Goodwill and Other Intangible Assets, Net

9 Months Ended

Jul. 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 nine 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	311		133		—		444
Balance as of July 30, 2021	$	411,345	$	10,613	$	—	$	421,958

Other Intangible Assets, Net

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

July 30, 2021	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,275	$	(14,482)	$	3,793
Non-compete agreements	5.5	6,908		(6,861)		47
Customer-related	18.2	239,762		(59,017)		180,745
Developed technology	7.0	87,512		(40,943)		46,569
Trade names	15.3	7,544		(2,882)		4,662
Backlog and other	0.6	4,390		(4,390)		—
Total finite-lived	14.6	364,391		(128,575)		235,816
Indefinite-lived - trade names		190,681		—		190,681
Total other intangible assets, net		$	555,072	$	(128,575)	$	426,497

July 31, 2020	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,232	$	(13,697)	$	4,535
Non-compete agreements	5.5	6,871		(6,804)		67
Customer-related	18.2	239,661		(44,368)		195,293
Developed technology	7.6	51,999		(34,232)		17,767
Trade names	15.3	7,540		(2,453)		5,087
Backlog and other	0.6	4,390		(4,390)		—
Total finite-lived	15.5	328,693		(105,944)		222,749
Indefinite-lived - trade names		190,521		—		190,521
Total other intangible assets, net		$	519,214	$	(105,944)	$	413,270

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 nine months ended July 30, 2021, amortization expense for finite-lived intangible assets was $6.4 million and $17.5 million, respectively. For the three and nine months ended July 31, 2020, amortization expense for finite-lived intangible assets was $5.0 million and $14.6 million, respectively. Estimated amortization expense for the remainder of fiscal 2021 and succeeding fiscal years is as follows: fiscal 2021 (remainder), $6.4 million; fiscal 2022, $24.2 million; fiscal 2023, $22.4 million; fiscal 2024, $21.4 million; fiscal 2025, $19.8 million; fiscal 2026, $19.0 million; and after fiscal 2026, $122.6 million.