Goodwill and Other Intangible Assets, Net

6 Months Ended

Apr. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

5 Goodwill and Other Intangible Assets, Net

Goodwill

The changes in the carrying amount of goodwill by reportable segment for the first six months of fiscal 2021 were as follows:

(Dollars in thousands)	Professional		Residential		Other		Total
Balance as of October 31, 2020	$	412,061	$	10,480	$	1,534	$	424,075
Purchase price allocation adjustment	(1,027)		—		—		(1,027)
Goodwill divested	—		—		(1,534)		(1,534)
Translation adjustments	568		168		—		736
Balance as of April 30, 2021	$	411,602	$	10,648	$	—	$	422,250

Other Intangible Assets, Net

The components of other intangible assets, net as of April 30, 2021, May 1, 2020, and October 31, 2020 were as follows (in thousands):

April 30, 2021	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,276	$	(14,304)	$	3,972
Non-compete agreements	5.5	6,908		(6,856)		52
Customer-related	18.2	239,838		(55,407)		184,431
Developed technology	7.0	87,551		(38,535)		49,016
Trade names	15.3	7,563		(2,792)		4,771
Backlog and other	0.6	4,390		(4,390)		—
Total finite-lived	14.6	364,526		(122,284)		242,242
Indefinite-lived - trade names		190,687		—		190,687
Total other intangible assets, net		$	555,213	$	(122,284)	$	432,929

May 1, 2020	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,227	$	(13,494)	$	4,733
Non-compete agreements	5.5	6,865		(6,794)		71
Customer-related	18.2	239,383		(40,555)		198,828
Developed technology	7.6	51,854		(33,199)		18,655
Trade names	15.4	7,476		(2,304)		5,172
Backlog and other	0.6	4,390		(4,390)		—
Total finite-lived	15.5	328,195		(100,736)		227,459
Indefinite-lived - trade names		190,427		—		190,427
Total other intangible assets, net		$	518,622	$	(100,736)	$	417,886

October 31, 2020	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,257	$	(13,919)	$	4,338
Non-compete agreements	5.5	6,892		(6,831)		61
Customer-related	18.2	239,634		(48,005)		191,629
Developed technology	7.6	51,995		(35,208)		16,787
Trade names	15.4	7,530		(2,552)		4,978
Backlog and other	0.6	4,390		(4,390)		—
Total finite-lived	15.5	328,698		(110,905)		217,793
Indefinite-lived - trade names		190,512		—		190,512
Total other intangible assets, net		$	519,210	$	(110,905)	$	408,305

For the three and six months ended April 30, 2021, amortization expense for finite-lived intangible assets was $6.2 million and $11.1 million, respectively. For the three and six months ended May 1, 2020, amortization expense for finite-lived intangible assets was $4.9 million and $9.6 million, respectively. Estimated amortization expense for the remainder of fiscal 2021 and succeeding fiscal years is as follows: fiscal 2021 (remainder), $12.7 million; fiscal 2022, $24.2 million; fiscal 2023, $22.4 million; fiscal 2024, $21.4 million; fiscal 2025, $19.8 million; fiscal 2026, $19.1 million; and after fiscal 2026, $122.6 million.