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Goodwill and Intangible Assets (Tables)
12 Months Ended
Oct. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill during 2018 by operating segment:

 

 

 

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

 

 

 

 

 

24,679

 

 

 

 

 

 

24,679

 

Currency effect

 

 

(3,304

)

 

 

(2,567

)

 

 

 

 

 

(5,871

)

Balance at October 31, 2018

 

$

388,991

 

 

$

1,194,969

 

 

$

24,058

 

 

$

1,608,018

 

Changes in the carrying amount of goodwill during 2017 by operating segment:

 

 

 

Adhesive

Dispensing

Systems

 

 

Advanced

Technology

Systems

 

 

Industrial

Coating

Systems

 

 

Total

 

Balance at October 31, 2016

 

$

385,733

 

 

$

697,346

 

 

$

24,058

 

 

$

1,107,137

 

Acquisition

 

 

 

 

 

470,248

 

 

 

 

 

 

470,248

 

Currency effect

 

 

6,562

 

 

 

5,263

 

 

 

 

 

 

11,825

 

Balance at October 31, 2017

 

$

392,295

 

 

$

1,172,857

 

 

$

24,058

 

 

$

1,589,210

 

Summary of Intangible Assets Subject to Amortization

Information regarding intangible assets subject to amortization:

 

 

 

October 31, 2018

 

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

Customer relationships

 

$

480,404

 

 

$

137,640

 

 

$

342,764

 

Patent/technology costs

 

 

153,602

 

 

 

59,845

 

 

 

93,757

 

Trade name

 

 

96,433

 

 

 

34,768

 

 

 

61,665

 

Noncompete agreements

 

 

11,469

 

 

 

9,919

 

 

 

1,550

 

Other

 

 

1,386

 

 

 

1,381

 

 

 

5

 

Total

 

$

743,294

 

 

$

243,553

 

 

$

499,741

 

 

 

 

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

 

Noncompete agreements

 

 

11,142

 

 

 

9,298

 

 

 

1,844

 

Other

 

 

1,384

 

 

 

1,378

 

 

 

6

 

Total

 

$

736,924

 

 

$

189,744

 

 

$

547,180

 

 

Estimated Amortization Expense

Estimated amortization expense for each of the five succeeding years:

 

Year

 

Amounts

 

2019

 

$

48,523

 

2020

 

$

48,055

 

2021

 

$

42,703

 

2022

 

$

38,730

 

2023

 

$

37,885