Goodwill and other intangible assets

6 Months Ended

Apr. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets

Goodwill and other intangible assets  

Changes in the carrying amount of goodwill for the six months ended April 30, 2024 by operating segment were as follows:

	Industrial Precision Solutions		Medical Fluid Systems		Advanced Technology Solutions		Total
Balance at October 31, 2023	$	1,208,996	$	1,173,858	$	401,347	$	2,784,201
Acquisitions	(6,360)		—		—		(6,360)
Currency effect	3,577		751		740		5,068
Balance at April 30, 2024	$	1,206,213	$	1,174,609	$	402,087	$	2,782,909

See Acquisitions Note for additional details.

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

	April 30, 2024
	Carrying  Amount		Accumulated Amortization		Net Book  Value
Customer relationships	$	805,621	$	314,848	$	490,773
Patent/technology costs	205,805		123,333		82,472
Trade name	126,137		57,307		68,830
Non-compete agreements	8,437		8,137		300
Other	524		524		—
Total	$	1,146,524	$	504,149	$	642,375
	October 31, 2023
	Carrying  Amount		Accumulated Amortization		Net Book  Value
Customer relationships	$	794,706	$	287,585	$	507,121
Patent/technology costs	204,905		112,994		91,911
Trade name	125,692		52,488		73,204
Non-compete agreements	10,028		9,521		507
Other	182		181		1
Total	$	1,135,513	$	462,769	$	672,744

Amortization expense for the three months ended April 30, 2024 and 2023 was $18,823 and $14,045, respectively. Amortization expense for the six months ended April 30, 2024 and 2023 was $32,210 and $27,917, respectively. See Acquisitions Note for details regarding intangibles recorded due to the acquisition of ARAG and CyberOptics.