Goodwill and Other Intangible Assets

3 Months Ended

Jan. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets

Changes in the carrying amount of goodwill for the three months ended January 31, 2022 by operating segment were as follows:


	Industrial Precision Solutions		Advanced Technology Solutions		Total
Balance at October 31, 2021	$	415,020	$	1,298,128	$	1,713,148
Acquisitions	129,856		—		129,856
Currency effect	(3,700)		(2,819)		(6,519)
Balance at January 31, 2022	$	541,176	$	1,295,309	$	1,836,485

The increase in goodwill for the three months ended January 31, 2022 was due to the acquisition of NDC. See Acquisitions Note for additional details.

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


	January 31, 2022
	Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	491,028	$	233,565	$	257,463
Patent/technology costs	163,245		91,572		71,673
Trade name	84,744		41,166		43,578
Non-compete agreements	10,641		9,215		1,426
Other	1,401		1,392		9
Total	$	751,059	$	376,910	$	374,149

	October 31, 2021
	Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	483,815	$	226,658	$	257,157
Patent/technology costs	154,267		89,299		64,968
Trade name	74,301		39,858		34,443
Non-compete agreements	9,896		9,099		797
Other	1,385		1,383		2
Total	$	723,664	$	366,297	$	357,367

Amortization expense for the three months ended January 31, 2022 and 2021 was $13,085 and $13,080, respectively. See Acquisitions Note for details regarding intangibles recorded due to the acquisition of NDC.