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Goodwill and Intangible Assets (Tables)
6 Months Ended
Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment

The table below represents goodwill by segment:

 

 

April 30,
2024

 

 

October 31,
2023

 

Specialty Vehicles

 

$

95.2

 

 

$

114.8

 

Recreational Vehicles

 

 

42.5

 

 

 

42.5

 

Total goodwill

 

$

137.7

 

 

$

157.3

 

The change in the net carrying value of goodwill consisted of the following:

 

 

Six Months Ended
April 30,

 

 

 

2024

 

 

2023

 

Balance at beginning of period

 

$

157.3

 

 

$

157.3

 

Divestitures (Note 7)

 

 

(19.6

)

 

 

 

Balance at end of period

 

$

137.7

 

 

$

157.3

 

 

Summary of Intangible Assets Excluding Goodwill

Intangible assets (excluding goodwill) consisted of the following:

 

 

April 30, 2024

 

 

 

Weighted-
Average Life

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Finite-lived Customer Relationships

 

 

8

 

 

$

42.9

 

 

$

(35.9

)

 

$

7.0

 

Indefinite-lived trade names

 

 

 

 

 

91.3

 

 

 

 

 

 

91.3

 

Total intangible assets, net

 

 

 

 

$

134.2

 

 

$

(35.9

)

 

$

98.3

 

 

 

 

October 31, 2023

 

 

 

Weighted-
Average Life

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Finite-lived Customer Relationships

 

 

8

 

 

$

43.7

 

 

$

(35.4

)

 

$

8.3

 

Indefinite-lived trade names

 

 

 

 

 

107.4

 

 

 

 

 

 

107.4

 

Total intangible assets, net

 

 

 

 

$

151.1

 

 

$

(35.4

)

 

$

115.7

 

Summary of Net Carrying Value of Indefinite-lived Trade Names

The change in the net carrying value of indefinite-lived trade names consisted of the following:

 

 

Six Months Ended
April 30,

 

 

 

2024

 

 

2023

 

Balance at beginning of period

 

$

107.4

 

 

$

107.4

 

Impairment (Note 8)

 

 

(7.2

)

 

 

 

Divestiture (Note 7)

 

 

(8.9

)

 

 

 

Balance at end of period

 

$

91.3

 

 

$

107.4