XML 35 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Jul. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] The Company's assets and liabilities that were measured at fair value on a recurring basis are set forth by level within the fair value hierarchy in the following tables (in thousands):
 
 
As of July 31, 2018
 
 
Quoted Prices
in Active Markets for Identical Assets
(Level 1)
 
Significant
Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Total
Assets:
 
 
 
 
 
 
 
 
Deferred compensation plans:
 
 
 
 
 
 
 
 
Corporate-owned life insurance
 

$—

 

$131,170

 

$—

 

$131,170

Money market funds
 
2,092

 

 

 
2,092

Equity securities
 
3,406

 

 

 
3,406

Mutual funds
 
1,616

 

 

 
1,616

Other
 
1,363

 

 

 
1,363

Total assets
 

$8,477

 

$131,170

 

$—

 

$139,647

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Contingent consideration
 

$—

 

$—

 

$18,565

 

$18,565

 
 
As of October 31, 2017
 
 
Quoted Prices
in Active Markets for Identical Assets (Level 1)
 
Significant
Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Total
Assets:
 
 
 
 
 
 
 
 
Deferred compensation plans:
 
 
 
 
 
 
 
 
Corporate-owned life insurance
 

$—

 

$113,220

 

$—

 

$113,220

Money market funds
 
3,972

 

 

 
3,972

Equity securities
 
2,895

 

 

 
2,895

Mutual funds
 
1,541

 

 

 
1,541

Other
 
1,246

 

 

 
1,246

Total assets
 

$9,654

 

$113,220

 

$—

 

$122,874

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Contingent consideration
 

$—

 

$—

 

$27,573

 

$27,573

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] The Level 3 inputs used to derive the estimated fair value of the Company's contingent consideration liability as of July 31, 2018 were as follows:
 
Fiscal 2017 Acquisition
 
Fiscal 2016 Acquisition
 
Fiscal 2015 Acquisition
Compound annual revenue growth rate range
(4
%)
-
7%
 
4
%
-
12%
 
8
%
-
11%
Weighted average discount rate
6.1%
 
5.0%
 
.9%
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] Changes in the Company’s contingent consideration liability measured at fair value on a recurring basis using unobservable inputs (Level 3) for the nine months ended July 31, 2018 are as follows (in thousands):
 
 
 
Balance as of October 31, 2017
 

$27,573

Payment of contingent consideration
 
(5,425
)
Decrease in accrued contingent consideration, net
 
(3,789
)
Foreign currency transaction adjustments
 
206

Balance as of July 31, 2018
 

$18,565

 
 
 
Included in the accompanying Condensed Consolidated Balance Sheet
under the following captions:
 
 
Accrued expenses and other current liabilities
 

$3,886

Other long-term liabilities
 
14,679

 
 

$18,565