Goodwill and Intangible Assets

12 Months Ended

Oct. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Note 7. Goodwill and Intangible Assets

The table below represents goodwill by segment:

	October 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:

	October 31, 2020			October 31, 2019
Balance at beginning of period	$	159.8		$	161.8
Activity during the year:
Acquisitions		—			(2.0	)
Divestitures		(2.5	)		—
Balance at end of period	$	157.3		$	159.8

Intangible assets (excluding goodwill) consisted of the following:

	October 31, 2020
	Weighted- Average Life		Gross		Accumulated Amortization			Net
Finite-lived intangible assets:
Customer relationships		8.0	$	66.2	$	(37.8	)	$	28.4
Non-compete agreements		5.0		2.0		(1.7	)		0.3
Trade names		7.0		1.3		(1.3	)		-
				69.5		(40.8	)		28.7
Indefinite-lived trade names				107.4		—			107.4
Total intangible assets, net			$	176.9	$	(40.8	)	$	136.1

	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

Amortization expense was $13.3 million, $17.4 million and $18.1 million for fiscal years 2020, 2019 and 2018, respectively. The estimated future amortization expense of intangible assets for the subsequent five fiscal years is as follows: 2021—$9.8 million, 2022—$7.1 million, 2023—$3.5 million, 2024—$2.3 million and 2025—$1.7 million.