Goodwill and other intangible assets

9 Months Ended

Jul. 31, 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 nine months ended July 31, 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	(7,543)		—		—		(7,543)
Currency effect	5,972		1,341		1,802		9,115
Balance at July 31, 2024	$	1,207,425	$	1,175,199	$	403,149	$	2,785,773

See Acquisitions Note for additional details.

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

	July 31, 2024
	Carrying  Amount		Accumulated Amortization		Net Book  Value
Customer relationships	$	811,392	$	327,906	$	483,486
Patent/technology costs	207,113		128,990		78,123
Trade name	126,820		59,861		66,959
Non-compete agreements	8,486		8,290		196
Other	421		421		—
Total	$	1,154,232	$	525,468	$	628,764
	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 July 31, 2024 and 2023 was $19,202 and $13,922, respectively. Amortization expense for the nine months ended July 31, 2024 and 2023 was $57,412 and $41,839, respectively. See Acquisitions Note for details regarding intangibles recorded due to the acquisition of ARAG and CyberOptics.