Goodwill and Other Intangible Assets

12 Months Ended

Oct. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

5 Goodwill and Other Intangible Assets

The company's acquisition of Intimidator on January 13, 2022 resulted in the recognition of $163.7 million and $184.2 million of goodwill and other intangible assets, respectively. For additional information on the company's acquisition of Intimidator, refer to Note 2, Business Combinations and Asset Acquisitions.

Goodwill

The changes in the carrying amount of goodwill by reportable segment for fiscal 2022 and 2021 were as follows (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	45		121		—		166
Balance as of October 31, 2021	411,079		10,601		—		421,680
Goodwill acquired	163,731		—		—		163,731
Translation adjustments	(1,779)		(335)		—		(2,114)
Balance as of October 31, 2022	$	573,031	$	10,266	$	—	$	583,297

Other Intangible Assets

The components of other intangible assets were as follows (in thousands, except weighted-average useful life in years):

October 31, 2022	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,210	$	(15,317)	$	2,893
Non-compete agreements	5.5	6,851		(6,829)		22
Customer-related	16.0	320,959		(83,805)		237,154
Developed technology	7.1	101,915		(53,001)		48,914
Trade names	13.8	10,667		(3,395)		7,272
Backlog and other	0.6	5,730		(5,505)		225
Total finite-lived	13.4	464,332		(167,852)		296,480
Indefinite-lived - trade names		289,352		—		289,352
Total other intangible assets, net		$	753,684	$	(167,852)	$	585,832

October 31, 2021	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,283	$	(14,670)	$	3,613
Non-compete agreements	5.5	6,914		(6,872)		42
Customer-related	18.2	239,679		(62,617)		177,062
Developed technology	7.0	87,473		(43,348)		44,125
Trade names	15.4	7,524		(2,969)		4,555
Backlog and other	0.6	4,390		(4,390)		—
Total finite-lived	14.6	364,263		(134,866)		229,397
Indefinite-lived - trade names		190,644		—		190,644
Total other intangible assets, net		$	554,907	$	(134,866)	$	420,041

Amortization expense for finite-lived intangible assets for the fiscal years ended October 31, 2022, 2021, and 2020 was $33.9 million, $23.8 million, and $19.5 million, respectively. Estimated amortization expense for the succeeding fiscal years is as follows: 2023, $34.9 million; 2024, $33.0 million; 2025, $30.1 million; 2026, $29.0 million; 2027, $24.0 million; and after 2027, $145.5 million.