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Goodwill and Intangible Assets (Tables)
12 Months Ended
Oct. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill during 2014 by operating segment follow:

 

     Adhesive
Dispensing
Systems
    Advanced
Technology
Systems
    Industrial
Coating
Systems
     Total  

Balance at October 31, 2013

   $ 407,269      $ 507,884      $ 24,058       $ 939,211   

Acquisitions

            124,391                124,391   

Currency effect

     (10,223     (842             (11,065
  

 

 

   

 

 

   

 

 

    

 

 

 

Balance at October 31, 2014

   $ 397,046      $ 631,433      $ 24,058       $ 1,052,537   
  

 

 

   

 

 

   

 

 

    

 

 

 
Summary of Intangible Assets Subject to Amortization

Information regarding intangible assets subject to amortization follows:

 

     October 31, 2014  
     Carrying
Amount
     Accumulated
Amortization
     Net Book Value  

Customer relationships

   $ 200,028       $ 41,910       $ 158,118   

Patent/technology costs

     93,799         27,030         66,769   

Trade name

     77,846         12,173         65,673   

Noncompete agreements

     8,220         7,600         620   

Other

     1,369         1,239         130   
  

 

 

    

 

 

    

 

 

 

Total

   $ 381,262       $ 89,952       $ 291,310   
  

 

 

    

 

 

    

 

 

 
     October 31, 2013  
     Carrying
Amount
     Accumulated
Amortization
     Net Book Value  

Customer relationships

   $ 171,489       $ 28,872       $ 142,617   

Patent/technology costs

     85,414         21,145         64,269   

Trade name

     67,865         7,856         60,009   

Noncompete agreements

     9,965         8,091         1,874   

Other

     1,400         1,096         304   
  

 

 

    

 

 

    

 

 

 

Total

   $ 336,133       $ 67,060       $ 269,073   
  

 

 

    

 

 

    

 

 

 
Estimated Amortization Expense

Estimated amortization expense for each of the five succeeding years follows:

 

Year

     Amounts  

2015

     $ 27,754   

2016

     $ 27,075   

2017

     $ 26,653   

2018

     $ 26,366   

2019

     $ 26,359