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Goodwill and Intangible Assets (Tables)
12 Months Ended
Oct. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill during 2015 by operating segment follow:

 

 

 

Adhesive

Dispensing

Systems

 

 

Advanced

Technology

Systems

 

 

Industrial

Coating

Systems

 

 

Total

 

Balance at October 31, 2014

 

$

397,046

 

 

$

631,433

 

 

$

24,058

 

 

$

1,052,537

 

Acquisitions

 

 

3,463

 

 

 

42,926

 

 

 

 

 

 

46,389

 

Currency effect

 

 

(14,534

)

 

 

(2,017

)

 

 

 

 

 

(16,551

)

Balance at October 31, 2015

 

$

385,975

 

 

$

672,342

 

 

$

24,058

 

 

$

1,082,375

 

 

Summary of Intangible Assets Subject to Amortization

Information regarding intangible assets subject to amortization follows:

 

 

 

October 31, 2015

 

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

Customer relationships

 

$

201,282

 

 

$

56,315

 

 

$

144,967

 

Patent/technology costs

 

 

98,063

 

 

 

32,764

 

 

 

65,299

 

Trade name

 

 

83,022

 

 

 

17,003

 

 

 

66,019

 

Noncompete agreements

 

 

8,952

 

 

 

7,819

 

 

 

1,133

 

Other

 

 

1,365

 

 

 

1,357

 

 

 

8

 

Total

 

$

392,684

 

 

$

115,258

 

 

$

277,426

 

 

 

 

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

 

 

Estimated Amortization Expense

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

 

Year

 

Amounts

 

2016

 

$

29,574

 

2017

 

$

29,148

 

2018

 

$

28,752

 

2019

 

$

28,504

 

2020

 

$

27,980