Goodwill and Other Intangible Assets

9 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets

Changes in the carrying amount of goodwill for the nine months ended July 31, 2021 by operating segment were as follows:


	Industrial Precision Solutions		Advanced Technology Solutions		Total
Balance at October 31, 2020	$	415,862	$	1,297,492	$	1,713,354

Currency effect	2,096		3,115		5,211
Balance at July 31, 2021	$	417,958	$	1,300,607	$	1,718,565

Information regarding our intangible assets subject to amortization was as follows:


	July 31, 2021
	Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	485,876	$	220,029	$	265,847
Patent/technology costs	155,146		87,070		68,076
Trade name	74,568		38,732		35,836
Non-compete agreements	9,971		9,026		945
Other	1,393		1,391		2
Total	$	726,954	$	356,248	$	370,706

	October 31, 2020
	Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	483,568	$	193,617	$	289,951
Patent/technology costs	153,555		76,934		76,621
Trade name	74,240		34,693		39,547
Non-compete agreements	9,908		8,444		1,464
Other	1,403		1,400		3
Total	$	722,674	$	315,088	$	407,586

Amortization expense for the three months ended July 31, 2021 and 2020 was $12,681 and $16,577, respectively. Amortization expense for the nine months ended July 31, 2021 and 2020 was $38,378 and $47,410, respectively.