted of the following:

 

 

 

January 31, 2023

 

 

 

Weighted-
Average Life

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Finite-lived Customer Relationships

 

 

8

 

 

$

43.7

 

 

$

(33.3

)

 

$

10.4

 

Indefinite-lived trade names

 

 

 

 

 

107.4

 

 

 

 

 

 

107.4

 

Total intangible assets, net

 

 

 

 

$

151.1

 

 

$

(33.3

)

 

$

117.8

 

 

 

 

October 31, 2022

 

 

 

Weighted-
Average Life

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Finite-lived Customer Relationships

 

 

8

 

 

$

43.7

 

 

$

(31.9

)

 

$

11.8

 

Indefinite-lived trade names

 

 

 

 

 

107.4

 

 

 

 

 

 

107.4

 

Total intangible assets, net

 

 

 

 

$

151.1

 

 

$

(31.9

)

 

$

119.2

 

Amortization expense was $1.4 million and $2.4 million for the three months ended January 31, 2023, and January 31, 2022, respectively.