XML 96 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Acquisitions
3 Months Ended
Jan. 31, 2020
Acquisitions [Abstract]  
Acquisitions

8. Acquisitions

 

Atlanta Capital Management Company, LLC (Atlanta Capital)

 

Atlanta Capital Plan

In fiscal 2019 and 2018, the Company exercised a series of call options through which it purchased $7.8 million and $8.2 million, respectively, of indirect profit interests held by non-controlling interest holders of Atlanta Capital pursuant to the provisions of the Atlanta Capital Management Company, LLC Long-Term Equity Incentive Plan (the Atlanta Capital Plan). These transactions settled in cash in each of the first quarters of fiscal 2020 and 2019, respectively.

 

Total indirect profit interests in Atlanta Capital held by non-controlling interest holders issued pursuant to the Atlanta Capital Plan were 8.2 percent at January 31, 2020 and October 31, 2019. The estimated fair value of these interests was $25.5 million and $25.2 million at January 31, 2020 and October 31, 2019, respectively, and is included as a component of temporary equity on the Consolidated Balance Sheets.

 

Parametric Portfolio Associates LLC (Parametric)

 

Parametric Plan

In fiscal 2019 and 2018, the Company exercised a series of call options through which it purchased $0.6 million and $5.9 million, respectively, of profit interests held by non-controlling interest holders of Parametric pursuant to the provisions of the Parametric Portfolio Associates LLC Long-Term Equity Plan (the Parametric Plan). These transactions settled in cash in each of the first quarters of fiscal 2020 and 2019, respectively.

 

As of January 31, 2020 and October 31, 2019, there were no profit or capital interests in Parametric held by non-controlling interest holders.