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Goodwill and Other Intangible Assets
9 Months Ended
Jul. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

5.

Goodwill and other intangible assets  

Changes in the carrying amount of goodwill for the nine months ended July 31, 2018 by operating segment are as follows:

 

 

 

Adhesive Dispensing

Systems

 

 

Advanced Technology

Systems

 

 

Industrial Coating

Systems

 

 

Total

 

Balance at October 31, 2017

 

$

392,295

 

 

$

1,172,857

 

 

$

24,058

 

 

$

1,589,210

 

Acquisitions

 

 

 

 

 

21,912

 

 

 

 

 

 

21,912

 

Currency effect

 

 

445

 

 

 

166

 

 

 

 

 

 

611

 

Balance at July 31, 2018

 

$

392,740

 

 

$

1,194,935

 

 

$

24,058

 

 

$

1,611,733

 

 

Accumulated impairment losses, which were recorded in 2009, were $232,789 at July 31, 2018 and October 31, 2017.  Of these losses, $229,173 related to the Advanced Technology Systems segment, and $3,616 related to the Industrial Coating Systems segment.

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

 

 

 

July 31, 2018

 

 

 

Carrying Amount

 

 

Accumulated

Amortization

 

 

Net Book Value

 

Customer relationships

 

$

482,351

 

 

$

129,563

 

 

$

352,788

 

Patent/technology costs

 

 

154,533

 

 

 

57,498

 

 

 

97,035

 

Trade name

 

 

96,588

 

 

 

33,259

 

 

 

63,329

 

Non-compete agreements

 

 

11,563

 

 

 

9,873

 

 

 

1,690

 

Other

 

 

1,388

 

 

 

1,387

 

 

 

1

 

Total

 

$

746,423

 

 

$

231,580

 

 

$

514,843

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 31, 2017

 

 

 

Carrying Amount

 

 

Accumulated

Amortization

 

 

Net Book Value

 

Customer relationships

 

$

480,536

 

 

$

102,033

 

 

$

378,503

 

Patent/technology costs

 

 

150,581

 

 

 

48,669

 

 

 

101,912

 

Trade name

 

 

93,281

 

 

 

28,366

 

 

 

64,915

 

Non-compete agreements

 

 

11,142

 

 

 

9,298

 

 

 

1,844

 

Other

 

 

1,384

 

 

 

1,378

 

 

 

6

 

Total

 

$

736,924

 

 

$

189,744

 

 

$

547,180

 

 

Amortization expense for the three months ended July 31, 2018 and 2017 was $14,036 and $13,689, respectively.   Amortization expense for the nine months ended July 31, 2018 and 2017 was $42,097 and $31,478, respectively.