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Goodwill and Intangible Assets (Tables)
9 Months Ended
Jul. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment and Change in Net Carrying Value of Goodwill

The table below represents goodwill by segment:

 

 

 

July 31,

2020

 

 

October 31,

2019

 

Fire & Emergency

 

$

88.6

 

 

$

88.6

 

Commercial

 

 

26.2

 

 

 

28.7

 

Recreation

 

 

42.5

 

 

 

42.5

 

Total goodwill

 

$

157.3

 

 

$

159.8

 

 

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

 

 

 

Nine Months Ended

July 31,

 

 

 

2020

 

 

2019

 

Balance at beginning of period

 

$

159.8

 

 

$

161.8

 

Activity during the period:

 

 

 

 

 

 

 

 

Acquisitions

 

 

 

 

 

(2.0

)

Divestitures

 

 

(2.5

)

 

 

 

Balance at end of period

 

$

157.3

 

 

$

159.8

 

Summary of Intangible Assets Excluding Goodwill

Intangible assets (excluding goodwill) consisted of the following:

 

 

 

July 31, 2020

 

 

 

Weighted-

Average Life

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

8.0

 

 

$

69.8

 

 

$

(37.9

)

 

$

31.9

 

Non-compete agreements

 

 

5.0

 

 

 

2.0

 

 

 

(1.7

)

 

 

0.3

 

Trade names

 

 

7.0

 

 

 

1.3

 

 

 

(1.3

)

 

 

 

 

 

 

 

 

 

 

73.1

 

 

 

(40.9

)

 

 

32.2

 

Indefinite-lived trade names

 

 

 

 

 

 

110.1

 

 

 

 

 

 

110.1

 

Total intangible assets, net

 

 

 

 

 

$

183.2

 

 

$

(40.9

)

 

$

142.3

 

 

 

 

October 31, 2019

 

 

 

Weighted-

Average Life

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

8.0

 

 

$

126.7

 

 

$

(84.0

)

 

$

42.7

 

Order backlog

 

 

1.0

 

 

 

6.7

 

 

 

(6.7

)

 

 

 

Non-compete agreements

 

 

5.0

 

 

 

2.0

 

 

 

(1.3

)

 

 

0.7

 

Trade names

 

 

7.0

 

 

 

3.5

 

 

 

(3.0

)

 

 

0.5

 

Technology-related

 

 

7.0

 

 

 

0.9

 

 

 

(0.8

)

 

 

0.1

 

 

 

 

 

 

 

 

139.8

 

 

 

(95.8

)

 

 

44.0

 

Indefinite-lived trade names

 

 

 

 

 

 

115.9

 

 

 

 

 

 

115.9

 

Total intangible assets, net

 

 

 

 

 

$

255.7

 

 

$

(95.8

)

 

$

159.9