Goodwill and Other Intangible Assets, Net (Tables)

3 Months Ended

Feb. 03, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill by reportable segment for the first three months of fiscal 2023 were as follows:

(Dollars in thousands)	Professional		Residential		Other		Total
Balance as of October 31, 2022	$	573,031	$	10,266	$	—	$	583,297
Translation adjustments	1,095		158		—		1,253
Balance as of February 3, 2023	$	574,126	$	10,424	$	—	$	584,550

Schedule of Finite-Lived Intangible Assets

The components of other intangible assets, net as of February 3, 2023, January 28, 2022, and October 31, 2022 were as follows (dollars in thousands):

February 3, 2023	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,253	$	(15,539)	$	2,714
Non-compete agreements	5.5	6,889		(6,872)		17
Customer-related	16.0	321,334		(89,935)		231,399
Developed technology	7.1	102,125		(55,823)		46,302
Trade names	13.7	10,744		(3,624)		7,120
Backlog and other	0.6	5,730		(5,730)		—
Total finite-lived	13.4	465,075		(177,523)		287,552
Indefinite-lived - trade names		289,512		—		289,512
Total other intangible assets, net		$	754,587	$	(177,523)	$	577,064

January 28, 2022	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,291	$	(14,858)	$	3,433
Non-compete agreements	5.5	6,921		(6,885)		36
Customer-related	16.0	322,296		(66,325)		255,971
Developed technology	7.0	87,427		(45,748)		41,679
Trade names	13.7	10,762		(3,038)		7,724
Backlog and other	0.7	6,640		(4,390)		2,250
Total finite-lived	13.5	452,337		(141,244)		311,093
Indefinite-lived - trade names		289,704		—		289,704
Total other intangible assets, net		$	742,041	$	(141,244)	$	600,797

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

Schedule of Indefinite-Lived Intangible Assets

The components of other intangible assets, net as of February 3, 2023, January 28, 2022, and October 31, 2022 were as follows (dollars in thousands):

February 3, 2023	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,253	$	(15,539)	$	2,714
Non-compete agreements	5.5	6,889		(6,872)		17
Customer-related	16.0	321,334		(89,935)		231,399
Developed technology	7.1	102,125		(55,823)		46,302
Trade names	13.7	10,744		(3,624)		7,120
Backlog and other	0.6	5,730		(5,730)		—
Total finite-lived	13.4	465,075		(177,523)		287,552
Indefinite-lived - trade names		289,512		—		289,512
Total other intangible assets, net		$	754,587	$	(177,523)	$	577,064

January 28, 2022	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,291	$	(14,858)	$	3,433
Non-compete agreements	5.5	6,921		(6,885)		36
Customer-related	16.0	322,296		(66,325)		255,971
Developed technology	7.0	87,427		(45,748)		41,679
Trade names	13.7	10,762		(3,038)		7,724
Backlog and other	0.7	6,640		(4,390)		2,250
Total finite-lived	13.5	452,337		(141,244)		311,093
Indefinite-lived - trade names		289,704		—		289,704
Total other intangible assets, net		$	742,041	$	(141,244)	$	600,797

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

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

estimated amortization expense for the remainder of fiscal 2023 and succeeding fiscal years is as follows:

(Dollars in thousands)	February 3, 2023
2023 (remaining)	$	25,792
2024	33,022
2025	30,170
2026	28,989
2027	24,055
2028	21,533
Thereafter	123,991
Total estimated amortization expense	287,552